WINNIPEG, MANITOBA--(CCNMatthews - March 2, 2007) - HudBay Minerals
Inc. (TSX:HBM) (HudBay) announces results from its second half 2006
exploration in northern Manitoba and Saskatchewan. Illustrations and
previously released data are available at www.hudbayminerals.com.
During the second half of 2006, approximately 23,738 meters of diamond
drilling in 39 surface drill holes was completed, with a focus on
mineral deposit targets and structural targets. HudBay's subsidiary,
Hudson Bay Exploration and Development Company Limited (HBED) managed
the exploration in the Flin Flon Greenstone Belt and the majority of the
exploration was funded by flow-through financing.
"Drill results continued to be encouraging at the Bur deposit and at the
Talbot Lake deposit where one intersection was 12.44% copper over 9.65
meters," said Peter Jones, President & CEO. "For 2007 we have
increased our total exploration program expenditure plans to $37
million, making it one of the largest in Canada."
Exploration results reported in this release exclude results from
exploration within HudBay operating mines and exploration at locations
other than northern Manitoba and Saskatchewan. HudBay recently announced
that its January 1, 2007 aggregate estimated mineral reserves and
mineral resources increased compared to those at January 1, 2006, after
taking into account 2006 ore production.
Mineral Deposit Targets
Bur Deposit
The Bur deposit is 22 kilometres from the Snow Lake concentrator.
Drilling at the Bur deposit in the second half of 2006 improved the
definition of mineralization. As a result of earlier drilling, HudBay
announced in December 2006 plans to invest approximately $8.5 million at
the Bur deposit for additional in-fill diamond drilling, underground
excavations to extract a 10,000 tonne ore sample, obtaining production
permits as well as completion of a feasibility study. During the second
half of 2006, 1,150 meters of drilling were completed. Notable
intersections included:
- 3.25% Cu, 17.65% Zn over 1.21 meters in drill hole BZS015;
- 5.34% Cu, 4.99% Zn over 1.47 meters in drill hole BZS022;
Drilling will continue in 2007 as part of the $8.5 million planned investment.
Talbot Lake Deposit
The Talbot Lake deposit is located 83 km from the Snow Lake concentrator.
In the second half of 2006, 7,084 meters were drilled in eleven holes.
Ten of those holes intersected mineralization.
The last drill hole of the program - hole TLS020, made a very
encouraging intersection which assayed 11.16 grams/tonne gold, 184.37
grams/tonne silver, 12.44% copper and 3.50% zinc over 9.65 meters.
Other main zone intersections were:
- 1.09% Cu, 6.32% Zn over 1.69 meters in drill hole TLS010;
- 4.24% Cu, 0.59% Zn over 3.15 meters in drill hole TLS011;
- 0.62% Cu, 1.03% Zn over 1.72 meters in drill hole TLS012:
- 2.15% Cu, 1.68% Zn over 1.29 meters in drill hole TLS013;
- 0.10% Cu, 8.13% Zn over 0.74 meters in drill hole TLS014;
- 0.94% Cu, 0.53% Zn over 1.66 meters in drill hole TLS015;
- 0.61% Cu, 0.08% Zn over 1.20 meters in drill hole TLS016;
- 0.47% Cu, 0.40% Zn over 9.70 meters in drill hole TLS017;
- 0.60% Cu, 2.63% Zn over 2.09 meters in drill hole TLS018;
- TLS019 was abandoned
HudBay will follow up exploration of the significant mineralization
intersected in drill hole TLS020 at the earliest opportunity.
Structural Targets
Chisel Target
Drilling continued at the previously mined Chisel and Photo Lake
properties, and on targets related to the operating Chisel North mine.
5388 meters were drilled in 10 parent drill holes and two wedge cuts.
Notable intersections included:
- 0.10% Cu, 3.34% Zn over 1.00 meter in drill hole CH0602;
- 0.13% Cu, 7.65% Zn over 0.69 meters in drill hole CH0602W1
Drill holes CH0603, CH0505, CH0606, CH0607, CH0608 and DUB166 tested
Quantec Titan 24 deep penetrating geophysical anomalies identified in a
survey completed in the first quarter of 2006. Although no notable assay
intervals were intersected, CH0606 intersected 7.71 meters of massive
pyrite from 531.71 to 539.42 meters coincident with a Titan 24 anomaly
and also with the Chisel Mine horizon. Additional exploration is planned
to test this mineralization in 2007.
