Hudson Resources Inc.: Drilling Confirms Seismic Imaging with Additional Kimberlite Intersections
Thursday June 29, 9:00 am ET
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VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - June 29, 2006) - HUDSON RESOURCES INC. ("Hudson")(TSX VENTURE:HUD - News) is pleased to provide the following update on drilling on the Garnet Lake kimberlite dike. The Company has now completed a total of 5 drill holes in 2006 and will continue testing targets throughout the summer. This will include drilling from the lakeshore to further test the target defined by drill hole 06DS01, which intersected 10.7m of kimberlite at the bottom of a lake 13km north-east of the Garnet Lake dike (see news release NR2006-14 dated June 9, 2006). Hudson also plans to collect a mini-bulk sample this summer to test for the quantity and quality of diamonds present in the Garnet Lake dike.
HIGHLIGHTS OF THE 2006 GARNET LAKE DRILL PROGRAM
- A total of 4 holes have now been completed and confirm that the principal shallow-dipping reflector identified in the seismic survey is the Garnet Lake diamondiferous kimberlite dike;
- Drill holes have intersected the main kimberlite dike at locations 185m, 320m, 465m, and 720m down dip from the original Garnet Lake diamondiferous subcrop location;
- Kimberlite intersections are consistent with a dike that dips approximately 22 degrees easterly;
- All intersections sampled along the main dike display the same physical characteristics as the diamondiferous kimberlite previously sampled at Garnet Lake;
- Average estimated true thickness of the combined kimberlite intersections from the main dike measures 3.94m. Average estimated true thickness of the largest single continuous intersection from each drill hole along the main dike measures 2.58m;
- Additional significant kimberlite dike intersections have been encountered at shallower depths including a 3.53m body in the upper end of drill hole 06DS05.
Table 1 - Kimberlite Intersections Encountered at the Main Seismic
Reflector Horizon---------------------------------------------------------------------
Drill Approx. Total Dip Main Garnet Lake Dike Aggre- Thick-
Hole Down Dip Depth gate est
(1) Pierce of Measured Intersection Kimber- Contin-
Point Drill lite uous
from Hole Thick- Kimber-
Garnet ness lite
Lake Body
Subcrop (2)
---------------------------------------------------------------------
From To Total
---------------------------------------------------------------------
05DS11 5 m 106.68 m -50 6.10 m 9.91 m 3.81 m 3.12 m 2.44 m
---------------------------------------------------------------------
05DS12 6 m 100.59 m -90 6.12 m 10.36 m 4.24 m 4.24 m 4.24 m
---------------------------------------------------------------------
06DS03 185 m 246.21 m -65 89.76 m 91.34 m 1.58 m 1.58 m 1.58 m
---------------------------------------------------------------------
102.16 m 103.63 m 1.47 m 1.47 m 1.47 m
---------------------------------------------------------------------
06DS02 320 m 230.94 m -90 129.85 m 134.42 m 4.57 m 4.57 m 4.57 m
---------------------------------------------------------------------
06DS04 465 m 377.96 m -65 208.28 m 211.23 m 2.95 m 2.18 m 1.80 m
---------------------------------------------------------------------
227.21 m 230.63 m 3.42 m 3.28 m 1.60 m
---------------------------------------------------------------------
06DS05 720 m 395.38 m -65 295.99 m 301.58 m 5.59 m 1.93 m 1.19 m
---------------------------------------------------------------------
317.86 m 320.27 m 2.41 m 1.95 m 1.57 m
---------------------------------------------------------------------
Note 1. Drill Holes 05DS11 and 05DS12 were completed in April 2005.
Note 2. Main dike intersection in drill holes 05DS12 and 06DS02 have
an estimated true thickness of 3.90m and 4.21m, respectively.
Main dike intersections in the remaining holes are believed
to approximate their true thickness.
Significant kimberlite intersections have been recovered on all four 2006 drill holes recently completed along the March 2006 seismic Line 1. These results complement the recovery of approximately 4 m intersections in the two drill holes completed in 2005 (05DS11, 05DS12) located at the western extent of the seismic line. Principal intersections occur in each drill hole consistent with a single kimberlite sheet dipping at approximately 22 degrees to the east. Intersections in some drill holes suggest that bifurcation (or splitting) of the principal body does occur; however, the total thickness remains relatively constant at approximately 4 m. Results of the principal kimberlite intersections are shown in the table above. With the exception of 06DS02 and 05DS12, holes were drilled at an angle in order to intersect the body close to representative true thickness.
In addition to the geometric consistency of the drill results, in all cases the main body contains significant portions of very competent, fine-grained bluish hypabyssal kimberlite with garnets present in the matrix, which is visually consistent with the intersection from drill core 05DS12 (15 stones were recovered from 10.95 kg of this drill core). During this present program, Hudson plans to collect a large 100+ tonne surface sample to assess the grade and stone quality potential of the body.
"Based on the current model of seismic rock velocities, the main easterly dipping reflector detected in the seismic survey correlates well with the drill results." says Cliff Candy, P.Geo., senior geophysicist for Frontier Geosciences Inc. who was in charge of the survey and is a qualified person under National Instrument 43-101. "The seismic survey data will be an effective guide in planning drill hole locations, and imaging the character of the zone between drill holes."
Management is pleased to state that the current drill program continues to be a success and is expected to shed further light on the potential volume of the diamondiferous kimberlite dike present at Garnet Lake as exploratory holes are undertaken to the north and south. In due course, samples will be taken from recovered core for testing for diamonds.
"Drill intersections along the principal Garnet Lake seismic line indicate that the main seismic reflector, which extends for over 2,000 m down dip, is associated with the diamondiferous Garnet Lake kimberlite dike", stated James Tuer, President. "We are very encouraged by results to date and are in the process of testing for kimberlite intersections along the additional seismic reflection lines. We are now confident that the seismic survey will be a valuable tool for delineating the tonnage potential of this kimberlite body."
Hudson Resources Inc. is a diamond exploration company focused on a 100% owned, 2,400 sq km licence area near Sarfartoq, West Greenland. In 2004, the Company located the first highly diamondiferous kimberlite occurrence in Greenland which yielded 151 diamonds from a 108 kg sample at Garnet Lake. In 2005, Hudson found additional sources of significantly diamondiferous kimberlite in drill core at Garnet Lake. Dr. Mark Hutchison, Trigon GeoServices Ltd., is in charge of the ongoing exploration program in Greenland. Dr. John Ferguson reviewed this press release and is a qualified person under National Instrument 43-101. Hudson currently trades on the TSX Venture Exchange under the symbol "HUD" and has 20.8 million shares outstanding.
ON BEHALF OF THE BOARD OF DIRECTORS
James Tuer, President
This news release contains forward-looking statements regarding ongoing and upcoming exploration work and expected geology, geological formations and structures. Actual results may differ materially from those anticipated in these statements.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Contact:
James Tuer
Hudson Resources Inc.
President
(604) 628-5002 or (604) 688-3415
tuer@hudsonresources.ca
www.hudsonresources.ca
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Source: Hudson Resources Inc. |
