Western Silver Corporation
TSX : WTC
AMEX : WTZ

Western Silver Corporation

August 11, 2005 08:00 ET

Western Silver Phase 13 Drill Results; Infill Drilling will be Incorporated into Reserve Calculation for Full Feasibility Study

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Aug. 11, 2005) - Western Silver Corporation (TSX:WTC)(AMEX:WTC) today announced assay results from twenty-nine holes and three extensions totaling 24,067 meters of Phase 13 drilling completed in the second quarter 2005 at its wholly-owned Penasquito silver, gold, zinc and lead property in central Mexico.

Twenty infill holes (including the three extensions) were completed within the Penasco ore body and will be used to update the resource model. The significant thicknesses of oxide and sulfide mineralization reported below will result in a further transfer of inferred resources into the measured and indicated categories and will be incorporated into the reserve calculation for the full feasibility study. Of particular note are holes WC-234, WC-244 and WC-249 that extend mineralization to the southwest. Hole WC-249 drilled due north at -60 degrees contains a 567 meter mineralized interval starting at 74 meters that averages 0.69 g/t gold, 33 g/t silver, 0.28% lead and 0.76% zinc.

Seven holes drilled along the north contact of the Outcrop breccia at Penasco continue to intersect narrow zones of structurally controlled high-grade gold-silver-lead-zinc mineralization both along the breccia contact and within adjacent Caracol sediments. Hole WC-228 drilled due east at -60 degrees contains a two-meter interval averaging 53 g/t gold and 807 g/t silver; hole WC-233 drilled due north at -60 degrees intersected two meters averaging 1.41 g/t gold, 817 g/t silver, 22.3% lead and 27.2% zinc.

Four holes completed at El Sotol and one hole at the Azul breccia intersected weak to moderate mineralization.

An additional 13,757 meters of Phase 14 drilling in 22 holes, primarily infill drilling at Penasco, were completed by the end of July. Samples are currently being assayed. Phase 13 drilling and part of Phase 14 drilling will be included in the feasibility study due to be released early in the fourth quarter of this calendar year. Phase 15 drilling will resume the week of August 15. Targets will include geophysical anomalies around the Penasco and Chile Colorado deposits and other nearby prospects.

Assay results for holes WC-228 through WC-256, as well as extensions of WC-219, WC-226 and WC-227, are reported in this release. A map with hole locations may be found on Western Silver's website at www.westernsilvercorp.com.

Dr. Thomas Patton and James Marlow, P.Eng., are the qualified persons responsible for the preparation of this release in accordance with NI-43-101.

Western Silver Corporation is a publicly-traded mineral exploration company focused on discovering and developing silver properties in the Americas. The Company's primary project, the 100%-owned Penasquito property in central Mexico, is emerging as a silver-gold-lead-zinc district with significant exploration upside. The Chile Colorado deposit at Penasquito has been independently confirmed as one of the largest undeveloped silver deposits in the world and is economic at conservative metal prices. An independent resource calculation has also been released for the nearby Penasco deposit. Western Silver also has an interest in the world class San Nicolas zinc-copper project in Mexico with Teck Cominco and owns the Carmacks Copper Project in the Yukon.