Two drill holes, DUB165 and DUB167 tested targets below the now closed
Photo Lake mine. There were no notable intersections in DUB165 however
DUB167 intersected a wide interval of quartz-staurolite-biotite-chlorite
gneiss with disseminated chalcopyrite (copper) stringer mineralization.
Flin Flon, Manitoba
2,130 meters were drilled in four holes testing the hanging wall
stratigraphy and along the strike of the Flin Flon - 777 mine. There
were no notable intersections.
Flin Flon, Saskatchewan
4,774 meters were drilled in five holes that tested a structurally
repeated fault block of the Flin Flon mine stratigraphy located deep in
the footwall of the Flin Flon mine, previously intersected by holes
completed in 2005. There were no notable mineral intersections.
Geophysical Targets
738 meters were drilled in three holes east and south of Snow Lake to
test geophysical anomalies. There were no notable intersections.
2007 Expenditure Plans(i)
-------------------------
----------------------------------------------------------------------
Flin Flon Greenstone Belt
($ millions)
Electromagnetic anomalies 8.5
Known deposits 4.5
Operating mines 4.0
Geophysics 3.0
Structural targets 3.0
Administration/miscellaneous 3.0
26.0
Other Locations
Balmat District 4.0
Unallocated 7.0
11.0
-------
Total planned 2007 expenditure $37.0 million
----------------------------------------------------------------------
(i)All expenditures are preliminary estimates and actual expenditures may
vary depending on several factors
HudBay's exploration properties include approximately 380,000 hectares
in the prolific Flin Flon Greenstone Belt of Manitoba and Saskatchewan
and approximately 20,000 hectares in the Balmat district of New York
state. In addition, HudBay owns the Tom zinc/lead mineral deposit in the
Yukon and holds an option to purchase the adjacent Jason zinc/lead
mineral property. Additional exploration assets include copper
exploration properties in Chile and zinc exploration properties in
Southwestern Ontario.
2006 HudBay Procedures
Exploration core drilling was either NQ or BQ size. The core was logged
and mineralized intersections were marked for sampling and assaying, by
HBED employed geologists. The marked intersections or intervals were
sawn in half by a diamond saw and one half of the core was placed in
plastic bags and tagged with unique sample numbers, while the second
half was returned to the core box and stored.
Each bagged core sample was transported to the Hudson Bay Mining and
Smelting Co., Limited's assay laboratory in Flin Flon, Manitoba where it
was dried, crushed and pulverized and a 250-gram sample was prepared
for assaying. From each 250 gram sample 0.25 grams was removed and
leached in aqua regia and analyzed by ICP-AES for Ag, Cu, Zn, As, Pb, Ni
and Fe. Also from the 250-gram sample, 15 grams was removed for gold
determination by fire assaying with Atomic Absorption finish.
Assaying integrity is monitored internally with a quality control
program, which includes the use of assay sample standards, blanks,
duplicates and repeats and externally through national and international
programs. In addition, within each group of 20 core samples, one core
sample has a second 250 gram split collected for check assaying at Acme
Analytical Laboratories Ltd. in Vancouver, B.C.
News Release and Attachments
The news release and attached tables provide core lengths and
additionally where indicated, horizontal or vertical lengths of
mineralization intersected. True widths are not provided. Where metal
assays are provided for intersections they are either a single assay of a
sample of the entire intersection length or a composite of assays
calculated from interval weighted assays over the intersection length.
The data herein and the contents of this news release have been reviewed
by Kelly Gilmore, B.Sc. P. Geo., Chief Exploration Geologist with HBED,
who is a Qualified Person, within the meaning of National Instrument
43-101, with the ability and authority to verify the authenticity and
validity of the data.
Attached to this news release are tables showing the second half 2006
drill results. Graphics together with prior periods and additional drill
results may be found at the HudBay web site, www.hudbayminerals.com.
