Western Silver Corporation
TSX : WTC
AMEX : WTZ

Western Silver Corporation

September 07, 2005 12:09 ET

Western Silver Phase 14 Drill Results; Infill Drilling Continues to Expand Southwest Penasco Zone

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Sept. 7, 2005) - Western Silver Corporation (TSX:WTC)(AMEX:WTZ) today announced Phase 14 assay results (22 holes totaling 13,797 meters) from its wholly-owned Penasquito silver, gold, zinc and lead property in central Mexico. Phase 14 drilling, as well as previously released Phase 12 and Phase 13 results, will be included in the feasibility study due to be released early in the fourth quarter of this calendar year. The Phase 15 program is underway, with continued infill drilling at Penasco and testing of geophysical anomalies around the Penasco and Chile Colorado deposits. The results of the drilling from Phases 12, 13 & 14 will significantly improve our understanding of the Penasco resource. In particular the results extend the mineralization to zones previously assumed to be unmineralized and increase the confidence level in other mineralized zones. This is expected to increase the reserve tonnages for the feasibility study.

The five holes drilled in the southwest Penasco zone (WC-264, WC-268, WC-274, WC-276 and WC-278) all intersected thick intervals of gold, silver, lead and zinc mineralization. WC-264, an infill hole drilled due north at -60 degrees between holes WC-244 and WC-249, intersected 672 meters beginning at 84 meters averaging 1.12 g/t gold, 32 g/t silver, 0.27 % lead and 0.80 % zinc. Included within this intercept is a 114 meter zone beginning at 364 meters averaging 4.11 g/t, 74 g/t silver, 0.52 % lead and 2.04 % zinc. WC-276, drilled to the west at -60 degrees, is continuously mineralized from 46 meters to hole bottom, including a 648 meter interval starting at 102 meters that averages 0.88 g/t gold, 35 g/t silver, 0.38% lead and 0.99% zinc. Hole WC-268, the most southerly hole drilled at Penasco to date, was drilled due north at -60 degrees and intersected 390 meters beginning at 212 meters that averages 1.42 g/t gold, 48 g/t silver, 0.11% lead and 1.9% zinc. Six other infill holes (WC-259, WC-260, WC-265, WC-266 WC-271 and WC-273) were completed within the Penasco deposit with good results, most notably WC-271 and WC-273 on the east side.

Two of the three holes drilled due north at -60 degrees along the north contact of the Outcrop breccia at Penasco (WC-257, WC-262 and WC-269) intersected high grade mineralization at the breccia -Caracol contact: WC-262, 1.3 meters averaging 2.59 g/t gold, 432 g/t silver, 12.85% lead and 12.90% zinc; and WC-269, 4.0 meters averaging 5.16 g/t gold, 175 g/t silver, 2.67% lead and 3.91% zinc, including a 0.25 meter interval of 28.7 g/t gold, 898 g/t silver, 14.4% lead and 30.0 % zinc.

Four holes completed at the Azul breccia and two holes drilled in the southeast El Sotol prospect intersected weak to moderate mineralization. Hole WC-270, drilled between the Outcrop and Azul breccias, did not intersect significant mineralization.

Assay results for holes WC-257 through WC-278, excluding hole WC-277, are reported in this release. An updated 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.

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.



