Hudson River Minerals Ltd. (“Hudson River”) (TSX-V:HRM) is pleased to announce it has commenced drilling on its Forge Lake gold property located 32 km northeast of Wawa, Ontario and 14 km south of the Richmont Mines Island Gold Mine and Mill.
Approximately sixteen (16) diamond drillholes will be completed for a total meterage of 1.6 km. The drilling will help better establish the location of historic drillhole intersections reported by Amax Minerals Corporation (“AMC”) in the early 1980’s including 12.6 g/t Au over 4.0 m and 8.7 g/t Au over 5.0 m in two drillholes that were spaced 300 m apart.
The Forge Lake property contains a historic resource of 170,000 tons and was defined by Regnery Metals in 1940 and later reported by AMC in 1979. No grade was reported for this resource although 8,000 tons were mined in the early 1940’s with a reported grade of 9.5 g/t Au.
A qualified person has not done sufficient work to classify the Forge historical estimate as current mineral resources that are compliant with the standards of mineral resource disclosure under National Instrument 43-101, therefore Hudson River is not treating the historical estimate as current mineral resources and the historical estimate should not be relied upon. Alan Aubut P.Geo. (ON) is a Qualified Person in accordance with Canadian regulatory requirements as defined in NI 43-101 and has reviewed and approved the technical content of this press release.
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.