Partners Teck (TEK-T) and Western Copper Holdings (WTC-T) have discovered a deep volcanogenic massive sulphide zone at the Mexican project known as El Salvador, in Zacatecas state.
A single hole, drilled about 75 metres below a copper oxide zone, intersected 1.6 metres (true width) grading 3.68 grams gold and 213 grams silver, plus 16.57% zinc, 2.07% copper and 1.53% lead. The massive sulphide zone is believed to be flat-lying.
The near-surface copper oxide mineralization, which is at least 10 metres thick, is now thought to represent oxidized volcanogenic massive sulphides.
Surface sampling indicates the oxidized zone will grade in the order of 1%-1.5% copper.
Oxide copper-mineralization has been observed in other areas of the 22,000-ha property, which is held through options and staked claims.
Teck, which helms the 55-45 joint venture, is set to begin testing the extent of the oxide zone by means of an air-track drill centred on 50-metre spacings.
Stepout drilling on the massive sulphide zone is planned as well, in addition to geophysical surveys.
Meanwhile, on the nearby Vergen property, 3.5 km to the north, a significant copper showing will be drill-tested.
Teck can increase its interest in the 225-sq.-km project by an additional 10% by arranging production financing; it can buy a further 5% from Western Copper upon completion of a feasibility study.
Be the first to comment on "Teck and WCH uncover massive sulphides"