| ||August 07, 2008|
Timmins Gold Corp. Receives Full Permitting For Its San Francisco Mine
| ||Timmins Gold Corp. (the "Company") announces that its subsidiary Timmins Goldcorp Mexico has received all the local, state, and federal permits required to initiate production in its 100% owned San Francisco gold mine. These permits include the Environmental Impact Statement from the Environmental Protection Authorities (SERMANAT), the Change of Land Use permit, and the permit for the use of industrial explosives issued by the State of Sonora and Mexican Military authorities.|
The Environmental Impact Statement and the Change of Land Use approval come after an extensive environmental study of the land on which the mine is located, as well as the surrounding community, and were the final requirements necessary to initiate operations.
The San Francisco gold mine is located along the main Pan American highway approximately 150 km north of Hermosillo, in the Northern Mexican State of Sonora. It is a past producing open pit heap leach operation with a gold plant with a capacity in excess of 80,000 ounces of gold per year. The mine is the subject of a pre-feasibility study dated March 31, 2008 prepared by Micon International Limited which supports the economic viability of the mine.
Thanks to the full cooperation and close working relationship with the local, state, and federal authorities, Timmins Goldcorp Mexico has been cleared to implement its development and construction activities and plans to achieve production during the first quarter of 2009.
For further information, contact:
Arturo Bonillas, B.Sc.(Eng)
Hermosillo, Sonora, Mexico
Bruce Bragagnolo, LLB.,
Chief Executive Officer
Vancouver, BC, Canada
Tel: (604) 638-8980
For Investor Relations, contact:
Vancouver, BC, Canada
Tel: (604) 638-8977
Tel: (604) 638-8976
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
This News Release contains forward-looking statements. Forward-looking statements are statements which relate to future events. In some cases, you can identify forward-looking statements by terminology such as "may", "should", "expects", "plans, "anticipates", believes", "estimates", "predicts", "potential", or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, level of activity, performance or achievements to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking statements.
While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect out current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggestions herein. Except as required by applicable law, Timmins Gold does not intend to update any forward-looking statements to conform these statements to actual results.
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