In 2008 Hudson River staked two properties at McFaulds Lake in the James Bay Lowlands of Northern Ontario. The two grids combine to cover an area over 24,000 Ha. In 2010 an AeroTEM helicopter-borne time domain electromagnetic and magnetic (HTEM) survey was flown over both properties. Several EM and magnetic targets were identified on the South Grid and a single conductive target on the North Grid.

In the spring of 2010 Hudson River conducted a follow-up VTEM (also HTEM) survey to better define the AeroTEM targets. The original AeroTEM survey was flown using north-south lines spaced 100 m apart and the follow-up VTEM survey was flown at 50 m using flight lines oriented east-west.

During the summer of 2010 Hudson River drilled three holes to test the most conductive EM responses. Massive sulphide was intersected in two of three holes containing anomalous zinc, copper and gold. Disseminated and net-textured sulphide was intersected in the third hole, also containing anomalous zinc and copper.

In 2011 Hudson River acquired a series of mineral claims at McFaulds Lake from Temex Resources Limited (Temex) totaling 7,243 Ha. All properties were previously flown with the VTEM system. One property located on the north side of the “Ring of Fire” contains a series of conductive and magnetic responses. Temex drilled one hole on the westernmost target and intersected 2.5% Zn over 0.5 m. This intersection is located within a trend that includes an intersection of 6.57% Zn over 102 m by White Pine Resources (WPR). In addition, two discrete EM responses located to the north of the WPR discovery have yet to be drill-tested and are considered high-priority targets for economic metal concentrations.

The Temex acquisition transferred a 100% undivided interest to Hudson River in return for 1.5 million HRM common shares.

Hudson River plans to drill-test at least one of the EM targets located north of the WPR discovery during 2011.

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Magnetics- North Claim

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Magnetic- South Claim

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Aerotem- North Claim

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Aerotem- South Claim

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Mcfaulds Lake Location

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Mcfaulds Lake Airborne Targets