By Arizona Daily Star
Hudbay Minerals Inc. announced a “significant” new finding of copper mineralization next to its Rosemont Mine site. “It may prove to be a viable open-pit operation” with multiple pits on the west slope of the Santa Rita Mountains facing Green Valley and Sahuarita, the company said.
The copper found at the new site “on our private land,” in a region called Copper World, is of a higher grade and shallower depth than at Rosemont, the company said this week in a news release.
“Copper World has the potential to host at least four economic deposits with a relatively low strip ratio and may prove to be a viable open-pit operation that is either separate from or additive to our Rosemont project,” Cashel Meagher, Hudbay’s senior vice president and chief operating officer, said in the written statement.
