Hathor Exploration Limited

Hathor Exploration Limited

August 21, 2007 09:55 ET

Hathor Starts 2007 Exploration Program at Eskay Creek

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 21, 2007) - Hathor Exploration Limited (TSX VENTURE:HAT) announces that it has commenced a helicopter-borne geophysical survey over that portion of its 100%-owned Eskay Creek gold/silver/base metals project that was not covered during the 2006 summer exploration program.

Fugro Airborne Surveys have been contracted to conduct this electromagnetic/ magnetic/radiometric survey. Fugro are recognized worldwide as leaders in the development and implementation of airborne geophysical survey techniques and processing.

Hathor has assembled more than 20 unique precious and base metals projects that comprise one of the largest strategic land positions (approx. 300,000 acres) covering prospective geology of the Eskay Creek Mining Camp. The results of the current survey will be included in a NI 43-101 report to be prepared for a new, publicly-traded company to which the Eskay Project will be transferred. Please refer to Hathor's new release dated June 19, 2007 for details. To permit full and current disclosure of the Eskay Creek Project to shareholders, it is anticipated that the plan of arrangement will be presented to the shareholders at a special meeting to be held in the fall.

The Eskay Creek Mining Camp hosts Barrick Gold Corporation's Eskay Creek gold mine, one of the lowest-cost gold producers in the world. Since the inception of production in 1995 to the end of 2006, this mine has produced about 2.8 million ounces of gold and 135 million ounces of silver from 2.01 million tonnes of ore grading 53.4 g (1.72 oz.) gold and 2,530 g (81.3 oz.) silver.

With capital resources in excess of Cdn $20 million, Hathor continues to aggressively advance its portfolio of exploration projects, primarily in the Athabasca area of mining-friendly Saskatchewan and Alberta; the world's premier region for high-grade uranium deposits. For more information on Hathor please visit the company's website: www.hathor.ca.

Hathor Exploration Limited

Stephen G. Stanley, Director

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Contact Information

  • Hathor Exploration Limited
    Stephen Stanley
    (604) 684-6707
    (604) 684-9277 (FAX)
    Website: www.hathor.ca