Hudson Reports High Grade Rare Earth Assays from 2012 Drill Program on the Sarfartoq Project in Greenland
21 Janvier 2013 - 8:22PM
OTC Markets
HUDSON RESOURCES INC. (“Hudson” or “the Company” – TSX-V: “HUD”,
OTCQX: “HUDRF”) is pleased to announce the 2012 drill results for
the Sarfartoq light rare earth element (“REE”) project in
Greenland. A total of 5,555 meters of diamond core drilling was
completed in connection with rare earth exploration and
development. Nineteen holes were drilled in the vicinity of the ST1
Zone resource. The other four were exploration holes drilled on the
south side of the carbonatite at the ST24 target. Complete drill
results are presented in Table 2 below and a map of the drill
locations will be available on the Company’s website.
2012 Drill Program Highlights:
- Sixteen drill holes surrounding and infilling the ST1 Zone
resource area contained high-grade intersections including:
- 6 meters of 6.05% TREO (SAR12-03)
- 6 meters of 4.91% TREO (SAR12-01)
- 8 meters of 4.61% TREO (SAR12-15)
- 6 meters of 4.34% TREO (SAR12-15)
- Wide zones of neodymium mineralization at ST1 continue to
demonstrate the high proportion of neodymium that has been outlined
in the resource.
- Drill results confirm continuation of high-grade mineralization
at depth.
James Tuer, Hudson’s President, stated, “We are very pleased with
the results from our 2012 drill program. We have continued to
demonstrate that the mineralization extends to the northeast and
have intersected some of our highest-grade material as we move in
that direction. Drilling to the south confirmed that the
mineralization continues at depth with a high ratio of neodymium to
total rare earth oxides at 23%. We expect that these results will
increase the overall grade and tonnage of the resource when they
have been incorporated into the resource model”.
“Going forward, our efforts at the ST1 Zone will focus on defining
the metallurgical flow sheet as we have already outlined a
sufficiently large and potentially economic deposit. We expect to
have our flow sheet completed by the end of the second quarter of
this year. This is a relatively low-cost exercise but it is
critical in demonstrating the viability of a REE deposit.”
“The bulk of the Company’s capital budget for 2013 will be focused
on our White Mountain anorthosite project, where the Company has
made substantial progress in a relatively short time. We expect to
have significant updates on this project over the next several
months.”
The ST1 Zone at Sarfartoq represents one of the industry’s highest
ratios of neodymium and praseodymium to TREO, averaging 25%, based
on the inferred resource. Based on the latest resource model, the
ST1 Zone contains over 27 million kilograms of neodymium oxide and
8 million kilograms of praseodymium oxide, which are the key
components in permanent magnets and the fastest growing sector of
the rare earths industry.
Table 1: 2012 High-Grade Intercepts of Neodymium
and Praseodymium Oxide.
Hole ID From To
Intersection TREO
(Nd+Pr)2O3
--------------------------------------------------------------------------------------------------------------------------
ST-1 North
SAR12-01 141.0
147.0 6.0
4.91% 9.9
--------------------------------------------------------------------------------------------------------------------------
SAR12-03 126.0
132.0 6.0
6.05% 11.4
--------------------------------------------------------------------------------------------------------------------------
SAR12-04 148.0
154.0 6.0
3.86% 8.2
--------------------------------------------------------------------------------------------------------------------------
ST1 South
SAR12-05 352.0
358.0 6.0
3.23% 7.1
--------------------------------------------------------------------------------------------------------------------------
SAR12-07 386.0
406.0 20.0
2.36% 5.5
--------------------------------------------------------------------------------------------------------------------------
ST1 Infill
SAR12-06 192.0
212.0 20.0
3.16% 6.7
--------------------------------------------------------------------------------------------------------------------------
SAR12-20 92.0 100.0
8.0 3.90% 7.8
--------------------------------------------------------------------------------------------------------------------------
SAR12-21 45.0 55.0
10.0 2.39% 5.3
--------------------------------------------------------------------------------------------------------------------------
SAR12-22 146.0
174.0 28.0
1.85% 5.2
276.0 296.0
20.0 2.35% 5.7
--------------------------------------------------------------------------------------------------------------------------
ST1 North Extension
SAR12-152. 163.0
169.0 6.0
4.34% 7.2
275.0 283.0
8.0 4.61% 6.7
--------------------------------------------------------------------------------------------------------------------------
SAR12-182. 154.0
168.0 14.0
3.00% 4.8
200.0 208.0
8.0 3.48% 4.8
--------------------------------------------------------------------------------------------------------------------------
SAR12-192. 46.0
52.0 6.0
3.11% 5.2
--------------------------------------------------------------------------------------------------------------------------
Note 1. The 2012 drill holes at ST1 were generally drilled at an
azimuth of approximately 310 degrees and a dip of between 45 and 65
degrees. As a result, true widths are estimated to be 80% to 95% of
reported intersections. An estimate of the true width for holes
SAR12-01, 02, 04, 05, and 19 can not be determined until the
resource has been updated.
