HudBay Minerals Inc.
TSX : HBM

HudBay Minerals Inc.

March 20, 2006 17:52 ET

HudBay Minerals Inc. 2005 Exploration Update

WINNIPEG, MANITOBA--(CCNMatthews - March 20, 2006) - HudBay Minerals Inc. (TSX:HBM) (HudBay) announces the following 2005 exploration update at its Hudson Bay Mining and Smelting Co., Limited (HBMS) subsidiary in the Flin Flon Greenstone Belt in Northern Manitoba and Saskatchewan. For illustrations and historical data readers should access the HudBay web site at www.hudbayminerals.com.

The 2005 program, from February to year end, was funded by $10 million flow through financings completed in 2005 and is part of HudBay's planned $30 million, three year exploration program in the Greenstone Belt. Exploration was managed by HBMS' Hudson Bay Exploration and Development Company Limited (HBED) subsidiary and by year end approximately 60% of the 2005 flow-through funding had been expended. HudBay has a greater exploration drilling intensity during winter months when drill site access is facilitated.

During 2005, approximately 38,636 meters of surface diamond drilling in 69 holes was completed. The program excludes exploration in the Company's operating mines.

The 2005 program focussed on diamond drilling of mineral deposit targets, structural targets and geophysical anomaly targets.

"I am pleased with the encouraging results from the 2005 program," said Peter R. Jones, president and CEO of HudBay. "The results justify a continuation of our planned $30 million exploration expenditure over three years."

NOTE: To view the map of the 'Flin Flon Greenstone Belt' please visit the following link - http://www.ccnmatthews.com/docs/hbm0320.doc

Mineral Deposit Targets

During 2005, 15,456 meters were drilled in 29 holes on four deposits close to the Snow Lake concentrator:



Talbot Lake deposit 83 km from Snow Lake concentrator
Harmin deposit 70 km from Snow Lake concentrator
Watts River deposit 52 km from Snow Lake concentrator
Bur deposit 22 km from Snow Lake concentrator


Talbot Lake Target

The Talbot Lake steeply dipping copper and zinc deposit has massive sulphide, sulphide breccias and disseminated stringer zones that are all coarsely crystalline. During 2005, 5,747 meters were drilled in nine drill holes and all holes intersected mineralization. Two notable intersections were:

- 4.17% Cu, 5.52% Zn over 7.65 meters in hole TLS004

- 5.17% Cu, 3.59% Zn over 4.20 meters in hole TLS006

Harmin Target

The Harmin copper and zinc deposit has two steeply dipping massive sulphide lenses, associated breccias and stringer zones. During 2005, 3,333 meters in seven holes were drilled. Six holes intersected mineralization and notable intersections in hole HZS001 were:

- 2.42% Cu, 1.33% Zn over 8.10 meters, from 322.03 to 330.13m

- 2.18% Cu, 2.97% Zn over 31.89 meters, from 338.53 to 370.42m

Watts River Target

The Watts River copper and zinc deposit has a steeply dipping main zone of massive sulphide, associated disseminated and stringer sulphide mineralization as well as a parallel zone, the Watts River East Zone, of disseminated and stringer chalcopyrite, pyrite, pyrrhotite and sphalerite mineralization.

During 2005, 2,181 meters were drilled in six holes. Four holes intersected mineralization and two holes were abandoned due to casing movement. Notable main zone intersections were:

- 3.04% Cu, 0.79% Zn over 3.07 meters in drill hole WRS001

- 1.21% Cu, 2.24% Zn over 3.73 meters in drill hole WRS004

- 2.51% Cu, 2.44% Zn over 13.79 meters in drill hole WRS005

Results indicate an increase in the thickness and grade of the deposit at depth.

Bur Target

The steeply dipping Bur copper and zinc deposit has fine grained massive sulphide and associated disseminated sulphides. The massive sulphide mineralization is atypical of the Flin Flon Greenstone belt as it is uncharacteristically thin and laterally extensive.

