Crone PEM System Discovered HudBay's Lalor Lake"It was a Crone PEM system that discovered the Lalor Lake deposit 800 metres below surface in 2007, the largest base metal deposit discovered in Canada in decades. "
Marketwired - March 19, 2014
Hudbay Minerals's Lalor Lake Project
The Lalor project is on a fast track to become our next major underground mine. The project is believed to hold the second-largest metal deposit in the Flin Flon Greenstone Belt and the largest pre-development deposit discovered in the Flin Flon-Snow Lake region.
Location: Chisel Basin of the Flin Flon Greenstone Belt in Manitoba, 210 kilometres east of Flin Flon
· Ownership: 100%
· Property: 916 hectares
· Primary metals: gold, zinc, copper
· Secondary metals: silver
· Type of mining: underground
· Production rate: 4,500 tonnes per day
· Projected life of mine: 20 years
· Capital costs for Lalor mine: (2010 to 2014): $441 million
· Annual sustaining capital expenditures: $22 million
· Estimated mining cost per tonne: $36
· Estimated milling cost per tonne: $16
Lalor Project – Mineral Reserves as at March 30, 2012
| Zone |
Category |
Million Tonnes |
Au (g/t) |
Ag (g/t) |
Cu (%) |
Zn (%) |
| Base Metal |
Probable Reserves |
12.591 |
1.55 |
23.81 |
0.63 |
7.92 |
| Gold Zone |
Probable Reserves |
1.841 |
3.99 |
21.77 |
0.38 |
0.38 |
| Total |
Reserves |
14.432 |
1.86 |
23.55 |
0.60 |
6.96 |
https://www.hudbayminerals.com/English/Our-Business/Development/Lalor/default.aspx