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Hathor Drills 15.0 Metres Grading 10.02% U3O8

 

 

Hathor Exploration Limited (TSX-V: HAT) is pleased to announce further U3O8 assay results for uranium mineralization encountered in diamond drill holes completed on the Roughrider Zone at the Midwest NorthEast property, northern Saskatchewan.

 

 

Highlights from these newly-reported, high-grade U3O8 assayed core intervals* (using a 0.05% U3O8 cutoff grade) listed in Tables 1 and 2 include:

 

·        15 m grading 10.02% U3O8, including 2 m at 43.85% U3O8, in drill hole MWNE-08-20

 

·        9 m grading 10.06% U3O8, including 3 m at 22.72% U3O8, and

5 m grading 3.58% U3O8, including 1.5 m at 10.85% U3O8, in drill hole MWNE-08-21

 

·        9.5 m grading 2.60% U3O8, including 2 m at 10.39% U3O8, in drill hole MWNE-08-28

                *All intersections are downhole thickness, true thickness is yet to be determined

 

 

This winter, Hathor completed 10,654 metres of diamond drilling in 29 NQ-sized, vertical and angled diamond drill holes on its 90%- owned Midwest NE property. Terra Ventures Inc. (TSX-V: TAS) owns a 10-per-cent production carried interest in the Midwest NorthEast property.

 

 

The Roughrider Zone was discovered in February, 2008 and results for discovery hole MWNE-08-12 were released in Hathor’s news releases dated March 3 and April 25, 2008. For drill hole location map, please visit Hathor’s website at: www.hathor.ca.

 

 

High-grade uranium mineralization encountered in these drill holes occurs in basement rocks that are a heterogeneous mix of variably clay-altered to clay-replaced pelitic gneiss, graphitic pelitic gneiss, granitic pegmatite and microgranite. Vertical depth to the unconformity is approximately 200 metres. It is important to note that that the newest exploration model for Roughrider Zone uranium mineralization indicates that the primary drill target, being where the principal cross-cutting uranium-bearing structures intersect the unconformity, has NOT YET BEEN TESTED. This new target, sits to the northeast of the Roughrider Zone discovery hole and has been defined by detailed resistivity and gravity surveys completed after this year’s drill program.

 

 

A summer drill program comprised of 15 holes is expected to begin in mid-June and will further test the Roughrider Zone and other drill targets on the Midwest NE property.

 

Table 1: Mineralized intersections* from the 2008 winter drill program are:

 

Drill

From

To

Interval

U3O8

Hole

(m)

(m)

(m)

(wt%)

 

 

 

 

 

MWNE-08-12

242.0

245.3

3.3

1.16

MWNE-08-12

250.6

256

5.4

2.07

MWNE-08-12

261.5

273.4

11.9

5.29

MWNE-08-12

278.0

281.0

3.0

0.06

MWNE-08-12

284.0

287.0

3.0

0.21

 

 

 

 

 

MWNE-08-16

216.6

218.8

2.2

0.62

MWNE-08-16

228.2

235.6

7.4

1.55

 

 

 

 

 

MWNE-08-17

219.0

222.5

3.5

0.49

 

 

 

 

 

MWNE-08-18

189.0

192.0

3.0

0.50

MWNE-08-18

205.0

206.0

1.0

0.12

MWNE-08-18

234.3

234.9

0.6

9.55

including

234.5

234.7

0.2

16.20

 

 

 

 

 

MWNE-08-19

240.0

241.0

1.0

0.32

MWNE-08-19

243.9

246.0

2.1

4.11

MWNE-08-19

283.0

285.0

2.0

0.44

 

 

 

 

 

MWNE-08-20

249.5

264.5

15.0

10.02

including

257.0

259.0

2.0

43.85

 

 

 

 

 

MWNE-08-21

241.0

250.0

9.0

10.06

including

245.5

248.5

3.0

22.72

MWNE-08-21

252.5

256.5

4.0

0.86

including

252.5

254.0

1.5

1.87

MWNE-08-21

259.5

264.5

5.0

3.58

including

262.5

264.0

1.5

10.85

 