During 2005, 4,195 meters in seven complete holes and one incomplete hole were drilled. Mineralization was intersected by all of the completed holes. Notable intersections were:

- 3.06% Cu, 8.55% Zn over 1.36 meters in drill hole BZS004

- 1.29% Cu, 4.49% Zn over 2.05 meters in drill hole BZS005

- 0.20% Cu, 10.39% Zn over 0.47 meters in drill hole BZS006

A National Instrument NI 43-101 (NI 43-101) non-compliant mineral resource estimate was done for the deposit in the early 1990s. The HBED employed geologists who prepared the estimate determined that from surface to the -600 meter level the mineral resources were:



Category Tonnes %Cu %Zn
-------- ------ --- ---
Indicated 391,061 2.01 8.98
Inferred 896,655 1.94 7.68


The estimate was based on 38,266 meters of diamond drilling in 117 holes drilled between 1971 and 1992, including 13 holes below the - 600 meter level which were not used in the estimate. Drill hole intersections, included in the estimate, were diluted to a minimum horizontal width of 1.52 meters.

Structural Targets

During 2005, 17,533 meters were drilled on structural targets including 7,153 meters in 13 holes in the prior Chisel Lake Mine area, 1,632 meters in four holes in the prior Anderson Lake Mine area and 1,072 meters in one hole and one hole deepening in the prior Birch Lake Mine area. No notable mineral intersections were encountered.

During 2005, 7,676 meters were drilled in seven holes in the three areas, including the Myo Rhyolite, the Flin Flon Mine Footwall and the Sub-Missi Sediment, to explore the prior Flin Flon Mine Horizon. Drilling the Myo Lake Rhyolite did not intersect notable sulphide mineraliztation. Drilling in the Flin Flon Mine Footwall intersected a fault block of the Flin Flon mine stratigraphy that was additionally defined on surface by detailed mapping. One deep hole below the Missi Sediment cover was drilled and drilling was suspended in what are interpreted as the hanging wall rocks of the Flin Flon Mine Horizon at a depth of 1,811 meters.

Geophysical Targets

During 2005, 5,647 meters were drilled in 15 holes testing 12 geophysical anomaly targets.

One drill hole, NER 200, intersected a new occurrence of disseminated to near solid sulphide mineralization. The notable intersections in hole NER 200 were:

- 1.54 g/t Au, 0.69 g/t Ag, 0.02% Cu, 4.54% Zn over 0.16 meters from 290.49m to 290.65m

- 2.74g/t Au, 10.29 g/t Ag, 5.10% Cu, 0.77% Zn over 0.29 meters from 294.93 to 295.22m

2005 HudBay Procedures

Exploration core drilling was either NQ or BQ size. The core was logged and mineralized intersections were marked for sampling and assaying, by HBED employed geologists. The marked intersections or intervals were sawn in half by a diamond saw and one half of the core was placed in plastic bags and tagged with unique sample numbers, while the second half was returned to the core box and stored.

Each bagged core sample was transported to the HBMS assay laboratory in Flin Flon, Manitoba where it was dried, crushed and pulverized and a 250 gram sample was prepared for assaying.

From each 250 gram sample 0.25 grams was removed and leached in aqua regia and analyzed by ICP-AES for Ag, Cu, Zn, As, Pb, Ni and Fe. Also from the 250 gram sample, 15 grams was removed for gold determination by fire assaying with Atomic Absorption finish.

Assaying integrity is monitored internally with a quality control program, which includes the use of assay sample standards, blanks, duplicates and repeats and externally through national and international programs. In addition, within each group of 20 core samples, one core sample has a second 250 gram split collected for check assaying at Acme Analytical Laboratories Ltd. in Vancouver B.C.

News Release and Attachments

The news release and attached tables provide core lengths and additionally where indicated, estimated horizontal lengths of mineralization intersected. True widths are not provided. Where metal assays are provided for intersections they are either a single assay of a sample of the entire intersection length or a composite of assays calculated from interval weighted assays over the intersection length.

The data herein and the contents of this press release have been reviewed by Kelly Gilmore, B.Sc. P. Geo. who is a Qualified Person, within the meaning of NI 43-101, with the ability and authority to verify the authenticity and validity of the data.

