HUD Hudson Resources Inc

HUDSON RESOURCES INC. (the "Company") (TSX VENTURE:HUD)(OTCQX:HUDRF) is pleased
to announce that the prefeasibility study for the company's White Mountain
Anorthosite project has commenced. The study is being carried out by Hains
Engineering of Toronto who have extensive experience with anorthosite projects
in North America and Europe. The study is expected to be completed in Q3 of
2013. The study is focused on the production of an anorthosite feed material
that will be utilized by the E-Glass fiberglass industry. The study will be
based on an open pit mine adjacent to tidewater in Greenland, together with a
processing and distribution facility in Western Europe. 


James Tuer, Hudson's President, stated, "We are very pleased with the rapid
progress on our White Mountain anorthosite project. In just over a year we have
outlined a significant 43-101 resource model, extracted a bulk sample,
determined a flow sheet and initiated discussions with five potential end users
in the E-Glass industry. The commencement of the prefeasibility is an important
step in determining the economics of the project. This study will be initially
based on European end users, but we are also actively looking at markets in
North America and Asia with very positive feedback to date. We will continue to
work rapidly to advance the project under Greenland's streamlined permitting
process and expect to submit an application for an exploitation license in early
2014."


Hudson announced a 43-101 compliant resource model on January 30th (see release
NR2013-03). This resource estimate outlined 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. Hudson believes the
resource is unique due to its high calcium, low sodium content. The resource
remains open in all directions.


Hudson has determined that the White Mountain anorthosite has three potential
high-value industrial applications: 




1.  As a new source of feedstock to the high end fiberglass (E-glass)
    industry;
2.  As a new source of alumina to supply aluminum smelters; 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 120 tonne sample is nearing completion at the Saskatchewan
Research Council's pilot plant in Saskatoon. The resulting feldspar concentrate
will be shipped to Europe later this month for trial tests. Based on bench scale
testing, the material requires minimal processing: crushing, grinding, magnetic
separation and milling. The Company has also initiated baseline environmental
studies with the objective of submitting an application for a mining license in
early 2014.


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. The Company remains well-financed with over $6 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., an independent Qualified Person as defined by NI 43-101, was
responsible for the resource estimate on White Mountain.


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Hudson Resources Inc.
James Tuer
President
604-628-5002 or 604-688-3415
604-688-3452 (FAX)
tuer@hudsonresources.ca

Hudson Resources (TSXV:HUD)
Historical Stock Chart
From May 2024 to Jun 2024

Hudson Resources (TSXV:HUD)
Historical Stock Chart
From Jun 2023 to Jun 2024