Hudson River was founded in 2008 as a private Ontario Corporation. The Company went public on May 17th 2010, trading on the TSX Venture Exchange under the trade symbol HRM. The Company now owns or controls the mineral rights to gold properties in three areas of Ontario, Wawa, Sault Ste. Marie and Sioux Lookout and has base metal targets at McFaulds Lake.

 

Near Wawa, Hudson River has acquired three gold projects, Forge Lake, Hawk Junction and Otter Pond. At Forge Lake, Hudson River has completed two drill programs to date with the first program intersecting a thick deformation zone grading 3.25 g/t Au over 12.7 m and located within 50 m of surface, now known as the Forge Lake Deformation Zone (FLDZ). The FLDZ is located below the main quartz veins that were intersected by historical drilling and is emerging as Hudson River’s most prospective property. Further exploration at Hawk Junction and Otter Pond will commence in the summer of 2012.

 

In 2011 Hudson River acquired the Zarn Lake gold project located in Northern Ontario, approximately 20 km east of Sioux Lookout. The area is thought to be on trend to two major gold resources, the 1,000,000+ oz Goldlund property owned by Tamaka Gold and the 1,000,000+ oz Goliath property owned by Treasury Metals Limited. A 1,260 m drill program in 2011 intersected gold in all holes drilled including 4.46 g/t Au over 3.7 m in HR-ZL-04 and 3.72 g/t Au over 3.0 m in HR-ZL-05. The Alcona Mine, in operation during 1936 and 1937 is located on the property. From a 2010 sample program, assays as high as 8.5 oz/t were taken from the main gold-bearing quartz vein. Anomalous gold assays (up to 2.98 g/t Au) were also taken from samples of the wall rock adjacent to the quartz veins. A follow-up drill program is planned for 2012 to test for a westward continuation of the main veins along strike.

 

In 2010 Hudson River acquired the Glenrock gold property from the RRS Syndicate after a number of gold showings were consolidated into a single land package. A surface sampling program conducted by Hudson River confirmed high-grade gold in three areas. In late 2010 the area was flown with a high resolution magnetic gradiometer and formed the basis of a geological and geophysical compilation that was completed in early 2011. The Company is currently negotiating with the Batchewana First Nations for the start of a drill program in 2012 to test the main gold trend over a 400 m strike length. Glenrock is located 70 km north of Sault Ste. Marie east of Batchewana Bay.

 

In late 2010 Hudson River acquired a series of mineral claims from Temex Resources located in the McFaulds Lake (Ring of Fire) area that are prospective for base metal deposits, specifically copper, lead and zinc. An in-fill airborne electromagnetic and magnetic program is planned for 2012.
 

130 Adelaide St. West, Suite 2800

Toronto, ON M5H 3P5

(905) 854-5949

Stephen Balch President & CEO

 

Cell: 905.407.9586

Tel: 905.854.5949

Fax: 905.854.5950

 

sbalch@hudsonriverminerals.com