Attached to this news release are tables showing the 2005 drill results. Prior periods and previously undisclosed drill results for Talbot Lake deposit, Harmin deposit, Watts River deposit and the Bur deposit together with graphics may be found at the HudBay web site at www.hudbayminerals.com.

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 production facility in Brampton, Ontario, a copper refinery in Michigan and the former producing Balmat zinc mine in New York 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, industry conditions, fluctuation of commodity prices, risks related to the integration of acquisitions, fluctuation of foreign exchange rates, imperfection of mineral reserve and mineral resource estimates, 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.



2005 Drill Hole Locations
Mineral Deposit Targets

---------------------------------------------------------------------
---------------------------------------------------------------------
Grid(1) Grid(1) Grid(1) Hole Hole Hole
East North Elev. Length Azimuth Dip
Hole meters meters meters meters degrees degrees
---------------------------------------------------------------------
---------------------------------------------------------------------
Talbot Target
---------------------------------------------------------------------
TLS001 725.0 180.0 0 332.0 285.0 -60.0
TLS002 850.0 260.0 0 519.0 285.0 -67.0
TLS003 700.0 280.0 0 323.0 285.0 -60.0
TLS004 1015.0 140.0 0 749.0 285.0 -70.0
TLS005 850.0 110.0 0 617.0 285.0 -67.0
TLS006 1015.0 240.0 0 767.0 285.0 -70.0
TLS007 1040.0 800.0 0 759.0 285.0 -76.0
TLS008 1100.0 160.0 0 881.0 285.0 -70.0
TLS009 1100.0 280.0 0 800.0 285.0 -68.0
---------------------------------------------------------------------
---------------------------------------------------------------------
Harmin Target
---------------------------------------------------------------------
HZS001 185.0 400.0 0 449.0 114.0 -55.0
HZS002 175.0 500.0 0 521.0 114.0 -65.0
HZS003 345.0 450.0 0 189.0 114.0 -55.0
HZS004 380.0 100.0 0 200.0 114.0 -55.0
HZS005 125.0 420.0 0 644.0 114.0 -66.0
HZS006 105.0 520.0 0 668.0 114.0 -70.0
HZS007 130.0 300.0 0 662.0 114.0 -70.0
---------------------------------------------------------------------
---------------------------------------------------------------------
Watts River Target
---------------------------------------------------------------------
WRS001 2745.0 400.0 0 326.0 285.0 -65.0
WRS002 2695.0 200.0 0 272.0 285.2 -57.0
WRS003 3122.0 100.0 0 101.0 286.1 -75.0
WRS004 2865.0 300.0 0 479.0 283.0 -65.0
WRS005 3123.0 100.0 0 791.0 286.1 -75.0
WRS006 2965.0 370.0 0 212.0 283.0 -65.0
---------------------------------------------------------------------
---------------------------------------------------------------------
Bur Target
---------------------------------------------------------------------
BZS001 -579.1 1645.9 0 455.0 130.0 -65.0
BZS002 -487.7 3383.3 0 533.0 130.0 -70.0
BZS003 -442.0 3017.5 0 401.0 130.0 -70.0
BZS004 -518.2 3931.9 0 596.0 130.0 -80.0
BZS005 -533.4 2377.4 0 452.0 130.0 -65.0
BZS006 -670.6 4480.6 0 758.0 130.0 -80.0
BZS007 -542.5 1188.7 0 392.0 130.0 -65.0
BZS008(2) -503.0 3370.0 0 608.0 130.0 -85.0
---------------------------------------------------------------------
---------------------------------------------------------------------
(1) The grids for each target area and geophysical anomaly holes are
independent and separately oriented.
(2) Incomplete and hole excluded from total holes drilled in 2005.



