Far West Mining Ltd.
TSX : FWM

Far West Mining Ltd.

April 28, 2008 09:26 ET

Far West Discovers New Zone of Copper-Iron Mineralization on Its Santo Domingo Property in Chile

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 28, 2008) - Far West Mining Ltd. (TSX:FWM) is pleased to report that the drilling program carried out during the first quarter of this year on its Santo Domingo property in Chile has resulted in the discovery of a new zone of copper-iron mineralization to the north of the Iris deposit. The mineralized zone, which has been named Iris Norte, is approximately 100-150 metres wide with the current strike length of exceeding one kilometre (see Figure 2). The mineralization, which is very similar in character to the Iris deposit, starts at a 60m depth at the southern end of the zone and plunges gently to the north. Drilling to date at Iris Norte is widely spaced with 125-250m hole-separations. The mineralized zone remains open to the north.

Drill Program

During the period January 23 through March 31, 2008, twenty six reverse circulation (RC) holes totalling 6,464 metres were completed in the Santo Domingo project area. The drill holes were primarily designed to test geophysical anomalies identified by a survey carried out in the fall of 2007.

Twelve holes were drilled in and around the new Iris Norte mineralized zone (see Figure 1). These holes were targeted to test one of the new geophysical anomalies covering an area where previous drilling, conducted from 2003 through 2006, had intercepted mineralized mantos (see Table 1). The recent drilling suggests that these mantos are connected to a structurally controlled zone bearing iron and copper mineralization. Mineralization at Iris Norte appears to be hosted by the same volcanic flow and tuff lithologies encountered in the Iris deposit to the south. The Iris Norte zone follows the same trend as the Iris deposit along the eastern side of a large, predominantly north-south trending, gravity anomaly. There is a gap of approximately 400m between the northern end of the Iris deposit and the southern end of the Iris Norte zone. Within this distance, the depth to the top of the mineralized zone shifts from 200m at the northern end of the Iris deposit to 60m at the southern end of the Iris Norte zone suggesting a relative structural uplift of the northern block by some 140m. Significant copper intersections drilled in the Iris Norte zone are summarized in Table 1. Additional drilling at closer spacing will be required at Iris Norte to fully assess and define the projected copper-iron zone outlined and to test for possible extension of the mineralization to the north.

Figure 1: FALCON(TEM) gravity image showing the Iris Norte zone. The mineralized zone is 100-200m wide with a strike length of approximately 1000m. The drill holes are widely spaced and the mineralized zone remains open to the north. To view figure 1, please click on the following link: http://media3.marketwire.com/docs/Figure1FALCON.pdf.

Of the twenty six drill holes completed in the recent program, eight holes were drilled to test regional exploration targets and six were drilled at Estrellita with a view to extend the limits of the deposit. None of the holes drilled to test regional targets intersected significant copper mineralization, however, two of these holes intersected water bearing horizons with encouraging flow rates. Large diameter holes are planned to assess the potential of the water bearing horizons encountered.

Assay results for the six holes drilled at Estrellita are pending and will be reported at a later date.



Table 1

Iris Norte Drill Results

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Drill hole Angle From To Interval Grade Grade
Number (degrees) (metres) (metres) (metres) (% Cu) (% Fe)
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---------------------------------------------------------------------
3(i) -70 60 100 40 0.66 11.2
---------------------------------------------------------------------
134 166 32 0.61 13.9
---------------------------------------------------------------------

---------------------------------------------------------------------
15(i) -90 58 76 18 0.64 22.6
---------------------------------------------------------------------
94 148 54 0.27 25.9
---------------------------------------------------------------------

---------------------------------------------------------------------
24(i) -90 40 66 26 0.64 33.5
---------------------------------------------------------------------
78 104 26 0.64 24.4
---------------------------------------------------------------------

---------------------------------------------------------------------
154(i) -90 118 136 18 0.46 32.2
---------------------------------------------------------------------

---------------------------------------------------------------------
329 -60 172 206 34 0.64 32.0
---------------------------------------------------------------------
244 262 18 0.61 24.2
---------------------------------------------------------------------

