Hudson Initiates Mining Application for Its White Mountain Anorthosite Project in Greenland
02 May 2014 - 11:00PM
Marketwired
Hudson Initiates Mining Application for Its White Mountain
Anorthosite Project in Greenland
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 2, 2014) -
HUDSON RESOURCES INC. (the "Company") -
(TSX-VENTURE:HUD)(OTCQX:HUDRF) is pleased to announce that it has
filed the necessary documents with the Government of Greenland to
initiate the application procedure to obtain a mining license for
the White Mountain Anorthosite Project.
Hudson has submitted the Environmental Impact Assessment (EIA),
Socio-economic Impact Assessment (SIA) and technical report with
the Mineral License and Safety Authority of Greenland ("MLSA",
formerly the Bureau of Minerals and Petroleum). The EIA and SIA
reports were completed by Inuplan A/S of Greenland and Golder
Associates Ltd. The technical report was completed by Hains
Engineering Company Limited. The license application is for the
construction and operation of a 285,000 tonne per year open pit
mine, three stage crushing facility and port to provide feed
material to E-glass fiberglass companies in Europe, North America
and Asia. The project has a small environmental footprint and does
not use any water or chemicals in the processing of the
anorthosite. The project would generate approximately 50 full time
jobs in Greenland.
"We are very excited to achieve this milestone with the White
Mountain project" stated James Tuer, President of Hudson. "By
submitting the necessary documents, this commences the application
process for our mining license at White Mountain. Based on our
community meetings to date, we have tremendous support from local
communities and we look forward to working with them in the
development and operation of this project."
White Mountain Project
The White Mountain Anorthosite project is owned 100% by Hudson
and is located on the Company's Naajat Exploration Licence. The
project is 80 km south-west of Kangerlussuaq, Greenland's
international airport, and is adjacent to tidewater on the
Sondrestrom fjord. The White Mountain anorthosite deposit is unique
in that it has high concentrations of aluminum, silica and calcium
with low sodium and no other contaminants.
Hudson has determined that the characteristics of this calcium
feldspar rock has three potential high-value applications which are
being investigated, as follows:
- A new source of feedstock to the high-end fiberglass (E-glass)
industry;
- A new source of alumina to supply aluminum smelters
- A new source of filler material. Fillers are a significant
component of the plastics, paints and paper industries.
Hudson has entered into confidentiality agreements with a number
of key industry players in the E-glass and industrial mineral
filler markets to investigate the application of this material to
their product lines. Testwork is ongoing at SGS Lakefield to
further refine the alumina flowsheet.
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.
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.
Hudson Resources Inc.James TuerPresident604-628-5002 or
604-688-3415tuer@hudsonresources.cawww.hudsonresources.ca
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