Hudson Continues to Intercept Wide High Grade Rare Earth Zones-Drill Hole SAR10-36 Hits 108m of 2.0%, Including 24m of 3.5% TREO
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 11/04/10 -- HUDSON RESOURCES INC. ('Hudson' or 'the Company') (TSX VENTURE: HUD)(OTCQX: HUDRF) is pleased to provide drill results for the ST1 Zone from the Phase Two drilling program at the Sarfartoq Rare Earth Element (REE) Project in Western Greenland. These additional three holes continued to intersect wide zones of high-grade rare earth elements with high ratios of neodymium. A total of 19 holes totaling 4,700m have been drilled into the ST1 Zone. A complete list of ST1 results is available on Hudson's website at www.hudsonresources.ca.
Highlights from the ST1 Zone:
Drill hole SAR10-33: 41m of 1.6% and 48m of 1.8% TREO, including plus
2.5% intervals (see the table below)
Drill hole SAR10-34: 138m of 1.5%, including 12m of 2.8% TREO - The
entire 138m has one of the industry's highest
neodymium ratios to TREO at greater than 24%
Drill hole SAR10-36: 108m of 2.0%, including 24m of 3.5% TREO
In addition to the ST1 drilling program, the Company collected 17 channel samples and 26 outcrop/subcrop samples from the ST1 Zone. The channel samples, which covered 34m, average 1.72% total rare earth oxides (TREO). The other 26 outcrop/subcrop samples average 2.36% TREO. Four samples located 300m northeast of the main ST1 area average 5.5% TREO. These assays collected from surface samples of the ST1 Zone and the assays of the additional five holes drilled into ST1 will significantly contribute to building the 43-101 resource model, which is expected to be completed before year end.
James Tuer, Hudson's President, stated, 'We are very pleased with these results as they continue to demonstrate the continuity and grade of the ST1 Zone and will be important additions to our first 43-101 resource model which is expected to be completed by the end of the year. The ST1 Zone continues to demonstrate that it contains significant REEs and elevated neodymium levels between 20-30%, which are some of the highest ratios in the industry. This is an important benefit of our project as neodymium is the key driver in the rare earth industry. We are also looking forward to receiving the remaining assays from the Phase Two drill program, which cover several high priority targets at the ST19 and ST24 zones. These results are expected to be released within the next 10 days.'
Inter-
Drill Hole Set-up Length From To section TREO Nd2O3:TREO
(m) (m) (m) (m) (1) Ratio (%)
--------------------------------------------------------------------------
SAR10-32 1E, 232.0 38.0 126.0 88.0 0.18% 20.6%
(2) AZ90,-45
--------------------------------------------------------------------------
SAR10-33 1E, 310.0 107.0 148.0 41.0 1.59% 17.3%
AZ90,-60 incl. 114.0 120.0 6.0 2.75% 17.0%
252.0 300.0 48.0 1.82% 20.6%
incl. 266.0 284.0 18.0 2.42% 22.8%
--------------------------------------------------------------------------
SAR10-34 1B, 303.0 42.0 180.0 138.0 1.47% 24.16%
AZ90,-45 incl. 60.0 72.0 12.0 1.81% 24.48%
incl. 78.0 108.0 30.0 2.14% 26.38%
incl. 90.0 102.0 12.0 2.82% 25.64%
incl. 126.0 146.0 20.0 1.74% 20.86%
--------------------------------------------------------------------------
SAR10-35 1B, 170.0 132.0 170.0 38.0 0.77% 21.1%
(3) AZ90,-60 incl. 164.0 168.0 4.0 1.84% 19.2%
--------------------------------------------------------------------------
SAR10-36 1B, 307.0 63.0 232.0 169.0 1.56% 22.1%
AZ90,-55 incl. 124.0 232.0 108.0 2.01% 19.9%
incl. 164.0 177.0 13.0 2.43% 19.7%
incl. 206.0 230.0 24.0 3.49% 15.9%
Note 1. All elements reported by ALS Chemex in parts per million (ppm).
Total Rare Earth Oxides (TREO) refers to the elements lanthanum
through lutetium plus yttrium expressed as oxides in the form
REE2O3.
Note 2. SAR10-32 is believed to have drilled above the major carbonatite
zone. The Steeper SAR10-33 hole encountered significant
mineralization below.
Note 3. SAR10-35 was stopped at 170.8 meters where a fault was encountered
and the drill was unable to advance. The hole is interpreted as
stopping just prior to making contact with the major ST1
carbonatite mineralized zone.
The Company is currently undertaking additional mineralogical work on the 2010 drill results in order to select material for metallurgical testwork slated to commence next month. Mineralogical work conducted by Dr. Peter Le Couteur suggests that the rare earths in the ST1 Zone are present in carbonatite as the REE-fluorocarbonate minerals bastnasite-(Ce), synchysite-(Ce), synchysite-(Nd) and minor monazite-(Ce). Bastnasite is the principal ore mineral at the Mountain Pass REE Mine in California.
Drill core is logged and sampled in the field and split core is shipped to Vancouver for processing at ALS Chemex. A strict QA/QC program is followed, which includes the use of elemental standards, duplicates and blanks. In cases where the entire hole has not been sampled, only significant drill intersections of carbonate mineralization were sampled. Core was split in the field with half of the core being sent to ALS Chemex and the remaining half left on-site for future reference. All samples are analyzed using lithium borate fusion, acid dissolution and ICP-MS analysis (ALS method ME-MS81h). According to ALS Chemex, this procedure solubilizes most minerals, including refractory species, and provides the most quantitative analysis for many elements, including the rare earth elements.
The Sarfartoq REE project is located within 20 km of tidewater and only 60 km from Greenland's international airport. The project is owned 100% by Hudson. The Company is well financed with current working capital of approximately $3.5 million and sufficient funds to cover all exploration and G&A obligations into 2011.
Dr. Michael Druecker is a qualified person as defined by National Instrument 43-101 and reviewed the preparation of the scientific and technical information in this press release in respect of the Sarfartoq REE Project.
ON BEHALF OF THE BOARD OF DIRECTORS
James Tuer, President
This news release contains forward-looking statements regarding ongoing and upcoming exploration work and expected geology, geological formations and structures. Actual results may differ materially from those anticipated in these statements.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Contacts:
Hudson Resources Inc.
James Tuer
President
604-628-5002 or 604-688-3415
604-688-3452 (FAX)
tuer@hudsonresources.ca
www.hudsonresources.ca