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Timmins Gold Corp T.TMM

Metals & Mining Gold
"Timmins Gold Corp is engaged in acquiring, exploring, developing and operating mineral resource properties in Mexico. It owns and operates the San Francisco open pit and Ana Paula gold project in Guerrero and the Caballo Blanco gold project in Veracruz."


TSX:TMM - Post by User

Timmins Gold Corp
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Post by razzsson Aug 23, 2011 7:23am
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Post# 18969732

Reuters article..

Reuters article..
UPDATE 1-Timmins Gold expects higher mineral resource at Mexico mine
(Follows alerts)

Aug 23 (Reuters) - Canadian miner Timmins Gold Corp said drilling at its open pit gold mine in Sonora, Mexico, showed that there were additional mineralized zones at the site.

The Mexico-focused miner expects that the ongoing drilling could lead to a significant rise in the mineral resource at the San Francisco mine in Mexico.

The drilling could also lead to the discovery of additional satellite deposits within the existing land package, the company said.

Drilling results have confirmed that the mineralized zones continue both beneath the currently planned pit bottom and outside the perimeter of the currently planned pit limit.

Timmins said it has completed 95 drill holes, totalling 20,103 meters, in July.

Drilling at the La Chicharra open pit, which is 2 kilometers from the San Francisco pit, also intersected gold mineralization, the company said in a statement.
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