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HUD Hudson Resources Inc

0.03
0.00 (0.00%)
23 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Hudson Resources Inc TSXV:HUD TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.03 0.025 0.035 0 01:00:00

Hudson Reports Indicated Resource of 27.4 Million Tonnes for the White Mountain Anorthosite Project in Greenland

30/01/2013 1:00pm

Marketwired Canada


Hudson Resources Inc. (the "Company") (TSX VENTURE:HUD)(OTCQX:HUDRF) is pleased
to announce the first NI 43-101 compliant mineral resource estimate for its 100%
owned White Mountain anorthosite (calcium feldspar) project in Greenland. This
resource estimate outlines an indicated resource of 27.4M tonnes together with
an inferred resource of 32.7 M tonnes. The resource parameters and 2.50% sodium
(Na2O) cut off are based on the feedstock requirements needed for the E-Glass
(fiberglass) industry. E-Glass is a high value product that is high in aluminum,
silica and calcium and requires low sodium and iron and no other impurities. The
resource remains open in all directions. 




Table 1. Mineral Resource Estimate                                          
                                                                            
----------------------------------------------------------------------------
             Na2O                                                           
              Cut   Tonnes                                                  
Class      Off(1)  (000's)   SiO2  Al2O3  Fe2O3     CaO    MgO   Na2O    K2O
----------------------------------------------------------------------------
Indicated   2.50%   27,384  49.2%  30.0%  1.26%  14.95%  0.55%  2.35%  0.29%
----------------------------------------------------------------------------
Inferred    2.50%   32,724  49.4%  30.1%  1.22%  15.01%  0.52%  2.34%  0.26%
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
Indicated   3.00%   35,707  49.6%  29.8%  1.25%  14.72%  0.53%  2.41%  0.31%
----------------------------------------------------------------------------
Inferred    3.00%   42,034  49.7%  29.8%  1.25%  14.77%  0.52%  2.40%  0.30%
----------------------------------------------------------------------------
                                                                            
(1) Note: Cut-Off means all material is below the grade specified of Na2O.  
The sensitivity of the model to an increase in Na2O to a 3% cut off is      
included to show that the resources remains within E-Glass specifications.  



The resource estimate is classified as Indicated and Inferred Mineral Resources
as defined by CIM and referenced in NI 43-101. A Technical Report for this
resource estimate will be filed on SEDAR within 45 days. The resource estimate
was prepared by GeoSim Services Inc. of Vancouver. 


James Tuer, Hudson's President, stated, "We are very pleased with our initial
resource estimate for the White Mountain anorthosite deposit. This resource
estimate demonstrates that we have already outlined a significant amount of
anorthosite despite having only drill-tested a very small portion of our target
area. The low sodium content, as noted in this resource estimate, makes it an
ideal candidate for the E-glass (fibreglass) market, and we will soon be
providing processed bulk sample material to potential end users in the E-glass
industry for testing in their furnaces. As previously disclosed, the high
solubility and low iron content of our anorthosite also makes it an excellent
candidate for potential alumina production. With this resource model in hand,
and metallurgical test-work expected to be completed in the next few months, we
will commence a prefeasibility study for a project to supply the E-glass market
and will work to rapidly advance the project under Greenland's streamlined
permitting process. We expect to submit an application for an exploitation
license in early 2014."


The mineral resource was estimated using the inverse distance squared method.
Block dimensions were 25 metres by 25 metres horizontal and 10 metres vertical.
Grade estimation was based on analyses of core samples from 14 vertical core
holes (1088 metres in total) completed in 2012. Drill holes were spaced
approximately 100 metres apart on a rectangular grid and extended between 50 and
100 meters below surface. Oxide analyses were composited in five metre down-hole
intervals. It was concluded from statistical analysis of the raw sample data
that grade capping or special treatment of outliers was not warranted.


Blocks were considered as potentially economic if they were within an area
mapped as being greater than 90% anorthosite and containing less than 2.5% Na2O.
Almost all blocks exceeding this level of Na2O were at the base of the model and
would not have to be removed to access the other material. No other cut-off
criteria were used as all blocks were within the anorthosite and are considered
potentially economic.


