TSX Venture Exchange
Shares Outstanding: 402,069,593
TORONTO, April 7 /CNW/ - NWM Mining Corporation (the "Company" TSX-V:
NWM) today announced that it has defined another high priority 2011
exploration objective for the Lluvia-Jojoba project.
In recent months NWM has been conducting soil sampling and surface
reconnaissance over an area south of the Creston Pit at the Lluvia de
Oro mine. Creston Pit is the site of current gold production activity
at the Lluvia-Jojoba project. Preliminary exploration results from the
area south of Creston Pit have identified a broad zone of combined
gold-copper soil geochemical anomalies. The anomalous gold-copper
values detected exceed values obtained elsewhere on the combined
Lluvia-Jojoba project area to date.
Elevated gold and copper values in soil are generally considered to be a
good proxy for identifying areas where ore-grade gold and copper
deposits may be located sub-surface. Recent soil geochemistry work,
coupled with reconnaissance, surface mapping and limited rock chip
sampling from the Gold Ridge and El Cobre West targets, has identified
an area 800 meters long (NE to SE trend) and 900 meters wide (E to W)
with gold values up to 2,400 ppb (parts per billion) and copper values
up to 1,015 ppm (parts per million). These levels of gold and copper,
and the results of numerous other samples analyzed in the area of
interest, exceed the otherwise very high soil geochemical results that
define other exploration initiatives in the Lluvia-Jojoba project area.
These new data are significant in that they identify a large area
located very close to existing NI 43-101 compliant Mineral Reserves
that are being actively mined by the Company. The objective of further
exploration in the recently defined area is to identify new mineral
resources for the project.
The Company will commence additional surface exploration work
immediately and will follow-up with diamond core drilling and RC
drilling in May-June. Interim results of these on-going activities will
be reported in future press releases as they become available.
The Company's 100% owned Lluvia-Jojoba gold project is located
approximately 100 kilometers south of Nogales Arizona, near the town of
Magdalena de Kino, Sonora, Mexico. The project is comprised of 5,074
hectares of mineral concessions that include the Lluvia de Oro gold
mine, the Northeast Zone of La Jojoba and several additional
exploration target areas of merit.
To view the map, please follow this link: http://files.newswire.ca/843/NWMmap.pdf
This press release has been prepared by Rodney A. Blakestad, C.P.G.,
CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION
This news release includes "forward-looking information", as such term
is defined in applicable securities laws. Forward-looking information includes, without limitation, the
success of exploration activities, price outlooks, production
expectations and other similar statements concerning anticipated future
events, conditions or results that are not historical facts. These
statements reflect management's current estimates, beliefs, intentions
and expectations; they are not guarantees of future performance. The
Company cautions that all forward looking information is inherently
uncertain and that actual performance may be affected by a number of
material factors, many of which are beyond the Company's control.
Accordingly, actual future events, conditions and results may differ
materially from the estimates, beliefs, intentions and expectations
expressed or implied in the forward-looking information. All statements
are made as of the date of this news release and the Company is under
no obligation to update or alter any forward-looking information.
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy of this release.
SOURCE NWM Mining Corporation
For further information:
NWM Mining Corporation at (416) 364-6799