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Hudbay Minerals Announces Extension of Mineralization at its Copper World Project in Arizona
Exploration results from drilling completed during the first half of 2021 Identified three new deposits for a total of seven deposits at Copper World Confirmed
About this update from Hudbay Minerals Inc
[{"type":"text","content":" Exploration results from drilling completed during the first half of 2021 Identified three new deposits for a total of seven deposits at Copper World Confirmed the size and quality of the previously discovered Copper World, Broad Top Butte, Peach and Elgin deposits Expanded Hudbay’s private land package to support an operation entirely on private land Drill hole #186 intersected 263 feet of 1.11% copper starting from surface Drill hole #190 intersected 205 feet of 1.39% copper starting from surface Drill hole #191 intersected 404 feet of 1.50% copper starting from surface Drill hole #139 intersected 125 feet of 1.34% copper Drill hole #177 intersected 121 feet of 1.32% copper Drill hole #118 intersected 160 feet of 1.15% copper TORONTO, Sept. 22, 2021 (GLOBE NEWSWIRE) -- Hudbay Minerals Inc. (“Hudbay” or the “company”) (TSX, NYSE: HBM) today announced the intersection of additional high-grade copper sulphide and oxide mineralization at its Copper World project located on wholly-owned private land in Arizona. The Copper World project is located within seven kilometres of Hudbay’s Rosemont copper project and has mineralization located closer to surface than Rosemont. The results are from drilling completed between January and June 2021, following an initial program conducted in 2020 to confirm historical drilling in this past-producing copper region. The 2021 drilling has identified three new deposits, for a total of seven deposits at Copper World, covering a combined seven kilometers with mineralized occurrences. “Our 2021 drill program at Copper World proved that the previously discovered deposits remained open along strike, and we are highly encouraged by the identification of three new deposits in the area,” said Peter Kukielski, Hudbay’s President and Chief Executive Officer. “Copper World is growing into an attractive copper development project in our organic pipeline, and we remain on track for an initial inferred resource estimate before the end of the year and a preliminary economic assessment in the first half of 2022.” Located on Expanded Private Land Package The Copper World deposits are located on private land parcels adjacent to the Rosemont deposit as shown in the plan view in Figure 1. To date, seven deposits have been identified with a combined strike length of over seven kilometres, representing a significant in...