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Stock impact report

This Junior Miner Just Locked Up a Gold-Silver Property Near a Major Deposit [Globe and Mail, The (Toronto, Canada)]

Hudbay Minerals Inc. Ordinary Shares (Canada) (HBM) 
Last hudbay minerals inc. ordinary shares (canada) earnings: 2/20 05:35 pm Check Earnings Report
Junior miners are increasingly looking to stake positions near established deposits, betting that geological similarities and proven regional mineralization can improve the odds of discovery while reducing exploration risk. Shares of Pacific Imperial Mines Inc. ( TSX-V: PPM ) are in focus Tuesday after the company announced an option agreement with Hudbay Minerals Inc. ( NYSE: HBM TSX: HBM ) to acquire a 100% interest in the Fenton property in British Columbia. The roughly 1,700-hectare property sits 30 kilometers south of Houston, BC, with road access via an established network of logging roads. The Fenton property hosts an epithermal precious metal system within felsic volcanic rocks of the Kasalka Formation. According to Pacific Imperial, the age, mineralization, and alteration characteristics of the property are similar to those of Artemis Gold's Blackwater deposit, which lies to the southeast along a regional trend hosting a majority of the gold-silver prospects and deposits Show less Read more
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