Hudson River Completes Zarn Lake Drill Program
August 16 2011 - 9:30AM
PR Newswire (Canada)
TORONTO, Aug. 16, 2011 /CNW/ -- TSX-V: HRM TORONTO, Aug. 16, 2011
/CNW/ - Hudson River Minerals Ltd. ("Hudson River") (TSX-V:HRM) is
pleased to announce the completion of its drill program at the 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. Summarizing the Zarn Lake drill
program, President and CEO Steve Balch commented "overall the
drilling went very well. We intersected the main quartz veins in a
number of drillholes and have sampled the wall rock on either side
of these intersections. All mineralized intervals have been sent to
ALS Minerals in Thunder Bay for assaying and we are expecting the
results in 4-5 weeks". 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.
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. To view this news
release in HTML formatting, please use the following URL:
http://www.newswire.ca/en/releases/archive/August2011/16/c4015.html
table tr valign="top" td align="left" colspan="2" bHudson River
Minerals Ltd. /b /td /tr tr valign="top" td align="left"
Stephen J. Balch, President and CEO /td td align="right" /td
/tr tr valign="top" td align="left" Tel: (905) 407-9586 /td td
align="right" /td /tr tr valign="top" td align="left"
Email: a
href="mailto:sbalch@hudsonriverminerals.com"sbalch@hudsonriverminerals.com/a
/td td align="right" /td /tr /table p /p
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