West Timmins Mining Inc.
TSX : WTM

West Timmins Mining Inc.

July 18, 2007 08:00 ET

West Timmins Acquires One of Mexico's Highest Grade Historic Gold Producers: Historically Reported Production Grades of 95 g/t Gold (2.8 oz/ton) and 850 g/t Silver (24.8 oz/ton)

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 18, 2007) - West Timmins Mining Inc. (TSX:WTM) announced today that its wholly owned Mexican subsidiary, Minera Golondrina S. de. R.L. de C.V., has finalized an agreement to purchase a 100% interest in the Lluvia de Oro gold-silver mine and surrounding exploration grounds in southern Chihuahua, Mexico. Lluvia de Oro is located in the Three States Mineral District, 32 kilometres east of the Company's Montana de Oro project and 15 kilometres west of Goldcorp's lowest cost gold producer, the El Sauzal Mine. The Lluvia de Oro Mine was, like Montana de Oro, part of the National Mineral Reserve of Mexico for the past 26 years.

The Lluvia de Oro mine produced approximately 100,000 tonnes of high-grade gold and silver ores between 1899 and 1915 from shallow underground workings ranging from 2.0 to 20.5 metres in width. Historically reported production grades averaged 95 g/t gold (2.8 oz/ton) and 850 g/t silver (24.8 oz/ton). Gold-silver mineralization was produced both from broad, silicified mantos and individual veins, including the Chivo vein which averaged 12 metres in width and returned average grades reported at 86 g/t gold (2.5 oz/ton) and 1,714 g/t silver (50.0 oz/ton).

Production ceased following the Mexican revolution, save for a brief period of high-grade pillar recovery during the 1950s. During the 1980s the Mexican Geological Survey conducted limited exploration work on the property including a surface trenching program. Bulk trench sample results, verified by an independent commercial laboratory, are reported by the Survey to have returned 35 metres grading 4 g/t gold and 29 g/t silver and 20 metres grading 5.6 g/t gold and 51 g/t silver. No exploration work has been completed on the property since that time.

"West Timmins is extremely pleased to have been able to add another gold exploration project of this calibre to our Mexican project portfolio," said Darin Wagner, President of West Timmins Mining. "The proximity to our Montana de Oro project will allow both projects to be explored from the same base of operations."

West Timmins Mining can acquire a 100% undivided interest in the Lluvia de Oro project by making cash payments totalling 6,050,000 Mexican Pesos (CDN $585,783) in five equal instalments over 30 months. The right to purchase the project was initially acquired at auction from the Government of Mexico by consulting group Minera Cascabel S.A de C.V. and vended to West Timmins under the terms of a first right of refusal agreement between WTM and Minera Cascabel. Minera Cascabel will receive, subject to regulatory and board approvals, a finder's fee of 100,000 common shares in conjunction with the acquisition of the Lluvia de Oro project. A 1% NSR royalty is reserved in favour of the Government of Mexico.

The Company is currently compiling all of the available historic information on the Lluvia de Oro Project and has initiated a geochemical sampling program of the project area. Mr. Darin Wagner (M.Sc., P.Geo.), the Company's President, has acted as qualified person for this news release. The qualified person has visited the property and examined the historic information on the project made available by the Government of Mexico.

About West Timmins Mining Inc. (www.westtimminsmining.com):

West Timmins Mining Inc. is focused on exploring and developing district scale gold and related base metal projects in North America. West Timmins Mining is the largest land holder in the West Timmins district, adjacent to the 70 million ounce Timmins Gold Camp in Ontario, Canada. The Company is currently in the midst of a 10,000 metre diamond drilling program on its West Timmins Gold Project. West Timmins Mining Inc. is also active in the Sierra Madre gold belt in Mexico, home to the Company's Montana de Oro and Yoquivo projects. Drill testing is on-going on the Montana de Oro project which hosts the La Dura polymetallic discoveries. West Timmins is based in Vancouver, British Columbia, Canada and trades on the Toronto Stock Exchange under the symbol WTM.

On behalf of the Board of West Timmins Mining Inc.

Darin W. Wagner, President and Chief Executive Officer

For further detail on West Timmins Mining Inc. please refer to prior disclosure at www.SEDAR.com.

The securities described in this press release have not been and will not be registered under the United States Securities Act of 1933, as amended, or under any U.S. state securities laws, and such securities may not be offered or sold in the United States absent an exemption from such registration requirements.

This press release contains forward looking statements within the meaning of applicable under Canadian and U.S. securities regulation, including statements regarding the future activities of the Company. Forward looking statements reflect the current beliefs and expectations of management and are identified by the use of words including "will", "expected to", "plans" and other similar words. Actual results may differ significantly. The achievement of the results expressed in forward looking statements is subject to a number of risks, including those described in the company's annual information form as filed with the Canadian securities regulators which are available at www.sedar.com. Investors are cautioned not to place undue reliance upon forward looking statements.

The TSX has not reviewed and does not accept responsibility for the accuracy or adequacy of this news release, which has been prepared by management.

Contact Information

  • West Timmins Mining Inc.
    Darin W. Wagner
    President & CEO
    (604) 685-8311 or Toll Free: 1-866-685-8311
    Website: www.westtimminsmining.com