Thursday, September 24, 2009

It Pays to keep looking, when its high grade you want

On sept 23 2009, HudBay Minerals (HBM.TO)reported a high grade drill intercept of gold at 13.35 grams per tonne, silver at 27.98 grams a tonne, and copper at 5.33% over a 34.54-metre (113.32-foot) length of drill core at its Lalor deposit in Manitoba. Drilling encountered this copper and gold at a lower depth than the zinc and gold zones it had previously found at the deposit.

HudBay first discovered zinc at Lalor two years ago, and has since encountered what could be significant gold deposits deeper down. That would indicate that it certainly does pay to continue exploring.

"The copper and gold intersection in (the) hole is among the best I have seen in nearly 40 years in the mining business and the new copper-gold zone may be very significant," Chief Executive Peter Jones said in a statement.

Full Story

Keep on Prospecting!

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