To: DIAMOND JIM who wrote (272 ) 4/15/1998 2:48:00 PM From: Famularo Read Replies (1) | Respond to of 401
San Nicolas assays and drilling plans Western Copper Holdings Limited WTC Shares issued 13,970,000 Apr 14 close $8.10 Wed 15 Apr 98 News Release See Teck Corp (TEK.B) News Release Mr Fred Daley reports Further diamond drilling of the San Nicolas deposit in Zacatecas, Mexico is to resume immediately and will consist of step out holes to determine the outer limits of the orebody as well as in-fill drilling on 50 metre spacing for engineering purposes. Diamond drilling is also to start immediately on recently defined geophysical targets to the south and east of the San Nicolas deposit. Diamond drilling to date has determined that massive sulphide mineralization containing copper, zinc, silver and gold is continuous over an area greater than 800 metres in a northwest/southeast direction and 400 metres in a northeast direction. A lower zone consisting primarily of copper mineralization intersected in diamond drill holes SAL 24, 29, 34, 36, 37, 40 and 44 (previously reported) remains open to the south and southwest. Assay results for holes SAL 48, 49, 50, 51, 53, 54, 55, 57 and 58 are listed on the attached table. Holes SAL-52 and 56, which do not contain significant mineralized intervals, appear to define the northeastern and northwestern limits, respectively, of the upper massive sulphide deposit. >From To m Cu Zn Ag Au m m % % g/t g/t SAL-48 269.0 272.4 3.4 3.06 0.08 5.2 0.00 SAL-49 226.0 378.7 152.7 0.81 1.92 33.0 0.71 Incl 226.0 271.0 45.0 0.44 3.61 59.9 1.47 SAL-50 227.1 261.2 34.1 2.42 0.14 5.7 0.03 SAL-51 292.4 336.3 43.9 2.39 0.43 13.3 0.08 SAL-53 277.1 335.9 58.8 0.72 5.86 81.8 1.47 SAL-54 242.3 248.3 6.0 2.07 14.30 184.8 2.04 SAL-55 270.1 289.2 19.1 0.79 4.51 73.0 0.84 318.8 346.5 27.7 2.83 0.04 6.5 0.00 380.0 387.3 7.3 0.47 3.87 39.4 0.86 388.3 392.5 4.2 2.00 0.35 10.2 0.10 474.6 477.4 2.8 1.00 4.53 242.0 4.25 SAL-57 232.0 270.0 38.0 1.22 2.38 33.5 1.24 SAL-58 265.1 270.1 5.0 0.49 3.83 59.4 1.13