Hudson River Announces Drill Results at Zarn Lake
10 Outubro 2011 - 12:24AM
PR Newswire (Canada)
TORONTO, Oct. 11, 2011 /CNW/ - Hudson River Minerals Ltd. ("Hudson
River") is pleased to announce the drill results from its Zarn Lake
gold property ("Zarn Lake") located in northwest Ontario,
approximately 20 km east of Sioux Lookout. Sixteen (16) holes were
completed for a total of 1,260 m. Highlights from the drilling
include: -- Anomalous gold (0.99 g/t Au or higher over 1.0 m)
intersected in all 16 holes -- 4.46 g/t Au over 3.7 m in HR-ZL-04
-- 3.72 g/t Au over 3.0 m in HR-ZL-05 -- 4.12 g/t Au over 2.0 m in
HR-ZL-07 -- Wall rock assays over 1.0 g/t Au -- Zone is open in
both directions along strike and at depth -- Most intersections
within 50 m of surface The first phase of drilling at Zarn Lake was
designed to test the continuity of gold mineralization within the
main quartz vein (known as the # 1 vein) and whether gold was
confined to the quartz vein or also extended outward into the wall
rock. The first fourteen holes tested the main zone. The final two
holes tested a second quartz vein (known as the # 3 vein). A drill
trail from the former head frame extending westward was established
south of the exposed # 1 vein for a distance of 250 m. The assay
results (Table One) confirm the continuity of gold mineralization
within quartz veins with additional lower-grade gold in the
adjacent wall rock. The orientation of the mineralization in the #
1 vein is now well-established. A second phase of drilling will
involve extending the drill trail 250 m further west and a similar
drill program of approximately 16 holes to test for the continuity
and grade of the mineralization within 50 m of surface. The strike
length of the # 1 vein has been mapped for a distance of 600 m at
surface where it remains open in both directions. Other
gold-bearing quartz veins are known to exist on the property 1.1 km
further west. Commenting on the drill results from this first phase
of drilling, President and CEO Steve Balch summarized that "these
first results demonstrate the continuity of mineralization of the #
1 quartz vein, given that we intersected gold in every hole we
drilled. We have seen from the surface sampling that locally very
high-grade (over 1 oz/t Au) zones can exist within the # 1 vein and
that if enough of these higher grade zones are present we could
define a resource that has economic potential for mining." Hudson
River can earn a 100% interest in the property over a four year
period through a combination of cash payments ($165,000),
exploration expenditures ($1.0 million), share issuances (500,000
Hudson River common shares) and a 2.0% NSR. Upon completion of this
first phase, Hudson River has met its first year minimum
expenditure obligations at Zarn Lake. 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. All assays were by
fire assay with Atomic Absorption (AA) finish and were completed by
ALS Canada. The lab in addition completed a thorough quality
control program including analyzing duplicates, blanks and
standards. All checks were within acceptable limits. HOLE EAST
NORTH ELEV DIP AZIMUTH EOH FROM TO AU LENGTH ZONE (m) (m) (m) (deg)
(deg) (m) (m) (m) (g/t) (m) HR-ZL-01 3+02E 8+18N 415 -45 0 51.0
35.5 37.2 6.83 1.7 # 1 HR-ZL-02 3+02E 8+18N 415 -60 0 71.0 38.0
39.1 7.93 1.1 # 1 HR-ZL-03 2+76E 7+90N 417 -45 0 81.0 41.0 44.0
0.62 3.0 # 1 HR-ZL-04 2+76E 7+90N 417 -60 0 95.0 63.3 67.0 4.46 3.7
# 1 HR-ZL-05 2+01E 8+08N 419 -60 0 120.0 93.0 96.0 3.72 3.0 # 1
HR-ZL-06 2+34E 8+21N 408 -60 0 80.0 50.6 51.8 2.65 1.2 # 1 HR-ZL-07
2+07E 8+35N 393 -45 0 56.0 48.5 50.5 4.12 2.0 # 1 HR-ZL-08 2+07E
8+35N 393 -60 0 70.1 54.5 55.0 3.09 0.5 # 1 HR-ZL-09 Collar moved
to HR-ZL-17 HR-ZL-10 Collar moved to HR-ZL-18 HR-ZL-11 2+55E 7+98N
403 -45 0 81.8 58.0 59.5 1.43 1.5 # 1 HR-ZL-12 2+55E 7+09N 403 -60
0 100.8 61.5 62.5 1.75 1.0 # 1 HR-ZL-13 3+22E 8+06N 408 -45 0 61.0
48.0 51.0 0.89 3.0 # 1 HR-ZL-14 3+22E 8+06N 408 -60 0 71.0 34.8
35.3 9.96 0.5 # 1 HR-ZL-15 3+42E 7+84N 409 -45 0 80.0 52.5 54.5
1.26 2.0 # 1 HR-ZL-16 3+42E 7+84N 409 -60 0 100.0 30.0 31.5 3.64
1.5 # 1 HR-ZL-17 2+84E 6+80N 407 -45 0 78.5 8.5 9.6 4.28 1.1 # 3
HR-ZL-18 2+84E 6+80N 407 -45 40 63.0 9.0 10.5 1.56 1.5 # 3 and 43.5
45.0 1.68 1.5 # 3 Total 1,260 meters Table One. Assay results from
August 2011 drill program at Zarn Lake. About Hudson River Minerals
Ltd. Hudson River is focused on the discovery of precious metals
and base metals in Ontario. The management team identifies
underexplored areas that have historical intersections of economic
minerals and has experience exploring in areas with little geologic
outcrop and that rely heavily on geophysical technologies for
discovery. For more details on Hudson River's properties go to
www.sedar.com or visit www.hudsonriverminerals.com. 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. 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.
Hudson River Minerals Ltd. CONTACT: Hudson River Minerals Ltd.
Stephen J. Balch, President and CEOTel: (905) 407-9586Email:
sbalch@hudsonriverminerals.com
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