- Published: 12 November 2009
- Written by Editor
Hathor Intersects 28 m of 12.71% U3O8 with Assays Up To 82% U3O8 Located 200 Metres from Roughrider Zone
Hathor Exploration Limited (HAT: TSX-V) is pleased to announce U3O8 results from the 2009 summer drill program, including the newly-discovered mineralization located 200 metres away from the current resource estimate, at its 90%-owned Midwest NorthEast property, northern Saskatchewan. Of particular significance are results from drill hole MWNE-09-170, which intersected high grade mineralization approximately 200 m northeastwards from the Roughrider Zone (RRZ), as defined by the resource estimate (see Hathor news release of 5th November 2009). The high-grade uranium mineralization in this drill hole occurs within a broader (135.5 m) mineralized core intersection. It comprises two distinct high-grade core intersection intervals of 10.0 m and 8.0 m of 13.44% and 27.66% U3O8 respectively (Table 1), separated by a 10.0 m core intersection with an average of grade of less than 0.05% U3O8 (cut-off grade).
Table 1. Summary assay data for high grade mineralization in drill hole
MWNE-09-170
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Max.
From To Interval Grade Grade GT
DDH (m) (m) (m) (U3O8 %) (U3O8 %) (ii)
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MWNE-09-170 302.5 312.5 10.0 13.44 55.30 134.44
Includes 309.5 311.5 2.0 44.03
MWNE-09-170 322.5 330.5 8.0 27.66 81.90 221.25
Includes 326.5 329 2.5 71.56
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(i) All intersections are down-hole, core-length intervals and true
thickness of mineralization is yet to be determined.
(ii) "GT" or "Grade x Thickness" is the product of the Interval and the
U3O8 Mineralized Grade for that Interval.
Dr. Alistair McCready, Hathor's Senior Project Geologist, said: "It's exceptionally encouraging to see DDH #170, effectively a 200 metre step-out from the Roughrider Zone, return such high-grade results. The assay interval grading about 82% U3O8 is second only to the 84% U3O8 in DDH #116, which is collared about 450 metres away from DDH #170. There is a world of opportunity to find more high-grade mineralization, both between these holes and extending outward from them, and from the recently-completed resource study, we know that high-grade can most certainly add a lot of uranium pounds with very little tonnage increases."
Eighteen of the drill holes reported here, from the currently defined RRZ area, intersected uranium mineralization (using a 0.05 wt% U3O8 cut-off grade). Highlights of U3O8 assayed core-length intervals(i) from eight of these are shown in Table 2. The other ten drill holes contain uranium mineralization ranging from 0.07% U3O8 over 0.5 metres to 0.90% U3O8 over 9.0 metres. It is important to note that the majority of the non-mineralized drill holes do not intersect the current resource estimate nor are they located within the target areas identified for further drilling this winter. Two drill holes (MWNE-09-171 and MWNE-09-172), although well-mineralized, were metallurgical test holes and do not yet have reported assays.
Of the thirty-one drill holes outside of the resource estimate, six of these were reconnaissance drill holes that intersected typical mineralization-related alteration that led to the discovery of MWNE-09-170. Five drill holes were part of the reconnaissance program in which similar alteration is drill defined a further 1,000 m northeast of the MWNE 09-170. The alteration envelope has potential to continue from the western limits of the claim boundary to beyond these most northeasterly drill intersections of alteration with mineralization, a distance of over 1500 meters. These drill holes are currently being analysed by ICP-ES methods for a large suite of elements, including uranium by partial and total digestion, and uranium pathfinder elements. These results will be used to help target further drilling, especially in areas where alteration was intersected in either the basement or sandstone rocks. For a complete list of drill hole assay intervals and photo including assay grades of DDH #170 please visit Hathor's website.
Table 2. Summary assay data for mineralization within the RRZ vicinity.
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Max.
From To Interval Grade Grade GT
DDH (m) (m) (m) (U3O8 %) (U3O8 %) (ii)
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MWNE-09-133 363.0 369.0 6.0 11.25 54.70 67.51
MWNE-09-137 360.0 363.5 3.5 13.58 39.50 47.54
MWNE-09-139 216.0 221.0 5.0 2.30 19.20 11.49
MWNE-09-168 213.5 235.5 22.0 0.48 2.96 10.51
MWNE-09-166 216.0 223.5 7.5 0.74 1.63 5.55
MWNE-09-166 231.5 236.0 4.5 0.73 3.73 3.29
MWNE-09-161C 243.5 246.0 2.5 0.72 2.48 1.80
MWNE-09-169 218.5 222.5 4.0 0.37 2.16 1.48
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(i) All intersections are down-hole, core-length intervals and true
thickness of mineralization is yet to be determined.
(ii) "GT" or "Grade x Thickness" is the product of the Interval and the
U3O8 Mineralized Grade for that Interval.
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 repeat samples and certified reference materials applicable for the ranges of mineralization encountered. Additional repeat analyses were performed on every 20th sample. All repeat samples had good reproducibility, including those in the very high- grade assay ranges. All samples are being analyzed for a suite of other elements including nickel, cobalt, copper and lead. Select samples are being analyzed for gold, platinum and palladium. These results will be released upon receipt of all results.
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.
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.
Contacts: Hathor Exploration Limited Tony Nunziata 403-560-7040 Hathor Exploration Limited J.J. Jennex 604-684-6707 www.hathor.ca
SOURCE: Hathor Exploration Limited
http://www.hathor.ca
