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Market: TSX-V
Sector: Gold Mining
Epic: .TMM
News: Latest news
Web Site: Timmins Gold Corp
Other Articles: 29-01-201010-12-200907-12-2009

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Wednesday March 17, 09:01SmartFocus, Amphion Innovations and National Milk Records confirmed for March 18 Forum

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Wednesday March 17, 06:53SocGen "moderately bullish" on commodities in a two-speed world

Moderately bullish on commodities as a whole for the year, Société Générale asserts that prices are likely to vary considerably from metal to metal with a strong emphasis on developing economies still a major theme.

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Monday March 15, 09:01China's growth boosting commodity prices

The latest economic figures from China have put pressure on the dollar and boosted a number of high-yielding currencies, including the Australian dollar and the South African rand.

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Timmins Gold Corp

Timmins Gold Corp

Timmins Gold Corp is engaged in the exploration and development of gold projects in Mexico. The company aspires to become a senior gold production and development company and has an aggressive development and acquisition plan to take the Company into production in late 2008. With a pre-feasibility report complete on its "flagship" San Francisco property in Sonora Mexico, Timmins is moving towards a minimum annual 80,000 ounces of gold production.

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Monday, December 07, 2009

Timmins Gold drill results confirm potential for additional mineralization outside current resource

by Jamie Ashcroft company news image

Timmins Gold Corporation (TSX-V: TMM) announced drilling results from its San Francisco property in the northern Mexican State of Sonora. The emerging gold company is in the midst of ramping up to commercial production at the company’s flagship mine. The current drilling program was carried out to test the extension of the structurally controlled mineralization outside of the current resource.


The work consisted of 6,515m of systematic surface reverse circulation drilling, across 69 holes in two zones, one 150m from the Northwest Limit of the current open pit operation and the second 200m from the Southeast.


At the Northwest zone 42 holes were drilled covering 4,300m, results indicate that the gold mineralization extends along strike to the NW and SE of the currently planned pit limits.


The Northwest zone results highlights include Hole TF-200, which intersected 34.5 meters grading 1.43 grams per tonne (gpt) gold from a depth of 28.5m. Similarly hole TF-185 intersected from the surface, 13.5m grading 1.05gpt gold, while TF-189 cut 13.5 meters grading 1.77gpt gold from a depth of 25.5m.


The program also returned anomalous intersections which follow the trace of a major mineralized structural feature. According to Timmins, the intersections indicate that through additional drilling, the overall footprint of the San Francisco deposit may be amenable to significant expansion.


The feature is thought to have been important in the localization of gold mineralization in the existing resource, it is 650m across at its widest dimension inside the pit. This structural zone is now known to continue to the NW and SE and presents high priority exploration targets, which the Ventures Junior will explore in future programs.


The current program on the Southeast zone consisted of 2,215m of reverse circulation drilling in 27 holes, wit aimed to determine the continuity of near surface gold mineralization which was identified from previous programs.


At the Southeast zone, the results show at least two shallow mineral zones located between surface and 80m in depth. The zones are elongated along an East-to-West strike, with a width of 60m. Highlights from the program include Hole TF-159 which intersected 2.31 grams per tonne (gpt) gold over 15m, also holes TF-161 and TF-199 intersected 1.45gpt gold and 1.09gpt over 15m and 19.5m respectively.


A second drill rig is on its way to the mine and an extensive drill program is currently being planned for 2010, both the Northwest and Southeast zones require further drilling. The 2010 program will be aimed at increasing the resource at the San Francisco mine.


About Timmins Gold


Timmins Gold Corporation is strategically positioned for gold production and development. Focused solely in Mexico, Timmins Gold is currently ramping up to commercial production at its wholly owned San Francisco Gold mine in Sonora, Mexico.


The mine is a past-producing open pit heap leach operation from which Timmins Gold has projected production at a rate in excess of 80,000 ounces of gold per year at a life of mine cash cost of approximately $412 per ounce. (Micon International Preliminary Feasibility Study, March 2008)


To date all plant and equipment necessary for full production is in place including crushing, leaching and extraction facilities. Surface drilling in the vicinity of the deposit is ongoing with the objective of adding gold ounces to the inventory to expand current mine life.

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