Timmins Gold Intersects 38.10 Metres of 5.12 g/t Gold Below Existing Pit Floor of San Francisco Open Pit and 100.06 Metres of 1.00 g/t Gold in the La Chicharra Open Pit
VANCOUVER, BRITISH COLUMBIA--(Marketwire -11/01/11)- Timmins Gold Corp. (TSX: TMM.TO, TMGOF.PK) announces that significant mineralization continues to be intersected in its ongoing July-December, 2011 drill program at the San Francisco Mine, which includes both exploration and infill drilling in and around the San Francisco and La Chicharra open pits. Results from the July-December, 2011 drill program will be incorporated in an updated NI 43-101 Technical Report in early 2012.
A total of approximately 52,000 metres of drilling, including both reverse circulation and core drilling, were completed during the months of August, 2011 and September, 2011. 24,400 metres were drilled in and around the San Francisco open pit distributed over 4 core holes and 85 holes of reverse circulation and 27,600 metres of reverse circulation in and around the La Chicharra pit distributed over 127 drill holes. The La Chicharra pit is located approximately 1.5 kilometres to the west of the San Francisco pit.
Drilling has confirmed the continuity and extensions of the mineralization, both along strike and down dip and below the existing pit floor at both the San Francisco and La Chicharra open pits. In addition, assays received from drilling completed in August and September returned some of the highest grades intercepted to date from the San Francisco pit
Hole TF-1379 which was drilled from the bottom of the San Francisco pit intersected an interval of 38.1 metres grading 5.129 g/t gold including 1.52 metres of 25.42 g/t gold, 15.24 metres of 8.347 g/t gold and ended in an interval of 1.52 metres of 77.348 g/t gold. The current pit bottom is 140 metres from surface and this interval was intersected only 30 metres below the current pit bottom.
Hole TF-1377 intercepted 80.77 metres of 0.822 g/t gold including 1.52 metres of 3.547 g/t gold, 9.14 metres of 3.456 g/t gold and 3.05 metres of 2.075 g/t gold. The hole ended in an intercept of 1.52 metres grading 52.66 g/t gold.
Highlights of selected drill holes from the San Francisco pit are as follows:
Table 1
Significant Assay Results for August and September 2011 from the San Francisco Open Pit
Drill Hole Number
Depth (m)
Section Line
Drill Intersections
From (m)
To (m)
True Width (m)
Au g/t
TF-1375
243.84
720 W
13.72
16.76
3.05
1.567
Includes
13.72
15.24
1.52
2.971
and
129.54
149.35
19.81
1.378
Includes
132.59
135.64
3.05
2.032
Includes
138.68
140.21
1.52
3.061
TF-1376
245.36
880 W
38.10
70.10
32.00
1.031
Includes
42.67
50.29
7.62
2.249
and
167.64
173.74
6.10
1.209
Includes
170.69
172.21
1.52
3.208
TF-1377
274.32
860W
32.00
112.78
80.77
0.822
Includes
32.00
33.53
1.52
3.547
Includes
42.67
51.82
9.14
3.456
Includes
73.15
76.20
3.05
2.075
and
118.87
120.40
1.52
1.113
and
271.27
274.32
3.05
27.745
Includes
272.80
274.32
1.52
55.266
TF-1378
298.7
800 W
12.19
13.716
1.52
1.472
and
62.48
91.44
28.96
1.197
Includes
67.06
70.10
3.05
7.227
Includes
86.87
88.39
1.52
2.277
Includes
108.20
111.25
3.05
2.259
and
188.98
190.5
1.52
1.135
TF-1379
242.32
960W
0.00
15.24
15.24
0.714
and
30.48
68.58
38.10
5.129
Includes
48.77
50.29
1.52
25.422
Includes
53.34