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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-257 Penasco
N. Contact 266.00-272.00 6.00 19.68 1.24 90 0.97 5.01
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366.00-606.00 240.00 787.20 0.37 16 0.20 0.34
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includes 534.00-552.00 18.00 59.04 1.60 41 0.39 1.12
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WC-258 CSAMT
anomaly 100.00-106.00 6.00 19.68 0.75 38 0.30 0.37
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264.00-326.00 62.00 203.36 0.11 35 0.66 0.79
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includes 276.00-286.00 10.00 32.80 0.30 99 1.98 3.08
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400.00-506.00 106.00 347.68 0.41 11 0.12 0.41
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WC-259 Penasco
infill 128.00-204.00 76.00 249.28 0.25 19 0.22 0.30
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230.00-300.00 70.00 229.60 0.21 20 0.28 0.43
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316.00-438.00 122.00 400.16 0.21 19 0.27 0.46
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WC-260 Penasco
infill 26.00-152.00 126.00 413.28 0.25 24 0.29 0.23
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228.00-812.42 584.42 1916.90 0.46 52 0.51 1.24
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includes 228.00-298.00 70.00 229.60 0.42 25 0.48 0.60
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298.00-370.00 72.00 236.16 0.99 33 0.42 0.90
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418.00-486.00 68.00 223.04 0.58 25 0.19 0.52
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486.00-688.00 202.00 662.56 0.23 74 0.81 2.09
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718.00-812.42 94.42 309.70 0.32 79 0.39 1.10
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WC-261 Azul
breccia 158.00-352.00 194.00 636.32 0.17 24 0.09 0.24
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216.00-270.00 54.00 177.12 0.30 44 0.11 0.43
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WC-262 Penasco
N. Contact 39.62-50.00# 10.38 34.05 0.81 46 0.84 0.41
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380.00-434.00 54.00 177.12 0.42 25 0.26 0.59
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442.00-594.00 152.00 498.56 0.65 27 0.40 0.99
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includes 490.00-508.55 18.55 60.84 2.50 107 2.03 4.04
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includes 507.25-508.55 1.30 4.26 2.59 432 12.85 12.90
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508.55-594.00 85.45 280.28 0.40 9 0.08 0.51
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WC-263 CSAMT
anomaly 300.00-314.00 14.00 45.92 0.63 86 0.74 1.58
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includes 308.00-312.00 4.00 13.12 1.85 270 2.01 4.41
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356.00-358.00 2.00 6.56 2.88 269 0.47 0.95
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454.00-470.00 16.00 52.48 1.49 53 0.39 0.73
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includes 456.00-458.00 2.00 6.56 6.47 207 1.76 2.99
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WC-264 SW
Penasco 84.00-756.00 672.00 2204.16 1.12 32 0.27 0.80
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includes 84.00-296.00 212.00 695.36 0.31 22 0.25 0.50
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364.00-478.00 114.00 373.92 4.11 74 0.52 2.04
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478.00-756.00 278.0 911.84 0.62 20 0.12 0.47
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WC-265 Penasco
infill 40.00-142.00# 102.00 334.56 0.25 22 0.24 0.48
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includes 84.00-142.00# 58.00 190.24 0.40 29 0.31 0.50
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142.00-490.00 348.00 1141.44 0.37 9 0.09 0.21
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includes 206.00-238.00 32.00 104.96 0.93 22 0.23 0.43
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WC-266 Penasco
infill 9.14-122.00# 112.86 370.18 0.11 27 0.38 0.62
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142.00-182.00 40.00 131.20 1.16 72 1.12 1.24
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includes 180.01-180.45 0.44 1.44 56.20 2720 29.30 1.75
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236.00-264.00 28.00 91.84 0.22 32 0.43 0.85
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282.00-549.55 267.55 877.56 0.28 15 0.09 0.25
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WC-267 Azul
breccia 144.00-196.00 52.00 170.56 0.11 16 0.25 0.27
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WC-268 SW
Penasco 212.00-602.00 390.00 1279.20 1.42 48 0.11 1.90
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602.00-662.00 60.00 196.80 0.29 17 0.02 0.10
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662.00-682.00 20.00 65.60 5.11 97 0.02 0.47
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682.00-821.44 139.44 457.36 0.26 26 0.03 1.24
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WC-269 Penasco
N. Contact 408.00-594.00 186.00 610.08 0.50 24 0.40 0.77
---------------------------------------------------------------------
includes 488.00-492.00 4.00 13.12 5.16 175 2.67 3.91
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includes 489.65-489.90 0.25 0.82 28.70 898 14.40 30.00
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WC-271 Penasco
infill 222.00-264.00 42.00 137.76 0.88 115 0.32 0.46
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272.00-671.78 399.78 1311.28 1.16 22 0.26 0.69
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includes 272.00-312.00 40.00 131.20 0.51 15 0.24 0.50
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312.00-382.00 70.00 229.60 0.88 44 0.94 1.70
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382.00-456.00 74.00 242.72 0.53 29 0.15 0.41
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456.00-504.00 48.00 157.44 3.63 27 0.15 0.85
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504.00-522.00 18.00 59.04 0.72 7 0.09 0.23
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522.00-572.00 50.00 164.00 1.74 12 0.11 0.41
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572.00-671.78 99.78 327.28 0.68 10 0.05 0.41
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WC-272 Azul
breccia 150.00-286.00 136.00 446.08 0.18 9 0.04 0.38
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396.00-408.00 12.00 39.36 0.53 35 0.07 0.74
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WC-273 Penasco
infill 246.00-702.56 456.56 1497.52 0.56 22 0.22 0.80
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includes 246.00-402.00 156.00 511.68 0.31 13 0.16 0.37
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402.00-482.00 80.00 262.40 0.73 40 0.72 2.17
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482.00-572.00 90.00 295.20 0.49 27 0.10 0.26
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572.00-598.00 26.00 85.28 2.97 32 0.24 2.40
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598.00-702.56 104.56 342.96 0.28 16 0.04 0.48
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WC-274 SW
Penasco 62.00-294.44 232.44 762.40 0.71 47 0.42 1.76
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includes 62.00-164.00 102.00 334.56 0.24 32 0.50 0.94
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164.00-294.44 130.44 427.84 1.08 59 0.37 2.41
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WC-275 Azul
breccia 278.00-300.00 22.00 72.16 0.78 13 0.03 1.06
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324.00-344.00 20.00 65.60 0.79 26 0.21 0.68
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WC-276 SW
Penasco 46.00-102.00# 56.00 183.68 0.31 29 0.37 0.24
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102.00-750.00 648.00 2125.44 0.88 35 0.38 0.99
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includes 102.00-234.00 132.00 432.96 0.38 22 0.37 0.67
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234.00-342.00 108.00 354.24 1.45 67 0.75 2.28
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342.00-464.00 122.00 400.16 0.63 26 0.29 0.50
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464.00-482.00 18.00 59.04 1.34 81 1.22 2.10
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482.00-524.00 42.00 137.76 0.57 33 0.39 0.55
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524.00-536.00 12.00 39.36 1.89 105 0.56 1.51
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536.00-604.00 68.00 223.04 0.54 18 0.19 0.46
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604.00-644.00 40.00 131.20 2.75 53 0.23 2.29
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644.00-750.00 106.00 347.68 0.37 15 0.13 0.39
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WC-278 SW
Penasco 88.00-252.00 164.00 537.92 0.23 27 0.35 0.58
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includes 120.00-170.00 50.00 164.00 0.28 46 0.61 1.04
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# oxide mineralization

WC-270 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-262, WC-264 and WC-268 have not been received as of the date of this news release and may be subject to revision.

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
    Dale Corman
    Chairman and CEO
    (604) 638-2501
    or
    Western Silver Corporation
    Tom Patton
    President and COO
    (604) 638-2504
    www.westernsilvercorp.com