2005 Drill Hole Locations
Structural Targets

---------------------------------------------------------------------
---------------------------------------------------------------------
Grid(1) Grid(1) Grid(1) Hole Hole Hole
East North Elev. Length Azimuth Dip
Hole meters meters meters meters degrees degrees
---------------------------------------------------------------------
---------------------------------------------------------------------
Anderson Mine Area
---------------------------------------------------------------------
AS0501 66.0 2743.0 0 296.0 122.0 -60.0
AS0502 -116.0 2702.0 0 766.0 113.0 -78.0
AS0503 66.0 2743.0 0 308.0 110.0 -58.0
AS0504 66.0 2743.0 0 262.0 129.0 -62.0
---------------------------------------------------------------------
---------------------------------------------------------------------
Chisel Mine Area
---------------------------------------------------------------------
CH0501 48715.0 20356.0 0 581.0 47.0 -87.0
CH0502 48114.0 20154.0 0 683.0 47.0 -90.0
CH0503 48293.0 20761.0 0 317.0 320.0 -82.0
CH0504 48270.0 20823.0 0 872.0 337.0 -75.0
CH0505 48051.0 20244.0 0 692.0 97.0 -78.0
CH0506 48555.0 20834.0 0 554.0 117.0 -73.0
CH0507 48640.0 20211.0 0 560.0 287.0 -68.0
CH0508 48196.0 20991.0 0 239.0 317.0 -78.0
CH0509 48196.0 20991.0 0 224.0 287.0 -80.0
CH0510 48196.0 20991.0 0 239.0 287.0 -85.0
CH0511 48114.0 21097.0 0 821.0 217.0 -85.0
CH0512 48511.7 20533.4 0 242.0 204.0 -74.0
CH0513 48511.7 20533.4 0 752.0 194.0 -85.0
CH961DPN(3) 47805.4 20670.6 0 912.0 47.0 -90.0
CH9712DPN(3) 47812.8 20533.4 0 807.0 47.0 -90.0
---------------------------------------------------------------------
---------------------------------------------------------------------
Birch Lake Mine Area
---------------------------------------------------------------------
B090 -445.0 1645.2 0 941.0 108.0 -70.0
B89W1DPN(3) -386.5 1524.0 0 1042.0 108.0 -78.0
---------------------------------------------------------------------
---------------------------------------------------------------------
Flin Flon Mine Area
---------------------------------------------------------------------
FFS033 91.4 -365.0 0 610.0 40.0 -55.0
FFS034 -548.6 -357.2 0 845.0 40.0 -55.0
FFS035 -1005.8 563.9 0 755.0 40.0 -60.0
FFS036 -154.8 -443.3 0 1265.0 240.0 -55.0
FFS037 -202.1 -951.3 0 1055.0 240.0 -55.0
FFS038 -185.9 -469.1 0 1335.0 240.0 -55.0
FFM004 53382.0 -19523.0 0 1811.0 135.0 -85.0
---------------------------------------------------------------------
---------------------------------------------------------------------
(1) The grids for each target area and geophysical anomaly holes are
independent and separately oriented.
(3) Hole deepening, total depth shown in table. Hole not included in
drill hole count.
Net meters drilled were CH961DPN (241m), CH9712DPN (250m) and
B89W1DPN (131m).



2005 Drill Hole Locations
Geophysical Targets

---------------------------------------------------------------------
---------------------------------------------------------------------
Grid(1) Grid(1) Grid(1) Hole Hole Hole
East North Elev. Length Azimuth Dip
Hole meters meters meters meters degrees degrees
---------------------------------------------------------------------
---------------------------------------------------------------------
Har Area
---------------------------------------------------------------------
HAR106 800.0 900.0 0 288.0 285.0 -55.0
HAR107 300.0 1100.0 0 392.0 105.0 -55.0
HAR108 300.0 300.0 0 629.0 83.0 -55.0
HAR109 700.0 400.0 0 281.0 263.0 -55.0
HAR110 800.0 300.0 0 341.0 288.0 -55.0
---------------------------------------------------------------------
---------------------------------------------------------------------
Kus/Freebeth Area
---------------------------------------------------------------------
KUS303 600.0 1400.0 0 254.0 268.0 -55.0
FB151 425.0 300.0 0 278.0 109.0 -55.0
FB152 700.0 300.0 0 317.0 196.0 -55.0
---------------------------------------------------------------------
---------------------------------------------------------------------
Flin Flon Area
---------------------------------------------------------------------
NER198 575.0 500.0 0 770.0 122.0 -60.0
NER199 500.0 600.0 0 379.0 302.0 -50.0
NER200 605.0 500.0 0 389.0 302.0 -50.0
NER201 50.0 700.0 0 512.0 101.0 -50.0
NER202 -54.8 1829.0 0 152.0 65.0 -45.0
NER203 280.0 400.0 0 348.0 122.0 -65.0
STACK001 -490.0 1100.0 0 317.0 96.0 -45.0
---------------------------------------------------------------------
---------------------------------------------------------------------
(1) The grids for each target area and geophysical anomaly holes are
independent and separately oriented.