68.58
15.24
8.347
Includes
65.53
67.06
1.52
77.348
TF-1380
303.28
980 W
9.14
12.19
3.05
2.203
Includes
9.14
10.67
1.52
4.246
and
80.77
99.06
18.29
3.777
Includes
83.82
86.87
3.05
3.266
Includes
91.44
92.96
1.52
36.773
TF-1381
304.8
1000 W
7.62
13.72
6.10
4.698
Includes
7.62
12.19
4.57
6.185
and
42.67
44.20
1.52
1.017
TF-1382
289.56
980 W
0.00
22.86
22.86
0.896
Includes
16.76
18.29
1.52
2.022
and
42.67
74.68
32.00
1.036
Includes
53.34
54.86
1.52
4.499
Includes
60.96
68.58
7.62
1.792
TF-1384
277.37
980 W
67.06
68.58
1.52
3.231
and
88.39
89.92
1.52
1.745
and
158.50
170.69
12.19
0.602
Includes
169.16
170.69
1.52
2.914
TF-1385
243.84
740 W
32.00
56.39
24.38
0.937
Includes
32.00
35.05
3.05
5.592
Includes
67.06
68.58
1.52
2.248
Includes
137.16
138.68
1.52
5.631
TF-1386
292.61
980 W
16.76
30.48
13.72
1.071
Includes
16.76
18.29
1.52
2.351
Includes
27.43
28.96
1.52
3.630
and
42.67
60.96
18.29
1.769
Includes
51.82
53.34
1.52
3.530
Includes
56.39
59.44
3.05
8.085
and
73.15
77.72
4.57
1.193
and
82.30
91.44
9.14
2.010
Includes
89.92
91.44
1.52
9.252
and
115.82
124.97
9.14
1.153
Includes
121.92
123.44
1.52
4.552
and
201.17
207.26
6.10
1.143
Includes
202.69
204.22
1.52
2.718
TF-1387
249.84
760 W
50.29
53.34
3.05
2.597
Includes
50.29
51.82
1.52
5.066
and
173.74
181.36
7.62
1.389
Includes
175.26
176.78
1.52
5.548
TF-1388
304.8
980 W
45.72
47.24
1.52
1.277
and
54.86
56.39
1.52
1.257
Includes
96.01
97.54
1.52
2.817
Includes
112.78
114.30
1.52
14.579
TF-1389
237.84
780 W
50.29
103.63
53.34
0.544
Includes
64.01
65.53
1.52
2.319
Includes
80.77
82.30
1.52
2.694
and
134.11
141.73
7.62
0.505
and
175.26
176.78
1.52
1.917
and
182.88
184.40
1.52
0.399
TF-1391
246.89
820 W
30.48
33.53
3.05
2.931
Includes
32.00
33.53
1.52
4.124
and
39.62
82.30
42.67
1.679
Includes
41.15
56.39
15.24
3.559
Includes
64.01
65.53
1.52
2.293
Includes
70.10
71.63
1.52
2.662
and
123.44
126.49
3.05
1.228
Includes
123.44
124.97
1.52
2.169
Includes
155.45
156.97
1.52
2.277
TF-1392
243.84
820 W
4.57
33.53
28.96
1.305
Includes
6.10
7.62
1.52
4.546
Includes
9.14
10.67
1.52
5.968
and
44.20
82.30
38.10
1.110
Includes
60.96
64.01
3.05
2.262
Includes
70.10
71.63
1.52
3.532
Includes
74.68
76.20
1.52
7.992
and
108.20
118.87
10.67
0.551
and
236.22
246.89
10.67
0.574
TF-1393
243.84
700 W
48.77
51.82
3.05
1.639
Includes
50.29
51.82
1.52
2.885
and
91.44
92.96
1.52
3.167
and
155.45
156.97
1.52
1.246
and
242.32
243.84
1.52
0.882
TF-1394
243.84
840 W
0.00
4.57
4.57
1.326
and
16.76
27.43
10.67
0.890
Includes
18.29
19.81
1.52
2.082
and
42.67
59.44
16.76
1.550
Includes
50.29
59.44
9.14
2.056
and
86.87
91.44
4.57
0.723
and
108.20
114.30
6.10
0.837
Includes
109.73
111.25
1.52
2.109
TF-1395
243.84
840W
3.05
9.14
6.10
1.131
Includes
4.57
6.10
1.52
2.418
and
35.05
42.67
7.62
2.913
and
54.86
94.49
39.62
1.586
Includes
57.91
70.10
12.19
4.278
TF-1397
243.84
860 W
18.29
41.15
22.86
0.660
Includes
21.34
22.86
1.52
2.295
Includes
28.96
30.48
1.52
2.436
and
51.82
70.10
18.29
1.234
Includes
51.82
53.34
1.52
2.775
Includes
65.53
67.06
1.52
3.068
Includes
51.82
70.10
18.29
2.725
and
102.11
115.82
13.72
1.708
Includes
109.73
111.25
1.52
13.276
and
120.40
132.59
12.19
0.565
Includes
128.02
129.54
1.52
3.460
and
137.16
144.78
7.62
0.839
Includes
140.21
141.73
1.52
2.868
and
149.35
156.97
7.62
0.605
TF-1398
236.22
660 W
