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    Hathor Upgrades Mineral Resource Estimate for Roughrider Uranium Deposit

    Investing News Network
    Nov. 30, 2010 06:26AM PST
    Company News

    Hathor Exploration Limited (CVE:HAT) reports the updated and upgraded mineral resource estimate for the Roughrider uranium deposit, Athabasca Basin, Saskatchewan.

    Hathor Exploration Limited (TSXV:HAT) reports the updated and upgraded mineral resource estimate for the Roughrider uranium deposit, Athabasca Basin, Saskatchewan. 

    The press release is quoted as saying:

    The estimation strategy for the Roughrider deposit consists of estimating U3O8 and other elements, and specific gravity into a block model informed from composited data and constrained by fifteen resource domains. Uranium oxide (U3O8) grades were estimated using three estimation runs. The first estimation run is based on a search ellipse with ranges equal to the largest variogram model structure the second run consists of a search ellipse range equal to twice the variogram range. The third estimation ellipse consist of a search ellipse generally three times the search ellipse range. The bulk of blocks are estimated in the first run. Second and third estimation runs adds only about 18 and 9% more material, respectively.

    Click here to access the entire news release.

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