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Friday, November 05, 2010 11:19:14 AM
James Tuer, Hudson's President, stated, "We are very pleased with these results as they continue to demonstrate the continuity and grade of the ST1 Zone and will be important additions to our first 43-101 resource model which is expected to be completed by the end of the year. The ST1 Zone continues to demonstrate that it contains significant REEs and elevated neodymium levels between 20-30%, which are some of the highest ratios in the industry. This is an important benefit of our project as neodymium is the key driver in the rare earth industry. We are also looking forward to receiving the remaining assays from the Phase Two drill program, which cover several high priority targets at the ST19 and ST24 zones. These results are expected to be released within the next 10 days."
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