Far West Mining Ltd.
TSX : FWM

Far West Mining Ltd.

May 19, 2006 13:35 ET

Far West Announces Results for the First Four Diamond Drill Holes Drilled in the Santo Domingo Sur Copper Deposit

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - May 19, 2006) - Far West Mining Ltd. (TSX:FWM) is pleased to announce the results for the first four diamond drill holes in the Santo Domingo Sur copper deposit. The recently completed seven hole diamond drill program has verified the presence of a third manto in the northern part of the deposit, as well as the presence of additional mantos at depth. These mantos underlie the 139.4 million tonne NI 43-101 compliant Indicated Resource grading 0.59% Cu reported in Far West's news release of May 3, 2006.

Prior to the current diamond drilling program, modelling and cross section plots of the iron oxide mantos hosting copper mineralization indicated that only 12 of the 31 reverse circulation (RC) drill holes completed within the confines of the Santo Doming Sur resource outline, had been drilled to a depth sufficient to test the third manto sequence. The restricted capacity of the RC rig limited the depth of penetration in most of the holes, especially when water was encountered.

The seven hole diamond drill program completed on May 17, 2006 was designed to test the third manto of the deposit and to determine the possible existence of additional mantos at greater depths. Three holes were drilled to twin RC holes 4a3-39, 60 and 69 and four holes were placed in new locations. A figure showing the location of the seven diamond drill holes completed will be posted on the company's website.

All diamond drill holes intersected significant manto style IOCG mineralization of variable grade and thickness. Drill holes 4a3-77D, 79D, and 80D intersected additional iron mantos below the previously known manto sequences. While drilling in the third manto sequence, hole 78D intersected a fault and penetrated a distinctly different geological unit comprised of limestone volcanic sediments. The fault intersected may define the southern boundary of the outlined resource.

The combined mineralized intercepts in the four holes reported are as follows: 4a3-77D (213m 0.70% Cu), 4a3-78D (122m 0.89% Cu), 4a3-79D (187m 0.61% Cu) and 4a3-80D (139m 0.70% Cu).

The results from the diamond drill holes reported are tabled below:



-----------------------------------------------------------
drill hole angle from to interval grade
-----------------------------------------------------------
number (degrees) (metres) (metres) (metres) %Cu
-----------------------------------------------------------

-----------------------------------------------------------
4a3-77D -90 47 62 15 1.04
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between
hole 22
and 42 94 131 37 0.69
-----------------------------------------------------------
141 164 23 1.30
-----------------------------------------------------------
169 193 24 1.16
-----------------------------------------------------------
247 258 11 0.62
-----------------------------------------------------------
333 359 26 0.43
-----------------------------------------------------------
468 501 33 0.37
-----------------------------------------------------------
561 605 44 0.44
-----------------------------------------------------------
average to 258 213 0.70
-----------------------------------------------------------

-----------------------------------------------------------
43a-78D -90 69 146 77 0.96
-----------------------------------------------------------
between
hole 46
and 48 203 223 20 0.82
-----------------------------------------------------------
229 243 14 0.75
-----------------------------------------------------------
fault at 275 264 275 11 0.73
-----------------------------------------------------------
average 122 0.89
-----------------------------------------------------------

-----------------------------------------------------------
43a-79D -90 174 231 57 0.63
-----------------------------------------------------------
twin of 69 239 278 39 0.40
-----------------------------------------------------------
319 370 51 0.74
-----------------------------------------------------------
453 471 17 0.54
-----------------------------------------------------------
483 506 23 0.68
-----------------------------------------------------------
average 187 0.61
-----------------------------------------------------------

-----------------------------------------------------------
43a-80D -90 107 129 22 0.77
-----------------------------------------------------------
twin of 60 134 157 23 0.59
-----------------------------------------------------------
210 238 28 0.64
-----------------------------------------------------------
260 271 11 0.60
-----------------------------------------------------------
350 405 55 0.76
-----------------------------------------------------------
average 139 0.70
-----------------------------------------------------------

-----------------------------------------------------------


A comparison between RC holes 60 and 69 with their diamond drill counterparts 79D and 80D shows that the iron rich mantos are consistent in thickness and iron content and that the copper grades are comparable when averaged over significant intervals. The copper content does, however, show considerable variability over short segments. This variability confirms earlier observations that the copper grades within mantos of consistent thickness and similar iron content are variable. Such variability appears to be typical for the IOCG style of mineralization as observed in operating mines such as Candelaria and Olympic Dam.