2005 Drill Hole Intersection Assay Results(4)
Mineral Deposit Targets

---------------------------------------------------------------------
---------------------------------------------------------------------
Core(5) Horiz.(6)
From To Length Width Au Ag Cu Zn
Hole Zone meters meters meters meters g/t g/t % %
---------------------------------------------------------------------
---------------------------------------------------------------------
Talbot Target
---------------------------------------------------------------------
TLS001 Main 251.00 253.70 2.70 2.23 1.09 24.16 0.66 0.38
TLS002 Main 416.90 421.00 4.10 2.87 1.55 36.43 2.33 0.87
TLS003 Main 217.00 224.10 7.10 5.80 0.34 12.65 0.88 0.81
TLS004 Main 667.60 675.25 7.65 5.54 1.55 62.73 4.17 5.52
TLS004 FW 718.20 719.00 0.80 0.70 0.00 1.37 0.08 31.61
TLS005 Main 461.50 468.40 6.90 5.17 10.36 54.54 0.29 0.74
TLS006 Main 640.25 644.45 4.20 2.94 3.15 53.05 5.17 3.59
TLS007 Main 718.90 720.00 1.10 0.68 1.21 39.12 2.36 1.76
TLS008 Main 805.10 808.00 2.90 2.14 1.34 36.90 2.61 3.21
TLS009 HW 687.00 689.30 2.30 1.90 1.36 37.80 2.43 2.54
TLS009 Main 699.25 700.60 1.35 1.05 0.31 10.84 1.81 3.39
---------------------------------------------------------------------
---------------------------------------------------------------------
Harmin Target
---------------------------------------------------------------------
HZS001 Main 322.03 330.13 8.10 6.09 0.26 22.05 2.42 1.33
HZS001 FW 338.53 370.42 31.89 24.09 0.21 19.83 2.18 2.97
HZS002 Main 400.66 421.71 21.05 12.76 0.15 5.34 0.33 0.39
HZS002 FW 433.27 442.70 9.43 5.72 0.18 4.49 0.31 0.37
HZS003 Main 107.35 108.79 1.44 0.47 1.26 76.65 0.04 0.03
HZS003 FW 118.75 122.57 3.82 1.26 0.05 7.32 0.71 3.56
HZS004 Main 139.27 141.73 2.46 1.73 0.08 4.56 0.35 0.52
HZS004 FW 165.50 166.50 1.00 0.70 0.86 11.66 0.96 1.95
HZS005 Main 493.82 498.21 4.39 2.97 0.16 15.13 1.46 2.78
HZS005 FW 560.00 564.96 4.96 3.49 No notable assays
HZS006 Main 571.31 581.23 9.92 5.64 0.18 4.66 0.37 0.09
HZS006 FW 637.75 642.85 5.10 2.94 No notable assays
HZS007 Main 561.50 561.87 0.37 0.23 0.10 0.00 0.02 0.00
HZS007 FW 591.00 600.00 9.00 5.57 No notable assays
---------------------------------------------------------------------
---------------------------------------------------------------------
Watts River Target
---------------------------------------------------------------------
WRS001 Main 217.83 220.90 3.07 2.40 0.94 44.85 3.04 0.79
WRS002 Main 169.85 170.00 0.15 0.14 0.03 3.43 0.20 0.06
WRS003 Abandoned
WRS004 Main 369.60 373.33 3.73 3.60 0.35 21.96 1.21 2.24
WRS005 East 209.21 214.88 5.67 4.72 0.27 27.43 0.39 1.32
WRS005 Main 724.64 738.43 13.79 12.40 0.57 23.47 2.51 2.44
WRS006 Abandoned
---------------------------------------------------------------------
---------------------------------------------------------------------
Bur Target
---------------------------------------------------------------------
BZS001 Main 370.39 373.70 3.31 2.72 0.09 6.35 0.91 3.09
BZS002 Main 420.95 421.15 0.20 0.23 0.03 2.40 0.20 3.38
BZS003 Main 354.90 356.10 1.20 1.08 0.08 6.90 0.67 7.21
BZS004 Main 501.20 502.56 1.36 1.03 0.10 29.00 3.06 8.55
BZS005 Main 378.45 380.50 2.05 1.99 0.16 9.98 1.29 4.49
BZS006 Main 630.65 631.12 0.47 0.28 0.07 4.80 0.20 10.39
BZS007 Main 304.23 305.00 0.77 0.72 0.07 9.60 0.28 4.00
---------------------------------------------------------------------
---------------------------------------------------------------------
(4) Intersection assays pages 4 through 7 are either a single assay
of a sample of the entire intersection length or a composite of
assays calculated from interval weighted assays over the
intersection length.
(5) Intersection length
(6) Horiz. equals Horizontal Attachment



