Far West Mining Ltd.
TSX : FWM

Far West Mining Ltd.

June 09, 2006 13:31 ET

Far West Summarizes Results for Diamond Drill Program at Santo Domingo Sur; Reverse Circulation Drilling on the ENAMI Property has Commenced

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - June 9, 2006) - Far West Mining Ltd. (TSX:FWM) is pleased to provide complete results for the diamond drill program recently carried out on the Santo Domingo Sur copper deposit which contains a 139.4 million tonne NI 43-101 compliant Indicated Resource grading 0.59% Cu (see May 3, 2006 news release). The Company is also pleased to announce that reverse circulation drilling on the ENAMI property has commenced.

Diamond Drilling (Santo Domingo Sur)

As previously reported, the seven hole diamond drill program completed on May 17, 2006 has verified the presence of a third manto in the northern part of the deposit, as well as additional mantos at depth.

Three diamond drill holes were placed 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 has been posted on the company's website.

All diamond drill holes intersected significant manto style IOCG mineralization of variable grade and thickness. Drill holes 4a3-76D, 77D, 79D, and 80D intersected additional mineralized 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 and volcanic sediments. The fault intersected may define the southern boundary of the outlined resource.

The combined mineralized intercepts in the seven diamond drill holes reported are as follows: 4a3-76D (174.5m 0.68%Cu), 4a3-77D (213m 0.70%Cu), 4a3-78D (122m 0.89%Cu), 4a3-79D (187m 0.61%Cu), 4a3-80D (139m 0.70%Cu), 4a3-81D (95m 0.79%Cu) and 4a3-82D (59m 0.70%Cu).



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

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drill hole angle from to interval grade
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number (degrees) (metres) (metres) (metres) %Cu
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4a3-76D -90 53 68 15 0.70
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twin of 39 79 110 31 0.61
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125 173 48 0.85
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184.5 231 46.5 0.60
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359 393 34 0.60
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average 174.5 0.68
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4a3-77D -90 47 62 15 1.04
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94 131 37 0.69
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141 164 23 1.30
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169 193 24 1.16
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247 258 11 0.62
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333 359 26 0.43
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468 501 33 0.37
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561 605 44 0.44
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average 213 0.70
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4a3-78D -90 69 146 77 0.96
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203 223 20 0.82
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229 243 14 0.75
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faulted at 275 264 275 11 0.73
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average 122 0.89
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4a3-079D -90 174 231 57 0.63
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twin of 69 239 278 39 0.40
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319 370 51 0.74
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453 471 17 0.54
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483 506 23 0.68
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average 187 0.61
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4a3-80D -90 107 129 22 0.77
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twin of 60 134 157 23 0.59
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210 238 28 0.64
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260 271 11 0.60
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350 405 55 0.76
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average 139 0.70
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4a3-81D -90 50 82 32 0.63
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174 237 63 0.87
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average 95 0.79
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4a3-82D -90 0 12 12 1.34
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150 162 12 0.41
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173 189 17 0.55
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252 270 18 0.61
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average 59 0.70
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A comparison between RC holes 39, 60 and 69 with their diamond drill counterparts 76D, 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.

Reverse Circulation Drilling (Santo Domingo Sur)

On May 21, 2005, subsequent to the completion of the diamond drill campaign, the Company recommenced its fourth phase of RC drilling in the Santo Domingo Sur project area. A total of eight (RC) holes (2,861m) have been drilled of which the assay results for two (73 & 75) have been reported. The drill holes have expanded the mineralized mantos defined in previous drilling 100m to the north and to the northeast of the deposit. A map showing the current extent of mineralization with the location of all of the holes drilled to date is posted on the Company's website.

Reverse Circulation Drilling (Santo Domingo / ENAMI Property)

Reverse circulation drilling on the Santo Domingo ENAMI property commenced on June 7th in the immediate vicinity of the Iris mine workings 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 covering a (2 km2) area on the ENAMI property.

Metallurgical Testing

The Company is planning to carry out preliminary metallurgical testing of a composite sample of drill cuttings from the Santo Domingo Sur deposit to provide an estimate of copper, gold and iron (magnetite) recoveries and related beneficiation costs. Metallurgical testing will commence as soon as personnel and facilities are available.

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.

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 reserved.

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