Hudson River Minerals Ltd. (TSXV:HRM)
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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