09:54 AM EST - Halo Resources Ltd. : announced that Hudson Bay Mining and Smelting Co., Limited, an affiliate of HudBay Minerals Inc. (TSX:HBM; NYSE:HBM), has advised that it has completed the previously announced 1,400 meter drill program at the Lost deposit to collect representative samples for metallurgical test work. Assays for three holes have been reported, including one intersection of 7.3 meters that averages 3.27% copper and 8.6% zinc with precious metal credits. An option agreement announced December 21, 2009 allows HudBay to earn up to a 67.5% joint venture interest in a 1.1 square kilometer area of the 200 square kilometer Sherridon VMS Property in Manitoba which hosts the Cold and Lost mineralization. Halo Resources Ltd.
shares V.HLO are trading even at $0.50.
