Hathor Exploration (TSX:HAT) Announces First Mineral Resource Estimate for East Zone - Doubling Size of Uranium Deposit - Video Summary Posted on InvestmentPitch.com
(Thomson Reuters ONE) -
Vancouver, British Columbia, May 17, 2011 - Hathor Exploration (TSX:HAT)
announced the first mineral resource estimate for the East Zone of its
Roughrider Uranium Deposit located in the Athabasca Basin, Saskatchewan.
This new estimate identifies 30 million pounds grading 11.58% U3O8, and doubles
the overall size of the Roughrider deposit, as currently defined.
Investmentpitch.com has produced a "video news alert" based on this information.
If this link is not enabled, please visit www.investmentpitch.com and enter
"Roughrider" in the search box.
The Mineral Resource Statement for Roughrider East Zone was constructed by SRK
Consulting (Canada) Inc. A completed technical report prepared following
Canadian Securities Administrators' National Instrument 43-101 will be available
on SEDAR within 45 days.
The boundaries for uranium mineralization were modelled by SRK based on Hathor
sectional interpretations for seven high grade zones and wireframe grade shells
generated with Leapfrog software by SRK. The Leapfrog grade shells where
generated using a 0.5 % U3O8 threshold. SRK used both the Hathor interpretation
and Leapfrog shells to generate a wireframe outline of uranium mineralization
(>0.5 % U3O8). All interpreted sections strings were snapped to drill hole
intersections where possible.
The database used to evaluate mineral resources for the Roughrider East Zone
consists of twenty-one diamond drill holes completed between September 2009 and
September 2010. The database comprises approximately 368 sample intervals
assayed for U3O8 and other metals (including arsenic, cobalt, copper,
molybdenum, nickel and selenium), and forty-six specific gravity measurements.
Their East Zone is in the middle of four zones currently identified at the
Roughrider Uranium Deposit, and is positioned along strike but slightly deeper
than the West Zone.
Dundee Capital Markets analyst, David Talbot, continues to recommend Hathor as a
buy, recently increasing his 12 month price target to $5.10, more than double
the current price of $2.44, which is up 5% from yesterday's close.
Hathor's President & CEO, Dr Mike Gunning was interviewed on Business News
Network TV this morning, and can be viewed on www.BNN.ca.
For additional insight on the company, Investmentpitch.com recently filmed
Hathor's presentation at the Chicago Resource Expo. That video is available on
our site.
To read the full version of today's news release, or for 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
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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
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Datum: 18.05.2011 - 01:40 Uhr
Sprache: Deutsch
News-ID 54759
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Kategorie:
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