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Hudbay Minerals Provides Exploration Update and Announces Initial Mineral Resource Estimate at Llaguen
Initial Llaguen mineral resource estimate includes 271 million tonnes of indicated resources at 0.42% copper-equivalenti and 83 million tonnes of inferred resou
About this update from Hudbay Minerals Inc
[{"type":"text","content":" Initial Llaguen mineral resource estimate includes 271 million tonnes of indicated resources at 0.42% copper-equivalenti and 83 million tonnes of inferred resources at 0.30% copper-equivalenti High-grade core within the Llaguen mineral resource includes 113 million tonnes of indicated resources at 0.60% copper-equivalenti and 16 million tonnes of inferred resources at 0.52% copper equivalenti Llaguen is a wholly-owned copper-molybdenum porphyry deposit located close to the city of Trujillo in the La Libertad region in Peru, at moderate altitude and close to existing infrastructure, water and power supply Early exploration activities at the Maria Reyna and Caballito properties, located within trucking distance of the Constancia mine in Peru, confirm the occurrence of sulfide and oxide rich copper mineralization at surface Results from confirmatory drill program at the Flin Flon tailings facility reveal higher grades than predicted from historical mill records Recent drilling at the Copper World project in Arizona has confirmed the continuity of the mineralization between the Bolsa and East deposits and extended the size of the mineralized envelope TORONTO, Nov. 02, 2022 (GLOBE NEWSWIRE) -- Hudbay Minerals Inc. (“Hudbay” or the “company”) (TSX, NYSE: HBM) today announced an update on various exploration initiatives, including an initial mineral resource estimate for the Llaguen copper deposit located in the Otuzco province in the La Libertad region in Peru. “We have a rich pipeline of organic copper growth projects at Hudbay and our Llaguen property adds another exciting opportunity to this pipeline,” said Peter Kukielski, President and Chief Executive Officer. “Our pipeline also includes the Maria Reyna and Caballito properties near Constancia where our exploration team has confirmed copper mineralization that could add meaningful long-term value for our Peru operations. We also continue to have exploration success at our Copper World project in Arizona and we look forward to an initial drill program to test the down-dip extensions of Lalor at depth in 2023. The opportunities arising from our pipeline of organic copper growth projects comes at an opportune time with the global scarcity of new copper assets and long-term global copper supply unable to meet the demands from a low carbon future. We have an extremely talented explor...