Far West Mining Ltd.
TSX : FWM

Far West Mining Ltd.

November 29, 2006 15:37 ET

Far West Mining Ltd.: Drilling on Santo Domingo Property in Chile Further Expands Near-Surface Oxide Copper Zone at Estrellita

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 29, 2006) - Far West Mining Ltd. (TSX:FWM) is pleased to report the assay results for an additional 12 drill holes completed at Estrellita on the Company's Santo Domingo property in Chile. All twelve of the drill holes intersected copper mineralization with eleven of them encountering oxide and mixed oxide/sulfide copper intervals at shallow depths.

Estrellita Property

The Estrellita property is located approximately four kilometres northwest of the Company's Santo Domingo Sur deposit (NI 43-101 compliant Indicated Resource of 139.4 million tonnes grading 0.59% Cu, May 2006). The property hosts a number of workings where high grade oxide copper mineralization has been mined for a number of years. Drilling by a major mining corporation in the 1990's yielded multiple intercepts (30m to 80m) at shallow depths grading from 0.50 to 1.03% Cu.

Eight drill holes (4a3-189, 191, 192, 193, 194, 195, 196 and 197) placed to the west of the Estrellita mine workings expanded the previously known extent of the mineralized zone by 150m to the west. Seven of the eight holes intercepted mineralization at shallow depths with cumulative mineralized intervals ranging from 12m to 70m. The average grade of the mineralized intervals ranges from 0.59% to 1.51% Cu. Mineralization is hosted by andesite porphyries and specularite mantos and consists of black oxidized copper minerals (chalcocite, tenorite, copper wad, pitch limonite) and green copper oxides (chrysocolla, brochantite) at shallow depths. At deeper levels the mineralization consists of a mixture of chalcocite and chalcopyrite. Drill hole 196 intercepted 10m of 0.53% Cu from 100m depth despite the fact that it is located between holes 193 and 197, both of which encountered mineralization close to surface. The hole appears to have been drilled into a tectonic fragment defined by faults to the north and south of the drill hole.

Diamond drill hole 188D was drilled at a 45 degree angle to the south between vertical holes 174D and 163. The hole intercepted 67m of 1.03% Cu from surface (true width is approximately 47m) and confirmed the continuity of the mineralized zone between the vertical holes.

Drill hole 185 was drilled 400m east of the Estrellita mine workings on the east side of an interpreted fault. The hole intersected two mineralized zones (10m / 1.06% Cu from 18m and 8m / 0.66% Cu from 40m) within a wider mineralized zone from 4m to 78m grading 0.41% Cu. The drill hole confirms the presence of mineralization east of the interpreted fault. Further drilling is planned to test the extent of the mineralization to the east of drill holes 184 and 185.

Drill holes 186 and 187 were drilled to the southeast of the Estrellita mine workings. Hole 187 (34m / 0.53% Cu) intersected the Estrellita mineralized zone from 40m to 74m confirming the continuity of the zone between holes 165 and 178. Drill hole 186 (40m / 0.88% Cu) was drilled to the south of an interpreted east-west fault and intersected two mineralized horizons of comparable width and grade to holes 168 and 166 to the immediate west.

As of this date, assay results are pending for a further 21 drill holes that have been completed at Estrellita.

Drill results from Estrellita are tabled below:



----------------------------------------------------------
Drill hole Angle From To Interval Grade
number (degrees) (metres) (metres) (metres) (% Cu)
----------------------------------------------------------

----------------------------------------------------------
4a3-185 -90 18 28 10 1.06
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40 48 8 0.66
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average 18 0.88
----------------------------------------------------------

----------------------------------------------------------
4a3-186 -90 56 70 14 1.25
----------------------------------------------------------
88 114 26 0.68
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including 94 102 8 1.04
----------------------------------------------------------
average 40 0.88
----------------------------------------------------------

----------------------------------------------------------
4a3-187 -90 40 74 34 0.53
----------------------------------------------------------
including 60 68 8 0.80
----------------------------------------------------------

----------------------------------------------------------
4a3-188D -45 0 67 67 1.03
----------------------------------------------------------
including 0 10 10 2.21
----------------------------------------------------------

----------------------------------------------------------
4a3-189 -90 0 18 18 0.42
----------------------------------------------------------
18 20 2 mine
workings
----------------------------------------------------------
22 46 24 1.07
----------------------------------------------------------
average 42 0.79
----------------------------------------------------------

----------------------------------------------------------
4a3-191 -90 18 74 56 0.59
----------------------------------------------------------
including 40 60 20 0.80
----------------------------------------------------------
104 118 14 0.61
----------------------------------------------------------
average 70 0.59
----------------------------------------------------------

----------------------------------------------------------
4a3-192 -90 30 42 12 2.16
----------------------------------------------------------
54 64 10 1.28
----------------------------------------------------------
74 84 10 0.95
----------------------------------------------------------
average 32 1.51
----------------------------------------------------------

----------------------------------------------------------
4a3-193 -90 8 14 6 0.78
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74 80 6 1.56
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average 12 1.17
----------------------------------------------------------

----------------------------------------------------------
4a3-194 -90 16 48 32 0.67
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----------------------------------------------------------
4a3-195 -90 54 102 48 0.66
----------------------------------------------------------
including 82 102 20 0.94
----------------------------------------------------------

----------------------------------------------------------
4a3-196 -90 100 110 10 0.53
----------------------------------------------------------

----------------------------------------------------------
4a3-197 -90 0 36 36 0.64
----------------------------------------------------------
including 12 18 6 1.26
----------------------------------------------------------
58 64 6 0.92
----------------------------------------------------------
86 90 4 2.25
----------------------------------------------------------
average 46 0.81
----------------------------------------------------------


The intercepts reported for the vertical holes drilled are believed to be close to true width as the orientation of the mineralized zone at Estrellita appears to be more or less horizontal. Diamond drill hole 188D is angled at -45 degrees to the south and the true widths of the intercepts are approximately 70% of that which is reported.

To view accompanying map, please click on the following link: http://www.ccnmatthews.com/docs/fwmmap.jpg

Assaying Procedures

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 by ICP-MS (induced coupled plasma mass spectrometry). 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.

The news release uses the term "indicated resource". The Company advises investors that although this term is recognized and required by Canadian securities regulations (under National Instrument 43-101 "Standards of Disclosure for Mineral Projects"), the US Securities and Exchange Commission does not recognize this term. Investors are cautioned not to assume that any part of or all of the mineral deposits in these categories will ever be converted into reserves.

For further information investors should review the Company's filings that are available at www.sedar.com or contact Patricio Varas, Vice President or Lars Beggerow, Chief Geologist at (604) 602-9144.


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
    Website: www.farwestmining.com