Hathor Exploration Limited
TSX VENTURE : HAT

Hathor Exploration Limited

July 13, 2010 07:30 ET

Hathor Commences Three Rig Drill Program at its Roughrider Uranium Deposit

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 13, 2010) - Hathor Exploration Limited (TSX VENTURE:HAT) is pleased to provide an update of its current exploration plans for the Athabasca Basin, the premier exploration district in the world for high grade uranium deposits.

Drilling has commenced on the Midwest Northeast Property. Three rigs are on site; two are turning, with the third, on barge, slated to start on July 16th, as per DFO regulations. Figure 1 (http://media3.marketwire.com/docs/hat712.pdf) highlights where the drilling will focus this summer. The barge rig will continue delineation drilling on the Roughrider deposit, and complete several reconnaissance holes in "the gap" between it and Roughrider East. One rig will complete infill drilling at the recently discovered Roughrider East Deposit, and test for extensions to the east. The third rig will test the resistivity anomaly running southwestward from Roughrider East, along the Midwest Trend, as shown in Figure 6 on the previous News Release dated 29 June 2010. 

The three month program will end in late September, as dictated by environmental conditions. The summer program is budgeted at approximately $6 million.

Terra Ventures Inc. owns a qualified 10 per cent interest in the Midwest Northeast property, carried until a production decision is made based on a feasibility study.

Alistair McCready, Ph.D., P.Geo., Hathor's Exploration Manager with responsibility for all of Hathor's exploration in Saskatchewan, and Michael Gunning, Ph.D., P.Geo, Hathor's Chief Operating Officer, are Qualified Persons as defined by National Instrument 43-101 and have reviewed and approved the technical disclosure contained in this news release.

Please visit the company's website at www.hathor.ca to view up-to-date information on all of its exploration properties. 

Stephen G. Stanley, President & CEO
Hathor Exploration Limited

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.

Contact Information

  • Hathor Exploration Limited
    Tony Nunziata
    403-560-7040
    or
    Hathor Exploration Limited
    Kelsea Murray
    604-684-6707
    www.hathor.ca