Hudson River Minerals Ltd. (“Hudson River”) is pleased to announce the assay results from its recent drilling program southwest of McFaulds Lake. All three drillholes encountered anomalous copper (Cu) and zinc (Zn) mineralization with two holes returning anomalous gold (Au).
The first drillhole HR-ML-01 was centred on the Bentley Prospect and returned assay values up to 2,440 ppm Cu, 604 ppm Zn and 0.27 g/t Au within a volcanic formation. The best composite was 1,547 ppm Cu and 219 ppm Zn over 3.94 m from 166.83 to 170.77 meters downhole.
The second drillhole HR-ML-02 was drilled 50 meters to the south of HR-ML-01 also within the Bentley Prospect and intersected 891 ppm Cu, 480 ppm Zn and 0.11 g/t Au over 11.71 meters from 191.11 to 202.82 meters downhole.
The third drillhole HR-ML-03 was centered on the Austin Prospect and intersected narrow widths of anomalous Cu and Zn mineralization from 24.64 to 69.19 meters downhole with the best intersection returning 482 ppm Cu and 130 ppm Zn over 1.0 meter. A second zone from 174.87 to 179.06 meters also returned anomalous Cu and Zn values up to 215 ppm Cu and 164 ppm Zn. Mineralization at Austin was also located within a volcanic formation.
Commenting on the results, Hudson River President & CEO Steve Balch summarized that “we have intersected anomalous Cu, Zn and Au mineralization in our first three drillholes. The grades themselves are not economic but they do confirm that the economic minerals Cu, Zn and Au are present at Bentley and Cu and Zn at Austin. Additional drilling will be required to futher define these occurrences. We are particularly interested in the presence of gold at Bentley in concentrations up to 0.39 g/t over 1.0 meter and which is anomalous in drillhole HR-ML-02 for a length of almost 19 meters.”
Hudson River is reviewing plans for a second phase of drilling and borehole geophysics near McFaulds Lake in a late winter program. Meanwhile the Company is preparing to drill at its 100% owned Glenrock Gold Prospect located north of Sault Ste. Marie Ontario.
The sampling and assaying of the drill core was supervised by Robert Middleton, P.Eng. who acted as the qualified person for the project. Assaying of the core samples was carried out by the ActLabs assay facility based in Thunder Bay using ICP methods – FA-ICP for Au and TD-ICP for Cu and Zn.
This document may contain forward-looking statements relating to Hudson River’s operations or to the environment in which it operates. Such statements are based on operations, estimates, forecasts and projections. They are not guarantees of future performance and involve risks and uncertainties that are difficult to predict and may be beyond Hudson River’s control. A number of important factors could cause actual outcomes and results to differ materially from those expressed in forward-looking statements, including those set forth in other public filings. In addition, such statements relate to the date on which they are made. Consequently, undue reliance should not be placed on such forward-looking statements. Hudson River disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, save and except as may be required by applicable securities laws.