About HudBay Minerals Inc.
HudBay Minerals Inc. is an integrated mining company that operates
mines, concentrators and a metal production complex in northern Manitoba
and Saskatchewan. The company also owns a zinc oxide production
facility in Ontario, the White Pine Copper Refinery in Michigan and the
Balmat zinc mine in New York state.
HudBay is a member of the S&P/TSX Composite Index.
Forward-Looking Information
This news release contains "forward-looking information", within the
meaning of applicable Canadian securities legislation. Forward-looking
information includes, but is not limited to, statements with respect to
HudBay's exploration plans and spending. Generally, forward-looking
information can be identified by the use of forward-looking terminology
such as "plans", "seeks" "budget" or variations of such words or state
that certain actions, events or results "may", "could", "will", "will
aim" or "will be focused". Forward-looking information is subject to
known and unknown risks, uncertainties and other factors that may cause
the actual results, level of activity, performance or achievements of
HudBay to be materially different from those expressed or implied by
such forward-looking information, including risks associated with the
mining industry such as economic factors as they effect exploration,
government regulation, environmental risks, success of exploration
activities, future commodity prices, capital expenditures, conclusions
of economic evaluations, risks related to acquisitions; changes in
project parameters as plans continue to be refined; access to capital as
well as those factors discussed in the section entitled "Risk Factors"
in HudBay's Annual Information Form for the year ended December 31,
2005, available on www.sedar.com. Although HudBay has attempted to
identify important factors that could cause actual results to differ
materially from those contained in forward-looking information, there
may be other factors that cause results not to be as anticipated,
estimated or intended. There can be no assurance that such statements
will prove to be accurate, as actual results and future events could
differ materially from those anticipated in such information.
Accordingly, readers should not place undue reliance on forward-looking
information. HudBay does not undertake to update any forward-looking
information, except in accordance with applicable securities laws.
HudBay
Minerals Inc.
--------------------------------------------
Attachment to HudBay Minerals Inc.
Second Half 2006 Exploration Update
Second Half 2006 Drill Hole Locations
Mineral Deposit Targets
--------------------------------------------------------------------------
--------------------------------------------------------------------------
Grid(1) Grid(1) Grid(1) Hole Hole Hole
Hole East North Elev. Length Azimuth Dip
meters meters meters meters degrees degrees
--------------------------------------------------------------------------
--------------------------------------------------------------------------
Talbot Lake Deposit
--------------------------------------------------------------------------
--------------------------------------------------------------------------
TLS010 1060 700 0 749.0 285 -70
--------------------------------------------------------------------------
TLS011 1170 300 0 959.0 285 -75
--------------------------------------------------------------------------
TLS012 950 175 0 682.0 285 -70
--------------------------------------------------------------------------
TLS013 765 175 0 440.0 285 -75
--------------------------------------------------------------------------
TLS014 1095 100 0 884.0 285 -72
--------------------------------------------------------------------------
TLS015 840 300 0 557.0 285 -75
--------------------------------------------------------------------------
TLS016 985 350 0 665.0 285 -70
--------------------------------------------------------------------------
TLS017 750 385 0 386.0 285 -72
--------------------------------------------------------------------------
TLS018 1100 560 0 801.0 285 -70
--------------------------------------------------------------------------
TLS019(2) 1120 310 0 110.0 285 -72
--------------------------------------------------------------------------
TLS020 1122 310 0 851.0 285 -72
--------------------------------------------------------------------------
--------------------------------------------------------------------------
Bur Deposit
--------------------------------------------------------------------------
--------------------------------------------------------------------------
BZS015 -374 3292 0 281.0 130 -53
--------------------------------------------------------------------------
BZS016(3) -418 3475 0 298.0 130 -80
--------------------------------------------------------------------------
BZS022 -378 3353 0 341.0 130 -72
--------------------------------------------------------------------------
BZS023(4) -392 3231 0 230.0 130 -68
--------------------------------------------------------------------------
--------------------------------------------------------------------------
(1) The grids for each target area and geophysical anomaly holes are
independent and separately oriented.
