Creating new track from clip of original track

I want to select a 1 minute segment from a long recording and save that 1 minute segment as a new track without altering the original recording. How do I do this?

Select the segment
Do Edit > Copy
Do Tracks > Add New > Stereo Track (or Mono Track, if appropriate)
Do Edit > Paste

If you want the segment in a new project, do File > New, just after Copying the segment.

– Bill

Thank you so much!