HudBay Minerals Inc.
TSX : HBM

HudBay Minerals Inc.

March 02, 2007 20:57 ET

HudBay Second Half 2006 Exploration Update

WINNIPEG, MANITOBA--(CCNMatthews - March 2, 2007) - HudBay Minerals Inc. (TSX:HBM) (HudBay) announces results from its second half 2006 exploration in northern Manitoba and Saskatchewan. Illustrations and previously released data are available at www.hudbayminerals.com.

During the second half of 2006, approximately 23,738 meters of diamond drilling in 39 surface drill holes was completed, with a focus on mineral deposit targets and structural targets. HudBay's subsidiary, Hudson Bay Exploration and Development Company Limited (HBED) managed the exploration in the Flin Flon Greenstone Belt and the majority of the exploration was funded by flow-through financing.

"Drill results continued to be encouraging at the Bur deposit and at the Talbot Lake deposit where one intersection was 12.44% copper over 9.65 meters," said Peter Jones, President & CEO. "For 2007 we have increased our total exploration program expenditure plans to $37 million, making it one of the largest in Canada."

Exploration results reported in this release exclude results from exploration within HudBay operating mines and exploration at locations other than northern Manitoba and Saskatchewan. HudBay recently announced that its January 1, 2007 aggregate estimated mineral reserves and mineral resources increased compared to those at January 1, 2006, after taking into account 2006 ore production.

Mineral Deposit Targets

Bur Deposit

The Bur deposit is 22 kilometres from the Snow Lake concentrator. Drilling at the Bur deposit in the second half of 2006 improved the definition of mineralization. As a result of earlier drilling, HudBay announced in December 2006 plans to invest approximately $8.5 million at the Bur deposit for additional in-fill diamond drilling, underground excavations to extract a 10,000 tonne ore sample, obtaining production permits as well as completion of a feasibility study. During the second half of 2006, 1,150 meters of drilling were completed. Notable intersections included:



- 3.25% Cu, 17.65% Zn over 1.21 meters in drill hole BZS015;
- 5.34% Cu, 4.99% Zn over 1.47 meters in drill hole BZS022;


Drilling will continue in 2007 as part of the $8.5 million planned investment.

Talbot Lake Deposit

The Talbot Lake deposit is located 83 km from the Snow Lake concentrator.

In the second half of 2006, 7,084 meters were drilled in eleven holes. Ten of those holes intersected mineralization.

The last drill hole of the program - hole TLS020, made a very encouraging intersection which assayed 11.16 grams/tonne gold, 184.37 grams/tonne silver, 12.44% copper and 3.50% zinc over 9.65 meters.



Other main zone intersections were:

- 1.09% Cu, 6.32% Zn over 1.69 meters in drill hole TLS010;
- 4.24% Cu, 0.59% Zn over 3.15 meters in drill hole TLS011;
- 0.62% Cu, 1.03% Zn over 1.72 meters in drill hole TLS012:
- 2.15% Cu, 1.68% Zn over 1.29 meters in drill hole TLS013;
- 0.10% Cu, 8.13% Zn over 0.74 meters in drill hole TLS014;
- 0.94% Cu, 0.53% Zn over 1.66 meters in drill hole TLS015;
- 0.61% Cu, 0.08% Zn over 1.20 meters in drill hole TLS016;
- 0.47% Cu, 0.40% Zn over 9.70 meters in drill hole TLS017;
- 0.60% Cu, 2.63% Zn over 2.09 meters in drill hole TLS018;
- TLS019 was abandoned


HudBay will follow up exploration of the significant mineralization intersected in drill hole TLS020 at the earliest opportunity.

Structural Targets

Chisel Target

Drilling continued at the previously mined Chisel and Photo Lake properties, and on targets related to the operating Chisel North mine. 5388 meters were drilled in 10 parent drill holes and two wedge cuts.

Notable intersections included:



- 0.10% Cu, 3.34% Zn over 1.00 meter in drill hole CH0602;
- 0.13% Cu, 7.65% Zn over 0.69 meters in drill hole CH0602W1


Drill holes CH0603, CH0505, CH0606, CH0607, CH0608 and DUB166 tested Quantec Titan 24 deep penetrating geophysical anomalies identified in a survey completed in the first quarter of 2006. Although no notable assay intervals were intersected, CH0606 intersected 7.71 meters of massive pyrite from 531.71 to 539.42 meters coincident with a Titan 24 anomaly and also with the Chisel Mine horizon. Additional exploration is planned to test this mineralization in 2007.

