HudBay Minerals Inc. 2010 Annual Report
HudBay Minerals Inc. 2010 Annual Report
HudBay Minerals Inc. 2010 Annual Report
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
Peru<br />
Tumbes<br />
Iquitos<br />
Talara<br />
Sullana<br />
Piura<br />
Paita<br />
Yurimaguas<br />
Chachapoyas Moyobamba<br />
Tarapoto<br />
Chiclayo<br />
Cajamarca<br />
Trujillo<br />
Santa Lucia Pucallpa<br />
Salaverry<br />
Chimbote<br />
Huaraz<br />
Huanuco<br />
Goyllarisquizga<br />
Cerro de Pasco<br />
Huacho<br />
LIMA<br />
Huancayo<br />
Huancavelica Quillabamba<br />
Ayacucho<br />
Pisco<br />
Abancay<br />
Ica<br />
Nazca<br />
Puerto Maldonado<br />
Cusco<br />
Juliaca<br />
CONSTANCIA<br />
With the acquisition of Constancia, we have a major new<br />
exploration platform. The extensive land package is in a highly<br />
prospective area where large deposits have already been found.<br />
There is exploration upside for copper oxide, additional porphyry<br />
deposits and gold mineralization.<br />
Although we are in the early stages of developing an exploration<br />
program for Constancia, we have identified two immediate<br />
targets in the Pampacancha and Chilloroya South prospects,<br />
which are in close proximity to the Constancia deposit. We also<br />
intend to evaluate some untested geophysical targets and apply<br />
our geophysical techniques in the area.<br />
Las Bambas Development Project – Xstrata<br />
Haquira Development Project – First Quantum<br />
Antapaccay Development Project – Xstrata<br />
Puno<br />
Arequipa<br />
Desaguadero<br />
Matarani Moquegua<br />
Ilo<br />
Tacna<br />
Our presence in Peru also provides us with the opportunity to identify<br />
and acquire interests in other prospective properties in Peru, which<br />
has the third largest exploration budget by country in the world.<br />
Yukon<br />
Tom and Jason are 100%-owned lead-zinc deposits with silver<br />
credits in the Yukon that have been in our portfolio for many<br />
years. We believe that with the current long-term outlook for<br />
lead and zinc prices, these deposits have very good potential,<br />
and we have budgeted $2 million for exploration in 2011.<br />
The focus will be on upgrading resources from the inferred to<br />
indicated categories, testing extensions and studying some<br />
of the regional anomalies in the area. We intend to initiate a<br />
preliminary economic assessment on the project in early 2012.<br />
$68 million has<br />
been allocated<br />
for exploration<br />
opportunities<br />
in 2011.<br />
18 <strong>HudBay</strong> <strong>Minerals</strong> <strong>Inc</strong>. <strong>2010</strong> <strong>Annual</strong> <strong>Report</strong>
Change language