Timmins Gold Intersects 38.10 Metres of 5.12 g/t Gold Below Existing Pit Floor of San Francisco Open Pit and 100.06 Metres of 1.00 g/t Gold in the La Chicharra Open Pit

November 01, 2011 2:30 AM EDT | Source: Alio Gold Inc.

Timmins Gold Corp. (TSX: TMM) announces that significant mineralization continues to be intersected in its ongoing July-December, 2011 drill program at the San Francisco Mine, which includes both exploration and infill drilling in and around the San Francisco and La Chicharra open pits. Results from the July-December, 2011 drill program will be incorporated in an updated NI 43-101 Technical Report in early 2012.

A total of approximately 52,000 metres of drilling, including both reverse circulation and core drilling, were completed during the months of August, 2011 and September, 2011. 24,400 metres were drilled in and around the San Francisco open pit distributed over 4 core holes and 85 holes of reverse circulation and 27,600 metres of reverse circulation in and around the La Chicharra pit distributed over 127 drill holes. The La Chicharra pit is located approximately 1.5 kilometres to the west of the San Francisco pit.

Drilling has confirmed the continuity and extensions of the mineralization, both along strike and down dip and below the existing pit floor at both the San Francisco and La Chicharra open pits. In addition, assays received from drilling completed in August and September returned some of the highest grades intercepted to date from the San Francisco pit.

Hole TF-1379 which was drilled from the bottom of the San Francisco pit intersected an interval of 38.1metres grading 5.129 g/t gold including 1.52 metres of 25.42 g/t gold, 15.24 metres of 8.347 g/t gold and ended in an interval of 1.52 metres of 77.348 g/t gold. The current pit bottom is 140 metres from surface and this interval was intersected only 30 metres below the current pit bottom.

Hole TF-1377 intercepted 80.77 metres of 0.822 g/t gold including 1.52 metres of 3.547 g/t gold, 9.14 metres of 3.456 g/t gold and 3.05 metres of 2.075 g/t gold. The hole ended in an intercept of 1.52 metres grading 52.66 g/t gold.

Highlights of selected drill holes from the San Francisco pit are as follows:

Table 1
Significant Assay Results for August and September 2011 from the
San Francisco Open Pit

 

 

 

Drill Intersections

 

 

 

 

 

True

 

Drill Hole

Depth

Section

From

To

Width

Au

Number

(m)

Line

(m)

(m)

(m)

g/t

TF-1375

243.84

720 W

13.72

16.76

3.05

1.567

 

 

Includes

13.72

15.24

1.52

2.971

 

 

and

129.54

149.35

19.81

1.378

 

 

Includes

132.59

135.64

3.05

2.032

 

 

Includes

138.68

140.21

1.52

3.061

TF-1376

245.36

880 W

38.10

70.10

32.00

1.031

 

 

Includes

42.67

50.29

7.62

2.249

 

 

and

167.64

173.74

6.10

1.209

 

 

Includes

170.69

172.21

1.52

3.208

TF-1377

274.32

860W

32.00

112.78

80.77

0.822

 

 

Includes

32.00

33.53

1.52

3.547

 

 

Includes

42.67

51.82

9.14

3.456

 

 

Includes

73.15

76.20

3.05

2.075

 

 

and

118.87

120.40

1.52

1.113

 

 

and

271.27

274.32

3.05

27.745

 

 

Includes

272.80

274.32

1.52

55.266

TF-1378

298.7

800 W

12.19

13.716

1.52

1.472

 

 

and

62.48

91.44

28.96

1.197

 

 

Includes

67.06

70.10

3.05

7.227

 

 

Includes

86.87

88.39

1.52

2.277

 

 

Includes

108.20

111.25

3.05

2.259

 

 

and

188.98

190.5

1.52

1.135

TF-1379

242.32

960W

0.00

15.24

15.24

0.714

 

 

and

30.48

68.58

38.10

5.129

 

 

Includes

48.77

50.29

1.52

25.422

 

 

Includes

53.34

68.58

15.24

8.347

 

 

Includes

65.53

67.06

1.52

77.348

TF-1380

303.28

980 W

9.14

12.19

3.05

2.203

 

 

Includes

9.14

10.67

1.52

4.246

 

 

and

80.77

99.06

18.29

3.777

 

 

Includes

83.82

86.87

3.05

3.266

 

 

