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The Midwest NE property is Hathor's most advanced project. The focus of the current exploration programs is the Roughrider Zone where significant drill results have been encountered (see the Related Items section).
As of November 5, 2009, the Roughrider Zone contained a NI 43-101 compliant indicated resource of 6.58 million pounds U
3O
8 and an inferred resource of 5.47 million pounds U
3O
8.
See Resource Estimate
The property is 90% owned by Hathor and totals 502 hectares (1,240 acres). The property is located approximately 4 km to the northeast of the Midwest uranium orebody owned by AREVA, Denison Mines Inc. and OURD Canada Co. Ltd. The Midwest orebody contains 41.7 million pounds of uranium oxide at a grade of 5.47% U
3O
8 in addition to 4.37% nickel and 0.33% cobalt.
Hathor's Midwest NorthEast project is also located only 900 metres to the northeast of the Midwest property Mae Zone discovery which contains an additional 19.5 million pounds of U
3O
8 at a grade of 1.57% U
3O
8.