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HudBay Minerals Inc.
Summary
| Project: | Lalor Mine | |
|---|---|---|
| Deposit: | Lalor Mine, Snow Lake | |
| Location: | Canada | |
| Commodities: | Copper-Silver-Zinc-Gold-Lead | |
| Date: | 2/19/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 19-2-2019: HudBay Minerals Inc. announces a Resource Estimation report for its Lalor Mine, Snow Lake deposit at the Lalor Mine project. Updated mineral resources and reserves for the project. Toronto, Ontario, February 19, 2019 – Hudbay Minerals Inc. (“Hu | |
| Resources: | (Reserve, P+P): 13.675Mt @ 4.46% Zn, 3.78g/t Au, 0.7% Cu, 26.11g/t Ag | |
| CP/QP: | [Resources]: Oliver Tavchandjian (Internal) | |
| ABSTRACT: | Toronto, Ontario, February 19, 2019 – Hudbay Minerals Inc. (“Hudbay” or the “company”) (TSX, NYSE:HBM) is pleased to announce increased mineral reserves and resources for its Lalor mine and nearby satellite deposits, and a new mine plan that includes the processing of gold and copper-gold ore at the company’s New Britannia mill. An updated National Instrument (“NI”) 43-101 Technical Report for Lalor will be filed on SEDAR by the end of the first quarter of 2019. All amounts are in U.S. dollars, unless otherwise noted. Lalor was discovered in 2007 on 100% owned land using Hudbay’s innovative exploration techniques and it is the largest VMS deposit found in the Snow Lake region to-date. In 2009, the company commenced construction of Lalor with initial ramp access from the Chisel North mine. Construction of the main production shaft was approved in 2010 and was completed on time and on budget, achieving commercial production in 2014, a mere seven years from initial discovery. Hudbay acquired the New Britannia gold mill in 2015 for approximately $10 million as a potential long-term processing option for the Lalor gold and copper-gold zones. Since acquiring New Britannia, Hudbay has conducted significant technical work to assess the grade, tonnage, mineability and metallurgy of the gold and copper-gold zones at Lalor to support and de-risk the investment required to refurbish New Britannia and maximize the net present value of Lalor. | |
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