The three diamond drill holes that remain to be reported are comprised of a twin of hole 4a3-39 (hole 76D), a new hole in the center of the grid sector defined by holes 45, 51, 52 and 67 (hole 82D) and a step out hole 100m to the northeast of the hole 65 and north of hole 62 (hole 81D). The results for these holes will be reported as soon as all of the assays have been received.

RC Drilling at Santo Domingo Sur to Commence Immediately

RC Drilling in the Santo Domingo Sur area will commence immediately with holes designed to expand the Santo Domingo resource to the north and to the northeast in the direction of the Iris mine workings on the ENAMI property where a well mineralized manto is exposed on surface. Drill centres will be at 100m spacing until sufficient geological information is gathered to permit wider step-outs (200m) to test for buried manto sequences that are interpreted to be the source of extensive coincident magnetic and gravity/gravimetric signatures cover a (2 km2) area on the ENAMI property.

Sampling and Assaying Procedures

Drill core was placed into wooden core boxes by Harris personnel at the drill. The depth of each interval of core pulled was marked on a wooden block and placed into the core box. Core was transported to a logging facility by Far West personnel. At the logging facility the core was photographed and a geotechnical log completed. Geotechnical data recorded included: recovery, rock quality designation (RQD), fracture frequency, rock alteration and weathering, structure type, angle and roughness, joint compressive strength (JCS), and specific gravity. Cut core samples with a length of 15 or 20cm were also collected and stored in preparation for subsequent triaxial and point load tests.

The core was then geologically logged noting lithology, mineralogy, etc. Samples were marked at one metre intervals and subsequently adjusted to correspond to major lithologic contacts. Sample lengths were not less than 0.5m nor did they exceed 2m. Sampled intervals were cut in half using a diamond saw. Half of the sample was returned to the core box and stored in the core facility. The other half was bagged and shipped (via ALS truck) to the ALS-Chemex laboratory at La Serena, Chile for analyses.

A QAQC (quality assurance, quality control) program conducted by Far West consisted of the introduction of standard, duplicate, and blank samples into the sample sequence at regular intervals. Standard samples were prepared by CDN Resource Laboratories Ltd. of Delta, B.C.

Samples were subjected to aqua regia digestion and analysed for 27 elements using an induced coupled plasma (ICP) method. Atomic absorption was used to determine copper values exceeding 10,000 ppm. Gold was analyzed by fire assay with atomic absorption finish using a 30g pulverized sample.

The in-house qualified persons responsible for the Projects are Robert E. Hindson, P. Eng., Chief Executive Officer, President and a director of Far West, and J. Patricio Varas, P. Geo. Vice-President and a director of Far West, both of whom have reviewed and approved the contents of this news release.

Far West Mining Ltd. is an international mineral exploration company engaged in the evaluation, acquisition, exploration and development of mining properties. The company has current operations in Chile (100% Far West) as well as in Argentina and Australia in collaboration with its strategic alliance exploration partner BHP Billiton.

FAR WEST MINING LTD.

Robert E. Hindson, P.Eng., President and C.E.O.

This news release contains certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical fact, that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans" "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Information inferred from the interpretation of drilling results and information concerning mineral resource estimates may also be deemed to be forward-looking statements, as it constitutes a prediction of what might be found to be present when and if a project is actually developed. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. The Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

For further information investors should review the Company's filings that are available at www.sedar.com.


The TSX does not accept responsibility for the adequacy or accuracy of this news release.

Contact Information

  • Far West Mining Ltd.
    Patricio Varas
    Vice President
    (604) 602-9144
    or
    Far West Mining Ltd.
    Lars Beggerow
    Chief Geologist
    (604) 602-9144
    www.farwestmining.com