Hudson Reports Indicated Resource of 27.4 Million Tonnes for the White Mountain Anorthosite Project in Greenland
Published : January 30, 2013
( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 30, 2013) - Hudson Resources Inc. (the "Company") (News - Market indicators)(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
 
Class Na2O Cut Off1 Tonnes (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 >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.

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 Tuer
President
604-628-5002 or 604-688-3415
604-688-3452 (FAX)
tuer@hudsonresources.ca
www.hudsonresources.ca
Data and Statistics for these countries : Canada | Greenland | All
Gold and Silver Prices for these countries : Canada | Greenland | All

Hudson Resources Inc

EXPLORATION STAGE
CODE : HUD.V
ISIN : CA44415F1036
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Hudson Res. is a silver and gold exploration company based in Canada.

Hudson Res. holds various exploration projects in Greenland.

Its main exploration properties are GARNET LAKE in Canada and SARFARTOQ in Greenland.

Hudson Res. is listed in Canada and in United States of America. Its market capitalisation is CA$ 4.0 millions as of today (US$ 3.2 millions, € 2.8 millions).

Its stock quote reached its highest recent level on February 02, 2007 at CA$ 2.41, and its lowest recent point on June 16, 2023 at CA$ 0.03.

Hudson Res. has 134 600 000 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Financings of Hudson Resources Inc
4/5/2011Closes Equity Financing and Overallotment Option Exercised f...
4/1/2011. Announces Signing of Underwriting Agreement and Pricing of...
4/12/2010CLOSES $5,000,000 PRIVATE PLACEMENT
3/12/2010ANNOUNCES PRIVATE PLACEMENT
12/16/2009Confirms $1.6M Raised by Exercise of Warrants
6/16/2009 Private Placement
Nominations of Hudson Resources Inc
11/6/2012Announces Appointment of Herb Wilson to Board
5/3/2010ANNOUNCES BOARD CHANGES AND APPOINTMENT OF CFO
Project news of Hudson Resources Inc
2/19/2014s Alumina Development Program at its White Mountain Anorthos...
11/27/2013Completes Community Meetings for the White Mountain Project ...
9/19/2013Produces High Quality Alumina From Its White Mountain Anorth...
1/23/2013Reports 94% Aluminum Extraction from Initial Leaching Testwo...
9/24/2012s Rare Earth Project and Introduces New Anorthosite Project ...
12/7/2011(Sarfartoq)Reports Robust Preliminary Economic Assessment (PEA) for the...
7/12/2011(Sarfartoq)Awards Sarfartoq REE Project Environmental Impact Study
6/9/2011(Sarfartoq)Awards Sarfartoq Rare Earth Project Preliminary Economic Ass...
4/14/2011(Sarfartoq)Presents Sarfartoq REE Project to European Parliament
2/21/2011(Sarfartoq)Clarifies Continuous Disclosure Statements
8/12/2010(Sarfartoq) Drills 310M of 1.0% treo including 94M of 1,8% treo at Sarf...
5/27/2010(Sarfartoq)Provides Update on Drilling Program at Sarfartoq Rare Earth ...
11/5/2009(Sarfartoq)Drill Results Confirm High Grade Rare Earth Zones on the Gre...
9/17/2009Reports Additional High Grade Rare Earth Assays from Greenla...
9/9/2009(Sarfartoq)Commences Drilling Greenland Rare Earth Project
8/11/2009Exploration Program Delineates Three High Grade Rare Earth D...
7/23/2009(Sarfartoq)Completes first phase of Rare Earth exploration program
2/20/2009(Garnet Lake)2008 Garnet Lake Bulk Sample Results and Additional High Gra...
12/5/2008(Sarfartoq)IDENTIFIES HIGH GRADE NIOBIUM, URANIUM & TANTALUM
