Skip to main content

Hudbay provides exploration update at its Llaguen copper deposit

Published by , Editorial Assistant
Global Mining Review,


Hudbay Minerals Inc. has 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.

Highlights:

  • Initial Llaguen mineral resource estimate includes 271 million t of indicated resources at 0.42% copper-equivalent and 83 million t of inferred resources at 0.30% copper equivalent. 
  • High-grade core within the Llaguen mineral resource includes 113 million t of indicated resources at 0.60% copper-equivalent and 16 million t of inferred resources at 0.52% copper equivalent.
  • 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 mineralisation 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 mineralisation between the Bolsa and East deposits and extended the size of the mineralised envelope.

Peter Kukielski, President and Chief Executive Officer, said:

“We have a rich pipeline of organic copper growth projects at Hudbay and our Llaguen property adds another exciting opportunity to this pipeline. Our pipeline also includes the Maria Reyna and Caballito properties near Constancia where our exploration team has confirmed copper mineralisation 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 exploration team at Hudbay, and we are excited to continue to add value to these projects through the drill bit.”

Andre Lauzon, Senior Vice President and Chief Operating Officer, said:

“The initial mineral resource estimate for our Llaguen project has confirmed the presence of a significant coppermolybdenum porphyry deposit at a higher level of geological confidence than we expected at this stage due to the continuous nature of the mineralisation. The mineral resources include a significant higher-grade component located near surface, with a low 0.9 strip ratio and the potential to be mined in the initial years of production to maximise the economics for the project. This project benefits from its location at moderate altitude, close to regional infrastructure and the city of Trujillo.”

Read the article online at: https://www.globalminingreview.com/mining/07112022/hudbay-provides-exploration-update-at-its-llaguen-copper-deposit/

You might also like

EMI

Electrification in Mining virtual conference

Join us on 16 April 2024 for Global Mining Review's first Electrification in Mining event is an interactive virtual conference, focusing on electrification as the future of sustainable mining and exploring the innovative approaches and technologies being developed to facilitate its implementation.

Register for FREE »

 
 
 

Embed article link: (copy the HTML code below):


 

This article has been tagged under the following:

Copper mining news South American mining news