FOR IMMEDIATE RELEASE Trading Symbol: HUD September 22, 2010 NR2010-11
HUDSON RARE EARTH EXPLORATION SAMPLES OVER 10% TREO FROM RECONNAISANCE PROGRAM
Vancouver, BC – HUDSON RESOURCES INC. (“Hudson” – TSX Venture Exchange “HUD”) is pleased to announce that it has received assay results from the 2010 reconnaissance exploration program on the company’s Rare Earth Element (REE) project in Greenland. The program, which included handheld radiometric surveys, rock sampling and mapping, significantly expanded the initial 2009 areas of interest and demonstrates the strong growth potential of the project.
A total of 213 rock outcrop, sub-crop and float samples were collected in selected areas along the outer ring structure of the Sarfartoq Carbonatite which has a radius of 35 km. The best 53 samples (the top quartile) average 5.0% total rare earth oxide (TREO). The top ten samples average 10.85% and were collected from the ST19 and ST24 locations. All 213 samples combined average 1.5% total rare earth oxide (TREO). Two samples from the ST19 location assayed 7.2% and 6.1% Nb2O5 (niobium oxide).
James Tuer, President of Hudson, commented on the results as follows: “The abundance of very high-grade samples collected during this phase demonstrates the likelihood that additional high-grade zones exist outside of the main ST1 location where we are progressing towards defining a resource. These results have generated additional drill targets and are expanding our understanding of the systems that carry the rare earths. Our expectation is that as our experience in the area grows so will the generation of additional potentially economic bodies.”
Complete sampling results are available on the Company’s website. Links to the mapped results are as follows: – Project overview: www.hudsonresources.ca/files/HUD_2010_ RECON.pdf
– Northern Location (ST1 and ST40) www.hudsonresources.ca/files/HUD_2010_RECON_N.pdf
– South-East Location (ST24): www.hudsonresources.ca/files/HUD_2010_RECON_SE.pdf
– South-West Location (ST19): http://www.hudsonresources.ca/files/HUD_2010_RECON_SW.pdf
The reconnaissance samples were shipped to Vancouver for processing at ALS Chemex. A strict QA/QC program was followed which included the use of elemental standards, duplicates and blanks. All samples were 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.
Dr. Peter Le Couteur 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.
Hudson will be participating in the Toronto Resource Investment Conference September 25-26 (booth #203) at the Metro Toronto Convention Centre. Register for free at www.cambridgehouse.ca prior to attending the event.
Hudson will also be attending the 6th International Rare Earths Conference being held in Hong Kong November 9 -11. This is a major industry conference attended by all the major producers, end-users, traders, investors and funds.
ON BEHALF OF THE BOARD OF DIRECTORS
“James Tuer”
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 contains “forward-looking information”, which may include, but is not limited to, statements with respect to the future financial or operating performance of Hudson and its projects. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Hudson to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Forward-looking statements contained herein are made as of the date of this press release and Hudson disclaims, other than as required by law, any obligation to update any forward-looking statements whether as a result of new information, results, future events, circumstances, or if management’s estimates or opinions should change, or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements. Neither 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.