AnnouncementHUDSON RESOURCES INC. (the "Company") (TSX VENTURE:HUD)(OTCQX:HUDRF) is pleased to announce the 2011 Phase One drill results for the Sarfartoq rare earth element project in Greenland. Phase One drilling of the 2011 program included 4,891m of infill and step out drilling at the ST1 Zone where the Company has outlined a 43-101 compliant inferred resource of 14.1Mt of 1.5% TREO. An additional 3,328m of exploratory drilling was also completed regionally to the north-east of ST1. Complete drill results are presented in Table 3 below. An ST1 drill location map and two cross-sections are presented in Charts 1, 2 and 3.
Phase Two drilling of an additional 8,338m is now complete with results pending. In total 16,557m over 71 holes were drilled this year. All 2011 Phase Two holes have been split and bagged for shipment to ALS Chemex in Vancouver for assaying. The Company has also extracted a four tonne metallurgical bulk sample from the surface of the ST1 Zone for use in additional metallurgical test work over the winter.
2011 Highlights:
- Drilling continues to confirm high grade zones at the ST1 body including 10 intercepts of 10 meters or more grading from 2.5% to 4.3% TREO (averaging 3.3% TREO over 13m)
- 2011 Phase One assays have extended the ST1 body by at least 200m to the North East
- Wide zones of mineralization include 128m of 1.7% and 142m of 1.4% TREO
- Drilling at ST40 continues to intersect a very high ratio of neodymium oxide to TREO at 46%
- Preliminary Economic Assessment (PEA) on track for completion in 4-6 weeks
- Metallurgical test programs ongoing at two facilities