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Message: Timmins Gold Intersects 11.64 g/t Gold Across 2 Meters

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Timmins Gold Intersects 11.64 g/t Gold Across 2 Meters

posted on Dec 16, 08 09:15AM

Timmins Gold Intersects 11.64 g/t Gold Across 2 Meters, 6.17 g/t Gold Across 3 Meters, and 4.43 g/t Gold Across 4 Meters in Separate Drill Holes at Tequila Project

Timmins Gold (TSX VENTURE:TMM) announces the assay results of an 18 hole, 3,829 meter diamond drill program at its Tequila Project in the state of Jalisco, Mexico. Highlights of the program include Hole BD-1, (results previously announced), that intersected 5.88 g/t gold across 24.3 metres and Hole BD-2, located 50 metres along strike and 50 meters up dip from BD-1 along the Veta Grande Vein system, that returned 2.36 g/t gold across 13 metres. Five of the holes confirmed the continuity of the Veta Grande Vein over 350 meters of strike length. Other significant intersections include 5.6 g/t gold across 1.5 meters in Hole BD-6, 1.82 g/t gold across 23.35 meters, including 11.64 g/t gold across 2 meters in Hole BD-7, 6.17 g/t gold across 3 metres in Hole BD-9 and 4.43 g/t gold across 4 metres in Hole BD-18. Complete assay and analytical results from the above holes are shown in the table below.

       Summary of Significant Assay Results for the 2008 Drilling

                          Program Tequila Project

--------------------------------------------------------------------------

--------------------------------------------------------------------------

                                                Drill

                                                 Hole

Drill    Cross-         Mineralization          Assay

Hole   Section             Interval (m)       Results             Comments

                  ------------------------------------

                                  Core      Au     Ag

                  From      To  Length    (g/t)  (g/t)

--------------------------------------------------------------------------

--------------------------------------------------------------------------

                                                               Veta Grande

BD-1       S-2   23.00   40.00   17.00   1.234    7.6          vein system

      -----------------------------------------------

      includes   23.00   31.00    8.00   1.764   10.1

      -----------------------------------------------

      includes   27.00   29.00    2.00   4.370   27.0

      -----------------------------------------------

           and   94.50  126.80   32.30   4.834   29.0

      --------------------------------------------------------------------

                                                          Veta Grande vein

      includes   94.50   98.50    4.00   5.660   39.4   system Ore-shoot 1

      --------------------------------------------------------------------

      includes   96.50   98.50    2.00  10.670   69.0

      --------------------------------------------------------------------

                                                          Veta Grande vein

                103.50  109.05    5.55  15.143    8.1   system Ore shoot 2

      -----------------------------------------------

            or  107.50  109.05    1.55  40.400  229.1

      --------------------------------------------------------------------

                109.05  111.80    2.75  No Core (existing adit)

      --------------------------------------------------------------------

                113.80  118.80    5.00   6.490   40.9

--------------------------------------------------------------------------

--------------------------------------------------------------------------

                                                               Veta Grande

BD-2       S-2   21.00   43.00   22.00   1.579    6.3          vein system

      -----------------------------------------------

      includes   22.00   23.20    1.20   2.400      -

      --------------------------------------------------------------------

                                                               Ore-shoot 1

      includes   31.00   44.00   13.00   2.361      -     Veta Grande vein

      -----------------------------------------------

      includes   34.00   36.00    2.00   3.390      -

      -----------------------------------------------

      includes   40.00   41.00    1.00   3.430      -

      -----------------------------------------------

           and   49.00   50.00    1.00   0.694    8.1

--------------------------------------------------------------------------

--------------------------------------------------------------------------

BD-6             30.50   31.50    1.00   0.926    0.7        This hole was

           and  136.00  137.50    1.50   5.640   11.1           focused on

                                                             exploring the

                                                             continuity of

                                                            the high grade

                                                               gold in the

                                                                  existing

                                                               underground

                                                               workings of

                                                             the Guadalupe

                                                          vein. Hole BD-06

                                                           intersected two

                                                            intervals that

                                                          could correspond

                                                         to the projection

                                                          at depth of this

                                                         mineral structure

--------------------------------------------------------------------------

--------------------------------------------------------------------------

                                                               Veta Grande

BD-7       S-2   22.00   45.35   23.35   1.820    9.1          vein system

      -----------------------------------------------

      includes   25.25   28.35    3.10   3.074    N/A

      -----------------------------------------------

      includes   43.35   45.35    2.00  11.642    N/A

--------------------------------------------------------------------------

--------------------------------------------------------------------------

                                                            Mineralization

                                                           within the Veta

BD-9       S-6   22.00   23.00    1.00   0.890    0.5   Grande vein system

      -----------------------------------------------

           and   37.00   38.00    1.00   2.370   20.6

      -----------------------------------------------

           and   75.00   78.00    3.00   6.176   31.8

      -----------------------------------------------

           and  104.50  110.50    6.00   1.430   25.3

--------------------------------------------------------------------------

--------------------------------------------------------------------------

                                                               Mineralized

                                                             intersections

                                                                within the

                                                                projection

                                                            of the mineral

BD-18      S-3   27.00   30.00    3.00   0.631    1.0      trend to the SW

      -----------------------------------------------

           and   48.00   56.00    8.00   0.511    1.5

      -----------------------------------------------

           and   85.00   86.00    1.00   0.738    5.6

      -----------------------------------------------

           and   96.00  100.00    4.00   4.430   48.1

--------------------------------------------------------------------------

--------------------------------------------------------------------------

Seventeen of the eighteen holes were focused on testing the down dip continuity of the Veta Grande epithermal vein system that developed within a dilation zone, created by the intersection of two regional fault systems. The NE-SW trending system allowed the formation of a belt of gold occurrences that outcrop along 600+ meters of strike, varying from 0.50 to 15 meters in width. The intersecting NW-SE trending system provided a favorable environment for the emplacement of a system of veins varying from 0.50 to 2 meters in width. The Veta Grande vein is the principal mineralized structure, consisting of an auriferous structural "loop" with several minor splits. The mineralization identified at the Tequila Project is consistent with that of a low sulphidation, "hotspring" type epithermal deposit model characterized by colloidal quartz, advanced argillic alteration and depleted sulphide mineralogy (i.e. pyrite). The gold mineralization is hosted within a quartz stockwork system formed within a brecciated zone of micro veins and veinlets up to 1 meter wide.

Drilling to date has tested only 1/3 of the known strike length of the mineralized system. Of the 18 holes completed, 14 returned economic gold grades over appreciable widths. Five of the holes confirmed the continuity of the Veta Grande Vein over 350 meters of strike length. The Company is currently reviewing the data from the drill program to assess future exploration activity.

Qualified Person

Pursuant to National Instrument 43-101, Darcy Krohman, P.Geo., C.A,. Executive Vice-President and CFO of Timmins Gold Corp. is the Qualified Person (QP) responsible for the disclosure in this news release. Field work has been conducted by Timmins Gold Corp. employees and contractors.

We seek Safe Harbor.

This News Release contains forward-looking statements. Forward-looking statements are statements which relate to future events. In some cases, you can identify forward-looking statements by terminology such as "may", "should", "expects", "plans, "anticipates", believes", "estimates", "predicts", "potential", or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, level of activity, performance or achievements to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking statements.

While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect out current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggestions herein. Except as required by applicable law, Timmins Gold does not intend to update any forward-looking statements to conform these statements to actual results.

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