Includes

91.44

92.96

1.52

36.773

TF-1381

304.8

1000 W

7.62

13.72

6.10

4.698

 

 

Includes

7.62

12.19

4.57

6.185

 

 

and

42.67

44.20

1.52

1.017

TF-1382

289.56

980 W

0.00

22.86

22.86

0.896

 

 

Includes

16.76

18.29

1.52

2.022

 

 

and

42.67

74.68

32.00

1.036

 

 

Includes

53.34

54.86

1.52

4.499

 

 

Includes

60.96

68.58

7.62

1.792

TF-1384

277.37

980 W

67.06

68.58

1.52

3.231

 

 

and

88.39

89.92

1.52

1.745

 

 

and

158.50

170.69

12.19

0.602

             


 

 

 

Drill Intersections

 

 

 

 

 

True

 

Drill Hole

Depth

 Section

From

To

Width

Au

Number

(m)

Line

(m)

(m)

(m)

g/t

 

 

Includes

169.16

170.69

1.52

2.914

TF-1385

243.84

740 W

32.00

56.39

24.38

0.937

 

 

Includes

32.00

35.05

3.05

5.592

 

 

Includes

67.06

68.58

1.52

2.248

 

 

Includes

137.16

138.68

1.52

5.631

TF-1386

292.61

980 W

16.76

30.48

13.72

1.071

 

 

Includes

16.76

18.29

1.52

2.351

 

 

Includes

27.43

28.96

1.52

3.630

 

 

and

42.67

60.96

18.29

1.769

 

 

Includes

51.82

53.34

1.52

3.530

 

 

Includes

56.39

59.44

3.05

8.085

 

 

and

73.15

77.72

4.57

1.193

 

 

and

82.30

91.44

9.14

2.010

 

 

Includes

89.92

91.44

1.52

9.252

 

 

and

115.82

124.97

9.14

1.153

 

 

Includes

121.92

123.44

1.52

4.552

 

 

and

201.17

207.26

6.10

1.143

 

 

Includes

202.69

204.22

1.52

2.718

TF-1387

249.84

760 W

50.29

53.34

3.05

2.597

 

 

Includes

50.29

51.82

1.52

5.066

 

 

and

173.74

181.36

7.62

1.389

 

 

Includes

175.26

176.78

1.52

5.548

TF-1388

304.8

980 W

45.72

47.24

1.52

1.277

 

 

and

54.86

56.39

1.52

1.257

 

 

Includes

96.01

97.54

1.52

2.817

 

 

Includes

112.78

114.30

1.52

14.579

TF-1389

237.84

780 W

50.29

103.63

53.34

0.544

 

 

Includes

64.01

65.53

1.52

2.319

 

 

Includes

80.77

82.30

1.52

2.694

 

 

and

134.11

141.73

7.62

0.505

 

 

and

175.26

176.78

1.52

1.917

 

 

and

182.88

184.40

1.52

0.399

TF-1391

246.89

820 W

30.48

33.53

3.05

2.931

 

 

Includes

32.00

33.53

1.52

4.124

 

 

and

39.62

82.30

42.67

1.679

 

 

Includes

41.15

56.39

15.24

3.559

 

 

Includes

64.01

65.53

1.52

2.293

 

 

Includes

70.10

71.63

1.52

2.662

 

 

and

123.44

126.49

3.05

1.228

 

 

Includes

123.44

124.97

1.52

2.169

 

 

Includes

155.45

156.97

1.52

2.277

TF-1392

243.84

820 W

4.57

33.53

28.96

1.305

 

 

Includes

6.10

7.62

1.52

4.546

 

 

Includes

9.14

10.67

1.52

5.968

 

 

and

44.20

82.30

38.10

1.110

 

 

Includes

60.96

64.01

3.05

2.262

 

 

Includes

70.10

71.63

1.52

3.532

             


 

 

 

Drill Intersections

 

 

 

 

 

True

 

Drill Hole

Depth  

Section

From

To

Width

Au

Number

(m)

Line

(m)

(m)

(m)

g/t

 

 

Includes

74.68

76.20

1.52

7.992

 

 

and

108.20

118.87

10.67

0.551

 

 

and

236.22

246.89

10.67

0.574

TF-1393

243.84

700 W

48.77

51.82

3.05

1.639

 

 

Includes

50.29

51.82

1.52

2.885

 

 

and

91.44

92.96

1.52

3.167

 