Blocks were classified as 'Indicated' if they were within the bounds of the
drill grid or within 50m of the boundary. Blocks were classified as 'Inferred'
if they did not meet requirements for 'Indicated' and were located up to 100
meters beyond the drill pattern.


White Mountain is a weakly metamorphosed calcic anorthosite composed of nearly
monomineralic high-calcium plagioclase (bytownite An80-85) with minor amounts
(less than 1%) of clinozoisite and muscovite. The anorthosite body is lenticular
in shape with an east-northeast structural trend, covering a surface area of
over 20 square kilometers.


Hudson plans to commence additional diamond drilling starting in June of this
year with the objective of adding additional tonnes and upgrading the resource
to the measured resource category from the indicated resource category which
will be included in the the application for an exploitation license.


Hudson's White Mountain anorthosite is relatively unique in that it has high
concentrations of aluminum, silica and calcium, with little to no contaminants
and low iron. Hudson has determined that the White Mountain anorthosite has
three potential high-value industrial applications:




1.  As a new source of alumina to supply aluminum smelters; 
2.  As a new source of feedstock to the high end fiberglass (E-glass)
    industry; and 
3.  As a new source of filler material. Fillers are a significant component
    in the plastics and paints industries.



Hudson commenced exploration on the White Mountain Project in January 2012 and
has completed over 4,300 meters of drilling in 45 drill holes at White Mountain.
Processing of the 122 tonne bulk sample has been initiated at the Saskatchewan
Research Council's pilot plant in Saskatoon. Based on bench scale testing, the
material requires minimal processing: crushing, grinding, magnetic separation
and milling. The processed bulk sample material will be provided to potential
end users in the E-glass industry for testing in their furnaces. The Company has
also initiated baseline environmental studies with the objective of submitting
an application for a mining license in early 2014.


As reported in the Company's press release dated January 23, 2013 (NR2013-02),
aluminum leaching testwork has begun at SGS Canada Inc, with initial leach
recoveries of 94% of the aluminum being achieved. Downstream testwork on leach
solutions is ongoing and includes aluminum chloride precipitation, alumina
production and acid regeneration testing. Once this testwork is completed,
Hudson will initiate a scoping study to determine the preliminary economics of
producing an alumina product and potential by-products, including silica and a
calcium compound. 


The White Mountain Project is owned 100% by Hudson. The Project is located on
tidewater approximately 40 km from the Company's 100% owned rare earth element
(REE) project. White Mountain is envisioned as an open pit mining operation
similar in scope to a quarry. 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.


Ronald G. Simpson, B.Sc., P,Geo., President of Geosim Services Inc., is an
independent Qualified Person as defined by NI 43-101 and is responsible for the
resource estimate on White Mountain and has verified the data disclosed in this
release.


ON BEHALF OF THE BOARD OF DIRECTORS

James Tuer, President

Forward-Looking Statements

This news release includes certain forward-looking statements or information.
All statements other than statements of historical fact included in this news
release, including, without limitation, statements regarding plans for the
completion of a financing and the intended terms and use of proceeds thereof,
and other future plans and objectives of the Company are forward-looking
statements that involve various risks and uncertainties. There can be no
assurance that such statements will prove to be accurate and actual results and
future events could differ materially from those anticipated in such statements.
Important factors that could cause actual results to differ materially from the
Company's plans or expectations include market prices, general economic, market
or business conditions, regulatory changes, timeliness of government or
regulatory approvals and other risks detailed herein and from time to time in
the filings made by the Company with securities regulators. The Company
expressly disclaims any intention or obligation to update or revise any
forward-looking statements whether as a result of new information, future events
or otherwise except as otherwise required by applicable securities legislation.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Hudson Resources Inc.
James Tuer
President
604-628-5002 or 604-688-3415
604-688-3452 (FAX)
tuer@hudsonresources.ca
www.hudsonresources.ca

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