Canada’s Gleichen Resources announced it is buying a major stake in Teck’s Morelos gold project in Mexico for US$ 150 million in cash and about US$ 735 million in shares, equivalent to 4.9% of its capital. The major miner currently owns 78.8% of the mine and Goldcorp holds the rest; besides the fact of the deal is another sale promoted by Teck to pay the billionaire loan borrowed to buy coal giant Fording just before the global crisis, it is a great move by Gleichen, a junior miner.