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Hathor Intersects 52 m at 2.40% U3O8

Investing News Network
Jul. 26, 2011 04:20PM PST
Company News

Hathor Exploration Limited (TSE:HAT) reports assay results from drill hole MWNE-11-700, the first complete set of drill hole assays received from the ongoing 2011 summer drill program at its Roughrider project in the Athabasca Basin, Saskatchewan.

Hathor Exploration Limited (TSX:HAT) reports assay results from drill hole MWNE-11-700, the first complete set of drill hole assays received from the ongoing 2011 summer drill program at its Roughrider project in the Athabasca Basin, Saskatchewan.

The press release is quoted as saying:

Based on the success of drilling to date, the program, originally planned for 7,500 m to be completed over six weeks, has been extended to target 10,000 metres and is anticipated to be completed by early August.Drill hole MWNE-11-700 has intersected significant new uranium mineralization at Far East. The main intersection composites 51.5 m at 2.4% U3O8, comprising three lenses of mineralization separated by two narrow zones of altered but unmineralized rock.

Hathor’s VP of Exploration, Alistair McCready says:

“It is worth remembering the grade-thickness number for this hole is of the same calibre as drill hole MWNE-08-12, the discovery hole at West Zone in 2008. Some two and a half years after the discovery hole, the Roughrider deposit continues to produce evidence for a large and vigorous hydrothermal system.”

Click here to access the entire news release.

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