---------------------------------------------------------------------
334 -60 66 126 60 0.35 19.2
---------------------------------------------------------------------
180 254 74 - 28.9
---------------------------------------------------------------------

---------------------------------------------------------------------
336 -60 106 302 196 0.16 27.9
---------------------------------------------------------------------
incl. 106 136 30 0.38 45.8
---------------------------------------------------------------------
and 170 194 24 0.32 31.7
---------------------------------------------------------------------

---------------------------------------------------------------------
337 -60 128 158 30 0.86 15.0
---------------------------------------------------------------------
incl. 128 146 18 1.27 20.3
---------------------------------------------------------------------
190 286 96 - 30.1
---------------------------------------------------------------------

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

(i) Previously reported


Review of Iron Potential

The preliminary economic assessment for the Santo Domingo project (see news release dated April 1, 2008) highlighted the economic importance of the iron component. It is evident that iron mineralization close to surface or planned pit outlines may prove to be economically viable even without associated copper-gold mineralization. The tonnage of iron mineralization on the property could be a number of times greater than that which is reported with the copper-gold mineralization in the recent scoping study. Accordingly, the Company has reviewed drill data to identify holes with significant iron intercepts that are located outside the confines of the Santo Domingo Sur and Iris deposits and the Iris Norte zone, to assess their potential (see Table 2 for a list of the drill holes and Figure 2 for their location.



Table 2

Significant Iron Intercepts on the Santo Domingo Property Located Outside

the Confines of the Santo Domingo and Iris Copper-Iron Deposits

--------------------------------------------------------------------------
Angle From To Interval Grade
(degrees) (metres) (metres) (metres) (% Fe)
--------------------------------------------------------------------------
Caprichosa
--------------------------------------------------------------------------
4a2-4(i) -90 30 64 34 34.7
--------------------------------------------------------------------------
4a2-10(i) -90 92 160 68 27.7
--------------------------------------------------------------------------
4a2-11(i) -90 60 104 44 30.9
--------------------------------------------------------------------------
4a2-14(i) -60 0 22 22 27.2
--------------------------------------------------------------------------

--------------------------------------------------------------------------
Iris Norte
--------------------------------------------------------------------------
25(i) -90 62 82 20 32.6
--------------------------------------------------------------------------
327 -60 126 150 24 31.6
--------------------------------------------------------------------------
188 252 64 29.0
--------------------------------------------------------------------------
331 -60 108 262 154 25.6
--------------------------------------------------------------------------
335 -60 118 174 56 31.1
--------------------------------------------------------------------------

--------------------------------------------------------------------------
Iris
--------------------------------------------------------------------------
96(i) -90 90 176 86 31.5
--------------------------------------------------------------------------
99(i) -90 6 194 188 26.2
--------------------------------------------------------------------------
incl. 6 80 74 30.4
--------------------------------------------------------------------------
and 130 194 64 26.2
--------------------------------------------------------------------------

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

(i) Previously reported


Figure 2: FALCON(TEM) gravity image showing the location of the copper-iron deposits and mineralized zones on the Santo Domingo Property. The drill holes presented contain significant iron intercepts which are listed in Table 2. To view figure 2, please click on the following link: http://media3.marketwire.com/docs/Figure2FALCON.pdf.

Farallon Negro Porphyry Copper-Gold Project, Argentina

On April 24, 2008, the Company commenced an induced polarization (IP) ground geophysical survey on the Farallon Negro property located in the Catamarca Province of Argentina. The survey is targeting disseminated sulphide mineralization and alteration that commonly envelopes copper-gold porphyry deposits. Exploration at Farallon Negro is being carried out by the Company and BHP Billiton under an option agreement that allows Far West to earn a 50% interest in the project. The interest is subject to a claw-back provision in favour of BHP Billiton.

The in-house qualified persons are Robert E. Hindson, P. Eng., Chief Executive Officer, President and a director of Far West, and Rick N. Zimmer, P.Eng., Chief Operating Officer, Vice President and director of Far West who 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 in Chile, Argentina and Australia.

FAR WEST MINING LTD.

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

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

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.

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

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