Timmins Gold Corp. ("Timmins Gold") announces that the diamond drill has arrived at the Company's Tequila Gold Project located 30 kms north of Tequila, Jalisco, Mexico (70 kms north of Guadalajara) in a historical mining district where high grade gold and silver veins have been exploited since the Spanish Colonial period. Timmins Gold is commencing a first phase 1,200 meter, diamond drill program on the Property.
The Company has received additional sample results from its channel sampling program from the surface and old underground workings. All widths are believed to be true widths. The Company dewatered the Lupita shaft and channel sampled the footwall and hangingwall where the assays returned 40 grams per tonne of gold and 100 grams per tonne of silver over an average of 2.4 meters.
In addition the Company channel sampled the newly discovered La Gaviota vein approximately 100 meters west of the Veta Grande and received assays of 12.67 grams per tonne of gold across 1.5 meters. Technical staff is of the view that La Gaviota is the extension of the La Lupita vein.
Channel sampling from the top of adit number one at the Veta Grande returned assay values of 13.32 grams per tonne of gold across 1.5 meters and 43.80 grams per tonne of gold across 2.5 meters. The Company believes this is significant as this area is directly above drill hole number one from the upcoming program.
The primary objective of this program will be to confirm the strike length and down dip extent of the Veta Grande vein and the associated breccia zone, the Grano de Oro vein, and the Lupita and Guadalupe veins. The program will also continue with reconnaissance mapping and sampling of the entire property. Technical staff are confident other related veins and/or breccia zones will be identified by this exploration program. Contingent upon favourable results from the first phase 1,200 meter drill program the Company is confident a more comprehensive second phase drill and exploration program will be justified. The results from these programs will be used in the calculation of an initial resource estimate.
As part of its QA/QC program the Company uses standard industry practice in its handling, preparation and processing of samples. This includes but is not limited to the segregation of duties and the use of blanks, standards and duplicates samples. The Company has contracted International Plasma Labs Ltd. (IPL), an ISO 9001:2000 accredited lab, to complete geochemical analysis and/or assay of the samples. Preparation of the samples occurs in IPL's facility in Mexico prior to secure shipment to Richmond, BC for analysis. In Richmond each sample is subjected to 30 Element ICP-ES (Inductively Coupled Plasma-Atomic Emission Spectrometer) analysis. Gold values above detection limits for ICP-ES are subjected to FA/AAS (Fire Assay and Atomic Absorption).
Pursuant to National Instrument 43-101, Darcy Krohman, P.Geo., C.A,. Senior 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.
For further information, contact:
Bruce Bragagnolo, LLB.
Vancouver, B.C. Canada
Darcy Krohman, P.Geo., C.A.
Vice-President & CFO
Vancouver, BC, Canada
For Investor Relations, contact:
Vancouver, BC, Canada
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