HudBay Minerals Increases Exploration Lands.WINNIPEG, Manitoba -- HudBay Minerals Inc. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :HBM HBM Human Body Model HBM Human Brain Mapping HBM Hottinger Baldwin Messtechnik GmbH (German company) HBM High Bone Mass HBM Hybrid Bilayer Membrane HBM Humming Bird Medal HBM Her/His Britannic Majesty ) (HudBay) announced today that its subsidiary Hudson Bay Hudson Bay, inland sea of North America, c.475,000 sq mi (1,230,000 sq km), c.850 mi (1,370 km) long and c.650 mi (1,050 km) wide, E central Canada. Hudson Bay and James Bay (its southern extension) and all their islands border Nunavut Territory, Manitoba, Ontario, Exploration and Development Company Limited (HBED HBED N,n'-Bis- (2-Hydroxybenzyl)ethylenediamine-N,n'-Dipropionic Acid (a chelator) ) has increased its exploration land holdings in the Flin Flon Greenstone Belt in northern Manitoba. HBED has acquired two mineral exploration licenses in northern Manitoba, south east of Snow Lake, increasing its exploration land holdings by approximately 94,000 hectares to a total of approximately 296,000 hectares. The increase relates to mineral deposit targets and covers several geophysical targets. The increase is not related to any new diamond drilling results or other information. HudBay plans to continue spending $10 million each year through 2007, on exploration in the Flin Flon Greenstone Belt. Peter Jones, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of HudBay, said, "increasing our holdings gives HudBay land security around mineral deposit targets and several geophysical targets in the area as well as adding almost 50% to our available exploration lands in the Greenstone belt." About HudBay Minerals Inc. HudBay Minerals Inc. is an integrated mining and metal producing company that operates mines and concentrators in northern Manitoba and a metal processing complex in Flin Flon, Manitoba. The company also owns a zinc oxide zinc oxide, chemical compound, ZnO, that is nearly insoluble in water but soluble in acids or alkalies. It occurs as white hexagonal crystals or a white powder commonly known as zinc white. production facility in Brampton, Ontario, a copper refinery in Michigan and the former producing Balmat zinc mine in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of State, which is being reopened. Forward Looking Statements Certain information regarding HudBay set forth in this document, including management's assessment of HudBay's future plans and operations contains forward looking statements that involve substantial known and unknown risks and uncertainties. These forward looking statements are subject to numerous risks and uncertainties, some of which are beyond HudBay's and management's control, including but not limited to, the impact of general economic conditions, the availability or advisement Deliberation; consultation. A court takes a case under advisement after it has heard the arguments made by the counsel of opposing sides in the lawsuit but before it renders its decision. ADVISEMENT. of spending exploration funds, industry conditions, fluctuation of commodity prices, risks related to the integration of acquisitions, fluctuation of foreign exchange rates, imperfection im·per·fec·tion n. 1. The quality or condition of being imperfect. 2. Something imperfect; a defect or flaw. See Synonyms at blemish. imperfection Noun 1. of mineral reserve and mineral resource estimates, estimates of land area held, seasonally variations and ease of access for exploration, availability of diamond drilling and electromagnetic equipment especially during periods of high demand in the mining industry, commodity prices, risks associated with exploration, development and mining, environmental risks, industry competition, availability of qualified personnel and management, timely and cost effective access to sufficient capital from internal and external sources. HudBay's actual results, performance or achievement could differ materially from those expressed in or implied by, these forward looking statements and, accordingly, no assurance can be given that any of the events anticipated to occur or transpire from the forward looking statements will provide any benefits to HudBay. HudBay Minerals Inc. (TSX:HBM) |
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