TECK ANNOUNCES PURCHASE OF GOLDCORP'S 21% INTEREST IN THE SAN NICOLAS COPPER-ZINC PROJECT 

Teck Resources Ltd.'s Mexican subsidiary has entered into a binding agreement with a subsidiary of Goldcorp Inc. to purchase its 21-per-cent minority interest in the San Nicolas project located in Zacatecas, Mexico, for cash consideration of $50-million (U.S.). On completion of the transaction Teck will own 100 per cent of the San Nicolas project. The transaction is subject to customary closing conditions and is expected to close in the third quarter of 2017.

Unfortunately, this is one of the other future projects in the copper space...see this pic from their May 16th presentation:

Here is a link to an article about this:

http://www.mining.com/teck-resources-grabs-goldcorps-stake-mexican-project-50-million/

This is from Stockhouse, credit "minorodeoro" on San Nicolas taken from a 2002 article.  

San Nicolas Feasibility Study Outlines US$246mn Mine
By David Roberts
Wednesday, January 23, 2002
A bankable feasibility study on the San Nicolas polymetallic project in north-central Mexico's Zacatecas state envisages an open pit operation producing 230,000tpy copper concentrates and 190,000tpy zinc concentrates, minority-owner Vancouver-based Western Copper Holdings (TSE: WTC) reported.
The copper concentrates, with an average grade of 23.8%, would be produced for 12 years and the zinc, grading an average 50%, for 10 years.
The study projects capital costs at US$246mn, for a 15,000tpd mining and processing operation with total operating costs of US$8.53/t. Overall copper and zinc recoveries are estimated to be 76.3% and 71.0%, respectively.

The feasibility study is based on estimated mineral reserves included in the mine plan, which total 65Mt with an average grade of 1.32% copper, 2.04% zinc, 0.53g/t gold and 32.1g/t silver. These reserves include 1.9Mt of proven mineralization with an average grade of 0.71% copper, 3.51% zinc, 0.94g/t gold and 44.8g/t silver; and 63.3Mt of probable mineralization averaging 1.34% copper, 2.01% zinc, 0.52g/t gold and 31.7g/t silver.
Based on metallurgical results to date, gold and silver recoveries are low and will only contribute about 4% to the net smelter return, Western Copper said.
The massive sulfide body on which the study is based contains an upper high-grade zinc zone and a lower copper-rich zone and is open at depth. Hence, as zinc would be the primary metal produced during the first years of operation, a production decision is not expected until zinc prices are projected to be higher than at present.
The report was prepared by San Nicolas' majority-owner and project operator, Vancouver-based Teck Cominco (TSE: Tek a&b). Western Copper's interest is currently 21% but would range between 18.75% and 29.75%, once a production decision has been made, depending on various options available to Teck Cominco. which presently has the other 79%.
A Teck Cominco spokesperson told BNamericas the company is "still quite keen on" San Nicolas but "it's kind of on the backburner right now because of low metals prices." He said it would require higher zinc and copper prices, and he described the ore as "complex."
San Nicolas is located 60km southeast of the city of Zacatecas on the Mexican plateau, at approximately 2,150m above sea level. Major infrastructure required to develop the project is minimal, according to Western Copper.
The report also identifies a number of massive sulfide targets within a 10km radius of San Nicolas that will require additional work, the company said.