Excerpt from M&D released today.
The Phase II 20,000 meter drill program of diamond drilling has proven very successful. In total 18 Diamond Drill
holes were completed. The deepening of hole #9 resulted in finding a mineralized intersection having a grade and
width of 5.38 g/tonne Au over 11.15 meters. This included an intersection of 22.63 g/tonne Au over 1.45 meters.
Diamond Drill hole #30 was drilled 50 meters to the west of hole #9 and had a grade and width of 9.22 g/tonne over
a length of 11.0 meters including a 23.69 g/tonne Au over 4.10 meters. This second hole drilled parallel and to the
west has confirmed an increase in grade as we proceed to the west and a confirmation of continuity. There remains
an additional 1 kilometers of structure to west before we reach the Lakeshore property line.
The Phase II Diamond Drill program of 20,000 meters is now complete. The program consisted of drilling pilot
holes and wedging off of existing high grade intersections to confirm the continuity of the high grade mineralization
and develop a resource model has produced some very significant results. Results as high as 135.04 g/tonne over 3.1
meters as well as other significant intercepts of: 18.04 g/tonne over 3.7 metres, 12.52 g/tonne over 4.1 metres, 10.08
g/tonne over 4.3 metres, 82.30 g/tonne over 1.5 metres, 36.21 g/tonne over 1.5 metres, 10.064 g/tonne over 3.5
metres.
The success of the recent drill program has prompted the Company to initiate a 30,000 meter Diamond Drill
program. This drill program will be designed to expand the current know high grade underground intersections to
bring them into a resource and to delineate the near surface resource.
The Timmins Porcupine West Gold Property contains many gold occurrences. The Diamond Drilling to date show
the emergence two types of structural and lithological features typical of known world class gold camps. Its
porphyry-hosted gold mineralization resembles that of the Porcupine Camp’s Hollinger and McIntyre Gold Mines.
