TORONTO, Nov. 17, 2011 /CNW/ - Hudson River Minerals Ltd. ("Hudson River") (TSX-V:HRM) 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
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
SOURCE Hudson River Minerals Ltd.
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