Two drill holes, DUB165 and DUB167 tested targets below the now closed Photo Lake mine. There were no notable intersections in DUB165 however DUB167 intersected a wide interval of quartz-staurolite-biotite-chlorite gneiss with disseminated chalcopyrite (copper) stringer mineralization.

Flin Flon, Manitoba

2,130 meters were drilled in four holes testing the hanging wall stratigraphy and along the strike of the Flin Flon - 777 mine. There were no notable intersections.

Flin Flon, Saskatchewan

4,774 meters were drilled in five holes that tested a structurally repeated fault block of the Flin Flon mine stratigraphy located deep in the footwall of the Flin Flon mine, previously intersected by holes completed in 2005. There were no notable mineral intersections.

Geophysical Targets

738 meters were drilled in three holes east and south of Snow Lake to test geophysical anomalies. There were no notable intersections.



2007 Expenditure Plans(i)
-------------------------

----------------------------------------------------------------------
Flin Flon Greenstone Belt

($ millions)
Electromagnetic anomalies 8.5
Known deposits 4.5
Operating mines 4.0
Geophysics 3.0
Structural targets 3.0
Administration/miscellaneous 3.0
26.0

Other Locations

Balmat District 4.0
Unallocated 7.0
11.0
-------
Total planned 2007 expenditure $37.0 million

----------------------------------------------------------------------

(i)All expenditures are preliminary estimates and actual expenditures may
vary depending on several factors


HudBay's exploration properties include approximately 380,000 hectares in the prolific Flin Flon Greenstone Belt of Manitoba and Saskatchewan and approximately 20,000 hectares in the Balmat district of New York state. In addition, HudBay owns the Tom zinc/lead mineral deposit in the Yukon and holds an option to purchase the adjacent Jason zinc/lead mineral property. Additional exploration assets include copper exploration properties in Chile and zinc exploration properties in Southwestern Ontario.

2006 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 Hudson Bay Mining and Smelting Co., Limited's 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, horizontal or vertical 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 news release have been reviewed by Kelly Gilmore, B.Sc. P. Geo., Chief Exploration Geologist with HBED, who is a Qualified Person, within the meaning of National Instrument 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 second half 2006 drill results. Graphics together with prior periods and additional drill results may be found at the HudBay web site, www.hudbayminerals.com.

About HudBay Minerals Inc.

HudBay Minerals Inc. is an integrated mining company that operates mines, concentrators and a metal production complex in northern Manitoba and Saskatchewan. The company also owns a zinc oxide production facility in Ontario, the White Pine Copper Refinery in Michigan and the Balmat zinc mine in New York state.

HudBay is a member of the S&P/TSX Composite Index.

Forward-Looking Information

This news release contains "forward-looking information", within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to HudBay's exploration plans and spending. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "seeks" "budget" or variations of such words or state that certain actions, events or results "may", "could", "will", "will aim" or "will be focused". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of HudBay to be materially different from those expressed or implied by such forward-looking information, including risks associated with the mining industry such as economic factors as they effect exploration, government regulation, environmental risks, success of exploration activities, future commodity prices, capital expenditures, conclusions of economic evaluations, risks related to acquisitions; changes in project parameters as plans continue to be refined; access to capital as well as those factors discussed in the section entitled "Risk Factors" in HudBay's Annual Information Form for the year ended December 31, 2005, available on www.sedar.com. Although HudBay has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. HudBay does not undertake to update any forward-looking information, except in accordance with applicable securities laws.




