Hathor Exploration Limited Discovers High-Grade Uranium Mineralization 200 Metres from Roughrider Zone by 24hgold

Keywords : Canada | Cobalt |

Wednesday, September 09, 2009
Hathor Discovers High-Grade Uranium Mineralization 200 Metres from Roughrider Zone

Hathor Exploration Limited (HAT:TSX-V) is pleased to announce a new discovery of high-grade uranium mineralization approximately 200 metres to the east of the Roughrider Zone on its 90% owned Midwest NorthEast property.

This high-grade uranium mineralization has been identified in the discovery drill hole, MWNE-09-170, the only hole to be drilled into this part of the property to date and is located approximately 170 m northeast of the alteration zone described in Hathor's news release dated August 5, 2009. The closest unconformity pierce points to the mineralization intersected in MWNE-09-170 are approximately 117 m to the west (DDH MWNE-09-135) and 135 m to the south (DDH MWNE-09-165). There are no drill holes to the east or north within 350 m proximity. This NQ-sized drill hole is collared on land, approximately 250 m east of the Roughrider Zone and was drilled at dip of -70� towards 335� (approximately north-northwest).

Similar to the Roughrider Zone, this uranium mineralization is also basement-hosted and shows very high-grade uranium mineralization within a large alteration system. For pictures of this high-grade uranium mineralization, please visit Hathor's website at www.hathor.ca.

Natural gamma radiation from drill core was measured in the field as counts per second (cps) using an Exploranium GR-110G gamma-ray scintillometer data (see table 1). Mineralization (>500 cps) is initially intercepted at 272.5 m (core-length) and is variably present until 333.3 m (estimated vertical depths of 256 and 312 metres respectively). Within this 60.8 m core-length interval, two zones of strong mineralization are noteworthy, 308.0 to 311.7 m and 325.5 to 329.0 m. Both of these intervals measure off-scale scintillometer radiation (>9,999 cps) and contain dark black, uranium mineralization, similar to high-grade intersected in other drill holes within the Roughrider Zone. In addition to these two intervals, smaller intersections of off-scale mineralization are present throughout the mineralized interval (e.g. 299.3 to 299.5, 302.7 to 302.9, 306.5 to 307.0, 324.2 to 324.4, and 329.8 to 330.2 m).

Dr. Alistair McCready, Hathor's Senior Project Geologist, said: "Finding what may be an eastern extension of the Roughrider Zone, or perhaps a second, large high-grade zone, shows that we are executing the right decisions in the exploration of this robust, mineralized system. This new discovery could add very significant uranium resources at Midwest NorthEast."

In drill hole MWNE-09-170, the Athabasca sandstone from 165 m to 220 m is altered (strong bleaching, variable argillization and numerous clay-filled gouges and fault breccias). From 220 m to the unconformity, the sandstone is strongly-altered (very strong bleaching, intense argillization and secondary hematitic alteration). The unconformity is located at approximately 234.35 m depth (estimated vertical depth of 220 m). The basement comprises variably clay altered to clay replaced Wollaston Group rocks (pelitic gneisses and graphitic pelitic gneisses) and Hudsonian pegmatites and leucogranites. The alteration within the basement rocks extends from the unconformity to a depth of approximately 423.0 m core length (vertical depth of around 397 m). This alteration is comparable, if not larger than that encountered within the main Roughrider Zone.

Samples will be analyzed for U3O8 at the Geoanalytical Laboratories of the Saskatchewan Research Council (SRC), which operates in accordance with ISO/IEC 17025:2005 (CAN-P-4E)-accredited U3O8 methods. All samples will be analyzed for a suite of other base metal elements including nickel, cobalt, copper and lead, as well as precious metals including gold, platinum, palladium and rhenium. These results will be released upon receipt of all results. Dry bulk density determinations will also be carried out on the drill core.

Hathor's 90%-owned Midwest NE project is located in northern Saskatchewan's Athabasca Basin immediately adjacent to the Midwest property of AREVA Resources Canada Inc., Denison Mines Corp. and OURD Canada Co. Ltd. Points North Landing, a regional service centre to the region, is located about eight kilometres from Hathor's Midwest NE property and the modern, AREVA-operated McClean Lake uranium mill facilities are located approximately 10 kilometres to the east.

