Western Copper Holdings Ltd. T.WTC Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Western Copper Holdings Ltd. T.WTC

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Buckey who wrote (41)	11/21/1997 3:22:00 PM
From: Flea	Read Replies (1) of 401

Western Copper Holdings Limited - El Salvador/Tamara results Western Copper Holdings Limited WTC Shares issued 10706649 1997-11-20 close $4 Friday Nov 21 1997 Mr Dale Corman of Teck reports Teck Corp and Western Copper Holdings have received results on diamond drill hole SAL-25 which recently intersected 161.2m of massive sulphides (see news in Stockwatch November 10 1997). Drill hole SAL-25 is within the El Salvador/Tamara project, a joint venture between Teck/Western with Teck being the operator. The mineralization encountered in drill hole SAL-25 included a 28.4m section that graded as follows: Drill From-To m Au Ag Cu Zn (m) g/t g/t % % Inc 207.1-235.5 28.4 1.20 47.6 0.64 5.53 This interval was followed by mineralization of lower grade as follows: Drill From-To m Au Ag Cu Zn (m) g/t g/t % % Inc 235.5-313.5 78.0 0.73 18.2 0.34 0.93 Inc 313.5-368.3 54.8 0.22 9.2 0.76 0.38 Insignificant lead values were encountered The assays were determined in the laboratories of Chemex Labs in North Vancouver, Canada following the preparation of samples in its laboratories in Guadalajara, Mexico. Drill hole SAL-25 stopped in sulphides at 368m. Current plans are to complete this drilling through to the footwall. Drill hole SAL-24, 200m south of SAL-25, will also be completed. SAL-25 and SAL-24 are both within an induced polarization anomaly measuring 500m in plan. An extensive drilling program to test the anomaly is planned. The program will provide information as to the geometry and grade of the mineralized zone. The area encompassed by drilling to date, including SAL-25, represents less than 5% of the 225 sq km area covered by the Teck/Western joint venture. The Teck/Western El Salvador project is southeast of the city of Zacatecas, in the state of Zacatecas, Mexico. Each party is responsible for its own financing of the El Salvador project based on the initial interest 55% Teck and 45% Western. Teck has the option to earn an additional 10% interest by arranging 100% of production financing. Teck may also purchase from Western, upon completion of feasibility, an additional 5% based on the net present value of the project. Drill holes SAL-25 and SAL-24 are on claims optioned from Luismin SA de CV which has the right to participate with the Teck/Western joint venture, as to 25%, if the property is taken to commercial production. The Luismin participation falls to 15% if it does not contribute its share of production financing. (c) Copyright 1997 Canjex Publishing Ltd. canada-stockwatch.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next