HudBay
Minerals Inc.
--------------------------------------------

Attachment to HudBay Minerals Inc.
Second Half 2006 Exploration Update

Second Half 2006 Drill Hole Locations
Mineral Deposit Targets

--------------------------------------------------------------------------
--------------------------------------------------------------------------
Grid(1) Grid(1) Grid(1) Hole Hole Hole
Hole East North Elev. Length Azimuth Dip
meters meters meters meters degrees degrees
--------------------------------------------------------------------------
--------------------------------------------------------------------------
Talbot Lake Deposit
--------------------------------------------------------------------------
--------------------------------------------------------------------------
TLS010 1060 700 0 749.0 285 -70
--------------------------------------------------------------------------
TLS011 1170 300 0 959.0 285 -75
--------------------------------------------------------------------------
TLS012 950 175 0 682.0 285 -70
--------------------------------------------------------------------------
TLS013 765 175 0 440.0 285 -75
--------------------------------------------------------------------------
TLS014 1095 100 0 884.0 285 -72
--------------------------------------------------------------------------
TLS015 840 300 0 557.0 285 -75
--------------------------------------------------------------------------
TLS016 985 350 0 665.0 285 -70
--------------------------------------------------------------------------
TLS017 750 385 0 386.0 285 -72
--------------------------------------------------------------------------
TLS018 1100 560 0 801.0 285 -70
--------------------------------------------------------------------------
TLS019(2) 1120 310 0 110.0 285 -72
--------------------------------------------------------------------------
TLS020 1122 310 0 851.0 285 -72
--------------------------------------------------------------------------
--------------------------------------------------------------------------
Bur Deposit
--------------------------------------------------------------------------
--------------------------------------------------------------------------
BZS015 -374 3292 0 281.0 130 -53
--------------------------------------------------------------------------
BZS016(3) -418 3475 0 298.0 130 -80
--------------------------------------------------------------------------
BZS022 -378 3353 0 341.0 130 -72
--------------------------------------------------------------------------
BZS023(4) -392 3231 0 230.0 130 -68
--------------------------------------------------------------------------
--------------------------------------------------------------------------
(1) The grids for each target area and geophysical anomaly holes are
independent and separately oriented.
(2) Hole abandoned.
(3) Final hole depth for BZS016 was 450m including 298m drilled in 2006.
(4) Final hole depth for BZS023 was 341m including 230m drilled in 2006.


Second Half 2006 Drill Hole Locations
Structural Targets

--------------------------------------------------------------------------
--------------------------------------------------------------------------
Grid(1) Grid(1) Grid(1) Hole Hole Hole
Hole East North Elev. Length Azimuth Dip
meters meters meters meters degrees degrees
--------------------------------------------------------------------------
--------------------------------------------------------------------------
Chisel and Photo Lake Targets
--------------------------------------------------------------------------
--------------------------------------------------------------------------
CH0602 48196 20991 1526 629 7 -82
--------------------------------------------------------------------------
CH0602W1(5) 48199 20923 1526 398 7 -82
--------------------------------------------------------------------------
CH0603 47562 21372 1537 1097 227 -63
--------------------------------------------------------------------------
CH0604 48274 20923 1527 188 17 -82
--------------------------------------------------------------------------
CH0604W1(6) 48274 20923 1527 182 17 -82
--------------------------------------------------------------------------
CH0605 49086 21140 1531 833 328 -70
--------------------------------------------------------------------------
CH0606 47196 20873 1529 764 37 -60
--------------------------------------------------------------------------
CH0607 49086 21140 1531 782 193 -78
--------------------------------------------------------------------------
CH0608 49012 21920 1532 515 267 -50
--------------------------------------------------------------------------
DUB165 46782 23657 1537 470 169 -60
--------------------------------------------------------------------------
DUB166 46850 23072 1528 1447 47 -85
--------------------------------------------------------------------------
DUB167 46706 23692 1536 557 166 -60
--------------------------------------------------------------------------
--------------------------------------------------------------------------
Flin Flon, Manitoba Targets
--------------------------------------------------------------------------
--------------------------------------------------------------------------
4Q80 50108 -17483 2563 435 278 -52
--------------------------------------------------------------------------
4Q81 50031 -17406 2562 374 277 -50
--------------------------------------------------------------------------
4Q82 50245 -17541 2564 575 263 -57
--------------------------------------------------------------------------
FFM005 50439 -17181 2560 746 325 -60
--------------------------------------------------------------------------
--------------------------------------------------------------------------
Flin Flon, Saskatchewan Targets
--------------------------------------------------------------------------
--------------------------------------------------------------------------
FFS039 49712 -18651 2548 1121 270 -55
--------------------------------------------------------------------------
FFS040 49309 -18121 2560 725 270 -55
--------------------------------------------------------------------------
FFS041 49592 -19186 2560 1256 270 -55
--------------------------------------------------------------------------
FFS042 49687 -17125 2560 863 270 -55
--------------------------------------------------------------------------
FFS043 49625 -16733 2560 809 270 -55
--------------------------------------------------------------------------
--------------------------------------------------------------------------
(1) The grids for each target area and geophysical anomaly holes are
independent and separately oriented.
(5) Length of the wedge portion - final hole depth was 647m, top of wedge
249m
(6) Length of the wedge portion - final hole depth was 272m, top of wedge
90m