2005 Drill Hole Intersection Assay Results
Structural Targets

---------------------------------------------------------------------
---------------------------------------------------------------------
Horiz.
Core(5) (6)
From To Length Width Au Ag Cu Zn
Hole Zone meters meters meters meters g/t g/t % %
---------------------------------------------------------------------
---------------------------------------------------------------------
Anderson Mine Area
---------------------------------------------------------------------
AS0501 Ander-
son 2 205.08 210.74 5.66 --- 0.61 5.35 1.41 0.03
AS0502 Ander-
son 2 219.44 220.33 0.89 --- 4.94 0.00 0.00 0.00
452.44 453.00 0.56 --- 3.39 0.00 0.15 0.13
669.69 670.33 0.64 --- 0.10 1.03 0.32 0.04
739.82 740.23 0.41 --- 0.07 0.00 0.00 0.53
AS0503 Ander-
son 2 232.91 233.11 0.20 --- 0.14 1.71 0.21 0.28
AS0504 Ander-
son 2 223.21 227.35 4.14 --- 0.39 6.43 1.01 0.32
227.97 229.52 1.55 --- 0.09 0.00 0.06 0.77
---------------------------------------------------------------------
---------------------------------------------------------------------
Chisel Mine Area
---------------------------------------------------------------------
CH0501 Chisel
Basin 543.40 545.79 2.39 --- 3.87 0.43 0.04 0.01
inclu-
ding 543.79 544.78 0.99 --- 7.71 1.03 0.05 0.00
CH0502 Chisel
Basin 485.35 485.84 0.49 --- 4.49 41.49 0.16 0.02
490.82 491.62 0.80 --- 0.93 8.23 0.49 0.02
562.60 562.88 0.28 --- 3.05 56.57 2.55 0.71
606.51 606.82 0.31 --- 0.51 9.60 0.58 0.08
679.81 680.33 0.52 --- 1.51 1.71 0.05 0.00
CH0503 Chisel
Basin 110.05 110.55 0.50 --- 1.61 3.43 0.26 0.00
CH0504 Chisel
Basin 696.63 697.22 0.59 --- 2.43 11.66 1.97 0.04
706.50 707.53 1.03 --- 0.80 4.24 0.53 0.19
735.18 735.92 0.74 --- 0.75 4.11 0.61 0.00
737.79 738.23 0.44 --- 0.58 2.06 0.36 0.00
742.24 742.80 0.56 --- 0.38 3.77 0.35 0.04
824.10 824.61 0.51 --- 0.27 5.83 0.54 0.33
865.00 865.51 0.51 --- 49.06 33.26 0.23 0.21
CH0505 Chisel
Basin 239.00 239.63 0.63 --- 0.00 4.11 0.00 0.03
245.46 246.00 0.54 --- 0.03 0.00 0.06 0.00
466.24 467.61 1.37 --- 0.07 1.37 0.23 0.03
484.25 488.90 4.65 --- 0.15 1.53 0.18 0.02
552.79 553.08 0.29 --- 2.71 14.74 0.93 5.22
556.75 557.11 0.36 --- 0.89 6.86 0.32 0.07
575.90 577.31 1.41 --- 1.39 0.74 0.04 0.05
610.66 611.54 0.88 --- 0.38 5.14 0.22 0.06
620.00 620.51 0.51 --- 0.38 4.46 0.23 0.09
CH0506 Chisel
Basin No notable assays
CH0507 Chisel
Basin 344.94 345.22 0.28 --- 0.34 46.29 0.02 7.80
CH0508 Abandoned
CH0509 Abandoned
CH0510 Abandoned
CH0511 Chisel
Basin 708.60 709.95 1.35 --- 0.18 0.71 0.36 0.00
740.15 740.62 0.47 --- 0.14 1.03 0.64 0.00
CH0512 Chisel
Basin No notable assays
CH0513 Chisel
Basin 297.00 297.50 0.50 --- 0.14 12.34 0.05 3.84
