MANITOBA – The Lost volcanogenic massive sulphide (VMS) deposit 70 km northeast of Flin Flon is returning good intersections. The best recent core assayed 0.7% Cu, 5.2% Zn, 4.8 g/t Ag and 1.1 g/t Au over 7.98 metres, starting just 10 metres from surface.
The deposit is part of the Sherridon property owned by Halo Resources of Toronto. The former Sherridon mine was operated by Sherritt Gordon Mines from 1933 to 1950. HudBay Minerals can earn up to a 67.5% interest in the Lost and Cold deposits. If either of the deposits are proven economic to mine, the ore would be treated at HudBay’s Flin Flon facilities.
Additional drill hole results and a map showing the relative locations of the former Sherridon mine to the Cold and Lost deposits are available at www.HaloRes.com in the news release dated May 25, 2010.