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


To: brian krause who wrote (88)12/18/1997 8:23:00 PM
From: George Hassen  Read Replies (1) | Respond to of 401
 
NEWS RELEASE!!!!


Western Copper Holdings Limited -

San Nicolas results

Western Copper Holdings Limited WTCShares issued 107066491997-12-18
close $4.75Thursday Dec 18 1997Also Teck Corp (TEK.B) Mr Dale Corman
reports The company has received the following results from the San
Nicolas deposit, a property held jointly with Teck Corporation under the
El Salvador Joint Venture. All reported holes contain visible copper and
zinc mineralization. Hole SA-L-31 is believed to be the longest single
intercept of massive sulphides to date ever drilled in the Americas.
Since the initial discovery (diamond drill hole SAL-25) on the San
Nicolas deposit, five additional holes have been completed. Assays for
these holes, with the exception of hole SAL-25 which were previously
reported are pending and expected by mid January. A near vertical fault
is suspected between SAL-29 and SAL-24, resulting in a vertical
displacement of approximately 200m. Hole SAL-24 will be continued when
drilling is resumed in early January. Considerable further drilling will
be required in order to assess the total tonnage and grade of the
deposit, however based on the above intercepts a very large massive
sulphide deposit is indicated. Approximately 40 diamond drill holes,
drilled on 100m centres, are planned for the San Nicolas deposit for the
first half of 1998. (c) Copyright 1997 Canjex Publishing Ltd.
canada-stockwatch.com

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