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

To: Stew who wrote (389)	12/7/1998 3:57:00 PM
From: Natedog	Read Replies (2) \| Respond to of 401

Zacatecas developments Western Copper Holdings Limited WTC Shares issued 13,970,000 Dec 4 close $2.75 Mon 7 Dec 98 News Release Also Teck Corp (TEK.B) Mr. Thomas Patton reports Following is an update on the El Salvador project in Zacatecas State, Mexico, a joint venture between Teck - 55 per cent and Western - 45 per cent. El Salvador Joint Venture Cerro Gorrito Six core holes were recently completed in the Cerro Gorrito area, where hole TAM-05 intersected 32.6 metres averaging 230 g/t silver. One hole (TAM-08, collared about 50 metres north of TAM-05) tested the same zone intersected by TAM-05. Ag Ag Hole From To Metres Ft g/t opt TAM-08 3.0 15.8 12.8 42.0 98.6 3.17 Incl 4.5 9.0 4.5 14.8 163.6 5.26 Two holes collared to the south and southwest of TAM-05 were drilled on the upthrown side of the Cerro Gorrito fault and did not intersect the mineralized zone. Three other holes were drilled to the west of TAM-05 to test blind geophysical targets and did not contain significant base or precious minerals. The Cerro Gorrito mineralized zone remains open to the north and east. Similar jasperoidal outcrops 700 and 1100 metres northeast of TAM-05 contain barite, traces of galena-sphalerite, and silver values up to 60 g/t. Geophysical and geochemical data are currently being reviewed to identify additional drill targets. Other targets IP surveying, primarily in the areas north of San Nicolas, has identified numerous anomalies which will be drilled early in 1999. San Nicolas Deposit Teck has a 1999 budget of $300,000 (U.S.) to complete a preliminary feasibility study. Penasquito Project At Western's 100 per cent owned Penasquito project, a recently completed CSAMT survey (Controlled-Source Audio-Frequency Magnetotelluric) has identified at least five new anomalies and has delineated possible new ore controls. A drilling program is currently being designed to test the most prospective geophysical targets. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com