299.14 303.45 4.31 --- 0.44 10.91 0.26 5.68
inclu-
ding 301.52 302.76 1.24 --- 0.49 9.19 0.27 16.78
CH961DPN 746.41 746.93 0.52 --- 0.34 2.40 0.09 0.58
866.92 867.29 0.37 --- 0.34 2.40 0.30 0.05
873.66 873.86 0.20 --- 6.00 26.40 1.13 0.16
CH9712DPN Chisel
Basin 687.49 688.65 1.16 --- 1.37 4.80 0.24 0.02
736.60 737.00 0.40 --- 0.38 3.09 0.26 0.08
---------------------------------------------------------------------
---------------------------------------------------------------------
Birch Lake Mine Area
---------------------------------------------------------------------
B89W1DPN Anomaly No notable assays
B090 Anomaly 824.70 826.17 1.47 0.60 0.62 1.27 2.40 0.01
829.90 830.47 0.78 0.35 1.17 4.11 4.17 0.02
---------------------------------------------------------------------
---------------------------------------------------------------------
Flin Flon Mine Area
---------------------------------------------------------------------
FFS033 Strati-
graphy 77.15 77.36 0.21 0.19 0.10 6.51 0.44 0.05
295.47 295.82 0.35 0.30 1.10 0.00 0.02 0.00
489.20 489.45 0.25 0.16 1.23 0.00 0.00 0.00
505.84 506.06 0.22 0.14 0.75 2.06 0.00 1.43
519.20 520.00 0.80 0.60 5.10 6.38 0.14 0.33
521.00 521.33 0.33 0.28 0.07 0.00 0.02 0.52
FFS034 Strati-
graphy 18.52 19.45 0.93 0.70 1.75 8.23 0.24 0.13
203.10 203.80 0.70 0.45 0.89 5.83 0.41 0.02
441.60 441.80 0.20 0.15 0.14 6.86 0.37 0.04
466.76 467.00 0.24 0.18 3.36 7.89 0.80 0.03
633.50 633.56 0.06 0.05 16.49 2.40 0.16 1.04
693.00 693.10 0.10 0.07 0.07 1.37 0.27 0.00
722.28 722.38 0.10 0.07 1.17 7.20 1.03 0.03
FFS035 Strati-
graphy 282.00 282.92 0.90 0.35 4.15 1.43 0.90 0.00
284.52 284.87 0.35 0.25 3.09 15.43 1.02 0.02
286.20 286.70 0.50 0.20 0.58 5.14 0.28 0.00
287.00 287.21 0.21 0.40 0.79 16.11 1.09 0.03
327.63 327.95 0.32 0.31 2.88 5.83 0.45 0.02
409.48 409.67 0.19 0.14 2.37 5.14 0.22 0.87
561.40 561.60 0.20 0.11 1.20 0.00 0.02 0.02
645.00 645.20 0.20 0.10 0.07 0.69 0.28 0.00
649.06 649.52 0.46 0.27 1.30 0.00 0.04 0.00
FFS036 Strati-
graphy No notable assays
FFS037 Strati-
graphy 531.66 532.40 0.74 0.70 1.30 0.00 0.00 0.00
683.19 684.40 1.21 1.25 8.31 0.46 0.00 0.00
FFS038 Strati-
graphy 25.55 25.90 0.35 0.44 8.57 23.31 1.95 0.02
530.24 530.38 0.14 0.14 0.10 8.57 0.56 0.02
648.75 649.33 0.58 0.52 0.04 5.26 0.41 0.06
657.57 658.20 0.63 0.50 0.07 11.31 0.58 0.04
660.32 660.55 0.23 0.22 0.17 12.00 0.56 0.04
661.29 661.63 0.34 0.32 0.24 13.03 0.59 0.05
665.00 665.12 0.12 0.10 0.41 4.80 0.34 0.16
713.45 713.70 0.25 0.23 0.07 0.00 0.00 0.91
FFM004 Strati-
graphy No notable assays
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(5) Intersection length
(6) Horiz. equals Horizontal



