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Gold/Mining/Energy : Western Copper Holdings - WTC.T -- Ignore unavailable to you. Want to Upgrade?


To: Little Joe who wrote (25)4/9/2002 3:36:45 AM
From: TheBusDriver  Read Replies (1) | Respond to of 754
 
I am not a good person to ask these question of. Just an investor like yourself with more questions than answers.

Mining Insights has a report on WTC out that is pretty good. It does indicate that more silver is the most likely outcome of additional drilling. Some very high value rock in Chile Colorado that suggest Western Copper might need to change it's name to Western Silver after more drilling! BAY did something similar if memory servers.

<<Assuming the additional resource is proved by the drill can it be economically extracted?>>

Well this is THE question isn't it? HMS will help with costs and the type of ore for in Chile Colorado lends itself to preconcnetration. So this is a plus. Economic? Don't know yet. Too early to say.

CC you out there? WTC is one your recommendations. Any idea about economics of WTC yet?

Wayne



To: Little Joe who wrote (25)4/10/2002 12:00:31 PM
From: Claude Cormier  Respond to of 754
 
<Will the current drill program prove up additional silver? >

In fact the current drill program is fill-in. The goal is to confirm a resource of 300M ounces silver, 1-2M ounces of gold, 2M tons of zinc. Past drilling suggest that the probability of the existence of such a resource is very good. That is what we will know within the next month. I understand the drill program has started and a few drill holes are already completed.

<Assuming the additional resource is proved by the drill can it be economically extracted? >

Assuming they prove the reserve of course and assuming that the work that must be done confirms the suitability the HMS (heavy media separation) process to Penasquito ore, a first scopy study by Kilborn, suggest that the answer would be yes.