VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 01/30/13 -- Hudson Resources Inc. (the "Company") (TSX VENTURE: HUD)(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---------------------------------------------------------------------------- Na2O Cut TonnesClass Off(1) (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 isincluded 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."
