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Hudson Resources Inc

Publié le 10 septembre 2008

GREENLAND DIAMOND PROJECT SEPTEMBER UPDATE

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FOR IMMEDIATE RELEASE
September 10, 2008

Trading Symbol: HUD
NR2008-7


HUDSON GREENLAND DIAMOND PROJECT SEPTEMBER UPDATE

Vancouver, BC � HUDSON RESOURCES INC. (�Hudson� � TSX Venture Exchange �HUD�) is pleased to announce the following update to its 2008 Greenland diamond bulk sampling and exploration project:

  • Hudson has completed the processing of over 560 dry tonnes of kimberlite through its on-site Dense Media Separation (DMS) plant. This Garnet Lake sample was extracted from two pits approximately 1,200m apart.
  • Concentrate from 154 dry tonnes of kimberlite from Pit 1 of the Garnet Lake dike arrived this week in Saskatoon, Saskatchewan for final diamond recovery at the SRC GeoAnalytical Laboratories (�SRC�).
  • Concentrate from the remaining 406 dry tonnes has been secured and sealed ready for shipping from Greenland with an expected arrival at the SRC in the first week of November.
  • Hudson believes it has extended the known strike length of the Garnet Lake dike by 700m to over 2,000 meters.
  • Four dry tonnes of Spider Lake kimberlite were also processed through the plant. Previous sampling at Spider Lake demonstrated the kimberlite was diamondiferous and warranted further evaluation via larger sample sizes and additional drilling.
  • Over 4,000m of exploration drilling was completed. Kimberlite was intersected in 90% of the holes targeted for diamonds and samples have been collected for analysis.
  • The niobium-uranium bearing Sarfartoq carbonatite was sampled and drilled. Sample material has been shipped to Canada for analysis.

�We are very pleased with the results of this years exploration program�, stated James Tuer, President of Hudson. �We were able to accomplish each of our stated goals on time and within budget. The plant modifications worked well and we believe we will achieve improvements to liberation and recovery of diamonds compared to earlier samples. The exploration drill program and ground prospecting continued to identify additional kimberlite occurrences. I am particularly pleased that our team was able to locate another outcrop of kimberlite 1,200m to the south that appears to be the continuation of the Garnet Lake dike. A sample of 65 dry tonnes of kimberlite was extracted from this site and processed through the plant. There are now eight drill holes located between the two pits. Three holes drilled in 2006 are diamondiferous and the other 5 were drilled this year. Some of this years concentrate is already at the SRC awaiting final diamond recovery and the balance of the sample is now ready for shipping out of Greenland. We hope to have all of our diamond results before the end of the year.�

Hudson was able to process as much as 40 tonnes of material per day through the on-site DMS plant. In total, over 1,200 tonnes of kimberlite was processed through the plant over a two and a half month period when multiple stages of crushing and reprocessing are taken into account. Three separate kimberlite samples were campaigned through the plant. A 495 dry tonne sample from Pit one, a 65 dry tonne sample from Pit 2 and a four dry tonne sample from Spider Lake kimberlite. The plant was washed and cleaned between each sample in order to preserve sample integrity. Estimates for moisture content (3%) and country rock dilution (17%) were calculated in order to arrive at dry tonnages. All of the kimberlite was subjected to a minimum of two stages of crushing at 12mm and 5.5mm and a significant portion of material underwent a third crush to minus 4mm.

Hudson believes that this year�s sample will provide a sufficient number of carats to allow for a representative diamond valuation for the purposes of estimating per tonne rock values. Previous samples from the Garnet Lake dike have recovered very encouraging high quality gem diamonds in the 2.5 carat to 4 carat (broken stone) range from less than 200 dry tonnes of kimberlite.

As mentioned above, Hudson located an outcrop 1,200m south of Pit 1 of garnet-bearing kimberlite that it believes represents an extension to the Garnet Lake dike. Sixty-five dry tonnes of this material have been processed through the plant and is included in the material to be shipped this month back to Canada. This significantly extends the potential strike length to over 2,000m. Seismic reflections surveys have estimated the downdip extent to at least 2,000m. The width of the kimberlite dike has been averaging 2.5m of kimberlite within a 3.5m intersection. The specific gravity, or density, of the kimberlite is 3. As a result, Hudson believes that there is a significant tonnage potential to this body.

Hudson completed 4,000m of core drilling this year over 31 targets. Fifteen holes were drilled as kimberlite exploration targets. Twelve of the holes intersected kimberlite. Samples from 11 of the holes have been collected for analysis. In support of this, approximately 4 tonnes of kimberlite from the Spider Lake kimberlite dike swarm 8 km east of Garnet Lake was collected from sub-crop for DMS processing.

Twelve of the holes were drilled in the immediate vicinity of the Garnet Lake dike with the intent to further define the dike. Kimberlite was intersected in each of these holes. Significant intersections have been submitted for analysis.

Two holes were completed on the Sarfartoq Carbonatite complex. A portable XRF analyzer suggests an anomalous niobium and uranium signature over a width of 56m in one of the holes. The core has been submitted for analysis. Finally, two holes were drilled into a gossan structure. Assays failed to recover any significant mineralization.

Samples are being shipped to SRC GeoAnalytical Laboratories, which is accredited to the ISO/IEC 17025 standard by the Standards Council of Canada as a testing laboratory for specific tests. Dr. Karen Hangh�j, was in charge of the exploration program and is responsible for the collection of the samples in Greenland and managed the chain of custody from the field to the SRC. Dr. John Ferguson reviewed this press release and is a qualified person under National Instrument 43-101. Hudson currently trades on the TSX Venture Exchange under the symbol �HUD�. The company has 30,571,266 shares outstanding.

BY ORDER OF THE BOARD OF DIRECTORS
�James Tuer�
James Tuer, President


This news release contains forward-looking statements regarding ongoing and upcoming exploration work and expected geology, geological formations and structures. Actual results may differ materially from those anticipated in these statements.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION:

HUDSON RESOURCES INC:
James Tuer, Chief Executive Officer
Phone: (604) 628-5002 or (604) 688-3415
email: tuer@hudsonresources.ca


Please visit our website at www.hudsonresources.ca

Hudson Resources Inc

EXPLORATEUR
CODE : HUD.V
ISIN : CA44415F1036
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Hudson Res. est une société d’exploration minière d'argent et d'or basée au Canada.

Hudson Res. détient divers projets d'exploration au Groenland.

Ses principaux projets en exploration sont GARNET LAKE au Canada et SARFARTOQ au Groenland.

Hudson Res. est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 4,0 millions CA$ (3,2 millions US$, 2,8 millions €).

La valeur de son action a atteint son plus haut niveau récent le 02 février 2007 à 2,41 CA$, et son plus bas niveau récent le 16 juin 2023 à 0,03 CA$.

Hudson Res. possède 134 600 000 actions en circulation.

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