In their second quarter 2019 financial statement Hudbay reports Triple Seven Mine in Flin Flon and Lalor in Snow lake output increased by 35 and 21 percent respectively with total ore mined increasing by one percent over the same period last year offset by the closure of Reed Mine last August.
Hudbay Senior Vice-President Cashel Meagher reports since its discovery last February drilling has continued to define the extent and geometry of their 1901 deposit which is located between the former producing Chisel North mine and Lalor mine less than a thousand meters from an active underground ramp at a depth ranging from 550 to 650 meters and within 15 kilometers trucking distance of the Stall concentrator. He adds the mineralization is interpreted as two zinc VMS lenses with locally high grade gold and silver content.
The mineral resource estimate indicates 2.1 million tonnes grading 9.67 percent zinc, .87 grams per tonne gold, 30.7 grams per tonne silver and .25 percent copper. They note the gold and silver rich mineralization is likely to constitute a suitable feed for the New Britannia gold mill after its refurbishment is completed in 2022.