Two additional drills have now commenced testing of the high-grade Rusk and Porphyry gold zones on the company's Thunder Creek gold property, bringing the number of active drills at Thunder Creek to four. With another two drills following up recent promising gold intercepts on West Timmins Mining Inc.'s 100-per-cent-owned Thorne property located immediately to the southeast of Thunder Creek the company has a total of six drills, all testing high-grade gold targets, on its West Timmins gold project.
The recently added third drill (hole TC09-73) at Thunder Creek is testing the down-plunge extension of the Rusk and Porphyry gold zones approximately 150 to 200 metres below hole TC09-68, the deepest hole to date on the property, which returned 10.09 grams per tonne gold over 4.70 metres from the Rusk zone (see news issued in Stockwatch dated May 5, 2009) and gold mineralization across over 122 metres through the Porphyry zones (see news issued in Stockwatch dated March 31, 2009).
The fourth drill, which has just commenced drilling, will target the extension of the Rusk and Porphyry zones approximately 150 metres below hole TC09-70 and 150 metres northeast of the target zone in hole TC09-73. The other two drills on the property are drilling wedge holes targeting areas 50 to 60 metres above the interpreted intersection of the Rusk zone and Porphyry zones in holes TC09-68 and recently completed hole TC09-71 (for which assay results remain pending). Exploration of the Thunder Creek property is a joint venture between WTM and Lake Shore Gold Corp., with Lake Shore acting as the operator.
Drilling to date has extended the combined Rusk and Porphyry gold zones on the Thunder Creek property to over 700 metres down plunge and to over 175 metres along strike at the 750-metre vertical level. All zones remain open along strike and down plunge. The Rusk and Porphyry gold zones are located less than 800 metres south of the 1.3 million ounce Timmins (West) gold deposit where underground development and initial processing of development ore are under way. The underground workings at Timmins (West) could potentially provide access to the new discoveries at Thunder Creek.
Drilling has also resumed, following spring breakup, with two rigs on WTM's 100-per-cent-owned Thorne property, which is located immediately southeast of the Thunder Creek property. Drilling will initially target extensions to the recent high-grade gold intercepts from the North zone, which included 13.64 grams per tonne gold over 8.20 metres (see news issued in Stockwatch dated May 12, 2009), and the West zone, which included 7.53 grams per tonne gold over 4.00 metres (see news issued in Stockwatch dated April 16, 2009). Drilling is also anticipated to resume on the Hwy 144 property as ground conditions allow and assay results are finalized over the next three to four weeks.
"We are very pleased with the doubling of the drilling capacity at Thunder Creek. This will enable us to continue to rapidly expand the high-grade Rusk and Porphyry gold zones while also beginning the infill drilling process to move closer to initial resource definition on these exciting new high-grade gold discoveries. The broad step-out holes currently being drilled demonstrate our belief that the Thunder Creek gold system is continuing to expand and strengthen at depth," said Darin Wagner, president and chief executive officer of West Timmins Mining. "With the completion of our recent $11.5-million financing and with six drills now turning on our West Timmins gold project, all targeting high-grade zones of gold mineralization in the most prolific gold camp in North America, WTM is well positioned to continue our evolution and the expansion of our resource base through aggressive exploration of our gold assets in Timmins."
Same are High grade gold and they are drill 700 plus meters on multiple holes could get interesting hence the big broker firms buying hundreds of thousands of shares aggressively.
I just bought in myself at todays low! WTM is now at 1.01 up over 30% in the past week alone. Glad I took the time to do my DD.
Cheers,
Doubledowndave