Halo Reports HudBay Drill Results at Lost Deposit 2.3% Copper and 7.5% Zinc Over 6.8 Meters

Halo(TSXV:HLO)has announced that HudBay(TSX:HBM,NYSE:HBM), has completed drill results at the Lost deposit.

The press release is quoted as saying:

Halo resources is pleased to announce that Hudson Bay Mining and Smelting Co., Limited, an affiliate of HudBay Minerals Inc. , has advised that it has completed the previously announced drill program at the Lost copper-zinc deposit. Assays for an additional 10 holes have been reported, including one intersection of 6.8 meters that averages 2.29% copper and 7.5% zinc with precious metal credits (see table below). All holes were shallow with a maximum depth of 154 meters.

Lynda Bloom, President and CEO of the company, said:

“The HudBay drill program confirms the presence of a thick, high grade plunging feature that now shows remarkable continuity over a strike length of more than 300 meters. Of particular significance is the fact that this zone is flat-lying, extends from near surface in the south to approximately 85 meters below surface in the north and is amenable to exploitation by low cost mining methods. Halo is optimistic that Lost deposit has the potential to provide mill feed to HudBay’s facilities in Flin Flon. The deposit remains open to the north and will be tested this winter by further drilling in an area between the Cold and Lost deposits, (see Figure 1), where surface chip samples assayed up to 5% zinc and 0.4% copper”.

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