 

and

155.45

156.97

1.52

1.246

 

 

and

242.32

243.84

1.52

0.882

TF-1394

243.84

840 W

0.00

4.57

4.57

1.326

 

 

and

16.76

27.43

10.67

0.890

 

 

Includes

18.29

19.81

1.52

2.082

 

 

and

42.67

59.44

16.76

1.550

 

 

Includes

50.29

59.44

9.14

2.056

 

 

and

86.87

91.44

4.57

0.723

 

 

and

108.20

114.30

6.10

0.837

 

 

Includes

109.73

111.25

1.52

2.109

TF-1395

243.84

840W

3.05

9.14

6.10

1.131

 

 

Includes

4.57

6.10

1.52

2.418

 

 

and

35.05

42.67

7.62

2.913

 

 

and

54.86

94.49

39.62

1.586

 

 

Includes

57.91

70.10

12.19

4.278

TF-1397

243.84

860 W

18.29

41.15

22.86

0.660

 

 

Includes

21.34

22.86

1.52

2.295

 

 

Includes

28.96

30.48

1.52

2.436

 

 

and

51.82

70.10

18.29

1.234

 

 

Includes

51.82

53.34

1.52

2.775

 

 

Includes

65.53

67.06

1.52

3.068

 

 

Includes

51.82

70.10

18.29

2.725

 

 

and

102.11

115.82

13.72

1.708

 

 

Includes

109.73

111.25

1.52

13.276

 

 

and

120.40

132.59

12.19

0.565

 

 

Includes

128.02

129.54

1.52

3.460

 

 

and

137.16

144.78

7.62

0.839

 

 

Includes

140.21

141.73

1.52

2.868

 

 

and

149.35

156.97

7.62

0.605

TF-1398

236.22

660 W

3.05

25.91

22.86

1.266

 

 

Includes

3.05

4.57

1.52

3.988

 

 

Includes

6.10

7.62

1.52

2.679

 

 

Includes

10.67

12.19

1.52

7.069

 

 

and

85.34

109.73

24.38

1.309

 

 

Includes

86.87

88.39

1.52

2.374

 

 

Includes

97.54

105.16

7.62

2.428

 

 

and

163.07

172.21

9.14

0.757

 

 

Includes

166.12

167.64

1.52

2.206

TF-1403

310.9

500 W

92.96

106.68

13.72

3.502

 

 

Includes

94.49

99.06

4.57

8.877

 

 

and

115.82

124.97

9.14

2.442

             


 

 

 

Drill Intersections

 

 

 

 

 

True

 

Drill Hole

Depth

Section 

From

To

Width

Au

Number

(m)

Line

(m)

(m)

(m)

g/t

 

 

Includes

115.82

118.87

3.05

4.765

 

 

Includes

121.92

123.44

1.52

4.401

TF-1406

243.84

640 W

0

16.76

16.76

1.321

 

 

Includes

10.67

12.19

1.52

4.202

 

 

Includes

13.72

15.24

1.52

8.394

 

 

and

68.58

74.68

6.10

1.555

 

 

Includes

70.10

73.15

3.05

2.553

 

 

and

150.88

155.45

4.57

1.032

TF-1407

243.84

600 W

70.10

109.73

39.62

0.631

 

 

Includes

70.10

71.63

1.52

2.723

 

 

Includes

76.20

77.72

1.52

2.044

 

 

Includes

103.63

105.16

1.52

4.741

 

 

and

153.92

155.45

1.52

0.989

 

 

and

161.54

164.59

3.05

5.213

 

 

Includes

161.54

163.07

1.52

8.626

TF-1409

323.09

620 W

51.82

53.34

1.52

3.558

 

 

and

80.77

97.54

16.76

1.128

 

 

Includes

89.92

91.44

1.52

6.608

 

 

and

141.73

150.88

9.14

5.965

 

 

Includes

143.26

144.78

1.52

32.445

 

 

and

266.70

272.80

6.10

1.040

 

 

and

278.89

320.04

41.15

0.816

 

 

Includes

289.56

291.08

1.52

3.669

 

 

Includes

295.66

297.18

1.52

2.125

             

Drilling at La Chicharra focused on infill drilling and exploration holes to the northwest of the existing open pit with the objective of defining the structural control of the known mineralization in the pit.