9/10/2008(Garnet Lake)GREENLAND DIAMOND PROJECT SEPTEMBER UPDATE
Corporate news of Hudson Resources Inc
7/26/2016HUDSON COMMENCES CONSTRUCTION AT THE WHITE MOUNTAIN ANORTHOS...
4/19/2016HUDSON SIGNS MANDATE LETTER WITH THE EUROPEAN INVESTMENT BAN...
12/16/2015HUDSON CLARIFIES AND CORRECTS DISCLOSURE
12/15/2015Hudson Clarifies and Corrects Disclosure
10/2/2015HUDSON SIGNS EXPLOITATION LICENSE AND IMPACT BENEFIT AGREEME...
9/17/2015HUDSON CLOSES SECOND TRANCHE OF EQUITY FINANCING FOR TOTAL P...
9/11/2015HUDSON AWARDED 30 YEAR MINING LICENSE FOR THE WHITE MOUNTAIN...
9/9/2015HUDSON ANNOUNCES GRANTS OF OPTIONS
9/3/2015HUDSON CLOSES EQUITY FINANCING FOR TOTAL PROCEEDS OF $4,023,...
8/20/2015HUDSON SECURES SHORT TERM BRIDGE LOAN
8/19/2015Hudson Secures Short Term Bridge Loan
8/8/2015HUDSON ANNOUNCES PRIVATE PLACEMENT
7/30/2015HUDSON SIGNS 10-YEAR GLOBAL SUPPLY AGREEMENT FOR THE WHITE M...
7/30/2015IIROC Trading Resumption - HUD
7/30/2015IIROC Trading Halt - HUD
3/30/2015HUDSON REPORTS ROBUST PRELIMINARY ECONOMIC ASSESSMENT (PEA) ...
3/30/2015Reports Robust Preliminary Economic Assessment (PEA) for Spe...
12/11/2014HUDSON PRODUCES SPECIALTY GRADE CALCINED ALUMINA USING WHITE...
7/29/2014Hudson's White Mountain Calcium Feldspar Used Successfully i...
5/2/2014Hudson Initiates Mining Application for Its White Mountain A...
4/24/2014Hudson Announces Grants of Options
8/7/2013Continues to Advance Its White Mountain Anorthosite Project ...
4/4/2013Commences Prefeasibility Study for the White Mountain Anorth...
2/12/2013Aheadoftherd Must Read - Anorthosite Has Huge Three Market P...
1/30/2013Reports Indicated Resource of 27.4 Million Tonnes for the Wh...
1/21/2013(Sarfartoq)Reports High Grade Rare Earth Assays from 2012 Drill Program...
10/12/2012Announces Grants of Options and Corporate Update
9/9/2011Drills Highest Grade Intervals to Date at its Greenland Rare...
6/6/2011Retains Brisco Capital to Provide Investor Relation Services
5/10/2011Commences 10,000M Rare Earth Drill Program in Greenland
3/10/2011ANNOUNCES PROPOSED EQUITY FINANCING
2/2/2010APPROVES 2010 FIELD PROGRAM FOR ITS RARE EARTH PROJECT IN GR...
1/26/2010ADDS JOHN MCCONNELL AS DIRECTOR
11/26/2009Hong Kong Rare Earth Conference Summary
11/5/2008CONVERTS TECK DEBT TO EQUITY
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (HUD.V)Other OTC (HUDRF)
0.030+0.00%0.025+13.64%
TSX-V
CA$ 0.030
03/19 12:13 -
0%
Prev close Open
0.030 0.030
Low High
0.030 0.030
Year l/h YTD var.
0.020 -  0.040 -25.00%
52 week l/h 52 week var.
0.020 -  0.050 20.00%
Volume 1 month var.
338,000 -%
24hGold TrendPower© : 15
Produces
Develops
Explores for Copper - Gold - Rare earth - Silver - Zinc
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
2024-14.29%
202316.67%0.080.03
2022-45.45%0.100.03
2021-80.00%0.280.06
202030.95%0.380.07
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.76-1.52%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 11.04-1.95%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.56-3.12%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.06+0.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.44-2.01%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 15.23-1.17%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.23-4.17%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.20-7.14%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 1.76+2.03%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 52.18-0.95%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.03+0.00%Trend Power :