-- Posted Tuesday, 17 February 2009 | Digg This Article
| Source: GoldSeek.com
VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Feb 17, 2009 -- Timmins Gold (CDNX:TMM.V - News) announces the assay results of a 26 hole, 1,974 meter reverse circulation drill program at its Cocula Project in the state of Jalisco, Mexico. Highlights of the program include Hole RCC-01 which intersected 1.30 g/t gold and 13 g/t silver across 37.5 meters from surface, including 9.40 g/t gold and 22 g/t silver across 4.5 meters. Other important intercepts include Hole RCC-02, which intersected 1.22 g/t gold and 34 g/t silver across 4.5 meters, Hole RCC-03 which intersected 0.77 g/t gold and 10 g/t silver across 13.50 meters, Hole RCC-09 which intersected 0.72 g/t gold and 8.7 g/t silver across 54 meters, Hole RCC-10 which intersected 1.20 g/t gold and 13 g/t silver across 37.50 meters from surface, Hole RCC-17 which intersected 1.41 g/t gold across 10.50 meters and Hole RCC-19 which intersected 1.10 g/t gold and 17 g/t silver across 9 meters. All widths are estimated to be true widths. Complete assay and analytical results from the above holes are shown in the table below.
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Start Finish Interval Au Ag
HOLE # (m) (m) (m) g/t g/t
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RCC-01 0.00 37.50 37.50 1.30 13.0
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Includes 0.00 7.50 7.50 5.80 21.0
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Includes 0.00 4.50 4.50 9.40 22.0
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RCC-02 0.00 19.50 19.50 0.40 13.0
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Includes 7.50 18.00 10.50 0.70 21.0
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Includes 10.50 15.00 4.50 1.22 34.0
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RCC-03 0.00 48.00 48.00 0.37 5.0
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Includes 4.50 18.00 13.50 0.77 10.0
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Includes 7.50 15.00 7.50 1.10 14.4
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RCC-09 0.00 54.00 54.00 0.72 8.9
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Includes 24.00 34.50 10.50 1.80 11.0
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Includes 39.00 52.50 13.50 1.40 17.5
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And 60.00 64.50 4.50 0.15 2.6
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RCC-10 0.00 37.50 37.50 1.20 13.0
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Includes 12.00 18.00 6.00 3.10 8.4
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Includes 24.00 36.00 12.00 2.00 27.0
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RCC-17 4.50 15.00 10.50 1.41 2.2
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Includes 4.50 9.00 4.50 3.04 2.3
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RCC-19 0.00 25.50 25.50 0.44 6.8
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Includes 6.00 15.00 9.00 1.10 17.0
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And 36.00 40.50 4.50 0.11 1.0
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The drill program confirmed the existence of an oxidized breccia cap on top of a granitic stock, which outcrops along an identified strike length of 1,600 meters and which varies in thickness from 10 to 60 meters from surface, with a width across the strike of 6 to 150 meters. The gold and silver mineralization is contained in a set of semi parallel quartz veins and veinlets within a breccia consisting of fragments of andesitic rocks affected by the system of veins and veinlets. The vein system appears to be the source of the mineralization.
Timmins Gold technical staff and management are confident that the drill program has identified a bulk tonnage target with a potential low strip ratio. The Company plans to continue with surface sampling and trenching to delineate the breccia zone, followed by further reverse circulation drilling.
Qualified Person
Pursuant to National Instrument 43-101, Lawrence A. Dick, Phd, P.Geo 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.
We seek Safe Harbor.
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 our 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.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Contact:
Contacts:
Timmins Gold Corp.
Bruce Bragagnolo, LLB
CEO
(604) 638-8980
Email: bruce@timminsgold.com
Timmins Gold Corp. - Investor Relations
Leighton Bocking
Corporate Development
(604) 638-8977
Email: leighton@timminsgold.com
Timmins Gold Corp. - Investor Relations
Alex Tsakumis, BA
Corporate Development
(604) 638-8976
Email: alex@timminsgold.com
Website: http://www.timminsgold.com
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Source: Timmins Gold Corp.
-- Posted Tuesday, 17 February 2009 | Digg This Article | Source: GoldSeek.com
