Hudbay granted surface rights near Constancia mine
The Uchucarcco community of Peru has formally approved an exploration agreement with Hudbay, granting the TSX- and NYSE-listed company surface rights to the Maria Reyna and Caballito satellite properties located near the Constancia mine.
These satellite properties consist of a big, contiguous block of mineral rights held by Hudbay and have the potential to host mineral deposits within trucking distance of the Constancia processing facilities.
“We are very pleased to have reached an exploration agreement with the Uchucarcco community on these highly prospective properties,” said company president and CEO Peter Kukielski.
“Historic drilling at Maria Reyna indicates attractive grades over wide intersections starting at surface and the past-producing Caballito property has the potential to add higher grade copper mineralisation to our Constancia operations.”
The company expects to start early field exploration activities in August.
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