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
Email 'Hathor And Forum Commence Drilling At The Henday P...' to a friendShow printable version of 'Hathor And Forum Commence Drilling At The Henday P...' in a New Window
 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.
  • 4,500 meter drill program
  • On trend with Areva's Midwest Lake deposit and Hathor's Roughrider zone
  • Shallow drill targets, average depth of 160 meters
The 7,204 hectare Henday project is located 10 km northeast of Hathor's Midwest NE property, where recent drill results have reported 28 m of 12.71 % U3O8 with assays up to 82 % U3O8 (see Hathor News Release dated Nov. 12th, 2009). The Midwest Lake mine development project owned by AREVA/Denison, (41 million lbs. U3O8 at an average grade of 5.5%) is located just 3 km to the southwest, along strike.


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.
 
 

You can view the Next News Releases item: Thu Feb 25, 2010, Hathor Intersects Off-Scale Radioactivity in Seven Holes at Roughrider Zone East

You can view the Previous News Releases item: Thu Jan 28, 2010, Hathor Commences Drilling at Midwest NorthEast Property

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