Note 2. These results were previously published on September 24,
2012.
Note 3. Neodymium Oxide (Nd2O3) currently trades for $82.50/kg and
Praseodymium Oxide (Pr2O3) trades for $90/kg FOB China (ref:
Industrial Minerals on line, January 15, 2013).
Table 2: Complete 2012 Sarfartoq Drill Results
Hole ID
To
From Intersection
TREO (Nd+Pr)2O3
(Nd+Pr)2O3
(m)
(m) (m)
/TREO (kg/t)
------------------------------------------------------------------------------------------------------------------------------------------------
SAR12-01 ST-1 N
137.0
151.0 14.0
3.49% 20.10% 7.02
incl 141.0
147.0 6.0
4.91% 20.10% 9.87
------------------------------------------------------------------------------------------------------------------------------------------------
SAR12-02 ST-1 S
192.0
194.0 2.0
3.03% 25.20% 7.63
and
302.0
304.0 2.0
2.14% 22.80% 4.87
------------------------------------------------------------------------------------------------------------------------------------------------
SAR12-03 ST-1 N
126.0
140.0 14.0
4.26% 18.80% 8.02
incl 126.0
132.0 6.0
6.05% 18.90% 11.42
and
156.0
158.0 2.0
2.36% 18.70% 4.40
------------------------------------------------------------------------------------------------------------------------------------------------
SAR12-04 ST-1 N
138.0
158.0 20.0
2.35% 20.40% 4.78
incl 148.0
154.0 6.0
3.86% 21.20% 8.17
------------------------------------------------------------------------------------------------------------------------------------------------
SAR12-05 ST-1 S
82.0
86.0 4.0
1.53% 27.80% 4.26
and
270.0
272.0 2.0
2.11% 24.40% 5.15
and
332.0
372.0 40.0
1.68% 25.60% 4.31
incl 352.0
358.0 6.0
3.23% 22.00% 7.10
and
418.0
448.0 30.0
1.17% 30.00% 3.51
incl 420.0
428.0 8.0
1.82% 34.60% 6.31
------------------------------------------------------------------------------------------------------------------------------------------------
SAR12-06 ST-1 Infill
172.0 174.0
2.0 2.76%
20.40% 5.63
and
184.0
220.0 36.0
2.15% 21.60% 4.65
incl 192.0
212.0 20.0
3.16% 21.20% 6.70
------------------------------------------------------------------------------------------------------------------------------------------------
SAR12-07 ST-1 S
360.0
406.0 46.0
1.73% 26.20% 4.55
incl 386.0
406.0 20.0
2.36% 23.50% 5.53
------------------------------------------------------------------------------------------------------------------------------------------------
SAR12-08 ST-1N
156.0
160.0 2.0
0.41% 36.90% 1.50
------------------------------------------------------------------------------------------------------------------------------------------------
SAR12-09 ST-24 No significant
results
------------------------------------------------------------------------------------------------------------------------------------------------
SAR12-10 ST-1N
23.0
25.0 2.0
2.42% 16.60% 4.03
and
31.7
33.3 1.6
6.22% 16.00% 9.97
and
94.0
96.0 2.0
3.85% 19.50% 7.52
and
204.0
206.0 2.0
2.09% 17.60% 3.67
------------------------------------------------------------------------------------------------------------------------------------------------
SAR12-11 ST-24 No significant
results
------------------------------------------------------------------------------------------------------------------------------------------------
SAR12-12 ST-1N
189.0
191.0 2.0
2.21% 19.40% 4.28
and
233.0
235.0 2.0
4.73% 19.00% 8.98
------------------------------------------------------------------------------------------------------------------------------------------------
SAR12-13 ST-24
22.0
24.0 2.0
2.15% 16.30% 3.52
------------------------------------------------------------------------------------------------------------------------------------------------
SAR12-14 ST-24 No significant
results
------------------------------------------------------------------------------------------------------------------------------------------------
SAR12-15 ST-1 North Extension
90.0 100.0
10.0 3.42%
16.00% 5.47
and
163.0
177.0 14.0
2.74% 16.90% 4.64
incl 163.0
169.0 6.0
4.34% 16.70% 7.24