(2) Hole abandoned.
(3) Final hole depth for BZS016 was 450m including 298m drilled in 2006.
(4) Final hole depth for BZS023 was 341m including 230m drilled in 2006.
Second Half 2006 Drill Hole Locations
Structural Targets
--------------------------------------------------------------------------
--------------------------------------------------------------------------
Grid(1) Grid(1) Grid(1) Hole Hole Hole
Hole East North Elev. Length Azimuth Dip
meters meters meters meters degrees degrees
--------------------------------------------------------------------------
--------------------------------------------------------------------------
Chisel and Photo Lake Targets
--------------------------------------------------------------------------
--------------------------------------------------------------------------
CH0602 48196 20991 1526 629 7 -82
--------------------------------------------------------------------------
CH0602W1(5) 48199 20923 1526 398 7 -82
--------------------------------------------------------------------------
CH0603 47562 21372 1537 1097 227 -63
--------------------------------------------------------------------------
CH0604 48274 20923 1527 188 17 -82
--------------------------------------------------------------------------
CH0604W1(6) 48274 20923 1527 182 17 -82
--------------------------------------------------------------------------
CH0605 49086 21140 1531 833 328 -70
--------------------------------------------------------------------------
CH0606 47196 20873 1529 764 37 -60
--------------------------------------------------------------------------
CH0607 49086 21140 1531 782 193 -78
--------------------------------------------------------------------------
CH0608 49012 21920 1532 515 267 -50
--------------------------------------------------------------------------
DUB165 46782 23657 1537 470 169 -60
--------------------------------------------------------------------------
DUB166 46850 23072 1528 1447 47 -85
--------------------------------------------------------------------------
DUB167 46706 23692 1536 557 166 -60
--------------------------------------------------------------------------
--------------------------------------------------------------------------
Flin Flon, Manitoba Targets
--------------------------------------------------------------------------
--------------------------------------------------------------------------
4Q80 50108 -17483 2563 435 278 -52
--------------------------------------------------------------------------
4Q81 50031 -17406 2562 374 277 -50
--------------------------------------------------------------------------
4Q82 50245 -17541 2564 575 263 -57
--------------------------------------------------------------------------
FFM005 50439 -17181 2560 746 325 -60
--------------------------------------------------------------------------
--------------------------------------------------------------------------
Flin Flon, Saskatchewan Targets
--------------------------------------------------------------------------
--------------------------------------------------------------------------
FFS039 49712 -18651 2548 1121 270 -55
--------------------------------------------------------------------------
FFS040 49309 -18121 2560 725 270 -55
--------------------------------------------------------------------------
FFS041 49592 -19186 2560 1256 270 -55
--------------------------------------------------------------------------
FFS042 49687 -17125 2560 863 270 -55
--------------------------------------------------------------------------
FFS043 49625 -16733 2560 809 270 -55
--------------------------------------------------------------------------
--------------------------------------------------------------------------
(1) The grids for each target area and geophysical anomaly holes are
independent and separately oriented.
(5) Length of the wedge portion - final hole depth was 647m, top of wedge
249m
(6) Length of the wedge portion - final hole depth was 272m, top of wedge
90m
Second Half 2006 Drill Hole Locations
Geophysical Targets
--------------------------------------------------------------------------
--------------------------------------------------------------------------
Grid(1) Grid(1) Grid(1) Hole Hole Hole
Hole East North Elev. Length Azimuth Dip
meters meters meters meters degrees degrees
--------------------------------------------------------------------------
--------------------------------------------------------------------------
Har Area - Snow Lake
--------------------------------------------------------------------------
--------------------------------------------------------------------------
HAR139(7) -1085 600 0 60 272 -65
--------------------------------------------------------------------------
HAR140 -250 600 0 383 272 -75
--------------------------------------------------------------------------
HAR141 -600 1200 0 295 272 -75
--------------------------------------------------------------------------
--------------------------------------------------------------------------
(1) The grids for each target area and geophysical anomaly holes are
independent and separately oriented.
(7) HAR139 was in progress in June at the (period) start final hole depth
was 350m.