Terra Ventures Inc. owns a 10-per-cent production carried interest in the Midwest NorthEast property.

Benjamin Ainsworth., P.Eng., a qualified person as defined by National Instrument 43-101, has reviewed and approved the technical disclosure contained in this news release.

For more information on Hathor, please visit the company's website: www.hathor.ca or contact Tony Nunziata at 403-560-7040 or J.J. Jennex at 604-684-6707.

Hathor Exploration Limited
Stephen G. Stanley, Director

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.

DDH	From (m)	To (m)	Interval (m)*	Maximum CPS
MWNE-09-170	27.4	272.5	245.1	<500
MWNE-09-170	272.5	273.1	0.6	600
MWNE-09-170	273.1	273.3	0.2	350
MWNE-09-170	273.3	273.8	0.5	700
MWNE-09-170	273.8	285.3	11.5	350
MWNE-09-170	285.3	286.3	1.0	400
MWNE-09-170	286.3	286.5	0.2	1100
MWNE-09-170	286.5	291.5	5.0	400
MWNE-09-170	291.5	292.1	0.6	1000
MWNE-09-170	292.1	292.8	0.7	2000
MWNE-09-170	292.8	293.4	0.6	400
MWNE-09-170	293.4	294.0	0.6	700
MWNE-09-170	294.0	296.4	2.4	400
MWNE-09-170	296.4	296.6	0.2	500
MWNE-09-170	296.6	297.0	0.4	1200
MWNE-09-170	297.0	299.3	2.3	400
MWNE-09-170	299.3	299.5	0.2	>9999
MWNE-09-170	299.5	299.7	0.2	3000
MWNE-09-170	299.7	300.6	0.9	480
MWNE-09-170	300.6	302.7	2.1	480
MWNE-09-170	302.7	302.9	0.2	>9999
MWNE-09-170	302.9	303.1	0.2	2000
MWNE-09-170	303.1	304.4	1.3	480
MWNE-09-170	304.4	304.6	0.2	1100
MWNE-09-170	304.6	304.9	0.3	7000
MWNE-09-170	304.9	305.2	0.3	3000
MWNE-09-170	305.2	306.1	0.9	1100
MWNE-09-170	306.1	306.5	0.4	6500
MWNE-09-170	306.5	307.0	0.5	9999
MWNE-09-170	307.0	307.9	0.9	2500
MWNE-09-170	307.9	308.0	0.1	5000
MWNE-09-170	308.0	311.7	3.7	>9999
MWNE-09-170	311.7	312.0	0.3	1200
MWNE-09-170	312.0	312.4	0.4	850
MWNE-09-170	312.4	322.5	10.1	480
MWNE-09-170	322.5	322.7	0.2	9500
MWNE-09-170	322.7	322.9	0.2	500
MWNE-09-170	322.9	323.4	0.5	1500
MWNE-09-170	323.4	324.0	0.6	450
MWNE-09-170	324.0	324.2	0.2	2500
MWNE-09-170	324.2	324.4	0.2	>9999
MWNE-09-170	324.4	324.7	0.3	1700
MWNE-09-170	324.7	324.8	0.1	2500
MWNE-09-170	324.8	324.9	0.1	1000
MWNE-09-170	324.9	325.0	0.1	>9999
MWNE-09-170	325.0	325.3	0.3	3000
MWNE-09-170	325.3	325.5	0.2	9000
MWNE-09-170	325.5	329.0	3.5	>9999
MWNE-09-170	329.0	329.2	0.2	9000
MWNE-09-170	329.2	329.7	0.5	3000
MWNE-09-170	329.7	329.8	0.1	9100
MWNE-09-170	329.8	330.2	0.4	>9999
MWNE-09-170	330.2	330.5	0.3	2000
MWNE-09-170	330.5	332.8	2.3	400
MWNE-09-170	332.8	333.0	0.2	600
MWNE-09-170	333.0	333.3	0.3	2000
MWNE-09-170	333.3	338.5	5.2	<500

Table 1. Natural gamma emission radiation in MWNE-09-170 measured in counts per second (cps) using an Exploranium GR-110G gamma-ray scintillometer data
* All intersections are down-hole, core-length intervals and true thickness of mineralization is yet to be determined.

You can also view this News Release on our website at:
http://www.hathor.ca/s/NewsReleases.asp?ReportID=362553

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