On behalf of the board,

F. Dale Corman, Chairman and C.E.O.



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Hole Zone From-To Interval Interval Au Ag Pb Zn
(m) (m) (ft) (g/t) (g/t) (%) (%)
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WC-219 Penasco
Ext. Infill 481.28-728 246.72 809.24 0.80 20 0.05 0.76
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528-602 74.00 242.72 2.04 30 0.04 1.17
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WC-226 Penasco
Ext. infill 506-658 152.00 498.56 1.16 9 0.02 0.15
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WC-227 Penasco
Ext. infill 530-875.08 345.08 1131.86 0.23 64 0.56 1.23
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WC-228 Penasco
N. contact 388-400 12.00 39.36 0.58 41 0.82 1.15
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includes 394.26-395 0.74 2.43 3.34 374 8.20 9.38
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462-466 4.00 13.12 30.16 492 0.45 1.49
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includes 462-464 2.00 6.56 53.00 807 0.15 0.41
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520-604 84.00 275.52 0.76 25 0.13 0.40
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includes 600-602 2.00 6.56 16.60 591 0.22 0.88
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WC-229 Penasco
infill 146-302 156.00 511.68 0.45 13 0.14 0.27
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340-867.16 527.16 1729.08 0.66 29 0.24 0.56
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includes 528-610 82.00 268.96 2.39 60 0.25 0.92
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includes 530-534 4.00 13.12 14.50 412 0.64 2.03
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WC-230 Penasco
infill 18.29-38(i) 19.71 64.65 0.20 38 0.36 0.21
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38-372 334.00 1095.52 0.31 28 0.35 0.60
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450-462 12.00 39.36 0.95 40 0.06 0.52
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506-800 294.00 964.32 2.30 29 0.13 0.40
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includes 512-586 74.00 242.72 7.01 60 0.17 0.81
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WC-231 Penasco
infill 94-887.27 793.27 2601.93 0.52 54 0.53 1.24
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includes 362-450 88.00 288.64 1.83 73 0.37 1.10
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WC-232 Penasco
infill 76-124 48.00 157.44 0.36 19 0.52 0.49
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136-711.85 575.85 1888.79 0.45 36 0.47 0.94
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WC-233 Penasco
N. Contact 348-594 246.00 806.88 0.33 25 0.46 0.69
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includes 442-454 12.00 39.36 0.80 214 5.64 7.28
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includes 446-448 2.00 6.56 1.41 817 22.30 27.20
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includes 560.8-
561.25 0.45 1.48 5.24 560 10.45 7.73
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WC-234 Penasco
infill 116-172 56.00 183.68 0.14 27 0.46 0.83
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256-720 464.00 1521.92 0.54 27 0.31 0.54
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includes 368-380 12.00 39.36 3.28 173 1.54 3.63
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WC-235 Penasco
infill 15.24-
224(i) 208.76 684.73 0.31 19 0.20 0.30
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includes 96-170(i) 74.00 242.72 0.45 28 0.26 0.30
298-438 140.00 459.20 0.47 10 0.03 0.25
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WC-236 Penasco
infill 190-360 170.00 557.60 0.14 16 0.23 0.61
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WC-237 Penasco 335.5-
N. Contact 335.8 0.30 0.98 12.35 532 8.76 16.10
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458-462.3 4.30 14.10 1.63 90 0.69 1.11
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includes 462.1-
462.3 0.20 0.66 7.71 538 8.24 11.10
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WC-238 Penasco
infill 76-100(i) 24.00 78.72 0.14 39 0.61 0.31
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158-178.2 20.20 66.26 0.65 39 0.28 0.30
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208-471.83 263.83 865.36 0.36 14 0.15 0.43
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includes 208-272 64.00 209.92 0.76 26 0.33 0.85
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WC-239 Penasco
N. Contact 370-372 2.00 6.56 1.13 107 1.85 5.48
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494-538 44.00 144.32 0.45 128 2.78 2.15
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includes 494-498 4.00 13.12 0.76 246 6.54 6.96
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includes 523-530.85 7.85 25.75 1.08 406 8.81 3.91
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600-700 100.00 328.00 0.77 23 0.24 0.43
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includes 676-678 2.00 6.56 7.17 272 1.86 3.51
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WC-240 Penasco
infill 84-478 394.00 1292.32 0.17 10 0.14 0.32
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WC-241 Penasco
infill 82-422 340.00 1115.20 0.39 16 0.17 0.37
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WC-242 El Sotol 82-188 106.00 347.68 0.23 17 0.24 0.50
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270-296 26.00 85.28 0.20 32 0.52 0.74
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WC-243 Penasco
infill 60-156 96.00 314.88 0.25 21 0.22 0.30
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262-382 120.00 393.60 0.13 12 0.10 0.39
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WC-244 Penasco
infill 66-688 622.00 2040.16 0.63 47 0.29 0.73
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378-472 94.00 308.32 1.31 73 0.56 1.27
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WC-245 Penasco
N. Contact 358-364 6.00 19.68 0.67 163 3.04 4.07
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476-478 2.00 6.56 1.06 128 3.96 10.25
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WC-246 El
Sotol 288-462 174.00 570.72 0.48 5 0.02 0.30
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WC-247 Penasco
infill 76-230 154.00 505.12 0.19 21 0.27 0.42
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280-585.52 305.52 1002.11 1.21 40 0.30 0.81
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includes 410-490 80.00 262.40 2.13 61 0.35 1.03
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WC-248 Penasco
infill 9.8-74(i) 64.20 210.58 0.27 33 0.33 0.31
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includes 36-62(i) 26.00 85.28 0.50 65 0.58 0.20
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74-280 206.00 675.68 0.34 28 0.34 0.55
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320-360 40.00 131.20 0.50 12 0.24 0.78
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422-791.26 369.26 1211.17 0.58 57 0.39 1.06
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WC-249 Penasco
infill 74-640.99 566.99 1859.73 0.69 33 0.28 0.76
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includes 480-522 42.00 137.76 3.17 78 0.25 1.40
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WC-251 Penasco
N. Contact 330-338 8.00 26.24 0.11 24 0.48 2.81
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includes 331.5-
332.45 0.95 3.12 0.41 124 2.64 21.30
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388-390 2.00 6.56 0.54 181 3.57 3.01
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440-450 10.00 32.80 0.39 38 0.97 1.62
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480-594 114.00 373.92 0.43 31 0.44 0.74
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includes 576-582 6.00 19.68 1.50 185 2.64 4.39
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668-670 2.00 6.56 2.35 138 1.73 2.95
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WC-252 Penasco
infill 58-274 216.00 708.48 0.39 33 0.46 0.81
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292-745.24 453.24 1486.63 0.40 26 0.23 0.55
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WC-253 El
Sotol 34-72 38.00 124.64 0.50 34 0.54 0.28
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72-172 100.00 328.00 0.38 17 0.27 0.68
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218-242 24.00 78.72 0.58 35 0.64 1.67
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Wc-254 Azul
Breccia 176-308 132.00 432.96 0.18 24 0.11 0.15
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344-460 116.00 380.48 0.21 33 0.45 0.87
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WC-255 Penasco
N. Contact 186-188 2.00 6.56 0.47 124 2.42 1.84
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256-258 2.00 6.56 0.07 96 2.12 4.48
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WC-256 Penasco
infill 220-276 56.00 183.68 0.22 14 0.22 0.45
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556-696 140.00 459.20 0.12 20 0.20 0.53
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(i) oxide mineralization
WC-250 (El Sotol) does not contain significant values.


