MANITOBA HUDBAY MINERALS of Toronto has released 43-101-compliant numbers for its 100%-owned Lalor deposit near Snow Lake. The indicated resource is 3.4 million tonnes grading 1.9 g/t Au, 20.5 g/t Ag, 0.71% Cu and 8.82% Zn. The inferred portion totals 13.2 million tonnes at 2.9 g/t Au, 34.1 g/t Ag, 0.70% Cu and 8.19% Zn. A 4% ZnEq was used.
"These results continue to be positive, and support our belief that Lalor has the potential to be HudBay's next mine from the Flin Flon Greenstone Belt," said president and CEO Allen Palmiere.
The mineral resource estimate includes information from 40 drill holes and five wedge offsets. Six rigs are still busy at the site. Copper- and zinc-mineralized intersections were geologically interpreted into six stacked lenses of zinc-rich polymetallic near-solid to solid sulphide mineralization at approximately 570 to 1,170 metres below surface.
The reported resource estimate of gold and silver are contained within the interpreted zones of copper and zinc mineralization. However, high grade precious metal intersections also occur outside the mineralized zones and HudBay is currently working with SCOTT WILSON ROSCOE POSTLE ASSOCIATES to evaluate their continuity.
The company is in the process of building an all-weather road to the Lalor site. A feasibility study is to begin in later this year. Additional information about the Lalor project is posted at www.HudBayMinerals.com.
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