Tiomin Resources Inc.
TSX : TIO

Tiomin Resources Inc.

April 19, 2007 08:30 ET

Tiomin Reports First Drilling Results From 15,500 Meter Program at Pukaqaqa Copper-Gold Project in Peru

TORONTO, CANADA--(CCNMatthews - April 19, 2007) - Tiomin Resources Inc. ("Tiomin" or the "Company") (TSX:TIO) is pleased to report the drill results of the first 35 holes of a 15,500 meter drilling program at its Pukaqaqa copper-gold project located in central Peru. Tiomin is earning a 49% interest in the project from Compania Minera Milpo S.A. ("Milpo"), a well established Peruvian mining company.

Milpo, the operator of the project, has completed the drilling program that started in August 2006. The company has received complete assay results for the first 35 holes totaling 8,203 meters. The drilling program was carried out systematically, starting from the north end of the Blanket Norte towards the Blanket Sur.

Highlights of the program include:



------------------------------------------------------------------------
Hole No. From To Length Cu Au Zone
(m) (m) (m) % (g/t)
------------------------------------------------------------------------
------------------------------------------------------------------------
PND-06-124 430.6 485.8 55.2 1.07 0.52 Northern Blanket
------------------------------------------------------------------------
PND-06-127 21.0 105.0 84.0 0.51 - Northern Blanket
------------------------------------------------------------------------
PND-06-135 8.3 73.6 65.3 0.75 - Northern Blanket
------------------------------------------------------------------------
PND-06-137 321.0 367.45 46.45 1.02 0.26 Gaby breccia
------------------------------------------------------------------------
PND-06-138 225.8 290.8 65.0 0.88 0.19 Gaby brec./Nort. Blanket
------------------------------------------------------------------------
PND-06-140 315.6 343.1 27.5 0.94 0.25 Gaby breccia
------------------------------------------------------------------------
PND-06-142 104.4 178.8 74.4 0.48 0.10 Northern Blanket
------------------------------------------------------------------------
PND-06-143 332.1 375.9 43.8 1.01 0.33 Gaby breccia
------------------------------------------------------------------------
PND-06-144 107.9 150.4 42.5 1.26 0.20 Gaby breccia
------------------------------------------------------------------------
PND-06-145 15.7 125.7 110.0 0.65 - Northern Blanket
------------------------------------------------------------------------
PND-06-147 289.5 412.2 122.7 1.28 0.35 Gaby breccia
------------------------------------------------------------------------
PND-06-148 3.6 164.9 161.3 0.60 - Northern Blanket
------------------------------------------------------------------------
PND-06-149 45.3 131.8 86.5 1.08 0.18 Gaby brec./Nort. Blanket
------------------------------------------------------------------------


The results from the infill drilling program indicate that both the Blanket Norte and the Gaby Breccia have substantial variability in grade and volume, which will require a tighter spacing to upgrade the resource to the measured and indicated categories. The Blanket Norte is now wider than initially interpreted towards the southwest but has decreased in width towards the northwest. A relatively higher grade mineralized zone joins the Northern and Southern Blanket deposits, extending for 200 metres with a width ranging from 50 to 100 metres to a depth of 170 metres.

The Blanket Norte and the Blanket Sur zones are essentially flat-lying mineralized skarn deposits that are flanked to the east by the steeply dipping Gaby Breccia and Monica Breccia zones and to the west by the Raurac Breccia zone.

The Pukaqaqa deposit contains a measured and indicated resource of 17.1 million tonnes grading 0.54% copper and 0.071 g/t gold (204 million pounds of copper and 39,000 ounces of gold) and an inferred resource of 114.6 million tonnes grading 0.60% copper and 0.096 g/t gold (1.5 billion pounds of copper and 354,000 ounces of gold), using a 0.30% copper cut-off grade. The objective of the current drilling program is to convert a large portion of the inferred resource to the indicated resources and start a pre-feasibility study for the development of project. This study would contemplate the development of an open pit mine together with a flotation plant. Tiomin released the results of a preliminary economic assessment study on February 6, 2007.

A detailed assay result table for holes PND-06-120 to 154 is posted on the Company's website under Pukaqaqa project.

