FOR IMMEDIATE RELEASE TSX-V: HUD
May 2, 2014
OTC: HUDRF NR2014-03
HUDSON INITIATES MINING APPLICATION FOR ITS WHITE MOUNTAIN ANORTHOSITE PROJECT IN GREENLAND
Vancouver, BC – HUDSON RESOURCES INC. (the “Company”) – (TSX Venture Exchange “HUD”; OTCQX “HUDRF”) is pleased to announce that it has filed the necessary documents with the Government of Greenland to initiate the application procedure to obtain a mining license for the White Mountain Anorthosite Project.
Hudson has submitted the Environmental Impact Assessment (EIA), Socio-economic Impact Assessment (SIA) and technical report with the Mineral License and Safety Authority of Greenland (“MLSA”, formerly the Bureau of Minerals and Petroleum). The EIA and SIA reports were completed by Inuplan A/S of Greenland and Golder Associates Ltd. The technical report was completed by Hains Engineering Company Limited. The license application is for the construction and operation of a 285,000 tonne per year open pit mine, three stage crushing facility and port to provide feed material to E-glass fiberglass companies in Europe, North America and Asia. The project has a small environmental footprint and does not use any water or chemicals in the processing of the anorthosite. The project would generate approximately 50 full time jobs in Greenland.
“We are very excited to achieve this milestone with the White Mountain project” stated James Tuer, President of Hudson. “By submitting the necessary documents, this commences the application process for our mining license at White Mountain. Based on our community meetings to date, we have tremendous support from local communities and we look forward to working with them in the development and operation of this project.”
White Mountain Project
The White Mountain Anorthosite project is owned 100% by Hudson and is located on the Company’s Naajat Exploration Licence. The project is 80 km south-west of Kangerlussuaq, Greenland’s international airport, and is adjacent to tidewater on the Sondrestrom fjord. The White Mountain anorthosite deposit is unique in that it has high concentrations of aluminum, silica and calcium with low sodium and no other contaminants.
Hudson has determined that the characteristics of this calcium feldspar rock has three potential high-value applications which are being investigated, as follows:
1. A new source of feedstock to the high-end fiberglass (E-glass) industry;
2. A new source of alumina to supply aluminum smelters
3. A new source of filler material. Fillers are a significant component of the plastics, paints and paper industries.
Hudson has entered into confidentiality agreements with a number of key industry players in the E-glass and industrial mineral filler markets to investigate the application of this material to their product lines. Testwork is ongoing at SGS Lakefield to further refine the alumina flowsheet.
ON BEHALF OF THE BOARD OF DIRECTORS
James Tuer, President
For further information:
James Tuer, President
Ph: 604-628-5002 or 604-688-3415 [email protected]
Suite 1460 – 1066 West Hastings Street Vancouver, B.C. V6E 3X1
Tel: (604) 628-5002 Fax: (604) 688-3452
This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this news release, including, without limitation, statements regarding plans for the completion of a financing and the intended terms and use of proceeds thereof, and other future plans and objectives of the Company are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s plans or expectations include market prices, general economic, market or business conditions, regulatory changes, timeliness of government or regulatory approvals and other risks detailed herein and from time to time in the filings made by the Company with securities regulators. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.