3.05
25.91
22.86
1.266
Includes
3.05
4.57
1.52
3.988
Includes
6.10
7.62
1.52
2.679
Includes
10.67
12.19
1.52
7.069
and
85.34
109.73
24.38
1.309
Includes
86.87
88.39
1.52
2.374
Includes
97.54
105.16
7.62
2.428
and
163.07
172.21
9.14
0.757
Includes
166.12
167.64
1.52
2.206
TF-1403
310.9
500 W
92.96
106.68
13.72
3.502
Includes
94.49
99.06
4.57
8.877
and
115.82
124.97
9.14
2.442
Includes
115.82
118.87
3.05
4.765
Includes
121.92
123.44
1.52
4.401
TF-1406
243.84
640 W
0
16.76
16.76
1.321
Includes
10.67
12.19
1.52
4.202
Includes
13.72
15.24
1.52
8.394
and
68.58
74.68
6.10
1.555
Includes
70.10
73.15
3.05
2.553
and
150.88
155.45
4.57
1.032
TF-1407
243.84
600 W
70.10
109.73
39.62
0.631
Includes
70.10
71.63
1.52
2.723
Includes
76.20
77.72
1.52
2.044
Includes
103.63
105.16
1.52
4.741
and
153.92
155.45
1.52
0.989
and
161.54
164.59
3.05
5.213
Includes
161.54
163.07
1.52
8.626
TF-1409
323.09
620 W
51.82
53.34
1.52
3.558
and
80.77
97.54
16.76
1.128
Includes
89.92
91.44
1.52
6.608
and
141.73
150.88
9.14
5.965
Includes
143.26
144.78
1.52
32.445
and
266.70
272.80
6.10
1.040
and
278.89
320.04
41.15
0.816
Includes
289.56
291.08
1.52
3.669
Includes
295.66
297.18
1.52
2.125
Drilling at La Chicharra focused on infill drilling and exploration holes to the northwest of the existing open pit with the objective of defining the structural control of the known mineralization in the pit.
Hole TF-1696 intersected an interval of 100.06 metres grading 1.00 g/t gold, including an interval of 10.67 metres of 2.429 g/t gold, 9.18 metres of 1.363 g/t gold, 7.62 metres of 1.481 g/t gold and ended in 13.73 metres of 2.09 g/t gold.
Drill hole TF-1638 intersected 22.90 metres of 0.921 g/t gold including 3.05 metres of 2.362 g/t gold. Drill hole TF-1645 drilled along the same section but 50 metres to the southwest intercepted a mineralized interval commencing at surface, of 19.6 metres of 0.65 g/t gold. This interval included 7.62 metres of 1.26 g/t gold. Drill hole TF-1640 intercepted multiple mineralized zones starting at 9.14 metres depth to the north and west of the pit including 12.2 meters of 0.95 g/t gold.
Highlights of selected drill holes from the La Chicharra pit are as follows:
Table 2
Significant Assay Results for August and September 2011 from the La Chicharra Open Pit
Drill Hole Number
Depth (m)
Section Line
Drill Intersections
From (m)
To (m)
True Width (m)
Au g/t
TF-1638
210.31
2820W
6.10
28.96
22.90
0.920
Includes
13.72
16.76
3.05
2.360
TF-1640
201.17
2780W
41.15
53.34
12.20
0.950
Includes
44.20
48.77
4.60
1.920
Includes
45.72
47.24
1.52
3.140
and
57.91
71.63
13.70
0.550
Includes
62.48
65.53
3.05
1.390
and
79.25
80.77
1.52
1.160
and
199.64
201.17
1.52
1.310
TF-1641
192.02
2820W
0.00
19.81
19.80
0.650
Includes
0.00
7.62
7.62
1.260
and
99.06
100.58
1.52
0.610
TF-1643
82.82
2800W
0.00
16.80
16.80
0.690
Includes
3.05
4.57
1.52
1.260
Includes
6.10
10.67
4.60
1.260
TF-1645
185.93
2800W
27.43
39.62
12.20
1.050
Includes
27.43
30.48
3.05
3.200
TF-1646
210.31
and
45.72
68.58
22.90
0.710
Includes
54.86
60.96
6.10
1.580
and
146.30
147.83
1.52
0.590
TF-1647
182.88
2780W
0.00
16.76
16.70
0.540
Includes
12.19
15.24
3.05
2.230
and
51.82
54.86
3.05
1.030
and
124.97
128.02
3.05
0.730
Includes
124.97
126.49
1.52
1.320
and
153.92
161.54
7.60
1.230
Includes
155.45
156.97
