Hudson River Intersects 3.25 g/t Au over 12.7 m at Forge Lake
January 22 2012 - 12:37PM
PR Newswire (Canada)
TORONTO, Jan. 25, 2012 /CNW/ - Hudson River Minerals Ltd. ("Hudson
River") is pleased to announce it has received the assay results
from the recent drill program 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. Of the seventeen (17)
diamond drillholes completed, sixteen (16) holes intersected
anomalous gold. Total meterage was 1,399 m. Highlights of the
drilling include: -- 16.5 g/t Au over 0.5 m in HR-FL-04 -- 4.70 g/t
Au over 1.5 m in HR-FL-09 -- 4.10 g/t Au over 1.5 m in HR-FL-10
within 0.95 g/t Au over 13.0 m -- 4.56 g/t Au over 3.3 m in
HR-FL-12 within 1.99 g/t Au over 9.1 m -- 4.03 g/t Au over 3.0 m in
HR-FL-15 within 1.93 g/t Au ove 7.5 m -- 4.35 g/t Au over 3.9 m in
HR-FL-16 within 3.25 g/t Au over 12.7 m Drilling was concentrated
in two areas of the property. Eleven (11) holes were drilled
through the East Zone to test for higher-grade mineralization and
thicker intersections within the presence of a major deformation
zone. Holes HR-FL-04, HR-FL-15 and HR-FL-16 tested this zone. Six
(6) holes were drilled through the Main Zone to test for the
presence of gold in two thick deformation zones. HR-FL-09, HR-FL-10
and HR-FL-12 are representative of the Main Zone. Within the Main
Zone the best gold assays come from within the major quartz vein
located near the base of the deformation zone. Lower grade sections
(e.g. up to 0.89 g/t Au) are common and occur throughout the
deformation zone but are not always continuous. For example, hole
HR-FL-12 grades 4.56 g/t Au over 3.3 m within the major quartz vein
and grades 1.99 g/t Au over 9.1 m within a thicker interval of the
deformation zone that includes the major quartz vein. Within the
East Zone the gold assays are more continuous throughout the quartz
vein system within the deformation zone (e.g. 3.25 g/t Au over 12.7
m in hole HR-FL-16) but the thickness of these quartz veins can
vary rapidly over a short distance (e.g. from 3 to 12 m over 20 m).
The assay results for all holes are summarized in Table One. A
previous press release (dated December 14(th) 2011) listed the
collar coordinates, dip and azimuth and length of all holes. All
assays were by fire assay with Atomic Absorption (AA) finish and
were completed by ALS Canada. The lab also completed a thorough
quality control program including analyzing duplicates, blanks and
standards. All checks were within acceptable limits. The
intersected widths are not true widths, which would be
approximately 75 to 85% of the intersected widths based on the
estimated dip of the mineralization of -30(o) to -45(o) below the
horizontal. The Forge Lake property contains a historic resource of
170,000 tons that had been 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 1940s with a
reported grade of 9.5 g/t Au. A qualified person has not done
sufficient work to classify the historical estimate as current
mineral resources, therefore, Hudson River is not treating the
historical estimate as current mineral resources and the historical
estimate should not be relied upon. Hudson River has completed a
high resolution airborne magnetic survey over the Forge Lake, Otter
Pond and Hawk Junction properties and is currently designing a
spring exploration program at Forge Lake that will test for a
continuation of the intersection in HR-FL-16 further to the west
(where it was intersected by HR-FL-15) and east and down-dip of
HR-FL-12 where the zone is open in both directions. The drilling on
this program was confined to the upper 80-110 m of surface and
several historic intersections at greater depth remain to be
tested. The airborne survey will help in establishing geologic
contacts and structures across the three projects in advance of
further ground work, including additional sampling of known surface
showings and possible ground geophysical surveys, scheduled for
2012. Hudson River has also identified a series of surface showings
located 400-500 m south of the Forge Lake Main and East Zones that
produced assay values near 1 oz/t Au within quartz veins and that
will be the subject of further investigation in 2012. Alan Aubut
P.Geo. (ON) is a Qualified Person in accordance with Canadian
regulatory requirements as defined in NI 43-101 and has reviewed
the drill logs from this current exploration program and also
reviewed and approved the technical content of this press release.
HOLE FROM TO INTERVAL AU (m) (m) (m) g/t HR-FL-01 8.5 9.0 0.5 0.88
HR-FL-02 20.5 21.5 1.0 0.12 HR-FL-03 - - - NSA HR-FL-04 35.8 36.3
0.5 16.45 HR-FL-05 29.2 29.8 0.6 1.76 HR-FL-06 1.5 2.0 0.5 8.34
HR-FL-07 3.0 6.0 3.0 2.91 HR-FL-08 48.0 48.5 0.5 2.33 HR-FL-09 77.0
78.5 1.5 4.70 HR-FL-10 71.8 84.8 13.0 0.95 INCL 83.3 84.8 1.5 4.10
HR-FL-11 81.0 81.8 0.8 1.30 HR-FL-12 99.5 108.6 9.1 1.99 INCL 99.5
102.8 3.3 4.56 HR-FL-13 102.5 104.8 3.3 1.28 HR-FL-14 87.8 93.3 5.5
1.14 HR-FL-15 53.5 61.0 7.5 1.93 INCL 53.5 56.5 3.0 4.03 HR-FL-16
37.1 49.8 12.7 3.25 INCL 37.1 41.0 3.9 4.35 HR-FL-17 75.1 76.0 0.9
3.43 Table One. Gold assay results from Forge Lake drill program
(NSA - No Significant Assays). About Hudson River Minerals Ltd.
Hudson River is focused on the discovery of precious metals and
base metals. 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 visit www.sedar.com or
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: Stephen J. Balch, President and CEOTel:
905.407.9586email: sbalch@hudsonriverminerals.comOr:David Ellis,
Investor RelationsTel: 416.704.0937email: davidellis@rogers.com
Copyright