Mr. Bruce Bragagnolo reports
TIMMINS GOLD INTERSECTS 72 METERS OF 1.6 GPT GOLD, 15 METERS OF 4.2 GPT GOLD AND 14 METERS OF 3.2 GPT GOLD AT SAN FRANCISCO PIT
Timmins Gold Corp.'s drill program continues to extend and expand the mineralization at the San Francisco gold mine, located in the state of Sonora, Mexico. The San Francisco gold mine comprises two pits, the larger San Francisco pit and La Chicharra pit located approximately 1.5 kilometres to the west. A total of 107,315 metres in 476 holes were drilled from October, 2012, to the end of February, 2013, the highlights of which are reported here. A further 42,000 metres were drilled in March and April mainly at the SF pit, and management estimates that an additional 30,000 metres will be drilled at the SF pit to the end of May, at which point the drill program will be completed. The results of the drilling will be used to provide an updated technical report, which is expected by August.
San Francisco
A total of 28,170 metres in 125 holes (reverse circulation) were drilled inside, beneath and directly around the SF pit. Drilling was designed as infill drilling to both fill in voids in the block model and convert existing previously drilled inferred ounces into the measured and indicated categories. Assay results received to date indicate that the program has been successful in reaching these goals. Highlights of the assays received from this program (rounded to the nearest decimal) include 72 metres of 1.6 grams per tonne gold in hole TF-3115, 27 metres of 2.5 grams per tonne gold in hole TF-3052, 24 metres of 2.2 grams per tonne gold in hole TF-3017, 18 metres of two grams per tonne gold in hole TF-3113, 38 metres of 1.2 grams per tonne gold in hole 3109, 32 metres of 1.3 grams per tonne gold and six metres of 3.6 grams per tonne gold in hole TF-3035, 23 metres of 1.7 grams per tonne gold in hole TF-3049, 35 metres of 1.2 grams per tonne gold in hole TF-3126, 15 metres of 4.2 grams per tonne gold in hole TF-3003 and 14 metres of 3.2 grams per tonne gold in hole TF-3029.
La Chicharra
Highlights of the assays received from the 51,949 metres drilled in 229 holes (reverse circulation) at LC pit include 13.7 metres of 2.3 grams per tonne gold in hole TF-2990, 15 metres of 1.1 grams per tonne gold in hole TF-2675, 33 metres of one gram per tonne gold in hole TF-2691, 13.7 metres of 1.35 grams per tonne gold in hole TF-2977, 13.7 metres of 1.2 grams per tonne gold in hole TF-2907 and 4.6 metres of six grams per tonne gold in hole TF-2939 (all rounded to the nearest decimal). Drilling was designed as infill drilling to both fill in voids in the block model and convert existing previously drilled inferred ounces into the measured and indicated categories. Assay results received to date indicate that the program has been successful in reaching these goals.
San Francisco East
A limited core drill program of four holes was drilled approximately one kilometre to the east of the SF pit. The most significant intercepts were from hole TFD-141, which was drilled to a depth of 1,304 metres. The drilling intersected numerous lenses of mineralization to the bottom of the hole. The most significant intercepts were 1.5 metres of 15 grams per tonne gold at a depth of 147 metres, 1.5 metres of 6.76 grams per tonne gold at a depth of at 274.5 metres and nine metres of 8.166 grams per tonne gold, which includes 1.50 metres of 47.6 grams per tonne gold at a depth of 288.0 metres. From 465.0 metres to 496.50 metres an interval of 31.50 metres of 0.562 gram per tonne gold, including 1.50 metres of 6.041 grams per tonne gold, was intersected. The results of this hole are significant since they confirm gold mineralization to a depth of more than 1,000 metres and demonstrate the continuity of the mineral trend along a strike length of at least 4,000 metres.
The tables highlight the better intercepts from the reverse circulation drilling at San Francisco and La Chicharra from October to the end of February.