Second Half 2006 Drill Hole Intersection Assay Results (8)
Mineral Deposit Targets
---------------------------------------------------------------------------
---------------------------------------------------------------------------
Hole Zone From To Core(9) Horiz.(10) Au Ag Cu Zn
meters meters Length Width g/t g/t % %
meters meters
---------------------------------------------------------------------------
---------------------------------------------------------------------------
Talbot Lake Target
---------------------------------------------------------------------------
---------------------------------------------------------------------------
TLS010 Main 626.36 642.53 16.17 13.04 1.87 15.83 0.56 1.26
---------------------------------------------------------------------------
TLS010 Incl.
Main 626.36 628.05 1.69 1.32 0.63 18.23 1.09 6.32
---------------------------------------------------------------------------
TLS010 688.31 690.00 1.69 1.53 0.07 1.20 0.30 0.00
---------------------------------------------------------------------------
TLS010 691.00 692.00 1.00 0.90 0.31 1.71 0.34 0.00
---------------------------------------------------------------------------
TLS010 694.00 695.38 1.38 1.25 0.17 1.71 0.40 0.00
---------------------------------------------------------------------------
TLS010 712.00 723.39 11.39 10.44 0.09 4.40 0.88 0.00
---------------------------------------------------------------------------
TLS010 Incl. 716.86 717.34 0.48 0.40 0.27 17.14 5.09 0.05
---------------------------------------------------------------------------
TLS010 Incl. 718.84 722.10 3.26 2.69 0.12 6.38 1.10 0.00
---------------------------------------------------------------------------
TLS011 556.60 556.83 0.23 0.19 0.07 0.00 0.00 1.01
---------------------------------------------------------------------------
TLS011 902.63 902.85 0.22 0.20 0.07 1.03 0.00 4.25
---------------------------------------------------------------------------
TLS011 Main 911.75 921.55 9.80 8.91 0.83 16.74 1.83 0.32
---------------------------------------------------------------------------
TLS011 Incl.
Main 918.40 921.55 3.15 2.86 2.07 36.42 4.24 0.59
---------------------------------------------------------------------------
TLS012 Main 564.46 578.00 13.54 11.86 5.65 61.38 0.35 0.26
---------------------------------------------------------------------------
TLS012 Incl. 567.09 567.21 0.12 0.09 0.27 15.09 1.90 6.12
---------------------------------------------------------------------------
TLS012 Incl. 570.00 571.57 1.57 1.24 16.58 123.95 0.33 0.02
---------------------------------------------------------------------------
TLS012 Incl.
Main 573.73 575.45 1.72 1.35 23.38 295.21 0.62 1.03
---------------------------------------------------------------------------
TLS012 650.46 651.00 0.54 0.48 0.27 3.77 0.87 0.00
---------------------------------------------------------------------------
TLS012 651.54 651.89 0.35 0.31 0.21 2.74 0.54 0.00
---------------------------------------------------------------------------
TLS013 Main 372.00 382.51 10.51 7.31 0.62 14.23 0.90 0.79
---------------------------------------------------------------------------
TLS013 Incl. 372.00 379.60 7.60 7.60 0.40 17.46 1.16 0.99
---------------------------------------------------------------------------
TLS013 Incl. 372.00 375.19 3.19 2.40 0.41 24.87 1.74 1.53
---------------------------------------------------------------------------
TLS013 Incl.
Main 378.31 379.60 1.29 0.97 0.95 36.53 2.15 1.68
---------------------------------------------------------------------------
TLS014 Main 849.16 849.90 0.74 0.67 0.45 21.94 0.10 8.13
---------------------------------------------------------------------------
TLS015 176.50 177.23 0.73 0.52 0.38 7.54 0.40 0.00
---------------------------------------------------------------------------
TLS015 183.50 185.07 1.57 1.13 0.05 9.65 0.52 0.06
---------------------------------------------------------------------------
TLS015 Main 479.76 492.00 12.24 9.55 0.17 2.27 0.32 0.09
---------------------------------------------------------------------------
TLS015 Incl.