1.52
3.590
TF-1648
164.59
and
16.76
19.81
3.05
0.650
Includes
16.76
18.29
1.52
1.180
and
57.91
60.96
3.05
3.030
Includes
57.91
59.55
1.52
4.430
TF-1651
255.55
2840W
0.00
9.14
9.10
0.830
Includes
0.00
3.05
3.05
1.230
and
24.38
32.00
7.60
0.710
Includes
27.43
30.48
3.05
1.380
and
48.77
50.29
1.52
1.470
TF-1654
124.97
2580W
38.10
45.72
7.60
0.540
Includes
39.62
41.15
1.52
1.480
and
76.20
79.25
3.05
0.610
Includes
76.20
77.72
1.52
1.020
TF-1656
173.74
2760W
0.00
9.14
9.14
0.926
Includes
0.00
3.05
3.05
1.260
Includes
6.10
7.62
1.52
1.816
TF-1662
182.88
2840W
41.15
68.58
27.43
0.556
Includes
41.15
42.67
1.52
2.110
Includes
45.72
47.24
1.52
1.425
Includes
57.91
59.44
1.52
1.020
Includes
65.53
67.06
1.52
1.080
TF-1668
155.44
and
25.91
27.43
1.52
0.886
and
82.30
92.96
10.66
0.587
Includes
91.44
92.96
1.52
2.930
and
96.01
108.20
12.19
0.508
Includes
103.63
105.16
1.52
1.100
and
118.87
128.02
9.15
3.011
Includes
118.87
120.40
1.52
17.150
TF-1673
152.40
2540W
68.58
106.68
38.10
0.536
Includes
76.20
79.25
3.05
1.238
Includes
91.44
92.96
1.52
3.200
Includes
96.01
97.54
1.52
1.020
and
124.97
134.11
9.14
0.590
Includes
124.97
126.49
1.52
1.540
TF-1677
155.45
2520W
9.14
48.77
39.63
0.625
Includes
19.81
21.34
1.52
1.190
Includes
25.91
27.43
1.52
1.925
Includes
30.48
35.05
4.57
1.065
Includes
36.58
38.10
1.52
3.480
TF-1678
204.22
2500W
76.20
138.68
62.48
0.544
Includes
88.39
89.92
1.52
1.215
Includes
102.11
106.68
4.57
1.464
Includes
111.25
118.87
7.62
1.157
TF-1679
210.31
2840W
36.58
83.82
47.24
0.500
Includes
38.10
39.62
1.52
1.020
Includes
56.39
60.96
4.57
1.255
Includes
67.06
70.10
3.04
1.126
TF-1696
283.46
2600W
149.35
249.41
100.06
1.000
Includes
153.92
164.59
10.67
2.429
Includes
176.78
185.93
9.18
1.363
Includes
187.45
195.07
7.62
1.481
Includes
217.93
231.65
13.73
2.090
TF-1701
271.27
2620W
153.92
160.02
6.10
1.929
Includes
156.97
158.50
1.52
6.980
and
167.64
196.60
28.96
1.289
and
222.50
227.08
4.57
0.582
and
233.17
237.74
4.57
0.650
Includes
236.22
237.74
1.52
1.330
TF-1703
269.75
2640W
45.72
47.24
1.52
0.553
and
135.64
201.17
65.53
0.768
Includes
143.26
149.35
6.10
2.821
Includes
166.12
167.64
1.52
1.435
Includes
170.69
172.21
1.52
1.490
Includes
179.83
181.36
1.52
2.770
The Company continues drilling and expects to complete in excess of 120,000 metres of drilling from July, 2011 to December 31, 2011. Further drill results will be provided on an ongoing basis.
This press release was reviewed and prepared by Lawrence A. Dick, Ph.D., P.Geo., a director of the Company, who is recognized as a Qualified Person under the guidelines of National Instrument 43-101 and by Miguel Soto, P. Geo., a director and the COO of the Company.
About Timmins Gold
Focused solely in Mexico, Timmins Gold Corp. is in commercial gold production at its wholly owned San Francisco gold mine in Sonora, Mexico. The mine is a past-producing open pit heap leach operation. Timmins Gold has forecast production at a rate in excess of 100,000 ounces of gold per year. (Micon International NI 43-101F1 Technical Report dated November, 2010.)
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.
Neither TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX accepts responsibility for the adequacy or accuracy of this release.
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