SAN FRANCISCO
Drill hole Depth From To True Au
No. (m) (m) (m) width (m) g/t
TF-3003 234.7 0.00 15.2 15.2 4.3
includes 0.00 3.1 3.1 13.95
includes 6.10 13.7 7.6 2.39
and 19.81 21.3 1.5 0.29
and 76.20 77.7 1.5 0.20
and 85.34 86.9 1.5 0.77
and 105.16 108.2 3.0 0.49
and 118.87 120.4 1.5 0.48
and 123.44 128.0 4.5 0.26
and 141.73 144.8 3.1 0.63
and 152.40 204.2 51.8 0.89
includes 152.40 155.5 3.1 4.36
includes 184.40 187.5 3.1 2.08
and 208.79 213.4 4.6 1.09
includes 208.79 210.3 1.5 2.94
and 217.93 222.5 4.6 0.30
TF-3017 277.37 15.24 36.1 20.8 0.36
and 42.67 48.8 6.1 1.94
includes 42.67 45.7 3.1 3.70
and 54.86 67.1 12.2 0.30
and 74.68 91.4 16.8 0.24
and 94.49 105.2 10.7 0.29
and 118.87 143.3 24.4 2.20
includes 124.97 126.5 1.5 2.19
includes 128.02 129.5 1.5 3.95
includes 137.16 140.2 3.1 10.00
and 149.35 155.5 6.1 0.45
and 164.59 170.7 6.1 0.25
and 204.22 205.7 1.5 0.45
and 210.31 228.6 18.3 0.22
and 242.32 243.8 1.5 0.33
and 252.98 256.0 3.1 0.32
TF-3029 307.85 41.15 50.3 9.1 0.24
and 86.87 102.1 15.2 1.50
includes 89.92 91.4 1.5 9.29
includes 99.06 100.6 1.5 2.26
and 108.20 109.7 1.5 0.12
and 126.49 128.0 1.5 1.73
and 134.11 138.7 4.6 0.34
and 141.73 144.8 3.1 0.29
and 153.92 169.2 15.2 0.50
and 176.78 181.4 4.6 0.59
and 195.07 210.3 15.2 0.67
includes 196.60 198.1 1.5 2.61
includes 204.22 205.7 1.5 2.27
and 220.98 237.7 16.8 0.45
includes 224.03 225.6 1.5 2.14
and 284.99 298.7 13.7 3.21
includes 284.99 291.1 6.1 6.86
includes 284.99 286.5 1.5 9.26
includes 288.04 289.6 1.5 14.00
includes 289.56 291.1 1.5 3.27
TF-3035 182.88 1.52 4.6 3.1 0.28
and 45.72 77.7 32.0 1.30
includes 50.29 51.8 1.5 5.54
and 94.49 96.0 1.5 0.38
and 103.63 109.7 6.1 3.56
includes 106.68 109.7 3.1 6.48
and 124.97 126.5 1.5 0.47
and 143.26 144.8 1.5 0.21
and 179.83 182.9 3.1 2.99
includes 179.83 181.4 1.5 5.53
TF-3049 224.03 42.67 45.7 3.1 0.24
and 83.82 86.8 3.1 0.39
and 96.01 108.2 12.2 0.59
and 117.34 140.2 22.9 1.71
includes 117.34 118.9 1.5 8.65
includes 121.92 123.4 1.5 4.28
includes 124.97 126.5 1.5 7.02
and 146.30 147.8 1.5 0.21
and 156.97 163.1 6.1 0.20
and 192.02 193.6 1.5 0.20
and 213.36 222.5 9.1 1.52
includes 213.36 214.9 1.5 7.63
TF-3052 249.94 16.76 21.3 4.6 0.27
and 42.67 48.8 6.1 0.24
and 59.44 64.0 4.6 0.25
and 76.20 77.7 1.5 0.48
and 123.44 134.1 10.7 0.24
and 149.35 150.9 1.5 0.18
and 161.54 189.0 27.4 2.52
includes 172.21 175.3 3.1 19.39
and 219.46 221.0 1.5 0.58
and 236.22 237.8 1.5 0.33
TF-3109 289.56 0.00 4.6 4.6 0.62
and 13.72 19.8 6.1 0.20
and 42.67 50.3 7.6 0.22
and 56.39 74.7 18.3 0.44
and 103.63 109.7 6.1 1.01
includes 103.63 105.2 1.5 3.58
and 132.59 143.3 10.7 0.27
and 155.45 157.0 1.5 0.19
and 172.21 173.7 1.5 0.50
and 201.17 204.2 3.1 0.34
and 217.93 222.5 4.6 0.90
and 243.84 245.4 1.5 0.26
TF-3113 280.41 0.00 7.6 7.6 1.47
includes 0.00 1.5 1.5 2.01
and 35.05 41.2 6.1 0.72
and 60.96 79.3 18.3 1.94
includes 62.48 68.6 6.1 4.48
includes 71.63 73.2 1.5 2.14
and 85.34 86.9 1.5 0.53
and 92.96 102.1 9.2 0.21
and 106.68 117.4 10.7 2.23
includes 106.68 108.2 1.5 12.95
and 124.97 189.0 64.0 0.65
includes 124.97 126.5 1.5 3.44
includes 160.02 161.6 1.5 4.43
and 213.36 233.2 19.8 1.08
includes 214.88 216.4 1.5 9.22
and 248.41 251.5 3.1 0.29
and 254.51 256.0 1.5 0.27
TF-3115 260.60 0.00 15.2 15.2 0.92
includes 10.67 12.2 1.5 4.63
and 38.10 45.7 7.6 2.54
includes 42.67 44.2 1.5 9.50
and 70.10 134.1 64.0 0.50