Main 488.34 490.00 1.66 1.30 0.67 10.69 0.94 0.53
---------------------------------------------------------------------------
TLS016 330.73 331.73 1.00 0.84 0.07 11.31 0.43 0.00
---------------------------------------------------------------------------
TLS016 379.65 380.20 0.55 0.46 0.10 16.80 0.59 0.07
---------------------------------------------------------------------------
TLS016 Main 596.00 597.20 1.20 1.04 0.23 1.91 0.61 0.08
---------------------------------------------------------------------------
TLS017 Main 304.00 313.70 9.70 7.37 0.39 6.29 0.47 0.40
---------------------------------------------------------------------------
TLS017 Incl. 304.00 305.77 1.77 1.35 0.51 12.12 0.90 1.09
---------------------------------------------------------------------------
TLS018 Main 707.91 710.00 2.09 1.85 0.92 17.37 0.60 2.63
---------------------------------------------------------------------------
TLS019 Abandoned
---------------------------------------------------------------------------
TLS020 619.60 620.79 1.19 1.01 0.45 27.09 0.93 0.03
---------------------------------------------------------------------------
TLS020 Main 788.95 816.56 27.61 24.34 4.13 69.13 4.81 1.30
---------------------------------------------------------------------------
TLS020 Incl. 799.07 811.58 12.51 11.09 8.73 145.45 9.83 2.72
---------------------------------------------------------------------------
TLS020 Incl.
Main 801.93 811.58 9.65 7.70 11.16 184.37 12.44 3.50
---------------------------------------------------------------------------
---------------------------------------------------------------------------
Bur Target
---------------------------------------------------------------------------
---------------------------------------------------------------------------
BZS015 Main 232.45 233.66 1.21 1.30 0.09 20.74 3.29 17.65
---------------------------------------------------------------------------
BZS022 Main 292.22 293.69 1.47 1.40 0.09 40.79 5.34 4.99
---------------------------------------------------------------------------
---------------------------------------------------------------------------
(8) Intersection assays pages 9 through 11 are either a single assay of a
sample of the entire intersection length or a composite of assays
calculated from interval weighted assays over the intersection length.
(9) Intersection length
(10) Horiz. equals Horizontal
Second Half 2006 Drill Hole Intersection Assay Results(1)
Structural Targets
---------------------------------------------------------------------------
---------------------------------------------------------------------------
Hole Zone From To Core(9) Horiz.(10) Au Ag Cu Zn
meters meters Length Width g/t g/t % %
meters meters
---------------------------------------------------------------------------
---------------------------------------------------------------------------
Chisel and Photo Lake Targets
---------------------------------------------------------------------------
---------------------------------------------------------------------------
CH0- Chisel
602 Horizon 564.00 565.00 1.00 1.05(11) 0.24 7.60 0.10 3.34
---------------------------------------------------------------------------
CH06- Chisel
02W1 Horizon 551.33 561.75 10.42 10.94(11) 0.13 5.52 0.08 1.53
---------------------------------------------------------------------------
CH06-
02W1 Incl. 551.33 551.55 0.21 0.22(11) 0.65 26.40 0.17 2.44
---------------------------------------------------------------------------
CH06-
02W1 Incl. 555.59 556.28 0.69 0.72(11) 0.10 5.83 0.13 7.65
---------------------------------------------------------------------------
CH06-
02W1 Incl. 561.21 561.75 0.54 0.57(11) 0.14 10.29 0.07 4.00
---------------------------------------------------------------------------
CH0603 1083.81 1084.14 0.33 0.35(11) 1.30 12.00 1.28 0.08
---------------------------------------------------------------------------
CH0604 No Significant Values
---------------------------------------------------------------------------
CH0604W1 No Significant Values
---------------------------------------------------------------------------
CH0605 No Significant Values
---------------------------------------------------------------------------
CH0606 No Significant Values
---------------------------------------------------------------------------
CH0607 365.59 365.90 0.31 0.33(11) 0.34 1.71 0.10 1.09
---------------------------------------------------------------------------
CH0608 No Significant Values
---------------------------------------------------------------------------
DUB165 351.02 351.48 0.46 0.51(11) 0.86 6.86 0.02 0.98
---------------------------------------------------------------------------
DUB165 351.90 352.40 0.50 0.55(11) 0.07 1.71 0.02 0.55
