SASKATCHEWAN - HATHOR EXPLORATION of Vancouver reports drilling 15 metres grading 10.02% U3O8 from the Roughrider zone at its Midwest Northeast property, only 4 km from the producing Midwest mine. Included in the intersection from hole 08-20 was a 2-metre section at 43.85% U3O8.
Nor was this the only promising hole. No.08-21 retuned 9.0 metres grading 10.05% U3O8 including 3.0 metres at 22.72% and another intersection of 5.0 metres at 3.58% including 1.5 metres at 10.85%. Another hole, 08-28, returned 9.5 metres grading 2.60% U3O8 including 2.0 metres at 10.39%. True thickness has yet to be determined; a cutoff of 0.05% U3O8 was applied.
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. Hathor noted that the newest exploration model for the Roughrider zone indicates that the primary drill target, where the principal cross-cutting uranium-bearing structures intersect the unconformity, has not yet been tested. This new target lies 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.
Additional details are posted at www.Hathor.ca. The Midwest Northeast project is a venture of Hathor (90%) and Vancouver's TERRA VENTURES (10%).
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