Teck Cominco updates Quebrada Blanca Cu resource

Vancouverite Teck Cominco (TSX: TCK.A, TCK.B) has reported an inferred resource estimate of primary sulfide mineralization at its Quebrada Blanca property in Chile of 11Blb (4.99Mt) of contained copper and 450Mlb of molybdenum.

The resource in grades is 1.03Bt at 0.50% copper and 0.020% molybdenum, according to a Teck Cominco statement.

The company added that within the 1.03Bt resource, it has identified a higher-grade area beneath the existing sulfide pit with roughly 300Mt grading 0.55% copper and 0.020% molybdenum.

"That portion of the deposit could provide a substantial starter pit for a period of 5-10 years that would benefit from having been largely pre-stripped by ongoing mining of the supergene ore body," company CEO Don Lindsay said in the statement.

Teck Cominco acquired Quebrada Blanca with its purchase of compatriot company Aur Resources last year.

Publication: Business News Americas - English News
Provider: Business News Americas
Date: March 5, 2008