Quality Assurance/Quality Control and Qualified Person

Milpo has implemented a Quality Control program to ensure the accuracy in the collection and analysis of samples. Drill core (mainly HQ size) is sampled at two metres interval on average and split in half using a diamond saw. One half of the core is archived at the core storage facility on site while the other half is crushed, pulverized, split and a 250 gram portion is assayed at Actlabs Skyline Peru SAC (subsidiary of Activation Laboratories Ltd.). Actlabs have an ISO 9001:2000 certification in exploration and mineral preparation; gold determination by fire assay method, atomic absorption and gravimetry; and atomic absorption determination of Ag, Cu, Zn, As, Ni, Bi, Fe, Mn, and Mo. Accuracy of results is tested through the systematic inclusion of standards, field blanks and duplicate samples. The standards are prepared by SGS Peru, categorized into low, medium and high grade.

The Pukaqaqa exploration program is being managed by Mr. Jorge Hinostroza, Exploration Manager for Compania Minera Milpo S.A.A. Mr. Robbert Borst, Vice president - Project Development for Tiomin, a Qualified Person within the meaning of National Instrument 43-101, has verified and approved the data disclosed in this release.

Certain of the information contained in this news release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements, including but not limited to those respect to the prices of metals and minerals, estimated future production, estimated costs of future production and the Company's sales policy, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any forecast results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the actual prices of copper and gold, the actual results of current exploration, development and mining activities, changes in project parameters as plans continue to be evaluated, as well as those factors disclosed in the Company's documents filed from time to time with the Ontario Securities Commission.



Table 1. Summary Drill Results for the Pukaqaqa Project

-----------------------------------------------------
-----------------------------------------------------
Hole No. Azimut Dip Depth Zone
-----------------------------------------------------
-----------------------------------------------------
PND-06-120 230.0 -70 150.7
-----------------------------------------------------
-----------------------------------------------------
PND-06-121 230.0 -45 150.9 Northern Blanket
-----------------------------------------------------
-----------------------------------------------------
PND-06-122 198.0 -60 358.0
-----------------------------------------------------
-----------------------------------------------------
PND-06-123 0.0 -90 200.6 Northern Blanket
----

----

Inc.
-----------------------------------------------------
-----------------------------------------------------
PND-06-124 202.0 -64 522.0 vein in MBL
----------------------
Gaby Breccia
----------------------
Northern Blanket
Inc.
Inc.
-----------------------------------------------------
-----------------------------------------------------
PND-06-125 230.0 -65 182.3 Northern Blanket
----

-----------------------------------------------------
-----------------------------------------------------
PND-06-126 230.0 -65 237.4 Northern Blanket
----

----

-----------------------------------------------------
-----------------------------------------------------
PND-06-127 230.0 -60 162.6 Northern Blanket
Inc.
Inc.
-----------------------------------------------------
-----------------------------------------------------
PND-06-128 230.0 -65 280.1 Gaby Breccia
----------------------
Northern Blanket
-----------------------------------------------------
PND-06-129 219.0 -49 400.8 vein in MBL
Inc.
----------------------
----------------------
Gaby Breccia
----------------------
Northern Blanket
-----------------------------------------------------
-----------------------------------------------------
PND-06-130 230.0 -70 343.0 Gaby Breccia
----------------------
Northern Blanket
-----------------------------------------------------
-----------------------------------------------------
PND-06-131 230.0 -68 272.9 Gaby Breccia
----------------------
Northern Blanket
----

Inc.
-----------------------------------------------------
-----------------------------------------------------
PND-06-132 197.0 -49 408.0 vein in MBL
----------------------
Gaby Breccia
Inc.
-----------------------------------------------------
-----------------------------------------------------
PND-06-133 230.0 -60 188.1 Northern Blanket
----

-----------------------------------------------------
-----------------------------------------------------
PND-06-134 50.0 -49 230.4 Northern Blanket
Inc.
----

Inc.
-----------------------------------------------------
-----------------------------------------------------
PND-06-135 230.0 -50 184.7 Northern Blanket
----

----------------------
-----------------------------------------------------
PND-06-136 230.0 -59 203.1 Northern Blanket
----

Inc.
-----------------------------------------------------
-----------------------------------------------------
PND-06-137 199.0 -35 367.5 Gaby Breccia
-----------------------------------------------------
-----------------------------------------------------
PND-06-138 199.0 -50 290.8
Gaby Breccia Inc.
----------------------
Northern Blanket Inc.
Northern Blanket Inc.
-----------------------------------------------------
-----------------------------------------------------
PND-06-139 230.0 -60 121.8 Northern Blanket
-----------------------------------------------------
-----------------------------------------------------
PND-06-140 228.0 -67 354.3 Gaby Breccia
Inc.
-----------------------------------------------------
-----------------------------------------------------
PND-06-141 50.0 -70 105.3 Northern Blanket
Inc.
----

