Timmins Gold Corp.: Channel Sampling on Surface Yields 2.21 g/t Gold Across 99 Meters at Cocula Property, Jalisco, Mexico: Financial News

Timmins Gold Corp.: Channel Sampling on Surface Yields 2.21 g/t Gold Across 99 Meters at Cocula Property, Jalisco, Mexico
Tuesday April 15, 2008 1:08 pm ET

VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Apr 15, 2008 -- Timmins Gold Corp. ("Timmins" or the "Company") (CDNX:TMM.V - News) announces it has completed its first phase of sampling from trenches at its Cocula Project located approximately 50 kilometers west of Guadalajara, Jalisco, Mexico. The 102 channel samples taken across the highly oxidized and brecciated zone returned 2.21 g/t Au, 19 g/t Ag, 0.97% Pb, 0.11% Zn and 0.08% Cu across 99 meters. A high grade core within the breccia returned 6.90 g/t Au, 17.7 g/t Ag, 0.06% Cu, 1.07 % Pb, 0.12% Zn across 18 meters. This NW-SE trending alteration zone has been traced along strike for at least 1.5 kilometers and a width of 200 meters. The alteration zone remains open along strike. The system is exposed over a vertical extent of between 40 and 50 meters and is projected to extend at least an additional 100 meters down dip.

The following table summarizes the assay and analytical results from the channel sampling program completed within trenches across the 100 meters of continuous outcrop:

 

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Channel Sampling
----------------          Width      Au     Ag     Cu     Pb     Zn
From          To             (m)    g/t    g/t      %      %      %
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CCJ-04    CCJ-10            7.0    1.56     17   0.13   0.68    0.1
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CCJ-11    CCJ-16            6.0    12.5     21   0.07   1.15   0.12
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CCJ-17    CCJ-28           12.0    4.08     16   0.06   1.03   0.13
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CCJ-29    CCJ-32            4.0    0.76     13   0.06   1.86   0.11
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CCJ-33                      1.0    7.74   17.2   0.04   0.95   0.06
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CCJ-34    CCJ-47           14.0    0.94     23   0.03   1.42   0.12
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CCJ-48    CCJ-49            2.0    6.38     16   0.01    0.8   0.15
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CCJ-50    CCJ-61           12.0     1.2     24   0.01   1.47   0.19
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CCJ-62    CCJ-75           14.0    0.45     22   0.03    0.9   0.17
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CCJ-76                      1.0    5.92     90   0.07    2.1   0.03
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CCJ-77    CCJ-81            5.0    0.29      6   0.33   0.23   0.04
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CCJ-82                      1.0   12.46    154   0.21   0.26   0.01
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CCJ-83   CCJ-102           20.0    0.38      6   0.12   0.07   0.03
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AVERAGE GRADES             99.0    2.22   18.7   0.08   0.90   0.11
                ---------------------------------------------------
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(i) All sampling was completed on a systematic basis at 1 meter intervals.

The epithermal mineralization lies within an argillized and brecciated shear zone between two semi parallel faults within a volcano-sedimentary sequence. The zone is strongly oxidized and silicifified with common jarosite and boxworks of galena and sphalerite. Silicification is present in the form of vuggy silica, chalcedony banding and quartz veinlets. The bottom of the oxidized cap within the volcano sedimentary sequence can be identified by pervasive silicification and intense quarts veinlets, including disseminated pyrite, lead and zinc sulfides near its base. Assays from the transition and sulphide zones have been submitted for assay with results pending.

More comprehensive sampling and geological mapping program is currently being completed by Timmins geologists with a reverse circulation drill program to commence in late May. The use of various geophysical and geochemical applications, including induced polarization and soil sampling to help identify parallel structures currently masked by the alluvial cover are also being considered.

While Timmins technical staff and Management had been confident a low grade, bulk tonnage target could be identified, the high grade results encountered on surface have made evaluation of the economic potential of the Cocula Property a high priority for the Company.

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.

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 suggests herein. Except as required by applicable law the Company does not intend to update any forward-looking statements to conform these statements to actual results.

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