Published: April 28, 2021 |

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Hudbay Minerals announced a “significant” new finding of copper mineralization next to its Rosemont Mine site. “It may prove to be a viable open-pit operation” with multiple pits on the west slope of the Santa Rita Mountains facing Green Valley and Sahuarita,” the company said.

The copper found at the new site “on our private land,” in a region called Copper World, is of a higher grade and shallower depth than at Rosemont, the company said this week in a news release.

“Copper World has the potential to host at least four economic deposits with a relatively low strip ratio and may prove to be a viable open-pit operation that is either separate from or additive to our Rosemont project,” Cashel Meagher, Hudbay’s senior vice president and chief operating officer, said in the written statement.

Copper World is on the western slope of the Santa Rita Mountains southeast of Tucson, while Rosemont, site of a long proposed open-pit copper mine, is on the east slope.

The Green Valley News quoted the vice president of Hudbay’s Arizona Business Unit, Andre Lauzon, as saying: “It is likely that some parts of Copper World and its operations would be visible from Green Valley and Sahuarita.”

“Based on our current exploration program, there could be multiple open pits within Copper World,” Lauzon also told the Green Valley News.

“This new discovery on our private land in Arizona demonstrates our team’s strong expertise in exploration,” Peter Kukielski, Hudbay’s president and chief executive officer, said in the company’s news release.

“They saw an opportunity to consolidate mineralization in the region and we are excited to continue to explore Copper World while remaining committed to advancing Rosemont through the appeals process,” added Kukielski.

In 2018, a federal judge overturned the Rosemont Mine’s operating permit from the U.S. Forest Service, and that case is pending before the 9th Circuit Court of Appeals.

In 2021, Hudbay will continue mineralogical, metallurgical and geophysical studies of the Copper World region, which has a history of mining from 1874 to 1969, the news release said.

“Hudbay has a current exploration budget of approximately $10 million for its Arizona properties in 2021 which is likely to increase with further exploration success. Hudbay will review the results from its 2021 exploration program to determine the next steps for its Copper World properties and the potential synergies with Rosemont,” it added.

Source: Tucson.com

About Hudbay
Hudbay is an integrated mining company primarily producing copper concentrate (containing copper, gold and silver), molybdenum concentrate and zinc metal. With assets in North and South America, the company is focused on the discovery, production and marketing of base and precious metals. Directly and through its subsidiaries, Hudbay owns three polymetallic mines, four ore concentrators and a zinc production facility in northern Manitoba and Saskatchewan (Canada) and Cusco (Peru), and copper projects in Arizona and Nevada (United States). The company’s growth strategy is focused on the exploration and development of properties it already controls, as well as other mineral assets it may acquire that fit its strategic criteria. Hudbay’s vision is to be a responsible, top-tier operator of long-life, low-cost mines in the Americas. Hudbay’s mission is to create sustainable value through the acquisition, development and operation of high-quality, long-life deposits with exploration potential in jurisdictions that support responsible mining, and to see the regions and communities in which the company operates benefit from its presence.

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