VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 05/20/11 -- Far West Mining Ltd. (TSX: FWM) is pleased to announce drill results from its recent drill program in Chile.
The purpose of the program was to conduct condemnation drilling for the pre-feasibility study and to test several geophysical anomalies, at Santo Domingo and on a property 120 kilometres SSW near the city of Copiapo (Area 6d).
Condemnation drill holes successfully sterilized the proposed locations of waste dumps, tailings facilities and the plant site at the Santo Domingo project. One drill hole at Santo Domingo intersected 58 metres at 0.38% Cu close to surface. Mineralization is open in several directions.
Exploration drilling at Area 6d intersected sub-economic stacked manto mineralization.
In the period from February to April 2011, Far West Mining ("the Company") completed 17 drill holes for a total of 4,994 metres at its properties in Chile. The majority of the drill holes (14 drill holes for 4,138 metres) were completed at the Santo Domingo property. Three holes (830 metres) were designed to test magnetic anomalies that were defined by a high resolution ground magnetic dataset. The other eleven drill holes (3,308 metres) were designed to sterilize the ground that is proposed to host the plant, waste dumps and tailing facilities of the Santo Domingo project.
Three exploration drill holes (856 metres) were completed in the 6d Area.
Santo Domingo
Drill hole EXDH-03 intersected 58 metres of 0.38% copper starting at a depth of ten metres. The drill hole is located approximately 500 metres to the northwest of known mineralization of the Iris zone (see Figure 1). Previous drill holes to the south and east did not intersect this zone of mineralization that appears to be open to the north and west. The low sulfur content of the mineralized interval suggests that the copper grade is carried in oxide minerals similar to the upper parts of the adjacent Iris and Iris Norte zones. Additional drilling will be carried out to determine the extent of this zone.
The condemnation holes were drilled to a depth of 300 metres and intersected occasional iron oxide manto horizons of insignificant thickness (6-20 metres) without significant copper mineralization. The areas for proposed waste dumps, tailings facilities and the plant location have now been adequately sterilized.
To view Figure 1, visit the following link: http://media3.marketwire.com/docs/FarWestFigure1.jpg
Exploration Drilling at Area 6d
Three exploration drill holes were completed for a total of 856 metres at the 6d Area. The area is located along the eastern side of the Atacama fault zone. The local geology consists of andesite flows, volcanic sediments and intrusions of intermediate composition (diorite). The drill holes targeted large geophysical anomalies adjacent to outcropping narrow iron oxide manto horizons. Drill holes 002 and 004 intersected manto mineralization with moderate copper grades at depth (see Table 1). The large size of the geophysical anomalies coupled with the presence of copper mineralization at depth warrants additional drilling in the area.
The Company has identified iron copper mineralization on several properties along a 150 kilometre segment of the Chilean IOCG belt. The exploration potential of the belt, particularly under cover, remains high.
Table 1 Drill Results
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Drill hole Angle From To Interval Grade Grade
Number (degrees) (metres) (metres) (metres) (% Cu) (% Fe)
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EXDH-03 -90 10 68 58 0.38 23.9
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incl. 10 50 40 0.47 24.9
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6d-11-002 -60 86 94 8 0.13 29.8
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140 152 12 0.20 29.2
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6d-11-004 -60 48 60 12 0.20 40.7
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92 98 6 0.10 34.6
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162 168 6 0.16 27.0
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Reported widths are close to true width as drill holes were designed to
intersect mineralization perpendicularly.
The in-house qualified person responsible for the Project is Richard N. Zimmer, P. Eng., President and CEO of Far West Mining Ltd. 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, P.Eng. President and C.E.O.
For further information investors should review the Company's filings that are available at www.sedar.com.
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 c oncerning 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.
The TSX does not accept responsibility for the adequacy or accuracy of this news release.
Contacts:
Far West Mining Ltd.
Rick Zimmer
(604) 602-9144
info@farwestmining.com
www.farwestmining.com