Second Half 2006 Drill Hole Locations
Geophysical Targets

--------------------------------------------------------------------------
--------------------------------------------------------------------------
Grid(1) Grid(1) Grid(1) Hole Hole Hole
Hole East North Elev. Length Azimuth Dip
meters meters meters meters degrees degrees
--------------------------------------------------------------------------
--------------------------------------------------------------------------
Har Area - Snow Lake
--------------------------------------------------------------------------
--------------------------------------------------------------------------
HAR139(7) -1085 600 0 60 272 -65
--------------------------------------------------------------------------
HAR140 -250 600 0 383 272 -75
--------------------------------------------------------------------------
HAR141 -600 1200 0 295 272 -75
--------------------------------------------------------------------------
--------------------------------------------------------------------------
(1) The grids for each target area and geophysical anomaly holes are
independent and separately oriented.
(7) HAR139 was in progress in June at the (period) start final hole depth
was 350m.


Second Half 2006 Drill Hole Intersection Assay Results (8)
Mineral Deposit Targets

---------------------------------------------------------------------------
---------------------------------------------------------------------------
Hole Zone From To Core(9) Horiz.(10) Au Ag Cu Zn
meters meters Length Width g/t g/t % %
meters meters
---------------------------------------------------------------------------
---------------------------------------------------------------------------
Talbot Lake Target
---------------------------------------------------------------------------
---------------------------------------------------------------------------
TLS010 Main 626.36 642.53 16.17 13.04 1.87 15.83 0.56 1.26
---------------------------------------------------------------------------
TLS010 Incl.
Main 626.36 628.05 1.69 1.32 0.63 18.23 1.09 6.32
---------------------------------------------------------------------------
TLS010 688.31 690.00 1.69 1.53 0.07 1.20 0.30 0.00
---------------------------------------------------------------------------
TLS010 691.00 692.00 1.00 0.90 0.31 1.71 0.34 0.00
---------------------------------------------------------------------------
TLS010 694.00 695.38 1.38 1.25 0.17 1.71 0.40 0.00
---------------------------------------------------------------------------
TLS010 712.00 723.39 11.39 10.44 0.09 4.40 0.88 0.00
---------------------------------------------------------------------------
TLS010 Incl. 716.86 717.34 0.48 0.40 0.27 17.14 5.09 0.05
---------------------------------------------------------------------------
TLS010 Incl. 718.84 722.10 3.26 2.69 0.12 6.38 1.10 0.00
---------------------------------------------------------------------------
TLS011 556.60 556.83 0.23 0.19 0.07 0.00 0.00 1.01
---------------------------------------------------------------------------
TLS011 902.63 902.85 0.22 0.20 0.07 1.03 0.00 4.25
---------------------------------------------------------------------------
TLS011 Main 911.75 921.55 9.80 8.91 0.83 16.74 1.83 0.32
---------------------------------------------------------------------------
TLS011 Incl.
Main 918.40 921.55 3.15 2.86 2.07 36.42 4.24 0.59
---------------------------------------------------------------------------
TLS012 Main 564.46 578.00 13.54 11.86 5.65 61.38 0.35 0.26
---------------------------------------------------------------------------
TLS012 Incl. 567.09 567.21 0.12 0.09 0.27 15.09 1.90 6.12
---------------------------------------------------------------------------
TLS012 Incl. 570.00 571.57 1.57 1.24 16.58 123.95 0.33 0.02
