Hudson River Commences Drilling at Forge Lake
18 November 2011 - 1:20AM
PR Newswire (Canada)
TSX-V: HRM TORONTO, Nov. 17, 2011 /CNW/ - Hudson River Minerals
Ltd. ("Hudson River") is pleased to announce it has commenced
drilling 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. Approximately sixteen (16) diamond drillholes will
be completed for a total meterage of 1.6 km. The drilling will help
better establish the location of historic drillhole intersections
reported by Amax Minerals Corporation ("AMC") in the early 1980s
including 12.6 g/t Au over 4.0 m and 8.7 g/t Au over 5.0 m in two
drillholes that were spaced 300 m apart. The Forge Lake property
contains a historic resource of 170,000 tons and was 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. The Forge Lake
historical estimate is not compliant with current standards of
mineral resource disclosure under National Instrument 43-101,
therefore Hudson River advises that the historical estimate should
not be relied upon. Alan Aubut P.Geo. (ON) is a Qualified Person in
accordance with Canadian regulatory requirements as defined in NI
43-101 and has reviewed and approved the technical content of this
press release. 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. Hudson River
Minerals Ltd. CONTACT: Hudson River Minerals Ltd. Stephen J. Balch,
President and CEO Tel: (905) 407-9586 Email:
sbalch@hudsonriverminerals.com
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