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Timmins Gold Intersects 36.58 Metres Grading 0.816 Grams Per Tonne Gold at La Chicharra Open Pit
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Press Release Source: Timmins Gold Corp. On Thursday September 1, 2011, 6:30 am EDT
VANCOUVER, BRITISH COLUMBIA--(Marketwire -09/01/11)- Timmins Gold Corp. (TSX: TMM.TO - News) is pleased to announce results for drilling completed during the months of June and July, 2011 at the existing La Chicharra open pit located 2 kilometres west of the San Francisco open pit, in the state of Sonora, Mexico.
The most significant results were obtained along the projection of the La Chicharra mineral trend located 500 meters to the south of the San Francisco mine and 1,200 meters to the southeast of the La Chicharra pit along what appears to be a parallel mineral system to the San Francisco deposit.
Drilling at La Chicharra commenced in June and 16,204 meters of reverse circulation drilling were completed to the end of July. Drill results to date show similar grades and geological characteristics to initial results obtained from the San Francisco open pit in the late 1990's. Results to date indicate the mineralized zone at La Chicharra extends down dip from the existing pit to a depth of 200 metres beneath the north wall, and 300 meters parallel to the previously known gold mineralization. Ongoing drilling continues to the northwest of the La Chicharra prospect with the objective of testing mineralization along strike.
Highlights of selected holes from the drill program at La Chicharra are as follows:
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Drill Intersections
Drill Hole ---------------------------------------------------
Number Depth (m) From (m) To (m) True Width (m) Au g/t
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TF-1501 152.40 32.00 39.62 7.62 1.350
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TF-1505 161.54 47.24 60.96 13.72 0.560
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TF-1511 179.83 70.10 83.82 13.72 1.680
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TF-1512 155.45 62.48 68.58 6.10 1.090
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67.06 68.58 1.52 2.932
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TF-1515 185.93 68.58 85.39 16.81 0.480
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94.49 124.97 30.48 0.770
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TF-1517 185.93 48.77 51.82 3.05 0.410
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80.77 123.44 42.67 0.460
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146.30 156.97 10.67 1.331
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TF-1520 185.93 0.00 1.52 1.52 0.507
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59.44 71.63 12.19 1.240
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109.73 141.73 32.00 0.790
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TF-1539 234.7 12.19 15.24 3.05 0.788
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99.06 126.49 27.43 0.781
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106.68 111.25 4.57 1.498
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120.40 123.44 3.05 1.475
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131.06 134.11 3.05 0.961
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TF-1541 222.5 185.93 214.88 28.96 0.909
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TF-1545 222.5 64.01 118.87 54.86 0.529
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TF-1547 222.5 3.05 12.19 9.14 1.139
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102.11 120.40 18.29 0.932
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TF-1554 158.5 115.82 117.35 1.52 1.015
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TF-1560 185.93 82.30 134.11 51.82 0.528
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TF-1561 210.31 0.00 1.52 1.52 1.110
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32.00 44.20 12.19 0.949
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TF-1562 207.26 115.82 184.40 68.58 0.567
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153.92 170.69 16.76 1.279
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TF-1564 207.26 112.78 149.35 36.58 0.816
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TF-1570 204.22 47.24 51.82 4.57 1.086
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47.24 50.29 3.05 1.380
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82.30 131.06 48.77 0.469
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TF-1574 204.22 67.06 80.77 13.72 0.995
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152.40 163.07 10.67 1.287
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152.40 160.02 7.62 1.726
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For a map of the drill hole locations, please refer to the Company's website at www.timminsgold.com or under the heading http://www.timminsgold.com/i/maps/la-chicharra-plan-map-and-cross-sections.jpg.
The samples collected during the drilling were prepared by the Company and assayed by Inspectorate-Vancouver using fire assay and gravimetric finish. Strict sampling and QA-QC protocol were followed to ensure the best practices in sampling and analysis of the drill samples. Duplicates, standards and blanks were inserted into the sampling stream at intervals of 25 samples.
About Timmins Gold
Timmins Gold Corp. is a gold production and development company. In April 2010, Timmins Gold commenced commercial production at its wholly owned San Francisco gold mine in Sonora, Mexico. Timmins Gold has projected production at a rate of approximately 100,000 ounces of gold per year at a life of mine cash cost of approximately $489 per ounce. (Micon International Preliminary Feasibility Study, November 2010).
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. For further information contact Timmins Gold Corp. at 604-682-4002 or go to the website at www.timminsgold.com.
On behalf of the Board:
Bruce Bragagnolo, LLB, Chief Executive Officer
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