-- Posted Wednesday, 6 August 2008 | Digg This Article | Source: GoldSeek.com
32 Hole, 2,700 Meter Rc Drill Program Commences At Cocula Property, Jalisco, Mexico
Timmins Gold Corp (TMM.v) announces it has completed a comprehensive trenching and sampling program at its Cocula Project located 50 kilometers west of Guadalajara, Jalisco, Mexico. The results include 2.398 g/t Au across 136 meters, including a high grade core grading 5.506 g/t Au across 50 meters, 2.080 g/t Au across 19 meters and 2.087 g/t Au across 18 meters. Based upon the encouraging results from the sampling of the seven trenches the Company has commissioned a 32 hole, 2,700 meter reverse circulation drill program.
The table below summarizes the results of the 302 samples taken (samples taken from trenches 1, 2 and 3 were at 1 meter, continuous intervals from the bottom of each trench while samples taken from trenches 4, 5, 6 and 7 were at 2 meter, continuous intervals from the bottom of each trench):
TABLE OF ASSAYS OF THE CHANNEL SAMPLING ALONG THE TRENCHES.
The 302 channel samples were taken from seven trenches excavated along 400 meters of strike. The trenches, 2 meters deep, 25 to 250 meters long and 25 and 100 meters apart, were all cut perpendicular to the principal trend of the mineralization. The mineralization is hosted in two highly oxidized and brecciated zones known as the Cerro Colorado and La Chabela stockwork zones. It is important to note that while the mineralized system has been traced for over three kilometers, this detailed mapping and sampling of the trenches concentrated on only 400 meters of strike length. The program identified the zones of alteration and the distribution of the precious and base metal along the entire 400 meters sampled.
The high grade gold, silver, lead and zinc stockwork mineralization appears to be associated with a north west-south east trending system of quartz veins hosted in a sequence of volcanic (andesite) and intrusive (granodiorite) rocks. The emplacement of the granodiorite appears to be responsible for the brecciation along the volcanic-intrusive contact. This breccia zone provided the conduit for the hydrothermal fluids and created the favourable structures that allowed the deposition of the precious and base metals. While the gold, silver and base metal mineralization has been traced on the Cocula Property for at least 1.5 kilometers the regional trend appears to continue along strike for several kilometers in both directions.
Timmins technical staff are encouraged by the results from both the surface and trench sampling programs and have made evaluation of the economic potential of the Cocula Property a high priority. A 32 hole, 2,700 meter reverse circulation drill program has been initiated to test the down dip extension of the mineralized zone along 1 kilometer of strike. True widths along this zone vary from 300 meters in the northwest to 20 meters in the southeast. Detailed mapping and sampling is continuing over rest of the property to help identify extensions to the known system and parallel structures. The use of various geophysical and geochemical applications, including induced polarization and soil sampling to help identify parallel structures currently masked by the alluvial cover are also being contemplated.
Qualified Person
Pursuant to National Instrument 43-101, Darcy Krohman, P.Geo., C.A,. Executive Vice-President and CFO of Timmins Gold Corp. is the Qualified Person (QP) responsible for the disclosure in this news release. Field work has been conducted by Timmins Gold Corp. employees and contractors.
Alex Tsakumis Corporate Development Vancouver, B.C. Tel: (604) 638-8976 alex@timminsgold.com
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
This News Release contains forward-looking statements. Forward-looking statements are statements which relate to future events. In some cases, you can identify forward-looking statements by terminology such as "may", "should", "expects", "plans, "anticipates", believes", "estimates", "predicts", "potential", or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, level of activity, performance or achievements to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking statements.
While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect out current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggestions herein. Except as required by applicable law, Timmins Gold does not intend to update any forward-looking statements to conform these statements to actual results.
-- Posted Wednesday, 6 August 2008 | Digg This Article | Source: GoldSeek.com
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