West Timmins Mining Inc. has hit a deep, if relatively low-grade, finding on its wholly-owned Thorne property in Ontario. Hole GW08-33 returned a 60.50 m interval which averaged 1.03 g/t gold. Included in this 60.5 metre stretch on the Golden River West Zone were three different high-grade intervals: 14.50 g/t over 1.10 metres, 15.80 g/t over 0.80 metres and 7.13 g/t over 1.20 metres. As the news release point out, the Golden River Trend (including Golden River West) already has a NI 43-101 complaint resource estimate, of 4.0 Mt of 3.03 g/t gold. That estimate does not include the announced GW08-33 hole results, which extends the Golden River West zone. The release also specifies the other areas that West Timmins is testing currently.
As of the time of this posting, the market has not opened yet. West Timmins is currently 30 cents bid, 43 cents asked; yesterday's close was at 40 cents.
The West Timmins Mining Inc. Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Tuesday, March 10, 2009
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