Central Timmins Exploration Corp. Continues its Initial Drill Program
Central Timmins Exploration Corp. Continues
its Initial Drill Program
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TORONTO
,
Feb. 12, 2019
/CNW/ -
Central Timmins Exploration Corp.
("CTEC" or the
"Company") (TSXV: CTEC) is pleased to announce the continuation of the Company's initial drill
program in the Timmins Camp, which began in
late-October 2018
. In the short term, CTEC plans on
taking advantage of the winter diamond drilling season in
Timmins
with a work program of 6 – 9
holes in three Townships;
Deloro
,
Mountjoy
and Jamieson, all within the city limits of
Timmins
.
Most of the mines in
Timmins
have been found by prospectors sampling outcrop. The remaining
prospective areas are covered by an average of 25 meters of lake bottom clays, sand or glacial till
plus infrastructure such as roads, houses, powerlines. CTEC has a modern data base of 6,000 MMI
geochemical samples, and they along with extensive geophysical data have helped identify areas
that are prospective for gold or copper-zinc mineralization.
When the MMI anomalies are overlain on the airborne geophysical maps of the individual townships,
they highlight a range of airborne magnetic and/or EM anomalies that have never been drill tested. In
total, CTEC has identified over 25 drill targets. The next 3 targets to be drilled are:
Prospect Area\
Township
Prospective
For
Target Description
Deloro Township
Gold
An MMI anomaly on a magnetic low plus IP chargeability and resistivity anomaly. A 500m drill hole was collared on February
11
th
and should take less than one week to drill.
4 Corners Prospect in
Jamieson Township
Base
Metals
Anomaly based on MMI, a magnetic low, gravity high and proximity to high-grade lead zinc, silver veins.
Mountjoy Township
Gold
2 miles west of the Hollinger mine; the drill target is based on MMI sampling plus a 1980 Noranda diamond drill hole that
intersected 15m of quartz veining 200m to the east.
Charles Gryba
, President, CEO and Director of CTEC stated "We are just starting our drill testing of
gold and base metal targets in the Timmins Camp. Given that many recent discoveries have been on
brownfield sites in old camps, we are excited by our prospects. Our MMI programs have identified
many interesting targets and CTEC hopes to drill test at least 15 of these targets in 2019 with both
winter and summer drill programs envisioned."
About Central Timmins Exploration Corp.
CTEC is an early-stage Canadian-based junior exploration company with property exclusively in the
Porcupine Mining District and secondly mainly within the City Limits of
Timmins
in the northeastern
region of
Ontario
. The Company's assets are prospective for gold as well as a suite of base metals.
See the company website at
www.centraltimmins.com
.
Forward Looking Information
This press release contains "forward-looking information" within the meaning of applicable securities
laws that is intended to be covered by the safe harbours created by those laws. "Forward-looking
information" includes statements that use forward-looking terminology such as "may", "will", "expect",
"anticipate", "believe", "continue", "potential" or the negative thereof or other variations thereof or
comparable terminology.
Forward-looking information is not a guarantee of future performance and is based upon a number
of estimates and assumptions of management at the date the statements are made. Furthermore,
such forward-looking information involves a variety of known and unknown risks, uncertainties and
other factors which may cause the actual plans, intentions, activities, results, performance or
achievements of the Company to be materially different from any future plans, intentions, activities,
results, performance or achievements expressed or implied by such forward-looking information.
See "Risk Factors" in the Company's final prospectus dated
October 4, 2018
filed on SEDAR at
www.sedar.com
for a discussion of these risks.
The Company cautions that there can be no assurance that forward-looking information will prove to
be accurate, as actual results and future events could differ materially from those anticipated in such
information. Accordingly, investors should not place undue reliance on forward-looking information.
Except as required by law, the Company does not assume any obligation to release publicly any
revisions to forward-looking information contained in this press release to reflect events or
circumstances after the date hereof.
Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of
the Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE
Central Timmins Exploration Corp
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For further information:
Central Timmins Exploration Corp., Charles Gryba, President, CEO &
Director, [email protected], Tel: 416-801-6366; Elaine Einarson, Investor Relations,
[email protected], Tel: 604-614-8469
CO: Central Timmins Exploration Corp
CNW 08:00e 12-FEB-19