Hole TF-1696 intersected an interval of 100.06 metres grading 1.00 g/t gold including an interval of 10.67 metres of 2.429 g/t gold, 9.18 metres of 1.363 g/t gold, 7.62 metres of 1.481 g/t gold and ended in 13.73 metres of 2.09 g/t gold.

Drill holeTF-1638 intersected 22.90 metres of 0.921 g/t gold including 3.05 metres of 2.362 g/t gold. Drill hole TF-1645 drilled along the same section but 50 metres to the southwest intercepted a mineralized interval commencing at surface, of 19.6metres of 0.65 g/t gold. This interval included 7.62 metres of 1.26 g/t gold. Drill hole TF-1640 intercepted multiple mineralized zones starting at 9.14 metres depth to the north and west of the pit including 12.2 meters of 0.95 g/t gold.

Highlights of selected drill holes from the La Chicharra pit are as follows:

Table 2
Significant Assay Results for August and September 2011 from
the La Chicharra Open Pit.

 

 

 

Drill Intersections

 

 

 

 

 

 

 

Drill Hole

Depth

Section  

From

To

True Width

Au

Number

(m)

Line

(m)

(m)

(m)

g/t

TF-1638

210.31

2820W

6.10

28.96

22.90

 0.920

 

 

Includes

13.72

16.76

3.05

 2.360

TF-1640

201.17

2780W

41.15

53.34

12.20

0.950

 

 

Includes

44.20

48.77

4.60

 1.920

 

 

Includes

45.72

47.24

1.52

 3.140

 

 

and

57.91

71.63

13.70

  0.550

 

 

Includes

62.48

65.53

3.05

  1.390

 

 

and

79.25

80.77

1.52

 1.160

 

 

and

199.64

201.17

1.52

   1.310

TF-1641

192.02

2820W

0.00

19.81

19.80

  0.650

 

 

Includes

0.00

7.62

7.62

1.260

 

 

and

99.06

100.58

1.52

  0.610

TF-1643

82.82

2800W

0.00

16.80

16.80

 0.690

 

 

Includes

3.05

4.57

1.52

  1.260

 

 

Includes

6.10

10.67

4.60

   1.260

TF-1645

185.93

2800W

27.43

39.62

12.20

 1.050

 

 

Includes

27.43

30.48

3.05

3.200

TF-1646

210.31

and

45.72

68.58

22.90

 0.710

 

 

Includes

54.86

60.96

6.10

 1.580

 

 

and

146.30

147.83

1.52

0.590

TF-1647

182.88

2780W

0.00

16.76

16.70

 0.540

 

 

Includes

12.19

15.24

3.05

 2.230

 

 

and

51.82

54.86

3.05

  1.030

 

 

and

124.97

128.02

3.05

 0.730

 

 

Includes

124.97

126.49

1.52

1.320

 

 

and

153.92

161.54

7.60

  1.230

 

 

Includes

155.45

156.97

1.52

  3.590

TF-1648

164.59

and

16.76

19.81

3.05

   0.650

 

 

Includes

16.76

18.29

1.52

 1.180

 

 

and

57.91

60.96

3.05

3.030

 

 

Includes

57.91

59.55

1.52

   4.430

TF-1651

255.55

2840W

0.00

9.14

9.10

   0.830

 

 

Includes

0.00

3.05

3.05

 1.230

 

 

and

24.38

32.00

7.60

 0.710

 

 

Includes

27.43

30.48

3.05

1.380

 

 

and

48.77

50.29

1.52

   1.470

TF-1654

124.97

2580W

38.10

45.72

7.60

  0.540

 

 

Includes

39.62

41.15

1.52

   1.480

 

 

and

76.20

79.25

3.05

 0.610

 

 

Includes

76.20

77.72

1.52

 1.020

             


 

 

 

Drill Intersections

Drill Hole

Depth

Section

From

To

True Width

Au

Number

(m)

Line

(m)

(m)

(m)

g/t

TF-1656

173.74

2760W

0.00

9.14

9.14

0.926

 

 

Includes

0.00

3.05

3.05

1.260

 

 

Includes

6.10

7.62

1.52

1.816

TF-1662

182.88

2840W

41.15

68.58

27.43

0.556

 

 

Includes

41.15

42.67

1.52

2.110

 

 

Includes

45.72

47.24

1.52

1.425

 

 

Includes

57.91

59.44

1.52

1.020

 

 

