Hole 116: 2.5 Metres Grading 70.34% U3O8             Hole 94: 5.5 Metres Grading 12.62% U3O8             Hole 80: 18.5 Metres Grading 3.43% U3O8             Hole 79: 12 Metres Grading 10.18% U3O8             Hole 12: 11.9 metres grading 5.29% U3O8             Hole 19: 2.1 metres grading 4.11% U3O8             Hole 20: 15 metres grading 10.02% U3O8 including 2 metres grading 43.85% U3O8             Hole 21: 9 metres grading 10.06% U3O8 including 3 metres grading 22.72% U3O8             Hole 22: 6.5 metres grading 2.27% U3O8             Hole 28: 9.5 metres grading 2.60% U3O8 including 2 metres at 10.39% U3O8             Hole 30: 69 metres grading 2.33% U3O8             Hole 32: 6.5 metres grading 20.41% U3O8             Hole 37: 18 metres grading 4.15% U3O8             Hole 40: 23 metres grading 11.23% U3O8             Hole 42: 3.5 metres grading 5.92% U3O8             Hole 44: 13.5m grading 2.6% U3O8             Hole 56: 15 metres grading 12.03% U3O8 including 0.5 metres grading 70.7% U3O8             Hole 79: 12 Metres Grading 10.18% U3O8             Hole 80: 18.5 Metres Grading 3.43% U3O8             Hole 94: 5.5 Metres Grading 12.62% U3O8             Hole 116: 2.5 Metres Grading 70.34% U3O8
News
News Releases
2010 News 2009 News 2008 News 2007 News 2006 News 2005 News
Email 'Hathor's Midwest NorthEast Drill Hole # 116 Inters...' to a friendShow printable version of 'Hathor's Midwest NorthEast Drill Hole # 116 Inters...' in a New Window
 June 04, 2009
Hathor's Midwest NorthEast Drill Hole # 116 Intersects 2.5 Metres of 70% U3O8 with Assays up to 84% U3O8
 Hathor Exploration Limited (HAT:TSX-V) is pleased to announce U3O8 assay results for a further 23 drill holes from the 2009 winter drill program on the Roughrider Zone at its 90%-owned Midwest NorthEast property, northern Saskatchewan. Twenty of these drill holes intersected uranium mineralization (using a 0.05 wt% U3O8 cut-off grade) and high-grade highlights of U3O8 assayed core-length intervals* from 7 of these include:

DDH From

(m)		 To

(m)		 Interval*

(m)		 U 3O 8

(wt%)		 GT** Maximum Grade

(U 3O 8 wt%)
             
MWNE-09-116 241.5 254.5 13.0 18.12 235.54 84.20
including 247.5 250.0 2.5 70.34    
             
MWNE-09-110C 237.0 253.0 16.0 4.96 79.35 34.10
including 247.5 252.0 4.5 16.13    
             
MWNE-09-88 237.0 247.0 10.0 5.68 56.83 24.60
including 241.0 243.5 2.5 19.30    
             
MWNE-09-102 241.0 253.0 12.0 4.91 58.89 22.30
including 244.5 251.0 6.5 8.03    
             
MWNE-09-113 230.5 249.5 19.0 2.49 47.22 22.40
including 242.5 244.0 1.5 7.12    
MWNE-09-113 255.0 260.0 5.0 0.59 2.95 0.93
MWNE-09-113 262.5 265.0 2.5 6.64 16.60 31.70
including 263.0 263.5 0.5 31.70    
             
MWNE-09-89 231.5 244.5 13.0 2.63 34.24 33.80
including 235.0 236.5 1.5 16.88    
             
MWNE-09-115 210.0 219.5 9.5 0.60 5.71 2.28
including 212.0 213.5 1.5 1.52    
MWNE-09-115 222.5 228.5 6.0 4.42 26.54 12.70
including 222.5 225.0 2.5 7.53    
* All intersections are down-hole, core-length intervals and true thickness of mineralization is yet to be determined.
** "GT" or "Grade x Thickness" is the product of the Interval and the U3O8 Mineralized Grade for that Interval

The maximum grade intersected in the drill holes reported here is 84.20 wt% U3O8 over 0.50 m. Two repeat analyses of this interval returned values of 84.3 and 84.70 wt% U3O8. Dr. Alistair McCready, Hathor's Senior Project Geologist, said: "We knew that drill hole 116 was going to be impressive from the visual examination, the down hole gamma survey and the high density measurements of core samples (up to 7.6 g/cc). We were, however, not expecting it to return some of the highest grades of uranium ever reported for Athabasca Basin mineralization. This further confirms that the Roughrider Zone may represent the best ever discovery by a junior in the Athabasca Basin."

The other 13 drill holes contained uranium mineralization ranging from 0.39% U3O8 over 3.15 metres to 5.22% U3O8 over 1.5 metres. Three drill holes were not mineralized.

During the winter, Hathor completed 30,711 metres of diamond drilling in 89 drill holes from the ice of South McMahon Lake. A full listing of U3O8 assay results, detailed drill collar information (for the entire winter's drilling), select pictures of altered and uranium-mineralized drill core and scintillometer results (cps values) are available on Hathor's website: www.hathor.ca. The cps values reported on drill core stilled to be assayed, from holes on the southwest and northeast sides of the mineralized zone, indicate that the mineralization is open to further extensions along strike.

The successful 2009 winter drill program has:
  • Demonstrated good continuity of the Roughrider Zone mineralization
  • Identified significant strike and width extensions of the original Roughrider Zone
  • Demonstrated that the Roughrider Zone remains open in all dimensions
  • Discovered zones of high radioactivity at (+/- 5m) the unconformity
  • Intersected the highest grade assays reported from the project to date, in southwest step-out hole DDH MWNE-09-116, which falls slightly short of the record grades from the McArthur River mine, but higher than the best assays reported from the Cigar Lake mine.
  • Provided evidence for new basement-hosted zones
A summer drill program is planned to commence shortly, utilizing both barge-based and a land-based drill rigs. These will be used to: further test for strike-length extensions and for potential sandstone-hosted mineralization occurring above the basal unconformity; continue in-fill drilling; and provide material for detailed metallurgical testing. Hathor is fully-funded to carry out this summer work and will be releasing assay data from the remaining drill holes of the winter campaign as they are received and verified.

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 20th sample. All repeat samples had good reproducibility, including those in the very high grade assay ranges. The very high grade samples were subjected to multiple check analyses. All samples are being analyzed for a suite of other elements including nickel, cobalt, copper and lead.

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.


Click to enlarge
 
 

You can view the Next News Releases item: Thu Jun 11, 2009, Bought Deal Flow-Through Share Financing Closes Raising Gross Proceeds of $12,000,000

You can view the Previous News Releases item: Mon Jun 1, 2009, Forum and Hathor Identify High Priority Drill Targets on Henday Project

You can return to the main News Releases page, or press the Back button on your browser.