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

To: Buckey who wrote (136)	1/13/1998 9:50:00 PM
From: matt	Read Replies (2) \| Respond to of 401

It would be interesting to find out who is the unamed analyst the Globe interviewed for their story as the shareholders did not appear to be disappointed.I just love the Globe when they quote unamed sources.Do you think that analyst was a buyer or seller or sat idle with his dim view?

To: Buckey who wrote (136)	1/14/1998 11:21:00 AM
From: Kent C.	Respond to of 401

Hi John, here's what was in Canaccord's Morning Coffee this morning: Western Copper WTC:T 2,114,286 5.80 +23% New recent results show potential for ore grade zinc-copper lenses in huge VMS accumulation on Mexican project (22.5% int.) in JV with Teck. Expecting 40 hole grid drilling to start in January. Also numerous IP anomalies on 50%-owned claims on adjacent land. From Canaccord's Daily Letter * Western Copper Holdings (WTC : TSE : $4.70 : Issued 12.0M) Western Copper and Teck released significant assays (see table below) from their El Salvador project in the Zacatecas State of central Mexico. The results indicate that the pyrite-rich San Nicolas mound has multiple zones with high grade copper, zinc, and silver mineralization. In particular, a 30 m intercept in Hole 31 contains a gross metal value of over US$200/tonne (using $0.80 copper, $0.50 zinc, and $5.00 silver). Canaccord recently visited the property and we believe that the massive San Nicolas deposit is not alone. Geologic evidence suggests that the joint venture has found a completely new district of deposits, with some similarities to the polymetallic Kuroko district of northern Japan. Furthermore, the neighbouring ground, owned by Kenncott and Western Copper, could hold similar potential. Overall, Western Copper with 12M shares outstanding and minimum 22.5% interest in the Teck joint venture, is a SPECULATIVE BUY. The mounds of metal-bearing sulphide minerals at El Salvador rest in an overthrusted volcanic sequence that formed on an ancient seafloor during the time of the dinosaurs. In classic models for this type of deposit, the metals are zoned inside lens-shaped bodies. The great potential of the Zacatecas district can be best understood with the processes shown in the interpretive model below. (1) Explosive rhyolite domes erupted on the seafloor, leaving piles of broken rock that passed metal-bearing fluids. (2) Massive sulphide lenses were built by the venting of hot waters on the ancient sea floor. (3) Copper and overlying zinc rich zones formed within a predominantly pyrite-rich body. (3) Black smokers at the top of the mounds emitted plumes with metal particles into water column. The fallout of fine grains from the plumes contaminated surrounding muds with copper-rich particles over a wide area (6). A small pit and underground workings in the eastern area of the property mined copper oxide from such a sediment layer. It may also crop out elsewhere in the district. (7) Pillowed lavas formed in submarine eruptions are common. The layers of rock beneath the seafloor (8) are built from earlier lava flows. The fluids that feed the mound (9) formed a stockwork with a distinct clay alteration signature in the underlying footwall. Mounds associated with earlier vent sites were may have been buried, leaving stacked deposits in the stratigraphy. In the overlying hanging-wall (11) late-stage fluids precipitated low-temperature oxide minerals such as barite. An organic rich mudstone at the base of the section (12), correlates in some of the drill holes. The volcanic section was cut by intrusive rocks, including one body that separates El Salvador from the San Nicolas zones. The volcanic section is offset by faults, both at the time of mineralization and much later. The chargeable sulphide bodies found to date by Teck and Western Copper can be imaged using IP geophysics. The joint ventures report other unexplored and sizeable anomalies on the properties. Teck plans to continue high resolution IP mapping in the area. Of particular interest will be further work in the El Salvador district near Hole 5, where a narrow two metres of ore grade rock was found, that could thicken to the north. We expect that additional drills will move on to the properties. With the regional geology and assays to date, we recommend that investors use any weakness in the share price of Western Copper as a buying opportunity. Glenn Brown, Ph.D. (416) 869-3073 The information contained in this report is drawn from sources believed to be reliable, but the accuracy and completeness of the information is not guaranteed, nor in providing it does Canaccord Capital Corporation ("Canaccord Capital") assume any liability. This information is current as of the date appearing on a report within this Site and Canaccord Capital assumes no obligation to update the information or advise on further developments relating to these securities. The information contained in the report is directed _only_ at, and any securities being offered are available _only_ to, persons resident and located in British Columbia, Alberta, the Yukon and Ontario. Canaccord Capital, its affiliated companies and their respective directors, officers and employees and companies with which they are associated may, from time to time, hold the securities mentioned at this report. Cheers, Kent@investor1.com