
| February 08, 2010 Hathor And Forum Commence Drilling At The Henday Project, Athabasca Basin | |
Vancouver - Forum Uranium Corp. (FDC: TSX-V) and Hathor Exploration Limited (HAT: TSX-V) have started their 18-hole diamond drill program on the Henday project in northern Saskatchewan. This C$1.65 million exploration program is operated by Forum and funded by Hathor, according to a Joint Venture Option Agreement executed by the two companies. A ground gravity and electromagnetic geophysical survey has also begun that will be used to identify additional targets for future drilling.
![]() Figure 1: Location Map of the Henday Project. The drill program will be concentrated along a N70 structure in the Mallen Lake area (ellipse in Figure 1) of the property. This area shows several promising gravity lows; similar targeting techniques have been used successfully in identifying Hathor's Roughrider Zone at the Midwest NE property. The 2010 exploration program, upon completion, will bring Hathor's ownership of the project to 40%. Under terms of the Agreement, Hathor must spend $3.5 million in exploration over three years to earn a 60% interest in the project. Ken Wheatley, P.Geo. (Saskatchewan, Nunavut), Vice President, Exploration is the Qualified Person that has reviewed the contents of 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 JJ 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 of this release. | |
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