Brian, I was trying to figure that out myself (I never thought of calling the company). I posted this press release a few weeks ago techstocks.com It contains an update on what's going on at the El Salvador project.
It contains the phrase: "A recent ground based Induced Polarization survey indicates the zone continuing to the northwest for an undefined distance. Large Induced Polarization anomalies both to the west and east of the El Salvador zone have also been detected. Diamond drilling is to commence towards the end of October to test both the extension of the El Salvador zone and the other anomalies."
Hole SAL-25 is described as "The zone is believed to be flat lying, similar to that previously encountered elsewhere on the property and may contain values in copper, zinc, lead, gold and silver. Assays are pending and should be available within two weeks. An Induced Polarization anomaly 500 meters by 500 meters, in plan, is associated with the drill hole"
So to me, this says that they have drilled one of the anomolies and have found some promising-looking mineralization. "[WTC] ... has encountered massive to semi-massive sulfides in diamond drill hole SAL-25. The sulfide intersection, which started at approximately 205 meters, was continuous to 368 meters, a distance of 163 meters." The exact grades will be confirmed by assays soon.
My interpretation of the descriptions of these anomolies leads me to beleive that they are separate from the ore body that they have been focusing on to date. The IP anomolies are big, so there is a possibility that they have found a new deposit that might ulitimately be proved. If the one anomaly turns out to be a similar structure to the main ore body, it increases the possibility that the second IP anomoly might also turn out to be a new big discovery.
Of course this is major speculation at this time, but the stock was up a lot, so some investors think its a big thing.
Regards,
John Sladek |