-----------------------------------------------------
-----------------------------------------------------
PND-06-142 230.0 -63 230.2 Gaby Breccia
----------------------
Northern Blanket
Inc.
Inc.
-----------------------------------------------------
-----------------------------------------------------
PND-06-143 251.0 -67 416.0 Gaby Breccia
Inc.
-----------------------------------------------------
-----------------------------------------------------
PND-06-144 230.0 -65 152.0 Gaby Breccia
Inc.
-----------------------------------------------------
-----------------------------------------------------
PND-06-145 50.0 -60 151.2 Northern Blanket
Inc.
-----------------------------------------------------
-----------------------------------------------------
PND-06-146 225.0 -45 121.5 Gaby Breccia
-----------------------------------------------------
PND-06-147 191.0 -65 473.4 Gaby Breccia
Inc.
----------------------
----------------------
Northern Blanket
-----------------------------------------------------
-----------------------------------------------------
PND-06-148 230.0 -70 164.9 Northern Blanket
Inc.
Inc.
Inc.
-----------------------------------------------------
-----------------------------------------------------
PND-06-149 235.0 -45 131.8
Gaby Breccia Inc.
Inc.
----------------------
Northern Blanket Inc.
Inc.
-----------------------------------------------------
-----------------------------------------------------
PND-06-150 50.0 -50 70.0 ENSK in Raurac
Breccia
-----------------------------------------------------
-----------------------------------------------------
PND-06-151 0.0 -90 167.5 Gaby Breccia
-----------------------
Northern Blanket
-----------------------------------------------------
-----------------------------------------------------
PND-06-152 0.0 -90 103.3 Northern Blanket
Inc.
Inc.
-----------------------------------------------------
-----------------------------------------------------
PND-06-153 230.0 -44 202.7 Monica Breccia
-----------------------------------------------------
-----------------------------------------------------
PND-06-154 230.0 -50 103.5 Northern Blanket
-----------------------------------------------------
-----------------------------------------------------