includes 70.10 71.6 1.5 3.43
and 141.73 153.9 12.2 0.50
and 178.31 181.4 3.1 0.32
and 187.45 259.1 71.6 1.56
includes 205.74 221.0 15.2 4.93
TF-3126 352.04 9.14 12.2 3.1 0.56
and 21.34 27.4 6.1 0.28
and 32.00 45.7 13.7 0.65
includes 36.58 38.1 1.5 2.05
and 67.06 71.6 4.6 0.27
and 129.54 149.4 19.8 0.67
includes 135.64 137.2 1.5 3.53
and 166.12 173.7 7.6 0.45
and 179.83 181.4 1.5 0.55
and 187.45 193.6 6.1 0.27
and 216.41 217.9 1.5 0.61
and 222.50 228.6 6.1 0.59
and 233.17 268.2 35.1 1.23
includes 240.79 243.8 3.1 6.10
includes 252.98 256.0 3.1 2.90
includes 257.56 259.1 1.5 2.43
and 277.37 312.4 35.1 0.28
and 315.47 326.1 10.7 0.38
LA CHICHARRA
Drill hole Depth From To True Au
No. (m) (m) (m) width (m) g/t
TF-2675 231.65 18.29 19.8 1.5 0.17
and 32.00 38.1 6.1 0.17
and 62.48 64.0 1.5 0.38
and 79.25 94.5 15.2 1.16
includes 83.82 86.9 3.1 3.37
includes 89.92 91.4 1.5 1.48
includes 92.96 94.5 1.5 1.78
and 109.73 112.8 3.1 0.24
and 121.92 123.4 1.5 0.45
and 140.21 144.8 4.6 0.22
TF-2691 249.94 45.72 51.8 6.1 0.36
includes 47.24 48.8 1.5 1.11
and 71.63 73.2 1.5 0.48
and 164.59 198.1 33.5 1.03
includes 166.12 172.2 6.1 2.60
includes 181.36 185.9 6.1 1.64
includes 196.60 198.1 1.5 1.09
and 217.93 224.0 6.1 0.17
TF-2907 249.94 57.91 71.6 13.7 1.25
includes 65.53 67.1 1.5 2.26
includes 68.58 70.1 1.5 6.52
and 80.77 85.3 4.6 0.38
and 179.83 184.4 4.6 10.97
includes 181.36 182.9 1.5 32.43
and 188.98 190.5 1.5 0.18
and 205.74 207.3 1.5 0.18
TF-2939 219.46 36.58 41.2 4.6 5.93
includes 38.10 39.6 1.5 16.60
and 149.35 152.4 3.1 0.23
and 198.12 216.4 18.3 0.31
TF-2990 249.94 56.39 57.91 1.52 0.488
and 102.11 108.20 6.10 0.257
and 135.64 138.68 3.05 0.774
includes 135.64 137.16 1.52 1.453
and 141.73 143.26 1.52 0.682
and 225.55 239.27 13.72 2.308
includes 234.70 237.74 3.05 8.715
includes 234.70 236.22 1.52 16.190
TF-2977 249.94 76.20 89.92 13.72 1.347
includes 85.34 88.39 3.05 4.704
and 131.06 134.11 3.05 0.211
and 144.78 147.83 3.05 0.197
The size of the gold mineralization zone, its presence within large shear zones and the continuous nature of the gold within these zones form the basis of management's belief that the drill program could lead to a significant increase in the estimated mineral resources at the San Francisco mine and could potentially also lead to the discovery of additional satellite deposits within Timmins Gold's existing land package. The orogenic nature of the deposit may provide the potential for the discovery of high-grade feeders at depth.
Strict sampling and quality assurance/quality control protocol were followed to ensure the best practices in sampling and analysis of the drill samples. Duplicates, standards and blanks were inserted into the sampling stream at intervals of 25 samples. Assays were performed by Inspectorate and ALS Chemex Labs and a minimum of 10 per cent of the original samples assayed by Inspectorate were sent to other independent labs for check assays. The check assays were cross-referenced and the results verified.
This press release was reviewed and prepared by Dr. Lawrence A. Dick, PhD, PGeo, who is a consultant to the company and is recognized as a qualified person under the guidelines of National Instrument 43-101, and by Miguel Soto, PGeo, a director and the vice-president of exploration of the company.
We seek Safe Harbor.
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