Teck, WC intersect massive sulphides in Mexico

Diamond drilling on the Mexican project known as El Salvador has intersected a 163-metre interval of massive-to-semi-massive sulphides.

The 225-sq.-km project, situated in the central state of Zacatecas, is a joint venture held 55% by Teck (TEK-T) and 45% by Western Copper Holdings (WTC-T).

Assays from the recent drilling are pending.

Drill hole SAL-25 was drilled in association with an induced-polarization geophysical anomaly measuring 500 by 500 metres on claims optioned from the Mexican company Luismin. The vertically drilled hole encountered the sulphide interval beginning at a depth of 205 metres, but it terminated in sulphides.

The sulphide zone is believed to be flat-lying and to contain mineralization similar to that encountered elsewhere on the property. The structure could contain values of copper, zinc and lead, plus gold and silver, Western Copper reports.

Luismin holds the right to a 25% participating interest if the claims are taken to commercial production.

Teck can earn a further 10% interest by arranging production financing and can buy an additional 5% from Western Copper based on the net present value of the project upon completion of a feasibility study.