----------------------------------------------------------------------
----------------------------------------------------------------------
Cut
Length Au Ag Cu Zn Off
Hole No. From To (g/t) (g/t) % % %
----------------------------------------------------------------------
----------------------------------------------------------------------
PND-06-120 No Significant Intercepts
----------------------------------------------------------------------
----------------------------------------------------------------------
PND-06-121 2.6 15.95 13.35 - 3.51 0.60 0.05 0.30
----------------------------------------------------------
71.6 85.6 14.0 - 3.44 0.59 0.04 0.30
----------------------------------------------------------------------
----------------------------------------------------------------------
PND-06-122 No Significant Intercepts
----------------------------------------------------------------------
----------------------------------------------------------------------
PND-06-123 14.1 24.1 10.0 - 3.98 0.78 0.25 0.50
----------------------------------------------------------
89.5 98.5 9.0 - 4.72 0.57 0.11 0.30
----------------------------------------------------------
146.5 193.1 46.6 - 4.03 0.44 0.13 0.30
----------------------------------------------------------
152.5 182.5 30.0 - 4.73 0.54 0.19 0.50
----------------------------------------------------------------------
----------------------------------------------------------------------
PND-06-124 247.1 259.1 12.0 0.03 4.93 0.49 0.68 0.30
----------------------------------------------------------
310.6 314.6 4.0 0.05 10.85 0.88 0.14 0.50
----------------------------------------------------------
430.6 485.8 55.2 0.52 5.49 1.07 0.03 0.30
----------------------------------------------------------
430.6 444.6 14.0 - 2.81 1.04 0.02 0.50
----------------------------------------------------------
462.6 476.15 13.55 2.03 13.64 2.57 0.07 1.00
----------------------------------------------------------------------
----------------------------------------------------------------------
PND-06-125 59.0 73.0 14.0 0.09 4.44 0.31 0.03 0.30
----------------------------------------------------------
127.0 175.0 48.0 - 3.13 0.37 0.02 0.30
----------------------------------------------------------------------
----------------------------------------------------------------------
PND-06-126 46.0 54.0 8.0 - 2.15 0.32 0.06 0.30
----------------------------------------------------------
137.2 163.2 26.0 - 3.07 0.31 0.11 0.30
----------------------------------------------------------
205.2 225.2 20.0 - 2.65 0.38 0.01 0.30
----------------------------------------------------------------------
----------------------------------------------------------------------
PND-06-127 21.0 105.0 84.0 - 1.60 0.51 0.02 0.30
----------------------------------------------------------
21.0 39.0 18.0 - 1.48 0.62 0.01 0.50
----------------------------------------------------------
59.3 79.3 20.0 - 1.47 0.80 0.01 0.50
----------------------------------------------------------------------
----------------------------------------------------------------------
PND-06-128 192.0 202.05 10.05 0.07 7.07 0.54 0.17 0.30
----------------------------------------------------------
272.25 280.1 7.85 0.10 5.54 0.73 0.12 0.50
----------------------------------------------------------------------
PND-06-129 39.6 67.6 28.0 0.02 17.33 2.12 2.93 0.50
----------------------------------------------------------
39.6 61.6 22.0 - 20.04 2.54 3.48 1.00
----------------------------------------------------------
----------------------------------------------------------
322.6 361.8 39.2 0.15 5.04 0.72 0.06 0.50
----------------------------------------------------------
376.55 400.8 24.25 0.14 3.93 0.56 0.05 0.30
----------------------------------------------------------------------
----------------------------------------------------------------------
PND-06-130 298.7 306.1 7.4 0.11 5.00 0.46 0.06 0.30
----------------------------------------------------------
314.1 334.1 20.0 0.11 4.62 0.43 0.04 0.30
----------------------------------------------------------------------
PND-06-131 173.0 175.0 2.0 - 6.60 0.68 0.21 0.50
----------------------------------------------------------
182.65 194.65 12.0 - 4.73 0.35 0.25 0.30
----------------------------------------------------------
222.65 244.65 22.0 - 4.69 0.83 0.14 0.30
----------------------------------------------------------
224.65 240.65 16.0 - 4.98 0.98 0.14 0.50
----------------------------------------------------------------------
----------------------------------------------------------------------
PND-06-132 32.5 43.4 10.9 0.37 137.00 1.89 1.95 1.00
----------------------------------------------------------
351.4 379.0 27.6 0.22 5.99 0.74 0.02 0.50
----------------------------------------------------------
373.0 377.0 4.0 0.45 7.75 1.57 0.02 1.00
----------------------------------------------------------------------
PND-06-133 10.9 45.0 34.1 - 2.33 0.40 0.01 0.30
----------------------------------------------------------
53.0 67.0 14.0 - 4.21 0.36 0.02 0.30
----------------------------------------------------------------------
----------------------------------------------------------------------
PND-06-134 20.0 54.0 34.0 - 5.29 0.78 0.01 0.30
----------------------------------------------------------
20.0 36.0 16.0 - 9.63 1.30 0.02 1.00
----------------------------------------------------------
102.0 180.0 78.0 - 2.81 0.46 0.02 0.30
----------------------------------------------------------
102.0 112.0 10.0 - 4.00 0.88 0.01 0.50
----------------------------------------------------------------------
PND-06-135 8.3 73.6 65.3 - 2.94 0.75 0.01 0.50
----------------------------------------------------------
117.3 143.3 26.0 - 1.93 0.36 0.03 0.30
----------------------------------------------------------------------
----------------------------------------------------------------------
PND-06-136 6.0 28.0 22.0 - 2.54 0.38 0.05 0.30
----------------------------------------------------------
74.0 145.7 71.7 - 1.80 0.57 0.03 0.30
----------------------------------------------------------
----------------------------------------------------------
80.0 110.5 30.5 - 1.59 0.81 0.02 0.50
----------------------------------------------------------------------
