32 Hole, 2,700 Meter Rc Drill Program Commences At Cocula Property, Jalisco, Mexico
Timmins Gold Corp. 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):
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.
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.
For further information, contact:
Arturo Bonillas, B.Sc.(Eng)
Hermosillo, Sonora, Mexico
Darcy Krohman, P.Geo., C.A.
Executive Vice-President & CFO
Vancouver, BC, Canada
For Investor Relations, contact:
Vancouver, BC, Canada
Alex Tsakumis, B.A.
Vancouver, BC, Canada
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