---------------------------------------------------------------------------
TLS012 Incl.
Main 573.73 575.45 1.72 1.35 23.38 295.21 0.62 1.03
---------------------------------------------------------------------------
TLS012 650.46 651.00 0.54 0.48 0.27 3.77 0.87 0.00
---------------------------------------------------------------------------
TLS012 651.54 651.89 0.35 0.31 0.21 2.74 0.54 0.00
---------------------------------------------------------------------------
TLS013 Main 372.00 382.51 10.51 7.31 0.62 14.23 0.90 0.79
---------------------------------------------------------------------------
TLS013 Incl. 372.00 379.60 7.60 7.60 0.40 17.46 1.16 0.99
---------------------------------------------------------------------------
TLS013 Incl. 372.00 375.19 3.19 2.40 0.41 24.87 1.74 1.53
---------------------------------------------------------------------------
TLS013 Incl.
Main 378.31 379.60 1.29 0.97 0.95 36.53 2.15 1.68
---------------------------------------------------------------------------
TLS014 Main 849.16 849.90 0.74 0.67 0.45 21.94 0.10 8.13
---------------------------------------------------------------------------
TLS015 176.50 177.23 0.73 0.52 0.38 7.54 0.40 0.00
---------------------------------------------------------------------------
TLS015 183.50 185.07 1.57 1.13 0.05 9.65 0.52 0.06
---------------------------------------------------------------------------
TLS015 Main 479.76 492.00 12.24 9.55 0.17 2.27 0.32 0.09
---------------------------------------------------------------------------
TLS015 Incl.
Main 488.34 490.00 1.66 1.30 0.67 10.69 0.94 0.53
---------------------------------------------------------------------------
TLS016 330.73 331.73 1.00 0.84 0.07 11.31 0.43 0.00
---------------------------------------------------------------------------
TLS016 379.65 380.20 0.55 0.46 0.10 16.80 0.59 0.07
---------------------------------------------------------------------------
TLS016 Main 596.00 597.20 1.20 1.04 0.23 1.91 0.61 0.08
---------------------------------------------------------------------------
TLS017 Main 304.00 313.70 9.70 7.37 0.39 6.29 0.47 0.40
---------------------------------------------------------------------------
TLS017 Incl. 304.00 305.77 1.77 1.35 0.51 12.12 0.90 1.09
---------------------------------------------------------------------------
TLS018 Main 707.91 710.00 2.09 1.85 0.92 17.37 0.60 2.63
---------------------------------------------------------------------------
TLS019 Abandoned
---------------------------------------------------------------------------
TLS020 619.60 620.79 1.19 1.01 0.45 27.09 0.93 0.03
---------------------------------------------------------------------------
TLS020 Main 788.95 816.56 27.61 24.34 4.13 69.13 4.81 1.30
---------------------------------------------------------------------------
TLS020 Incl. 799.07 811.58 12.51 11.09 8.73 145.45 9.83 2.72
---------------------------------------------------------------------------
TLS020 Incl.
Main 801.93 811.58 9.65 7.70 11.16 184.37 12.44 3.50
---------------------------------------------------------------------------
---------------------------------------------------------------------------
Bur Target
---------------------------------------------------------------------------
---------------------------------------------------------------------------
BZS015 Main 232.45 233.66 1.21 1.30 0.09 20.74 3.29 17.65
---------------------------------------------------------------------------
BZS022 Main 292.22 293.69 1.47 1.40 0.09 40.79 5.34 4.99
---------------------------------------------------------------------------
---------------------------------------------------------------------------
(8) Intersection assays pages 9 through 11 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.
(9) Intersection length
(10) Horiz. equals Horizontal