Includes

65.53

67.06

1.52

1.080

TF-1668

155.44

and

25.91

27.43

1.52

0.886

 

 

and

82.30

92.96

10.66

0.587

 

 

Includes

91.44

92.96

1.52

2.930

 

 

and

96.01

108.20

12.19

0.508

 

 

Includes

103.63

105.16

1.52

1.100

 

 

and

118.87

128.02

9.15

3.011

 

 

Includes

118.87

120.40

1.52

17.150

TF-1673

152.40

2540W

68.58

106.68

38.10

0.536

 

 

Includes

76.20

79.25

3.05

1.238

 

 

Includes

91.44

92.96

1.52

3.200

 

 

Includes

96.01

97.54

1.52

1.020

 

 

and

124.97

134.11

9.14

0.590

 

 

Includes

124.97

126.49

1.52

1.540

TF-1677

155.45

2520W

9.14

48.77

39.63

0.625

 

 

Includes

19.81

21.34

1.52

1.190

 

 

Includes

25.91

27.43

1.52

1.925

 

 

Includes

30.48

35.05

4.57

1.065

 

 

Includes

36.58

38.10

1.52

3.480

TF-1678

204.22

2500W

76.20

138.68

62.48

0.544

 

 

Includes

88.39

89.92

1.52

1.215

 

 

Includes

102.11

106.68

4.57

1.464

 

 

Includes

111.25

118.87

7.62

1.157

TF-1679

210.31

2840W

36.58

83.82

47.24

0.500

 

 

Includes

38.10

39.62

1.52

1.020

 

 

Includes

56.39

60.96

4.57

1.255

 

 

Includes

67.06

70.10

3.04

1.126

TF-1696

283.46

2600W

149.35

249.41

100.06

1.000

 

 

Includes

153.92

164.59

10.67

2.429

 

 

Includes

176.78

185.93

9.18

1.363

 

 

Includes

187.45

195.07

7.62

1.481

 

 

Includes

217.93

231.65

13.73

2.090

TF-1701

271.27

2620W

153.92

160.02

6.10

1.929

 

 

Includes

156.97

158.50

1.52

6.980

 

 

and

167.64

196.60

28.96

1.289

 

 

and

222.50

227.08

4.57

0.582

 

 

and

233.17

237.74

4.57

0.650

             


 

 

 

Drill Intersections

Drill Hole

Depth

Section

From

To

True Width

Au

Number

(m)

Line

(m)

(m)

(m)

g/t

 

 

Includes

236.22

237.74

1.52

 1.330

TF-1703

269.75

2640W

45.72

47.24

1.52

 0.553

 

 

and

135.64

201.17

65.53

0.768

 

 

Includes

143.26

149.35

6.10

2.821

 

 

Includes

166.12

167.64

1.52

 1.435

 

 

Includes

170.69

172.21

1.52

 1.490

 

 

Includes

179.83

181.36

1.52

2.770

             

The company continues drilling and expects to complete in excess of 120,000 metres of drilling from July, 2011 to December 31, 2011. Further drill results will be provided on an ongoing basis.

This press release was reviewed and prepared by Lawrence A. Dick, Ph.D., P.Geo, a director of the Company, who is recognized as a Qualified Person under the guidelines of National Instrument 43-101 and by Miguel Soto, P. Geo., a director and the COO of the Company.

About Timmins Gold

Focused solely in Mexico, Timmins Gold Corp is in commercial gold production at its wholly owned San Francisco gold mine in Sonora, Mexico. The mine is a past-producing open pit heap leach operation. Timmins Gold has forecast production at a rate in excess of 100,000 ounces of gold per year. (Micon International NI 43-101F1 Technical Report dated November, 2010).

For more information, please contact:

Mr. Bruce Bragagnolo, LLB
Chief Executive Officer
Vancouver, BC, Canada
Tel: 604-638-8980
bruce@timminsgold.com  

Neither TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX accepts responsibility for the adequacy or accuracy of this release.

This News Release contains forward-looking statements. Forward-looking statements are statements, which relate to future events. In some cases, you can identify forward-looking statements by terminology such as "may", "should", "expects", "plans, "anticipates", believes", "estimates", "predicts", "potential", or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, level of activity, performance or achievements to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking statements.

While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggestions herein. Except as required by applicable law, Timmins Gold does not intend to update any forward-looking statements to conform these statements to actual results.

info