Western Canadian to acquire Sulphurets Gold

The unification of the Kerr joint venture interests into Sulphurets Gold is expected to be completed in mid-January and would result in Western Canadian then holding about 70% of the issued shares of Sulphurets Gold. A private placement was completed in late December in which Western Canadian acquired 222 ,222 shares of Sulphurets for $99,999.90 to be applied to Sulphurets Gold’s working capital.

Western Canadian will continue as operator of ongoing programs at the property where recent exploration confirmed the presence of a large porphyry copper-gold deposit with a high grade core. According to Western Canadian, preliminary diamond drilling suggests that a deposit in excess of 3,280 ft long, 660 ft wide and 330 ft thick (66 million tons) averages 0.86% copper and 0.01 oz gold per ton. The deposit is open to the north and downdip, with significant additional tonnage expected.

J. D. Little, president of Western Canadian Mining, said extensive exploration programs are planned to establish proven and probable reserves, determine the metallurgy, and initiate environmental studies.

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