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Hudson Resources Inc. (TSXV:HUD,OTCQX:HUDRF) announced it has updated its resource estimate for the Greenland-based Sarfartoq REE project.
Hudson Resources Inc. (TSXV:HUD,OTCQX:HUDRF) announced it has updated its resource estimate for the Greenland-based Sarfartoq REE project.
As quoted in the press release:
This resource estimate includes indicated resources of 5.9M tonnes averaging 1.8% total rare earth oxides (TREO) and inferred resources of 2.5M tonnes averaging 1.6% TREO for the ST1 zone, based on a 1.0% cut-off grade.
Hudson’s President, James Tuer said:
Using a 1.0% cut-off grade, 43% of the 2011 inferred resources were reclassified as indicated resources. The grade of the indicated resource increased by 15% to 1.8% TREO in comparison to the 2011 inferred resource.
Click here for the Hudson Resources Inc. (TSXV:HUD) press release.
