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| | May 11, 2010
Santo Domingo Drilling Confirms Grades and Extends Mineralization
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| | Vancouver, BC. - Far West Mining Ltd. (TSX: FWM) is pleased to report the results from twenty diamond drill holes at Santo Domingo. The drill holes were designed to in-fill the basic drill pattern and provide sample material for metallurgical testing. The holes intersected mineralized intervals of expected width and grade (see Table 1 for drilling summary).
Two angle drill holes at the western edge of the deposit were drilled to intersect the bounding fault at the bottom of the hole but ended in mineralization despite reaching beyond the targeted depth. A new set of holes designed to intersect the western edge of the deposit, has confirmed that the mineralization extends between sixty and seventy metres further than previously interpreted and adds tonnage to a high grade area of the deposit. Additional drilling is in progress to continue to test the strike and dip of the fault. Assays are pending and will be reported as soon as they are available.
From December 2009 to March 2010, the Company conducted a drill program at the Santo Domingo Project in Chile. The purpose of the program was to in-fill between the existing drill holes to provide higher confidence in the resource and to obtain sample material for pre-feasibility level metallurgical test work including crushing, grinding and variability test work for copper and iron extraction. The in-fill RC (reverse circulation) drill holes in the initial production area were reported March 15, 2010.
This release summarizes the results from twenty diamond drill holes that were strategically positioned to in-fill various parts of the deposit (see Figures 1 and 2), and to provide sample material for metallurgical testing. The diamond drill holes combine for a total of 7,372m and intersected mineralization of expected width and grade (see Table 1).
Drill holes 370 and 387 (see Figure 1), located 200m apart on the western edge of the deposit, were targeted to intersect the east dipping bounding fault at a depth of approximately 300m. The holes did not intersect the fault and continued in mineralization. The Company has drilled additional holes to define the western limit of the deposit. The two drill holes were drilled from west to east and intersected strong manto mineralization about 60m-70m to the west of the previously interpreted edge of the ore body. These results extend a high grade part of the deposit and will provide additional tonnage. The extent of the increased tonnage will be determined in the resource estimate scheduled for June 2010. Drilling is continuing and assays for these holes will be reported when available.
Table 1 Drill Results
Drill hole
Number |
Angle
(degrees) |
From
(metres) |
To
(metres) |
Interval
(metres) |
Grade
(% Cu) |
Grade
(% Fe) |
Grade
(g/t Au) |
|
|
|
|
|
|
|
|
360 |
-60 |
74 |
102 |
28 |
0.38 |
30.6 |
0.05 |
|
|
124 |
140 |
16 |
0.21 |
35.3 |
0.05 |
|
|
178 |
194 |
16 |
- |
35.4 |
- |
|
|
216 |
294 |
78 |
0.15 |
27.1 |
- |
|
|
|
|
|
|
|
|
361 |
-60 |
58 |
160 |
102 |
0.10 |
26.4 |
- |
|
|
|
|
|
|
|
|
362 |
-60 |
70 |
126 |
56 |
0.40 |
17.0 |
0.06 |
|
|
|
|
|
|
|
|
363 |
-60 |
116 |
232 |
116 |
0.30 |
27.8 |
0.05 |
incl. |
|
116 |
148 |
32 |
0.52 |
36.0 |
0.07 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
364 |
-60 |
16 |
108 |
92 |
- |
29.1 |
- |
|
|
130 |
182 |
52 |
0.13 |
25.8 |
|
|
|
|
|
|
|
|
|
365 |
-60 |
186 |
348 |
162 |
- |
28.2 |
- |
incl. |
|
190 |
220 |
30 |
- |
49.6 |
- |
|
|
|
|
|
|
|
|
366 |
-60 |
122 |
158 |
36 |
0.28 |
12.8 |
0.02 |
|
|
158 |
266 |
108 |
0.11 |
33.7 |
- |
|
|
|
|
|
|
|
|
367 |
-75 |
248 |
404 |
156 |
0.15 |
26.9 |
- |
|
|
|
|
|
|
|
|
368 |
-75 |
244 |
374 |
130 |
- |
30.1 |
- |
|
|
|
|
|
|
|
|
