Hudbay reaches agreements for Peru mining properties

Hudbay is expanding its footprint in Peru with three mine sites located near its Constancia mine.

A Jan. 8 release from Hudbay states that it has entered into an option agreement with a private Peruvian consortium to earn a 100 per cent interest in the Cabillito mining property – formerly Katanga mine – and Maria Reyna mining property. It also entered into an agreement to acquire 100 per cent of the Kusiorcco mining properties from Panora Minerals Ltd.

Located about three kilometers northwest of Constancia, the Caballito property is a 297 acre concession block, on which the Katanga mine once sat. According to the release, Katanga produced copper oxide intermittently from the early 1900s to the early 1990s.

The Maria Reyna property is located within ten kilometers of Constancia. The property is a 14,456 acre concession block, which has seen previous diamond drilling, which resulted in a copper skarn-porphyry discovery. Hudbay reports geophysical surveys and geological mapping have been conducted on the property.

The Kusiorcco property is located within seven kilometers of Constancia, and is a 9,790 acre concession block.

Hudbay is beginning permitting, technical activities and community relations required to access and conduct drilling activities on its newly acquired concessions.