June 13, 2011 / 4:04 PM / in 7 years

UPDATE 1-Hudson River suspends drilling on Ontario gold property

* Says aboriginal rights group seeks suspension

* To focus on other exploration projects for now

* Shares fall 19 pct (Follows alerts)

June 13 (Reuters) - Canada’s Hudson River Minerals Ltd said it suspended its Glenrock drill program in Ontario at the request of an aboriginal rights group, sending its shares down as much as 19 percent on Monday morning.

The miner said it would focus on its two other properties, Zarn Lake and McFaulds Lake in Ontario, until it can continue exploring at Glenrock without interruption.

Last month, the Batchewana First Nation (BFN), which claims traditional aboriginal rights within the area, asked Hudson River to obtain a “BFN Exploration Drill Permit” to access the Glenrock property to carry out its exploration program.

However, the company said it had been informed by the Ministry of Northern Development, Mines and Forestry that it had the legal right to explore on the property and that a drill permit from BFN is not required.

Shares of the Toronto, Ontario-based company were trading down at 6.5 Canadian cents on Monday on the Toronto Venture Exchange. (Reporting by Amruta Sabnis in Bangalore; Editing by Gopakumar Warrier)

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