369 |
-75 |
200 |
256 |
56 |
0.17 |
35.9 |
- |
|
|
282 |
380 |
98 |
0.14 |
34.0 |
- |
|
|
|
|
|
|
|
|
370 |
-80 |
168 |
274 |
106 |
0.59 |
35.6 |
0.08 |
|
|
302 |
356 |
54 |
0.60 |
32.3 |
0.08 |
|
|
456 |
512 |
56 |
0.54 |
24.4 |
0.07 |
|
|
|
|
|
|
|
|
371 |
-65 |
186 |
236 |
50 |
0.60 |
31.3 |
0.06 |
|
|
|
|
|
|
|
|
372 |
-75 |
154 |
206 |
52 |
0.66 |
37.6 |
0.09 |
|
|
232 |
322 |
90 |
0.24 |
33.1 |
|
incl. |
|
232 |
270 |
38 |
0.47 |
34.8 |
0.07 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
373 |
-75 |
168 |
218 |
50 |
1.02 |
34.9 |
0.14 |
|
|
|
|
|
|
|
|
374 |
-70 |
50 |
146 |
96 |
0.78 |
34.1 |
0.09 |
incl. |
|
70 |
128 |
58 |
0.97 |
36.7 |
0.11 |
|
|
166 |
216 |
50 |
0.58 |
34.8 |
0.07 |
|
|
|
|
|
|
|
|
375 |
-75 |
56 |
184 |
128 |
0.72 |
36.8 |
0.10 |
incl. |
|
58 |
104 |
46 |
0.97 |
36.8 |
0.11 |
|
|
218 |
348 |
130 |
0.52 |
30.2 |
0.08 |
|
|
|
|
|
|
|
|
376 |
-75 |
202 |
312 |
110 |
0.31 |
35 |
- |
incl. |
|
202 |
228 |
26 |
0.65 |
38.4 |
0.08 |
|
|
|
|
|
|
|
|
379 |
-75 |
120 |
188 |
68 |
0.74 |
34.3 |
0.11 |
|
|
200 |
252 |
52 |
0.77 |
36.1 |
0.10 |
|
|
270 |
320 |
50 |
0.52 |
35.2 |
0.07 |
|
|
|
|
|
|
|
|
384 |
-50 |
46 |
86 |
40 |
0.58 |
26.3 |
0.07 |
|
|
104 |
154 |
50 |
0.61 |
29.2 |
0.08 |
|
|
|
|
|
|
|
|
387 |
-75 |
76 |
270 |
194 |
0.61 |
31.6 |
0.08 |
|
|
410 |
488 |
78 |
0.63 |
26.0 |
0.08 |
|
|
|
|
|
|
|
|
Note that copper grades below 0.1% are not reported in this table. Gold assays were triggered by copper assays of more than 0.1% copper.
The drill holes were designed to intersect the mineralization perpendicular to its strike and dip according to current interpretation. Reported intervals in all drill holes are therefore close to true width.
The drill holes will provide sufficient sample material for detailed metallurgical test work including crushing and grinding as well as variability test work for copper and iron extraction. The results from the test work will feed into the pre-feasibility study that is scheduled to be completed by Q4/2010.
Figure 1: FalconTM airborne gravity image showing the location of drill holes at Santo Domingo and Iris.
Figure 2: FalconTM airborne gravity image showing the location of drill holes in Iris Norte. The distance between hole 363 in figure 1 and hole 362 in figure 2 is approximately 1,300m.
The in-house qualified person responsible for the Project is Richard Zimmer, P. Eng., Chief Executive Officer, President and a director of the Company who has reviewed and approved the contents of this news release.
Far West Mining Ltd. is an international mineral exploration company engaged in the evaluation, acquisition, exploration and development of mining properties. The Company has current operations in Chile and Australia.
FAR WEST MINING LTD.
"Richard N. Zimmer"
Richard N. Zimmer, P.Eng.
President and C.E.O.
For further information investors should review the Company's filings that are available at www.sedar.com or contact Richard Zimmer at (604) 602-9144 or info@farwestmining.com, www.farwestmining.com.
The TSX does not accept responsibility for the adequacy or accuracy of this news release.
This news release contains certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical fact, that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that the Company expects to occur, are forward looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans" "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Information inferred from the interpretation of drilling results and information concerning mineral resource estimates may also be deemed to be forward looking statements, as it constitutes a prediction of what might be found to be present when and if a project is actually developed. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. The Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
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