Hathor Exploration Limited

Hathor Exploration Limited

June 21, 2010 07:00 ET

Hathor Exploration Limited: Summer Exploration Planned at Henday to Follow Up Alteration and Mineralization Outlined during the 2010 Winter Drill Program

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 21, 2010) - Hathor Exploration Limited (TSX VENTURE:HAT) and Forum Uranium Corp. (TSX VENTURE:FDC) announce the summer exploration program approved by the Joint Venture for the Henday Lake project, northeastern Athabasca Basin, Saskatchewan.

Results from the 2010 winter drill program at Henday were positive, as summarized on the Company's website at www.hathor.com. In particular, the zones of alteration, radioactivity and uranium mineralization intersected below the unconformity at Mallen Lake warrant follow up; detailed drilling is anticipated for next winter when the target under Mallen Lake can be fully tested. Prior to that, a surface till sampling program will be carried out this summer over five different grids (Figure 7 on website). This work will focus on key structural targets as defined by multi-disciplinary regional tectonic modeling, and refined by property-scale EM, gravity and resistivity surveys. This work will provide data to further evaluate and prioritize targets for potential first-pass drilling next winter.

Hathor has earned a 40% interest in the Henday property from Forum, and has the option to earn a 60% interest by spending a further $1.5 million in exploration. An additional 10% interest can be earned by taking the project to a bankable feasibility study.

The Henday Joint Venture is currently operated by Forum. Ken Wheatley, P.Geo. (Saskatchewan, Nunavut), Vice President Exploration at Forum, is responsible for the project and is the Qualified Person for Forum.

Alistair McCready, P.Geo., Exploration Manager at Hathor and responsible for all it's exploration in Saskatchewan, is a Qualified Person as defined by National Instrument 43-101 and has reviewed and approved the technical disclosure in this news release.

Stephen G. Stanley, President & CEO
Hathor Exploration Limited

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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.

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  • Hathor Exploration Limited
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    Hathor Exploration Limited
    Kelsea Murray