2005 Drill Hole Intersection Assay Results
Geophysical Targets

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Core(5) Horiz.(6)
From To Length Width Au Ag Cu Zn
Hole Zone meters meters meters meters g/t g/t % %
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Har Area
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HAR106 Anomaly No notable assays
HAR107 Anomaly No notable assays
HAR108 Anomaly No notable assays
HAR109 Anomaly No notable assays
HAR110 Anomaly No notable assays
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Kus/Freebeth Area
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KUS303 Anomaly No notable assays
FB151 Anomaly 74.00 75.00 1.00 0.25 0.27 4.11 0.41 0.20
Anomaly 84.00 84.30 0.30 0.30 0.03 2.40 0.44 0.02
FB152 Anomaly 256.00 257.00 1.00 0.90 0.03 0.69 0.00 0.21
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Flin Flon Area
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NER198 Anomaly 452.55 453.00 0.45 0.36 0.00 0.69 0.28 0.02
667.57 667.70 0.13 0.15 0.14 0.00 0.22 0.00
671.00 672.24 1.24 1.30 0.00 0.69 0.23 0.00
NER199 Anomaly 101.80 102.45 0.65 0.30 0.62 1.71 0.13 0.23
112.60 113.10 0.50 0.25 0.00 1.03 0.51 0.00
NER200 Anomaly 287.00 290.65 3.65 1.70 1.37 1.16 0.03 1.17
including 290.49 290.65 0.16 0.75 1.54 0.69 0.02 4.54
294.20 300.00 5.80 2.50 0.22 0.86 0.41 0.15
including 294.93 295.22 0.29 0.14 2.74 10.29 5.10 0.77
301.12 304.16 3.04 1.50 0.31 2.44 0.74 0.01
including 301.12 301.26 0.14 0.07 0.65 8.57 2.54 0.02
302.43 303.12 0.69 0.30 0.86 6.51 1.65 0.04
NER201 Anomaly No notable assays
NER202 Anomaly No notable assays
NER203 Anomaly 265.00 266.00 1.00 0.70 0.03 0.69 0.20 0.00
268.00 269.00 1.00 0.70 0.03 0.69 0.20 0.11
286.00 288.00 2.00 1.50 0.07 0.34 0.38 0.06
STACK001 Anomaly 178.21 179.11 0.90 1.00 0.12 1.03 0.08 0.23
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(5) Intersection length
(6) Horiz. equals Horizontal


To view additional Exploration Data click on the following link;

http://file.ccnmatthews.com/release/data.pdf

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