and
233.0
287.0 54.0
2.11% 15.70% 3.32
incl 243.0
251.0 8.0
2.54% 16.60% 4.22
and 257.0
269.0 12.0
2.91% 15.80% 4.60
and 275.0
283.0 8.0
4.61% 14.50% 6.66
------------------------------------------------------------------------------------------------------------------------------------------------
SAR12-16 ST-1 S Failed to
reach target depth
------------------------------------------------------------------------------------------------------------------------------------------------
SAR12-17 ST-1 S Failed to
reach target depth
------------------------------------------------------------------------------------------------------------------------------------------------
SAR12-18 ST-1 North Extension
38.0 40.0
2.0 2.28%
17.30% 3.93
and
48.0
56.0 8.0
2.59% 17.20% 4.46
and
82.0
90.0 8.0
1.65% 17.90% 2.95
and
116.0
124.0 8.0
2.29% 16.50% 3.77
and
154.0
168.0 14.0
3.00% 16.10% 4.84
and
200.0
208.0 8.0
3.48% 13.90% 4.85
------------------------------------------------------------------------------------------------------------------------------------------------
SAR12-19 ST-1 North Extension
46.0 52.0
6.0 3.11%
17.60% 5.25
and
134.0
136.0 2.0
2.57% 17.60% 4.53
and
148.0
150.0 2.0
2.89% 13.60% 3.93
and
156.0
158.0 2.0
2.46% 16.40% 4.03
and
160.0
162.0 2.0
4.62% 13.20% 6.08
and
172.0
174.0 2.0
2.18% 14.60% 3.19
and
198.0
200.0 2.0
2.70% 15.70% 4.23
------------------------------------------------------------------------------------------------------------------------------------------------
SAR12-20 ST-1 Infill
74.0 104.0
30.0 2.18%
16.10% 4.69
incl 78.0
84.0 6.0
2.66% 21.50% 5.72
and 92.0
100.0 8.0
3.90% 20.10% 7.85
and
160.0
172.0 12.0
2.38% 22.30% 5.32
------------------------------------------------------------------------------------------------------------------------------------------------
SAR12-21 ST-1 Infill
37.0 59.0
22.0 1.79%
22.20% 3.97
incl 45.0
55.0 10.0
2.39% 22.20% 5.30
------------------------------------------------------------------------------------------------------------------------------------------------
SAR12-22 ST-1 Infill
42.0 300.0
258.0 1.15%
27.30% 3.15
incl 52.0
56.0 4.0
1.41% 30.90% 4.35
incl 142.0
296.0 154.0
1.57% 26.40% 4.13
incl 146.0
174.0 28.0
1.85% 28.20% 5.21
and 224.0
296.0 72.0
1.87% 25.40% 4.74
incl 276.0
296.0 20.0
2.35% 24.20% 5.69
------------------------------------------------------------------------------------------------------------------------------------------------
SAR12-23 ST-1 Infill: Hole
abandoned after 23m due to mechanical failure
------------------------------------------------------------------------------------------------------------------------------------------------
Note: All measurements are in meters. All elements reported by
Actlabs are in parts per million (ppm) and have been converted to %
oxide. Total Rare Earth Oxides (TREO) refers to the elements
lanthanum through lutetium plus yttrium expressed as oxides in the
form REE2O3
Drill core was logged and sampled in the field and split core was
shipped to North Vancouver, BC for processing at ALS Canada Ltd. A
strict QA/QC program was followed, which includes the use of
elemental standards, duplicates and blanks. In cases where the
entire hole was not sampled, only significant drill intersections
of carbonate mineralization were sampled. Core was split in the
field with half of the core being sent to ALS Chemex and the
remaining half stored on-site for future reference. All samples
were analyzed using lithium borate fusion, acid dissolution and
ICP-MS analysis.
The Sarfartoq REE project is located within 20 km of tidewater and
only 60 km from Greenland’s international airport at Kangerlussuaq.
The project is owned 100% by Hudson. The Company remains well
financed with approximately $7 million in working capital.
Dr. Michael Druecker 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.
BY ORDER OF THE BOARD OF DIRECTORS
"James Tuer"
James Tuer, President
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