Hudson Awards Sarfartoq REE Project Environmental Impact Study
12 Luglio 2011 - 8:14PM
Marketwired
HUDSON RESOURCES INC. (the "Company") (TSX VENTURE: HUD)(OTCQX:
HUDRF) is pleased to announce that it has awarded the Environmental
Impact Assessment (EIA) and Socio Economic Impact Assessment (SIA)
studies to Environmental Resources Management (ERM) for the
Sarfartoq rare earth project in Greenland. The EIA and SIA are key
components required in the submission of a mine permit application.
ERM is one of the world's leading providers of environmental,
health and social consulting services in the resource industry with
130 offices in 40 countries and employs approximately 3,600 staff.
ERM was responsible for the EIA and SIA studies for Alcoa for their
application to build a hydroelectric project and aluminum smelter
in Greenland. The hydroelectric project area overlaps with Hudson's
Sarfartoq rare earth project. ERM will work with local Greenlandic
companies during the studies.
James Tuer, Hudson's President, stated, "We are very pleased to
have ERM on our technical team. Their experience in Greenland, and
in particular on our project area through their work for Alcoa,
will be a big benefit. We want to ensure the highest environmental
standards are applied to our project as we advance the ST1 Zone
where we now have an inferred resource with over 14 million tonnes
averaging 1.5% total rare earth oxides (TREO). Our expectations are
that we will have all the necessary baseline work collected and
community consultations completed to support the submission of an
application for a mine permit in line with our geological and
engineering studies."
Hudson has produced an initial NI 43-101 resource estimate for
the Company's ST1 Zone, which defined 14.1M tonnes averaging 1.51%
total rare earth oxides (TREO) using a cutoff of 0.8%. The ST1 Zone
contains one of the industry's highest ratios of neodymium and
praseodymium to TREO, at 25%. Currently, the ST1 inferred resource
contains over 40 million kilograms of neodymium oxide, which is the
key component in permanent magnets and the fastest growth sector of
the rare earths industry. Neodymium oxide is currently quoted at
over US$300/kg, FOB China, and at over US$200/kg, within China,
according to www.metal-pages.com.
The Sarfartoq REE project is located within 20 km of tidewater
and only 60 km from Greenland's international airport. The project
is owned 100% by Hudson. The Company is well financed with
approximately $16 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 in
respect of the Sarfartoq REE Project. Ronald G. Simpson, B.Sc.,
P,Geo., President of Geosim Services Inc., is an independent
Qualified Person as defined by NI 43-101 and is responsible for the
resource estimate on the ST1 Zone.
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.
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 Resources Inc. James Tuer President
604-628-5002 or 604-688-3415 604-688-3452 (FAX)
tuer@hudsonresources.ca www.hudsonresources.ca
Grafico Azioni AnorTech (PK) (USOTC:HUDRF)
Storico
Da Dic 2024 a Gen 2025
Grafico Azioni AnorTech (PK) (USOTC:HUDRF)
Storico
Da Gen 2024 a Gen 2025