Second Half 2006 Drill Hole Intersection Assay Results(1)
Structural Targets

---------------------------------------------------------------------------
---------------------------------------------------------------------------
Hole Zone From To Core(9) Horiz.(10) Au Ag Cu Zn
meters meters Length Width g/t g/t % %
meters meters
---------------------------------------------------------------------------
---------------------------------------------------------------------------
Chisel and Photo Lake Targets
---------------------------------------------------------------------------
---------------------------------------------------------------------------
CH0- Chisel
602 Horizon 564.00 565.00 1.00 1.05(11) 0.24 7.60 0.10 3.34
---------------------------------------------------------------------------
CH06- Chisel
02W1 Horizon 551.33 561.75 10.42 10.94(11) 0.13 5.52 0.08 1.53
---------------------------------------------------------------------------
CH06-
02W1 Incl. 551.33 551.55 0.21 0.22(11) 0.65 26.40 0.17 2.44
---------------------------------------------------------------------------
CH06-
02W1 Incl. 555.59 556.28 0.69 0.72(11) 0.10 5.83 0.13 7.65
---------------------------------------------------------------------------
CH06-
02W1 Incl. 561.21 561.75 0.54 0.57(11) 0.14 10.29 0.07 4.00
---------------------------------------------------------------------------
CH0603 1083.81 1084.14 0.33 0.35(11) 1.30 12.00 1.28 0.08
---------------------------------------------------------------------------
CH0604 No Significant Values
---------------------------------------------------------------------------
CH0604W1 No Significant Values
---------------------------------------------------------------------------
CH0605 No Significant Values
---------------------------------------------------------------------------
CH0606 No Significant Values
---------------------------------------------------------------------------
CH0607 365.59 365.90 0.31 0.33(11) 0.34 1.71 0.10 1.09
---------------------------------------------------------------------------
CH0608 No Significant Values
---------------------------------------------------------------------------
DUB165 351.02 351.48 0.46 0.51(11) 0.86 6.86 0.02 0.98
---------------------------------------------------------------------------
DUB165 351.90 352.40 0.50 0.55(11) 0.07 1.71 0.02 0.55
---------------------------------------------------------------------------
DUB165 387.65 388.08 0.43 0.47(11) 0.21 9.60 0.02 0.60
---------------------------------------------------------------------------
DUB166 No assays to date
---------------------------------------------------------------------------
DUB167 366.00 366.36 0.36 0.40(11) 0.55 17.14 0.00 1.09
---------------------------------------------------------------------------
DUB167 367.07 367.63 0.56 0.62(11) 0.21 3.77 0.03 1.34
---------------------------------------------------------------------------
DUB167 382.73 383.56 0.83 0.92(11) 0.14 0.00 0.05 0.52
---------------------------------------------------------------------------
DUB167 385.44 385.72 0.28 0.31(11) 0.17 0.69 0.07 0.93
---------------------------------------------------------------------------
DUB167 414.65 445.63 30.98 34.50(11) 0.38 3.01 0.48 0.04
---------------------------------------------------------------------------
DUB167 Incl. 421.84 422.35 0.51 0.57(11) 4.87 51.09 6.79 0.33
---------------------------------------------------------------------------
DUB167 Incl. 425.11 425.37 0.26 0.29(11) 2.54 25.37 2.78 0.44
---------------------------------------------------------------------------
DUB167 Incl. 443.82 444.11 0.29 0.32(11) 0.79 11.31 1.56 0.25
---------------------------------------------------------------------------
DUB167 Incl. 444.95 445.63 0.68 0.75(11) 0.62 13.03 2.03 0.18
---------------------------------------------------------------------------
---------------------------------------------------------------------------
Flin Flon, Manitoba Targets
---------------------------------------------------------------------------
---------------------------------------------------------------------------
4Q80 No Significant Values
---------------------------------------------------------------------------
4Q81 No Significant Values
---------------------------------------------------------------------------
4Q82 No Significant Values
---------------------------------------------------------------------------
FFM005 No Significant Values
---------------------------------------------------------------------------
---------------------------------------------------------------------------
Flin Flon, Saskatchewan Targets
---------------------------------------------------------------------------
---------------------------------------------------------------------------
FFS039 No Significant Values
---------------------------------------------------------------------------
FFS040 No Significant Values
---------------------------------------------------------------------------
FFS041 No Significant Values
---------------------------------------------------------------------------
FFS042 No Significant Values
---------------------------------------------------------------------------
---------------------------------------------------------------------------
(8) Intersection assays pages 9 through 11 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.
(9) Intersection length
(10) Horiz. equals Horizontal
(11) Vertical thickness, not horizontal width



Second Half 2006 Drill Hole Intersection Assay Results (8)
Geophysical Targets

---------------------------------------------------------------------------
---------------------------------------------------------------------------
Hole Zone From To Core(9) Horiz.(10) Au Ag Cu Zn
meters meters Length Width g/t g/t % %
meters meters
---------------------------------------------------------------------------
---------------------------------------------------------------------------
Har Area - Snow Lake
---------------------------------------------------------------------------
---------------------------------------------------------------------------
HAR-
139(6) Anomaly No Significant Values
---------------------------------------------------------------------------
HAR-
140 Anomaly No Significant Values
---------------------------------------------------------------------------
HAR-
141 Anomaly No Significant Values
---------------------------------------------------------------------------
---------------------------------------------------------------------------
(8) Intersection assays pages 9 through 11 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.
(9) Intersection length
(10) Horiz. equals Horizontal

Contact Information