Timmins Gold
On site at present, Timmins Gold's mining and crushing operations are continuing with the available Komatsu shovel and six Caterpillar 100 ton trucks until the full mining fleet arrives. Over 100,000 metric tonnes of ore have been stacked on the heap leach pads and gold leaching has begun.
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Description
Timmins Gold Corp is engaged in the exploration and development of gold projects in Mexico. The company aspires to become a senior gold production and development company and has an aggressive development and acquisition plan to take the Company into production in late 2008. With a pre-feasibility report complete on its "flagship" San Francisco property in Sonora Mexico, Timmins is moving towards a minimum annual 80,000 ounces of gold production.
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Company Statement:
Timmins Gold Corp is strategically positioned to become a gold production and development company. Focused solely in Mexico, Timmins Gold has formulated an aggressive development and acquisition plan which is designed to take the Company into production on its "flagship" project the San Francisco gold mine in Sonora Mexico.
A preliminary feasibility report received this year confirms the "economic viability of the mine" which is scheduled to produce 80,000 oz of gold per year.
The gold plant is on site and has been recently refurbished and tested and the new crushers are being installed. With all permits now complete and in place Timmins anticipates being in production in 2009.
On the exploration front, Timmins has assembled 6 additional gold properties currently under development and or exploration. The most recent is the TIM Claims, a 40,000 hectare gold property located contiguous to Goldcorp's 13,000,000 oz Penasquito Gold Deposit in Zacatecas.
The Company's goal is to utilize future cash flow to expand reserves of the San Francisco Mine, advance its exploration projects and make strategic acquisitions. The commencement of production combined with exploration potential, positions Timmins Gold for exceptional growth and increased shareholder value. Timmins trades on the TSX.V under the symbol TMM.
Current Operations:
San Francisco Property
The San Fransisco Mine is a past producing open pit operation with a gold reserve of 611,000 ounces and growing. A gold plant with a capacity in excess of 100,000 ounces per year is on site and has been completely refubished and tested. Timmins Gold has refurbished the primary crusher and has ordered new secondary and teritary crushers scheduled to be operational February, 2009. With the entire permitting process now complete, Timmins is cleared to complete its development and construction activities. (Read More)
Tequila Property
During the 2008 fiscal year the Company entered into an option to acquire a 100% interest in the Tequila Property located approximately 30 kilometres north of the city of Tequila, Jalisco, Mexico and 100 kilometres north of Guadalajara. The property consists of four concessions covering approximately 564 hectares. (Read More)
Cocula Property
During early 2008 the Company completed first phase sampling of several trenches at its Cocula Project located approximately 50 kilometres west of Guadalajara, Jalisco, Mexico. The 102 channel samples taken across the highly oxidized and brecciated zone returned an average grade of 2.21 g/t Au, 19 g/t Ag, 0.97 % Pb, 0.11 % Zn and 0.08 % Cu across 99 metres. 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 metres. (Read More)
El Capomo Property
In early fiscal 2008, the Company acquired the mineral rights to 60,000 hectares in four claim blocks by staking. The El Capomo Property is located in Nayarit State, approximately 50 kilometres east of Puerto Vallarta. The property is located in the Sierra Madre del Sur physiographic province consisting of rhyolitic and andesitic volcanics intruded by granite and granodiorites along a system of faults and fractures that are up to eight kilometres in length. Horst and graben structures displace these larger structures in several locations on the property having created favourable conduits for mineralizing fluids. Sulphide and precious metal mineralization is hosted in epithermal veins measuring five to 20 metres in width, and 500 to 1,000 metres in length. (Read More)
Trincheras and Patricia Property
These two claims total approximately 20,000 hectares and are to the west of the San Francisco claim block. They were staked by the Company to cover occurrences of mineralization and old mines in the area. They are on trend with the structures at the San Francisco property and are also within the Mojave Sonora megashear where large tonnage open heap mining operations such as La Herradura are defining multi million ounce deposits of gold with the same grade as the San Francisco mine.
Tim Claims
During the current period the Company acquired, by staking, a 40,000 hectare land package in the Peňasquito area of Mexico. The claims are contiguous to the Peňasquito Gold Deposit (Goldcorp) and are approximately 20 km to the northwest of the Camino Rojo project (Canplats Resources). As of June 2007, Goldcorp reported proven and probable gold reserves at Peňasquito of 13.0 million ounces. Canplats Resources has reported drill intercepts of up to 224 metres averaging 1.50 grams of gold and 24.45 grams of silver per tonne from its Camino Rojo project. (Read More)
El Picacho Property
During the current period, the Company entered into an option agreement to acquire a 100 percent interest in the 703 hectare El Picacho property located 20 kilometers west of the San Francisco Mine. The Company also staked an additional 6,500 hectares encompassing the claims along the principal trend of the mineralization and now controls over 70,000 hectares either proximate to or surrounding the San Francisco Mine and the Sonora-Mojave Megashear. (Read More)
Management
- Bruce Bragagnolo, LLB: CEO/Director
- Arturo Bonillas, P.Eng: President/Director
- Eugene Hodgson: CFO, Director
- Miguel Angel Soto, Geo. Eng: Chief Operating Officer/Director
- Alfredo Barraza, B. Sc., P.Eng: San Francisco Mine Manager 
- Lee Graber: Director
- Hallein Darby, C.A.: Vice President Finance
- Guillermo Garcia, Geo.Eng: VP New Projects
- Lawrence A. Dick, Phd., P.Geo: Director
- Louis Rozman: Director
Major Shareholders
For investor information click here
Contact Information
Blvd. Navarrete 125-12
Col. Valle Verde, Hermosillo,
Sonora, Mexico
83200
Tel: 011-52-662-218-1067
Fax: 011-52-662-260-3503
Suite 520 - 609 Granville St
Vancouver, BC, Canada
V7Y 1G5
email: info@timminsgold.com
Tel:604-682-4002
Fax:604-682-4003
General Inquiries:
email: info@timminsgold.com
Tel: 604-682-4002
Fax: 604-682-4003
Corporate Information
Transfer Agent
Pacific Corporate Services Ltd.
510 Burrard Street
2nd Floor,
Vancouver, BC
V6C 3B9
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Clavis
City
Cornwall
Rank
President
Activity Points
26378
Rating
Your Rating
Date Joined
06/17/2008
Timmins Gold
Symbol
TMM
Exchange
TSX
Shares
141,731,127 as of 12/31/2012
Industry
Metals & Minerals
Website