Far West finds higher iron grades at Santo Domingo

Thursday, 16 Jul 2009

Far West Mining Ltd announced that analytical results for 22 composite samples from Santo Domingo returned iron grades that are on average 20% higher than previously reported. Far West Mining will submit approximately 6,500 individual drill interval samples for re analysis using a more sophisticated analytical method and will recalculate the iron grade of the deposit that may currently be underestimated.

In the news release dated April 28th 2009, Far West Mining announced an updated resource and new metallurgical results for its copper iron gold Santo Domingo Project in Chile.

The news release noted that the assay grade for iron of the metallurgical composite sample was approximately 20% higher than expected. Subsequent research by the Company suggests that the iron grades report lower due to the analytical technique chosen for the exploration assay procedure and that a more sophisticated technique is required.

The analyses reported in this release were conducted during ongoing metallurgical variability test work by SGA. SGA analysed each sample for iron using titration, a very precise and reliable method of determining the total iron content of a sample. The composite samples consist of 1,274 individual drill intervals that were taken from different parts of the deposit providing a good vertical and lateral representation of the ore body.