The 100%-owned Hatchet Lake and North Hatchet projects are located approximately 50 km to the north-northeast of Cameco's basement-hosted Eagle Point Mine; part of their Rabbit Lake operations, which is Saskatchewan's longest-running uranium producer since opening in 1975.
Hathor has completed a high-resolution airborne tri-axial gradiometric magnetometer survey in the area of its Hatchet Lake Property. Results obtained from this survey will help to identify and map favourable structural features (fault zones) and lithostratigraphic units that are key elements in the search for unconformity-related uranium deposits in the Athabasca Basin area of northern Saskatchewan.
In addition, an extensive lake-sediment sampling program has been performed on the Hatchet Lake property and samples have been analysed. Analytical results indicate that certain of the samples contain highly-anomalous uranium values.