Hathor Exploration (TSX:HAT) Announces Final Assays from the 2011 Winter Drill Program - Video Summary Posted on InvestmentPitch.com
(Thomson Reuters ONE) -
Vancouver, British Columbia, May 13, 2011 - Hathor Exploration (TSX:HAT)
announced the final assay results from the 2011 winter drill program.
Hathor is a junior uranium company with its main exploration properties located
within the eastern corridor of the Athabasca Basin which hosts all of Canada's
producing uranium mines and accounts for approximately 23% of global uranium
production.
To view the "video news alert" for Hathor Exploration, please click here. If
this link is not enabled, please visit www.investmentpitch.com and enter
"Hathor" in the search box.
A total of 19,244 metres were completed in 49 drill holes during the winter
program at their Roughrider deposit in Saskatchewan. Seventeen of these were
completed at Far East for a total of 7,587 metres.
Hather was excited to report that 15 of these 17 holes intersected uranium
mineralization over significant widths.
Some of the key attributes reported from results from the Far East Zone drill
program included:
* Mineralization is continuous for 40 metres along strike in a north easterly
direction
* The mineral zone is thick, with 6 oblique intersections of greater that 30
metres in core length
* The mineralization is mono-metallic, with very low base metal contents and
extremely low contents of arsenic and selenium, both of which are not wanted
when mining uranium.
With the company reporting that mineralization at Far East is open to the east
and to the south, which represents significant upside to the overall resource
potential of the Roughrider uranium deposit, they are anxious to get their
summer drill program started, which will focus on this area.
Hathor hopes to get assays from this new drill program by the end of August,
which would allow the company to produce an initial resource model.
In April, Dundee Capital Markets analyst, David Talbot, reported that he
continues to recommend Hathor as a buy, and gave the company a 12 month price
target of $4.75, more than double today's price of $2.27.
Investmentpitch.com recently filmed a presentation by Hathor's President and
CEO, Dr. Mike Gunning, at the Chicago Resource Expo. This video is also
available on InvestmentPitch.com.
For a more information on Hathor Exploration please visit their website at
www.hathor.ca. The company's media and investor relations are handled by Kelsea
Murray. She can be reached at 604-684-6707 or by email at kmurray(at)hathor.ca.
CONTACT:
InvestmentPitch.com
Barry Morgan, CFO
BMorgan(at)investmentpitch.com
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: InvestmentPitch via Thomson Reuters ONE
[HUG#1515907]
Unternehmensinformation / Kurzprofil:
Datum: 13.05.2011 - 17:01 Uhr
Sprache: Deutsch
News-ID 54656
Anzahl Zeichen: 3412
contact information:
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 211 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Hathor Exploration (TSX:HAT) Announces Final Assays from the 2011 Winter Drill Program - Video Summary Posted on InvestmentPitch.com"
steht unter der journalistisch-redaktionellen Verantwortung von
InvestmentPitch (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
