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HUDSON RIVER MINERALS LTD V.HRM

"Hudson River Minerals Ltd is currently seeking other business opportunities."


TSXV:HRM - Post by User

Post by box532on Jun 26, 2012 11:10am
203 Views
Post# 20054930

Hudson River Intersects 7.07 g/t Au over 5.5 m at

Hudson River Intersects 7.07 g/t Au over 5.5 m at

Hudson River Minerals Ltd.

TSX VENTURE : HRM

June 26, 2012 08:30 ET

Hudson River Intersects 7.07 g/t Au over 5.5 m at Forge Lake

TORONTO, ONTARIO--(Marketwire - June 26, 2012) - Forge Lake Assays Released

Hudson River Minerals Ltd. ("Hudson River" or the "Company") (TSX VENTURE:HRM) is pleased to announce the results of its recent eleven-hole drill program at Forge Lake. Complete composites are listed in Table One. Highlights include:

  • 7.07 g/t Au over 5.5 m in HR-FL-20
  • 3.96 g/t Au over 2.0 m in HR-FL-19
  • 8.46 g/t Au over 1.0 m in HR-FL-22
  • 3.06 g/t Au over 1.8 m in HR-FL-24
HOLEID EAST NORTH DIP AZM EOH FROM TO INT AU
(m) (m) (deg) (deg) (m) (m) (m) (m) (g/t)
HR-FL-17 689,868 5,339,037 -85 180 149 129.6 130.2 0.6 0.03
HR-FL-18 689,820 5,339,020 -85 180 119 48.3 48.8 0.5 0.34
HR-FL-19 689,979 5,338,996 -85 180 69 23.0 25.0 2.0 3.96
HR-FL-20 689,870 5,338,995 -85 180 119 26.8 27.8 1.0 5.36
and 38.5 44.0 5.5 7.07
HR-FL-21 689,820 5,338,995 -85 180 122 34.5 35.5 1.0 2.09
HR-FL-22 689,845 5,338,995 -85 180 119 56.0 57.0 1.0 8.46
HR-FL-23 689,700 5,339,075 -85 180 119 90.7 92.8 2.1 7.43
and 95.0 98.7 3.7 1.72
HR-FL-24 689,800 5,339,075 -85 180 119 100.3 102.1 1.8 3.06
HR-FL-25 689,952 5,338,995 -85 180 71 45.7 46.2 0.5 0.17
HR-FL-26 689,954 5,339,046 -85 180 110 3.0 3.5 0.5 4.77
HR-FL-27 689,870 5,338,995 -45 180 170 16.0 17.0 1.0 0.42
total (m) 1196
Table One. Drill-hole positions and composite results for Forge Lake drill program.

Alan Aubut P.Geo. (ON) is a Qualified Person in accordance with Canadian regulatory requirements as defined in NI 43-101 and has reviewed the preliminary drill logs from this current exploration program and has also reviewed and approved the technical content of this press release.

All assays were by fire assay with Atomic Absorption (AA) finish and were completed by ALS Canada. The lab also completed a thorough quality control program including analyzing duplicates, blanks and standards. All checks were within acceptable limits. The intersected widths are not true widths, which would be approximately 75% to 85% of the intersected widths based on the estimated dip of the mineralization of -30°to -45°below the horizontal.

Sale of Glenrock Property

The Company announces that it has signed an agreement to sell its 100% owned Glenrock Property to Superior Copper Corporation ("Superior Copper") (TSX VENTURE:SPC) for 2.1 million common shares of SPC. The sale is subject to TSX Venture approval.

Commenting on the recent developments at Hudson River, President and CEO Steve Balch commented "we continue to intersect good gold mineralization within the Forge Lake Deformation Zone. Some of the good gold assays are associated with low sulphide, low quartz intersections. As a result we will initiate a more detailed sampling program on the drillcore from our previous drilling with the hope of extending some of the known intersections. This summer we will integrate the results from our two drill programs with the historic drill results in an attempt to better define the main gold trends in anticipation of a fall drill program at Forge Lake. In the field this summer we will focus on the Hawk Junction and Otter Pond Properties. We are happy to sell our Glenrock Property to Superior Copper because of their interest in consolidating properties in the area and their good relationship with Batchewana First Nations, both of which are positive signs for advancing the property."

About Hudson River Minerals Ltd.

Hudson River is focused on the discovery of precious metals and base metals in Ontario. The management team identifies underexplored areas that have historical intersections of economic minerals and has experience exploring in areas with little geologic outcrop and that rely heavily on geophysical technologies for discovery. For more details on Hudson River's properties visit our web-site at www.hudsonriverminerals.com.

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