 

 

 

 

MWNE-08-22

232.0

234.5

2.5

0.27

MWNE-08-22

240.5

241.0

0.5

0.16

MWNE-08-22

242.5

249.0

6.5

2.27

including

244.0

244.5

1.5

6.94

 

 

 

 

 

MWNE-08-23

232.5

233.5

1.0

0.72

MWNE-08-23

236.5

237.5

1.0

0.14

MWNE-08-23

243.5

245.0

1.5

2.48

MWNE-08-23

266.0

266.5

0.5

2.07

MWNE-08-23

279.5

281.5

2.0

0.26

MWNE-08-23

284.5

285.5

1.0

0.36

 

 

 

 

 

MWNE-08-24

253.0

257.0

4.0

1.10

MWNE-08-24

260.0

264.5

4.5

0.64

MWNE-08-24

268.0

271.5

3.5

0.77

MWNE-08-24

324.0

330.0

6.0

0.11

 

 

 

 

 

MWNE-08-26

245.0

246.5

1.5

0.25

MWNE-08-26

248.5

251.0

2.5

1.32

MWNE-08-26

257.0

261.0

4.0

0.41

MWNE-08-26

267.5

271.0

3.5

0.66

 

 

 

 

 

MWNE-08-28

218.0

227.5

9.5

2.60

including

219.5

221.5

2.0

10.39

MWNE-08-28

230.0

230.5

0.5

0.16

MWNE-08-28

241.0

242.0

1.0

0.25

 

*All intersections are downhole thickness, true thickness is yet to be determined.
 
Table 2: Ten highest individual drill core interval U3O8 assay results:
 

Drill

From

To

Interval

U3O8

Hole

(m)

(m)

(m)

(wt%)

MWNE-08-16

229.7

229.9

0.2

21.6

MWNE-08-20

257.0

257.5

0.5

55.8

MWNE-08-20

257.5

258.0

0.5

57.5

MWNE-08-20

258.0

258.5

0.5

44.8

MWNE-08-20

260.5

261.0

0.5

31.6

MWNE-08-20

262.0

262.5

0.5

20.1

MWNE-08-20

262.5

263.0

0.5

24.1

MWNE-08-21

243.5

244.0

0.5

28.1

MWNE-08-21

245.5

246.0

0.5

59.1

MWNE-08-21

246.0

246.5

0.5

42.0

 

Drill holes MWNE-08-13, MWNE-08-15, and MWNE-08-29 were drilled away from the Roughrider Zone and did not intersect uranium mineralization. Drill holes MWNE-08-14, MWNE-08-25, and MWNE-08-27 did not intersect uranium mineralization and are interpreted to either have under-cut or over-cut the mineralized zone. 

 

All samples were analyzed for U3O8 at the Geoanalytical Laboratories of the Saskatchewan Research Council (SRC). The facilities used for the analysis operate in accordance with ISO/IEC 17025:2005 (CAN-P-4E). The samples were analyzed using ISO/IEC 17025:2005-accredited U3O8 method. Laboratory method quality control included the insertion of certified reference materials applicable for the ranges of mineralization encountered. Repeat analyses were performed on every 25th sample. All repeat samples had good reproducibility. All samples are being analyzed for a suite of other elements including nickel, cobalt, copper and lead.

 

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.

 

 

Hathor's Midwest NorthEast project is located in Saskatchewan's Athabasca basin, immediately adjacent to the Midwest property of AREVA Resources Canada Inc., Denison Mines Corp. and OURD Canada Co. Ltd. There, subject to regulatory approvals, mine site construction is slated to begin in mid-2009 and open-pit mining of a shallow (depth of about 200 metres) orebody is planned for early 2010. Points North Landing, a regional service centre to the region, is located about eight kilometres from Hathor's Midwest Northeast property and the modern, AREVA-operated McClean Lake uranium mill facilities, are located approximately 10 kilometres to the east.

