Induced Potential and Enzyme Leach Surveys Planned at Lluvia de Oro - La
Jojoba Project
TSX Venture Exchange Symbol: NWM Shares Outstanding: 197,664,527
TORONTO, March 26 /CNW/ - NWM Mining Corporation ("NWM" or the "Company") (TSX-V: NWM) announces today that geophysical and geochemical exploration programs are to be carried out as part of its exploration program to extend known mineralization zones at its Lluvia de Oro - La Jojoba project in the State of Sonora, Mexico.
Luis Ortiz of Hermosillo, Sonora has been retained to perform an Induced Polarization (IP) survey over three lines arranged perpendicular to the northeast trending Lluvia de Oro mineralized zone. Mr. Ortiz will apply dipole-dipole time-domain IP geophysical exploration techniques to evaluate a block of potentially favorable ground 2,200 meters wide by 2,000 meters along the strike of the extensively drilled Lluvia trend. The Creston pit is located approximately in the center of the survey area. Measurements of apparent resistivity and apparent polarization potential will be obtained over areas where drilling has characterized the mineralization reported in the Company's April 15, 2007 NI 43-101 report, and these data will be applied to the larger area surrounding the zones of previously defined mineralization.
Rodney A. Blakestad, Senior Geologist for the Lluvia-Jojoba project commented "There is a large volume of potentially productive bedrock at the Lluvia de Oro mine that has not been adequately tested by drilling or other exploration techniques. The IP survey to be undertaken now should help us define and prioritize a series of drill holes designed to investigate other potential zones of mineralization." The Company's previously announced 25,000 meter drilling campaign is now underway at the Lluvia de Oro - La Jojoba project.
The Company has also retained James Yeager of Denver, Colorado to conduct an Enzyme Leach (EL) geochemical survey program over the Campamento Zone on the La Jojoba claim group to look for geochemical evidence of buried bodies of mineralization. Previous orientation lines of EL sampling over the Northeast Zone successfully outlined the mineralization. The Campamento Zone is located about 700 meters south of the Northeast Zone, which contains NI 43-101 compliant Measured plus Indicated mineral resources as set forth in the table below:
------------------------------------------------------------------------- NE ZONE MEASURED NE ZONE INDICATED ---------------------------------------------------------------- Cutoff g g g Au/t Tonnes Au/t Oz. Au Tonnes Au/t Oz. Au ------------------------------------------------------------------------- 0.30 5,060,000 0.873 142,024 4,110,000 0.578 76,378 ------------------------------------------------------------------------- ----------------------------------------- TOTAL M + I -------------------------------- Cutoff g g Au/t Tonnes Au/t Oz. Au ----------------------------------------- 0.30 9,170,000 0.741 218,467 -----------------------------------------
Buried ore bodies undergo complex oxidation processes that may be recognized by a host of elements that form distinctive patterns generated by the interplay between positive and negative electro-chemical processes. Trace elements released by oxidation of mineral deposits in the bedrock will migrate up through overburden by means of capillary action, diffusion of volatile compounds, and ground water migration. In surface materials, such as soil and sediment, these trace elements in very low concentrations become trapped within amorphous manganese oxide (MnO(2)) coatings above and near the margins of mineral deposits.
EL selectively dissolves amorphous MnO(2) present in soils and sediments through a chemical reaction that generates trace amounts of hydrogen peroxide (H(2)O(2)). Subsequent analysis by ICP-Mass Spectrometry for a large number of trace and major elements reveals reproducible patterns that may indicate mineralized bodies at greater depth from these migratory element patterns. The Enzyme Leach geochemical program will evaluate an area 800 meters by 800 meters to assist in locating drill targets for potentially deeply buried mineralization that is stratigraphically equivalent to the defined resources at the Northeast Zone.
Further information and progress on the Company's activities are available at the NWM website: www.nwmcorp.ca.
Mr. Rodney A. Blakestad, C.P.G., is the Qualified Person in compliance with National Instrument 43-101 of the Canadian Securities Administrators for this press release and has reviewed and approved the technical and scientific disclosure contained herein.
CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION
This news release includes "forward-looking information"; as such term is defined in applicable securities laws. The forward-looking information includes, without limitation, the success of exploration activities 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. Such factors include, among others, risks and uncertainties relating to exploration and development; the ability of the Company to obtain additional financing; the need to comply with environmental and governmental regulations; political and economic instability and general civil unrest in Mexico, if any; potential defects in title to the Company's properties; fluctuations in currency exchange rates; fluctuating prices of commodities; operating hazards and risks; competition; and other risks and uncertainties, including those described in the Company's other regulatory filings filed with the Canadian Securities Administrators and available at www.sedar.com. 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.
For further information: please contact NWM Mining Corporation at (416) 364-6799
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