VANCOUVER, BRITISH COLUMBIA -- 11/04/09 --
- High Grade Subzone Returns 5.72 g/t Gold Over 5.00 Metres
- Deepest Hole to Date Continues to Demonstrate Continuity of Golden River West Zone
West Timmins Mining Inc. (TSX: WTM) ("WTM" or the "Company") today announced that the deepest hole to date testing the down plunge extension of the Golden River Zone has intersected gold mineralization over a down-hole thickness of 118.20 metres. Hole GW-09-54 also confirmed the continuity of the High Grade Sub-Zone, to a vertical depth of approximately 570 metres, returning an intercept of 5.72 g/t gold over 5.00 metres. The Golden River West Zone is one of 11 gold mineralized zones located along the Golden River Trend on the Company's 100% owned Thorne Property, part of the West Timmins Gold Project, in Timmins, Ontario.
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Hole Easting Northing Dip From To Interval(i) Gold
Number (metres) (metres) (metres) (g/t)
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West Zone
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GW-09-53 2200 E 450 N -75 383.00 418.60 35.60 0.53
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GW-09-54 2200 E 450 N -90 467.40 469.40 2.00 3.59
532.80 651.00 118.20 1.03
including 532.80 533.80 1.00 8.64
and 596.00 597.00 1.00 7.98
and 633.00 638.00 5.00 5.72
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(i)Due to uncertainties in zone orientations, true widths are not known
at this time; all values are uncut
The two holes reported were the final two holes completed on the Thorne Property as part of the current drill program. Drilling has now been suspended on all WTM properties pending the outcome of the November 4, 2009 Special Meeting of the shareholders of the Company where the shareholders will consider and vote on a proposed Business Combination with Lake Shore Gold Corp. originally announced on August 27, 2009.
Quality Control and Assurance
Geochemical results reported are from halved drill core samples collected from WTM's 100% owned Thorne Property, part of the Company's West Timmins Gold Project. Core samples were collected by employees and consultants in the employ of the Company and are subject to the Company's quality control program. Sampling was conducted on site at the Company's exploration office in Timmins, Ontario and sealed samples were transported to Swastika Labs preparation facilities in Swastika, Ontario. Samples were assayed for gold by standard fire assay- ICP finish with a 30 gram charge. Gold values in excess of 3.0 g/t were re-analyzed to confirm reproducibility. The remaining half of the drill core is stored on-site at the Company's Timmins exploration office.
For quality control purposes blank, duplicate and analytical control standards were inserted into the sample sequence at irregular intervals. Mr. Darin Wagner (M.Sc., P.Geo), the Company's President, has acted as non-independent qualified person for this news release. The qualified person has visited the project site, examined the intervals reported and, has verified that the reported results meet the Company's quality control standards.
About West Timmins Mining Inc. (www.westtimminsmining.com):
WTM is focussed on the exploration and development of district-scale gold projects in the major gold camps of North America. On August 27, 2009 the Company announced that it had entered into a Business Combination Agreement with Lake Shore Gold Corp. (LSG: TSX) whereby, pending shareholder approval of the plan contemplated thereunder, all of the outstanding shares of West Timmins Mining will be exchanged for shares of Lake Shore Gold at a ratio of 0.73 of a share of Lake Shore Gold for every issued and outstanding share of WTM. Upon the successful completion of the Business Combination Agreement West Timmins Mining will become a wholly owned subsidiary of Lake Shore Gold and the combined companies will control a dominant land position, consisting of over 125 square kilometres of mineral exploration and development rights, in the quickly emerging West Timmins Gold District.
On behalf of the Board of West Timmins Mining Inc.
Darin W. Wagner, President and Chief Executive Officer
For further details on West Timmins Mining Inc. please refer to prior disclosure at www.sedar.com. The securities described in this press release have not been and will not be registered under the United States Securities Act of 1933, as amended, or under any U.S. state securities laws, and such securities may not be offered or sold in the United States absent an exemption from such registration requirements.
This press release contains forward looking statements within the meaning of applicable Canadian and U.S. securities regulation, including statements regarding the future activities of the Company. Forward looking statements reflect the current beliefs and expectations of management and are identified by the use of words including "will", "expected to", "plans", "planned" and other similar words. Actual results may differ significantly. The achievement of the results expressed in forward looking statements is subject to a number of risks, including those described in the Company's annual information form as filed with the Canadian securities regulators which are available at www.sedar.com. Investors are cautioned not to place undue reliance upon forward looking statements.
The TSX has not reviewed and does not accept responsibility for the accuracy or adequacy of this news release, which has been prepared by management.
Contacts:
West Timmins Mining Inc.
John Toporowski
Manager, Investor Relations
(604) 685-8311 or Toll Free: (866) 685-8311
jtoporowski@westtimminsmining.com
www.westtimminsmining.com