 

 

Hathor continues to aggressively advance its portfolio of Athabasca region uranium exploration projects. This area accounts for approximately 25 per cent of the world's annual mine production of uranium. All of this production comes from unconformity-style uranium ore deposits, the highest-grade uranium ore deposits in the world.

 

 

 

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

 

 

Hathor Exploration Limited

Stephen G. Stanley, Director

 

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release

 

 

 

 

Cheers,

 

Natasha Dutra, Office Manager

Hathor Exploration Limited

Suite 1910 - 925 West Georgia St.

Vancouver, BC V6C 3L2

T 604-684-6707

F 604-684-9277

 

www.hathor.ca

 

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Annual reports of Hathor Exploration Limited
2008 Annual Report
Financings of Hathor Exploration Limited
5/28/2009Announces Increase in Size of Bought Deal Flow-Through Share...
5/28/2009Announces $8 Million Bought Deal Flow-Through Share Financin...
11/20/2008News Release, November 20, 2008 - Brokered Private Placement...
11/5/2008News Release, November 4, 2008 - $6,000,000 BROKERED PRIVATE...
9/10/2008September 10, 2008 - HATHOR TRIGGERS EARLY EXPIRY OF WARRANT...
6/12/2008BOUGHT DEAL CLOSES, RAISING GROSS PROCEEDS OF $15,000,000
Option Grants of Hathor Exploration Limited
1/7/2011(angl) Hathor Expl. grants 1.625.000 stock options at 2,71
Project news of Hathor Exploration Limited
11/10/2011Releases New Assay Results for the Far East Zone at Roughrid...
10/27/2011Provides Update on Posting of Circular Documents and Filing...
9/9/2011(Russell Lake)Drilling Underway at Russell Lake
9/6/2011Intersects 42 m of 2.95 % U3O8 at Far East Zone as Roughrid...
4/15/2011(Russell Lake)Provides Update on Russell Lake Project
4/11/2011Continues to Grow Roughrider as Far East Discovery is Expand...
2/24/2011(Midwest Norhteast)Extends Roughrider Uranium Mineralization Eastward
1/12/2011(Henday)Follow Up Winter Drilling Begins at Henday Uranium Project,...
1/18/2011(Russell Lake)Drilling is Underway at Russell
1/18/2011(Russell South)Drilling is Underway at Russell
12/10/2010(Russell Lake)New Uranium Mineralization Confirms Exploration Potential at...
12/8/2010(Midwest Norhteast)Intersects 10.5% U3O8 Over 16.5 m at Roughrider East and the...
9/9/2009(Midwest Norhteast)Discovers High-Grade Uranium Mineralization 200 Metres from ...
8/5/2009(Midwest Norhteast)Summer Drill Program Discovers Two New Alteration Zones at M...
6/25/2009(Midwest Norhteast)Midwest NorthEast Drill Hole #131 Intercepts 13.5 metres of ...
4/15/2009(Midwest Norhteast)Extends Uranium Mineralization at Roughrider Zone, Releases
3/19/2009(Midwest Norhteast)Depth Slices of Uranium Mineralization at Roughrider Zone
2/27/2009(Henday)Options Forum?s Henday Property Northeast of the Roughrider ...
1/20/2009(Midwest Norhteast) Commences Drilling at its Midwest Northeast Project
12/16/2008(Midwest Norhteast) to Have 4 Drills at Midwest NorthEast Uranium Property this
11/4/2008(Midwest Norhteast)News Release (November 4, 2008) - Hathor Drills 23 Metres of...
10/2/2008(Midwest Norhteast)Drills 46 Metres Grading 3.25% U3O8 at Midwest NorthEast Pro...
9/23/2008(Midwest Norhteast)Extends Roughrider Zone Uranium Mineralization a Further 15 ...
