In their 2022 yearend report President Peter Kukielski reported Hudbay started a drill program last month with four drill rigs testing the down dip gold and copper extensions of the Lalor deposit…..
“This is the first time we have completed step out drilling in the deeper zones at Lalor since the initial discovery of the gold and copper zones in 2009 and 2010. One additional drill rig is actively testing a target to the north of Lalor which is another prospective location next to the main Lalor ore body that is thought to be offset by post mineralization faulting. The first phase of this program includes a total of 12 holes and over 20 thousand meters of drilling followed by a combination of surface and borehole electro-magnetic surveys. Based on the results in the first phase program a follow up drill program is planned for the winter of 2024.”
Among the key objectives of this drilling is to have the potential to expand Snow Lake mineralization beyond the current 2.4 million ounces of reserves and 1.7 million ounces of resources.