---------------------------------------------------------------------------
DUB165 387.65 388.08 0.43 0.47(11) 0.21 9.60 0.02 0.60
---------------------------------------------------------------------------
DUB166 No assays to date
---------------------------------------------------------------------------
DUB167 366.00 366.36 0.36 0.40(11) 0.55 17.14 0.00 1.09
---------------------------------------------------------------------------
DUB167 367.07 367.63 0.56 0.62(11) 0.21 3.77 0.03 1.34
---------------------------------------------------------------------------
DUB167 382.73 383.56 0.83 0.92(11) 0.14 0.00 0.05 0.52
---------------------------------------------------------------------------
DUB167 385.44 385.72 0.28 0.31(11) 0.17 0.69 0.07 0.93
---------------------------------------------------------------------------
DUB167 414.65 445.63 30.98 34.50(11) 0.38 3.01 0.48 0.04
---------------------------------------------------------------------------
DUB167 Incl. 421.84 422.35 0.51 0.57(11) 4.87 51.09 6.79 0.33
---------------------------------------------------------------------------
DUB167 Incl. 425.11 425.37 0.26 0.29(11) 2.54 25.37 2.78 0.44
---------------------------------------------------------------------------
DUB167 Incl. 443.82 444.11 0.29 0.32(11) 0.79 11.31 1.56 0.25
---------------------------------------------------------------------------
DUB167 Incl. 444.95 445.63 0.68 0.75(11) 0.62 13.03 2.03 0.18
---------------------------------------------------------------------------
---------------------------------------------------------------------------
Flin Flon, Manitoba Targets
---------------------------------------------------------------------------
---------------------------------------------------------------------------
4Q80 No Significant Values
---------------------------------------------------------------------------
4Q81 No Significant Values
---------------------------------------------------------------------------
4Q82 No Significant Values
---------------------------------------------------------------------------
FFM005 No Significant Values
---------------------------------------------------------------------------
---------------------------------------------------------------------------
Flin Flon, Saskatchewan Targets
---------------------------------------------------------------------------
---------------------------------------------------------------------------
FFS039 No Significant Values
---------------------------------------------------------------------------
FFS040 No Significant Values
---------------------------------------------------------------------------
FFS041 No Significant Values
---------------------------------------------------------------------------
FFS042 No Significant Values
---------------------------------------------------------------------------
---------------------------------------------------------------------------
(8) Intersection assays pages 9 through 11 are either a single assay of a
sample of the entire intersection length or a composite of assays
calculated from interval weighted assays over the intersection length.
(9) Intersection length
(10) Horiz. equals Horizontal
(11) Vertical thickness, not horizontal width
Second Half 2006 Drill Hole Intersection Assay Results (8)
Geophysical Targets
---------------------------------------------------------------------------
---------------------------------------------------------------------------
Hole Zone From To Core(9) Horiz.(10) Au Ag Cu Zn
meters meters Length Width g/t g/t % %
meters meters
---------------------------------------------------------------------------
---------------------------------------------------------------------------
Har Area - Snow Lake
---------------------------------------------------------------------------
---------------------------------------------------------------------------
HAR-
139(6) Anomaly No Significant Values
---------------------------------------------------------------------------
HAR-
140 Anomaly No Significant Values
---------------------------------------------------------------------------
HAR-
141 Anomaly No Significant Values
---------------------------------------------------------------------------
---------------------------------------------------------------------------
(8) Intersection assays pages 9 through 11 are either a single assay of a
sample of the entire intersection length or a composite of assays
calculated from interval weighted assays over the intersection length.
(9) Intersection length
(10) Horiz. equals Horizontal
FOR FURTHER INFORMATION PLEASE CONTACT:
HudBay Minerals Inc.
Brad Woods
Director, Investor Relations
(204) 949-4272
(204) 942-8177 (FAX)
Email: Brad.woods@hbms.ca
Website:
www.hudbayminerals.com