Core and RC samples were prepped and analyzed by ALS Chemex. Samples were initially run using conventional ICP analysis with an aqua regia digestion process. A series of property specific standards and blanks were routinely submitted with each batch of samples. A 30 gram fire assay with gravimetric finish was run on all samples for gold and silver. Samples containing more than 1% lead or zinc were analyzed using AA with aqua regia digestion. Samples with greater than 5g/t gold were rerun by screen and fire assay at ALS Chemex using new 1000 gram pulps Screen and fire assays for the high grade gold values reported in holes WC-228, WC-229 and WC-247 have not been received as of the date of this news release and may be subject to revision.

Statements contained in this news release that are not historical facts are forward-looking statements as that term is defined in the private securities litigation reform act of 1995. Such forward-looking statements are subject to risks and uncertainties which could cause actual results to differ materially from estimated results. Such risks and uncertainties are detailed in the Company's filings with the Securities and Exchange Commission.

The Toronto Stock Exchange has not reviewed nor accepted responsibility for the adequacy or accuracy of the contents of this news release, which has been prepared by management.

Contact Information

  • Western Silver Corporation
    Tom Patton
    President and COO
    (604) 638-2504
    or
    Western Silver Corporation
    Gerald Prosalendis
    VP Corporate Development
    (604) 638-2495
    www.westernsilvercorp.com