TSX Venture Exchange
Shares Outstanding: 357,521,926
TORONTO, Feb. 9 /CNW/ - NWM is pleased to announce that the 2011
exploration program has begun this week at the Company's Campamento
exploration area. This is an area south of the proven and probable gold
reserve currently defined at the La Jojoba northeast zone.
Campamento is highly-prospective for gold mineralization and has
specific target areas identified by an enzyme leach soil geochemical
study conducted in 2010. Previous soil geochemical anomalies and
several historic workings also provide evidence of the excellent
potential for resource discoveries at Campamento.
Field work began this week and consists of mapping existing geological
features and historic workings as well as the further collection of
surface samples. Engineering support is being provided for the design
and construction of roads across the Campamento area, which will
facilitate access by exploration drills and geological teams.
Construction support has been mobilized to provide a small exploration
office, a drill maintenance shop and utilities.
Contracts have been issued for a road building and exploration drilling
program. The drilling is scheduled to begin on Feb 14, 2011, and will
extend over 2-3 months. The initial contracts are for 4,000 meters of
reconnaissance drilling, with holes designed to probe specific target
areas. The data from this initial drilling will guide the siting of
diamond drill holes to further test any mineralized zones that are
The Campamento Exploration program is being directed by Esteban
Dominguez, Chief Exploration Geologist for Minera Columbia de Mexico SA
de CV (MCM). MCM holds title to all mineral claims covering and
surrounding the Campamento area and the adjacent Lluvia-Jojoba Project.
MCM is a 100% owned subsidiary of NWM Mining Corporation.
La Jojoba and Campamento zone to the south - Lluvia de Oro to the east
This press release has been prepared by R. Bruce Thorndycraft, COO.
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:
please contact NWM Mining Corporation at (416) 364-6799