Timmins Gold Corp

The San Francisco Gold Mine is a past producing open pit heap leach operation from which Timmins Gold will be producing at a rate of 80,000 - 100,000 ounces of gold per year at a cash cost of approximately $412 per ounce.

To date all plant and equipment necessary for full production is operational including crushing, leaching and extraction facilities.

On the exploration front, Timmins Gold's portfolio consists of several other gold projects one of which is a 45,000 hectare property located contiguous to Goldcorp's Penasquito Gold Mine (17 million ounces) and near Canplats Camino Rojo Gold Project in Zacatecas. Timmins Gold also has over 70,000 hectares of claims in the highly prolific Northern Sonora Gold District.

Timmins Gold plans to grows the Company by expanding the current reserves and lifespan of the San Francisco Mine, advance its other exploration projects and to make strategic acquisitions.

With the ramp up to full scale production almost complete, Timmins Gold is now focussed on drilling along strike to expand the reserves at the San Francisco Mine.

San Fransisco Gold Project, Sonora, Mexico

The San Fransisco Mine is a past producing open pit operation with a gold reserve of 611,000 ounces with potential to expand. 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, the new secondary and teritary crushers and the conveyors have been installed and the heap leach pads are being completed. With the entire permitting process now complete, Timmins Gold is nearing the completion of its construction activities as it prepares for gold production this year. [READ MORE]

Tequila Property

The project is located in a belt of rhyolitic breccias and was acquired to assess the high grade, epithermal gold veins and the bulk tonnage potential of the breccia. The main feature on the property is a large breccia zone hosting a system of narrow, high grade parallel and cross cutting veins. Several small scale operations have been conducted on the property in the past and there are a number of underground workings and crosscuts. Prior to commencing a first phase drill program the Company completed surface and underground sampling and mapping to verify the tenure of certain high grade zones and examine the economic potential of the breccia zone. Preliminary estimates suggested the breccia zone extends at least 1 km along strike and 300 metres down dip. [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. This NW-SE trending alteration zone has been traced along strike for over 1.5 kilometres. The zone has an average width of 200 metres and is exposed over a vertical extent of between 40 and 50 metres. The zone remains open along strike and is projected to extend at least 150 metres down dip. While the Company had been confident a low grade, bulk tonnage target would be identified, the high grade results encountered on surface have made evaluation of the economic potential of the Cocula Property a higher priority for the Company. [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 & Patricia, Sonora, Mexico
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 (3.44 million ounces gold and 60.7 million ounces silver). [READ MORE]

El Picacho Property
El Picacho was acquired to assess the low grade, bulk tonnage potential of the property's known mineralization given the geological similarities and proximity to the Mine. Due diligence sampling by the Company on the property returned encouraging results with grades ranging from 0.50 g/t gold to 4.0 g/t gold over 1.0 meter and with several samples grading in excess of 12 g/t of gold over 1 meter. The highest grade sample returned 21.946 g/t gold over 0.90 meters. [READ MORE]

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

Hallein Darby, C.A.
Vice President Finance

Lawrence A. Dick, Phd., P.Geo.
Director

Frank Cordova, Phd., Law
Director

Lee Graber
Director

Louis Rozman
Director

Guillermo Garcia, Geo.Eng.
VP New Projects

March 01, 2010
Share Capitalization