FOR IMMEDIATE RELEASE
September 10, 2008
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Trading Symbol: HUD
NR2008-7
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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
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Please visit our website at www.hudsonresources.ca
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