Timmins Gold Corp. ("Timmins" or the "Company") announces it has completed its first phase of sampling from trenches at its Cocula Project located approximately 50 kilometers west of Guadalajara, Jalisco, Mexico. The 102 channel samples taken across the highly oxidized and brecciated zone returned 2.21 g/t Au, 19 g/t Ag, 0.97 % Pb, 0.11 % Zn and 0.08 % Cu across 99 meters. A high grade core within the breccia returned 6.90 g/t Au, 17.7 g/t Ag, 0.06% Cu, 1.07 % Pb, 0.12% Zn across 18 meters. This NW-SE trending alteration zone has been traced along strike for at least 1.5 kilometers and a width of 200 meters. The alteration zone remains open along strike. The system is exposed over a vertical extent of between 40 and 50 meters and is projected to extend at least an additional 100 meters down dip.
The following table summarizes the assay and analytical results from the channel sampling program completed within trenches across the 100 meters of continuous outcrop:
*All sampling was completed on a systematic basis at 1 meter intervals.
The epithermal mineralization lies within an argillized and brecciated shear zone between two semi parallel faults within a volcano-sedimentary sequence. The zone is strongly oxidized and silicifified with common jarosite and boxworks of galena and sphalerite. Silicification is present in the form of vuggy silica, chalcedony banding and quartz veinlets. The bottom of the oxidized cap within the volcano sedimentary sequence can be identified by pervasive silicification and intense quarts veinlets, including disseminated pyrite, lead and zinc sulfides near its base. Assays from the transition and sulphide zones have been submitted for assay with results pending.
More comprehensive sampling and geological mapping program is currently being completed by Timmins geologists with a reverse circulation drill program to commence in late May. 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 considered.
While Timmins technical staff and Management had been confident a low grade, bulk tonnage target could be identified, the high grade results encountered on surface have made evaluation of the economic potential of the Cocula Property a high priority for the Company.
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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