Hudbay President David Garofalo in commenting on their third quarter 2015 results which we reported yesterday said plans continue to be developed for the Lalor Mine near Snow Lake. He says during 2016 they expect to publish their expansion plans for Lalor incorporating the recently acquired New Britannia concentrator and an update mine plan with the anticipated construction of a paste fill plant. He adds they are also continuing their planned 85 hundred meter drill program at Lalor which consists of 15 to 20 exploration holes targeting the lower portion of the main copper gold zone and down plunge potential. He says they anticipate the initial phase two drill results will be published with their fourth quarter earnings release in February.
Garofalo adds for the third quarter of this year ore processed at their Manitoba operations was relatively consistent compared to the same period of 2014.