From HBM news today after hours!! looks like they've got another new zone on the option property!! 7.18metres at 7.44% CU at 133metres!!!

HBM released news.

Reed Copper Project

Pursuant to a joint venture with VMSVentures Inc, ("VMS"), HudBay has a 70% interest in the Reed copperproject, which is a high-grade near surface copper deposit that could beaccessed via a ramp with the ore trucked to HudBay's Flin Flonconcentrator.

A feasibility study and the technical activitiesrequired for permitting, including metallurgical and geotechnicaltesting and mine design, are underway with the expectation of aconstruction decision by year-end.

Two surface drill rigs arecurrently operating near the Reed project. These drills are testinggeophysical targets on properties optioned from VMS to HudBay. A recenthole, RLE004, intersected two short sections of copper mineralizationhosted in both basalt and rhyolite volcanic units and associated with aVTEM conductivity and magnetic anomaly. A down-hole EM survey conductedon hole RLE004 indicated two zones of stronger conductivity away fromthe hole. Hole RLE006 tested these anomalies and intersected thefollowing zones of mineralization:

-- 7.18 meters (133.89 to141.07 meters) of 7.44% Cu, 0.23% Zn, 0.48 g/t Au and 7.57 g/t Ag --44.49 meters (214.00 to 258.49 meters) intersected of 0.79% Cu, 0.39%Zn, 0.16 g/t Au and 1.58 g/t Ag

Holes RLE004 and RLE006 arelocated approximately 1.8 kilometers northeast of the Reed project andrepresent a separate mineralized zone. One drill will continue to testthis new zone once helicopter support is established. The second drillwill continue to test other targets on the option properties.