TORONTO, ONTARIO — (Marketwire) — 06/26/12 — Forge Lake Assays Released
Hudson River Minerals Ltd. („Hudson River“ or the „Company“) (TSX VENTURE: HRM) is pleased to announce the results of its recent eleven-hole drill program at Forge Lake. Complete composites are listed in Table One. Highlights include:
Alan Aubut P.Geo. (ON) is a Qualified Person in accordance with Canadian regulatory requirements as defined in NI 43-101 and has reviewed the preliminary drill logs from this current exploration program and has also reviewed and approved the technical content of this press release.
All assays were by fire assay with Atomic Absorption (AA) finish and were completed by ALS Canada. The lab also completed a thorough quality control program including analyzing duplicates, blanks and standards. All checks were within acceptable limits. The intersected widths are not true widths, which would be approximately 75% to 85% of the intersected widths based on the estimated dip of the mineralization of -30 degrees to -45 degrees below the horizontal.
Sale of Glenrock Property
The Company announces that it has signed an agreement to sell its 100% owned Glenrock Property to Superior Copper Corporation („Superior Copper“) (TSX VENTURE: SPC) for 2.1 million common shares of SPC. The sale is subject to TSX Venture approval.
Commenting on the recent developments at Hudson River, President and CEO Steve Balch commented „we continue to intersect good gold mineralization within the Forge Lake Deformation Zone. Some of the good gold assays are associated with low sulphide, low quartz intersections. As a result we will initiate a more detailed sampling program on the drillcore from our previous drilling with the hope of extending some of the known intersections. This summer we will integrate the results from our two drill programs with the historic drill results in an attempt to better define the main gold trends in anticipation of a fall drill program at Forge Lake. In the field this summer we will focus on the Hawk Junction and Otter Pond Properties. We are happy to sell our Glenrock Property to Superior Copper because of their interest in consolidating properties in the area and their good relationship with Batchewana First Nations, both of which are positive signs for advancing the property.“
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 visit our web-site at .
For Further Information
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 laws.
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.
Contacts: Hudson River Minerals Ltd. Stephen J. Balch President and CEO 905.407.9586
David Ellis Investor Relations 416.704.0937
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