----------------------------------------------------------------------
PND-06-137 321.0 367.45 46.45 0.26 5.74 1.02 0.08 0.30
----------------------------------------------------------------------
----------------------------------------------------------------------
PND-06-138 225.8 290.8 65.0 0.19 2.59 0.88 0.02
---------------------------------------------------------
225.8 245.4 19.6 0.34 4.03 1.51 0.04 1.00
---------------------------------------------------------
245.4 290.8 45.4 0.13 1.97 0.61 0.01 0.30
---------------------------------------------------------
245.4 262.8 17.4 0.24 2.95 1.10 0.01 1.00
----------------------------------------------------------------------
----------------------------------------------------------------------
PND-06-139 19.1 69.1 50.0 - 2.88 0.42 0.05 0.30
----------------------------------------------------------------------
----------------------------------------------------------------------
PND-06-140 315.6 343.1 27.5 0.25 4.14 0.94 0.11 0.30
---------------------------------------------------------
315.6 322.4 6.8 0.30 6.34 1.05 0.40 0.50
----------------------------------------------------------------------
----------------------------------------------------------------------
PND-06-141 29.1 73.1 44.0 - 2.05 0.41 0.02 0.30
---------------------------------------------------------
35.1 49.1 14.0 - 2.53 0.55 0.02 0.50
---------------------------------------------------------
87.1 99.1 12.0 - 1.85 0.34 0.01 0.30
----------------------------------------------------------------------
----------------------------------------------------------------------
PND-06-142 98.4 104.4 6.0 0.39 9.00 1.60 0.03 1.00
---------------------------------------------------------
104.4 178.8 74.4 0.10 3.57 0.48 0.01 0.30
---------------------------------------------------------
104.4 128.3 23.9 0.12 5.05 0.57 0.02 0.50
---------------------------------------------------------
139.4 172.8 33.4 0.11 3.08 0.50 0.01 0.50
----------------------------------------------------------------------
----------------------------------------------------------------------
PND-06-143 332.1 375.9 43.8 0.33 5.86 1.01 0.20 0.50
---------------------------------------------------------
358.1 372.7 14.6 0.39 5.98 1.47 0.08 1.00
----------------------------------------------------------------------
----------------------------------------------------------------------
PND-06-144 107.9 150.4 42.5 0.20 5.62 1.26 0.07 0.50
---------------------------------------------------------
111.9 146.8 34.9 0.22 5.78 1.38 0.05 1.00
----------------------------------------------------------------------
----------------------------------------------------------------------
PND-06-145 15.7 125.7 110.0 - 2.69 0.65 0.02 0.30
---------------------------------------------------------
31.7 99.7 68.0 - 2.93 0.80 0.02 0.50
----------------------------------------------------------------------
----------------------------------------------------------------------
PND-06-146 110.2 121.5 11.3 0.10 4.27 0.79 0.13 0.50
----------------------------------------------------------------------
PND-06-147 289.5 412.2 122.7 0.35 4.92 1.28 0.05 0.30
---------------------------------------------------------
325.5 406.2 80.7 0.42 5.54 1.59 0.05 1.00
---------------------------------------------------------
---------------------------------------------------------
446.9 473.4 26.5 0.40 4.14 1.50 0.05 0.50
----------------------------------------------------------------------
----------------------------------------------------------------------
PND-06-148 3.6 164.9 161.3 3.27 0.60 0.03 0.30
---------------------------------------------------------
3.6 43.6 40.0 2.96 0.66 0.04 0.50
---------------------------------------------------------
81.6 115.6 34.0 3.05 0.76 0.02 0.50
---------------------------------------------------------
127.6 153.8 26.2 3.61 0.64 0.03 0.50
----------------------------------------------------------------------
----------------------------------------------------------------------
PND-06-149 45.3 131.8 86.5 0.18 6.13 1.08 0.10
---------------------------------------------------------
45.3 87.9 42.6 0.20 7.35 1.12 0.16 0.50
---------------------------------------------------------
56.6 87.9 31.3 0.21 6.45 1.27 0.12 1.00
---------------------------------------------------------
87.9 131.8 43.9 0.16 4.95 1.04 0.05 0.50
---------------------------------------------------------
95.9 111.9 16.0 0.20 5.80 1.48 0.05 1.00
----------------------------------------------------------------------
----------------------------------------------------------------------
PND-06-150
15.5 23.5 8.0 0.00 5.35 0.53 0.53 0.30
----------------------------------------------------------------------
----------------------------------------------------------------------
PND-06-151 36.7 44.7 8.0 0.24 9.88 0.37 0.09 0.30
---------------------------------------------------------
44.7 74.7 30.0 0.10 4.49 0.38 0.07 0.30
----------------------------------------------------------------------
----------------------------------------------------------------------
PND-06-152 15.15 91.25 76.1 4.24 0.36 0.04 0.30
---------------------------------------------------------
15.15 39.15 24.0 5.32 0.35 0.07 0.30
---------------------------------------------------------
55.15 91.25 36.1 3.98 0.41 0.03 0.30
----------------------------------------------------------------------
----------------------------------------------------------------------
PND-06-153 37.4 49.8 12.4 0.08 5.65 0.44 0.23 0.30
----------------------------------------------------------------------
----------------------------------------------------------------------
PND-06-154 42.4 83.4 41.0 1.74 0.51 0.01 0.30
----------------------------------------------------------------------
----------------------------------------------------------------------

Note: True width for the Northern Blanket is estimated to be 63 to 100% of
the drilled length, except for holes 124 and 147 where true width is
estimated at 34 to 38%. True width for the Gaby Breccia is estimated to be
30 to 95% of the drilled length.


Contact Information

  • Tiomin Resources Inc.
    Jean Charles Potvin
    CEO
    (416) 350-3779 ext. 227
    or
    Tiomin Resources Inc.
    Robert Jackson
    President
    (416) 350-3779 ext. 230
    Website: www.tiomin.com