8/27/2008(Midwest Norhteast)Drill Core Assays Up To 58.2% U3O8 at Midwest NorthEast Prop...
8/6/2008(Midwest Norhteast)Base metal and gold analysis from winter drill program at Mi...
7/9/2008(Midwest Norhteast)69.2 Metres of Uranium Mineralization in First Hole of Midwe...
7/9/2008Drill Hole Location Map of Roughrider Zone Including Hole 30
5/21/2008(Midwest Norhteast) Drills 15.0 Metres Grading 10.02% U3O8
4/25/2008(Midwest Norhteast)Midwest NorthEast Uranium Project Intercepts 6% Nickel over ...
4/23/2008(Midwest Norhteast)More Encouraging Results from Midwest Nort
3/25/2008(Midwest Norhteast)Six More Drill Holes Intersect Uranium Mineralization at Mid...
3/3/2008(Midwest Norhteast)Midwest NorthEast Project – 11.9 Metres of 5.29 % U3O8
2/26/2008(Midwest Norhteast) Midwest NorthEast Project Update
1/10/2008(Midwest Norhteast)Receives Permits and Secures 2 Drill Rigs for Midwest NorthE...
11/29/2007(Midwest Norhteast)Targets 24 Drill Holes at Midwest Northeast Uranium Project
Corporate news of Hathor Exploration Limited
10/14/2011Letter to Shareholders
9/14/2011Board Unanimously Recommends Shareholders Reject Unsolicited...
9/13/20112011-09-13 News Release
8/29/2011Urges No Action by Shareholders in Response to Cameco Offer
8/5/2011and Terra Ventures Inc. Complete Merger
8/3/2011Shareholders of Terra Ventures Inc. Approve Plan of Arrangem...
7/26/2011intersects 52 m at 2.40 % U3O8, including 9.5 m at 5.61 % U...
5/10/2011Hathor Exploration Limited and Terra Ventures Inc. Execute D...
4/22/2011Hathor Exploration Limited to Acquire Terra Ventures Inc.
4/21/2011Hathor Exploration Limited to Acquire Terra Ventures Inc.
4/20/2011Hathor Exploration Limited to Acquire Terra Ventures Inc.
4/19/2011Hathor Exploration Limited to Acquire Terra Ventures Inc.
4/18/2011to Acquire Terra Ventures Inc.
3/29/2011Receives Conditional Acceptance for TSX Listing
3/19/2011A Note from Hathor's President
1/25/2011Expands Senior Management Team
12/20/2010Launches Media Room on Company Website
7/16/2009Offer for Northern Continental Resources
6/1/2009Forum and Hathor Identify High Priority Drill Targets on Hen...
4/1/2009GROUND GEOPHYSICS UNDERWAY AT THE FORUM/HATHOR HENDAY PROPER...
3/12/2009 Announces Timetable for the Listing of MAX Minerals Ltd.
3/2/2009News Release, March 02, 2009 - HATHOR DRILLS 15 METRES of 12...
10/22/2008Vancouver Presentation
10/16/2008Hathor Exploration Limited News Release, October 16, 2008 - ...
8/25/2008Drills More Off-Scale Uranium Mineralization at Midwest Nort...
7/29/2008Drill Map including July 28 results
7/28/2008Hathor Extends Roughrider Zone
7/24/2008Adopts Shareholder Rights Plan
6/23/2008Commences Drilling at its Midwest NorthEast Project
4/30/2008Gravity & Resistivity Surveys Increase the Size of Roughride...
4/16/2008CLAIM INSPECTION CONFIRMS THAT THE ROUGHRIDER ZONE IS ENTIRE...
1/22/2008 2008 Russell Lake Exploration Program Now Under Way
1/17/2008Restarts Drill Program at South Russell Uranium Project, Ath...
1/3/2008 Extends Offer for Northern Continental Resources shareholde...
12/20/2007Commences French Translation of Offering Circular for Northe...
12/10/2007Responds to Northern Continental Resources Directors’ Circul...
11/26/2007First Drill Results from 2007 Program on Russell Lake Uraniu...
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