MANITOBA - Winnipeg-based HUDBAY MINERALS has intersected exceptional grades during diamond drilling at its Lalor Lake property. The richest zinc grade came from hole 174 where 22.59% Zn and 0.43% Cu were cut over 3.93 metres in the Main zone. Other holes returned high grades including 13.26% Zn over 23.95 metres, 15.62% Zn over 6.09 metres, 12.76% Zn over 3.31 metres, and 10.57% Zn over 2.58 metres.
Holes that intersected the footwall also returned high grades, particularly in the deeper portions. Assays included 10.21% Zn over 3.10 metres, 11.80% Zn over 0.79 metre, 10.55% Zn over 0.65 metre, 10.61% Zn over 8.23 metres, and 10.37% Zn over 0.98 metre.
HudBay's chief exploration geologist Kelly Gilmore said, "The current interpretation indicates a zinc-rich main zone near the top of a hydrothermal alteration zone. The footwall to the Main zone contains disseminated to massive pyrite, pyrrhotite, chalcopyrite and sphalerite often with additional good zinc intersections. Significant precious metals assays occur in both the footwall and hanging wall of the Main zone."
The Lalor Lake property is approximately 3 km off Highway 395 and 15 km from HudBay's Snow Lake concentrator. Mineralization intersections to date at approximately 800 meters from surface indicate a strike length of approximately 550 meters and a width of approximately 700 meters measured in plan view. The mineralization remains open in at least three directions. The massive sulphide mineralization at Lalor is coarse grained and similar to the nearby Chisel North mine.
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