TECK dropped MonitorTeck Cominco dropped the Monitor copper- silver project after inconclusive results from their initial drill program:
Press Release
Source: General Minerals Corporation
General Minerals Corporation Announces Termination of the Joint Venture on the Monitor Copper-Silver Property
Thursday, October 12, 1:07 pm ET
VANCOUVER, BRITISH COLUMBIA -- (CCNMatthews - Oct. 12, 2006) -- General Minerals Corporation ("GMC" or the "Company") (TSX: GNM) announces that it has received notice from Teck Cominco American Incorporated ("TCAI"), a wholly owned subsidiary of Teck Cominco Limited, that TCAI is terminating its agreement on the Monitor copper-silver property located in southern Arizona. TCAI completed a program in 2005 that included geological mapping, sampling and a geophysical survey. A six-hole, 1,160 metre diamond drill program was completed in January of this year with inconclusive results.
GMC will review the Monitor information when it is received from TCAI. The Company believes that the property has untested potential for porphyry copper mineralization. The Company plans to show the property to other prospective joint venture partners.
General Minerals Corporation is an international minerals exploration company focusing its activities in North and South America. The Company has seven properties in the US, three in Bolivia, one in Chile and five in Mexico. The target mineralization at these sixteen properties is copper, silver and gold. The Company currently has two properties that are under option to major mining companies:
Escalones, Copper - Gold Porphyry Prospect (Chile) with the Phelps Dodge Chilean subsidiary, Minera Aurex (Chile) Limitada;
Markham Wash, Copper - Molybdenum Porphyry Prospect (USA) with TCAI.