Hathor Restarts Drill Program at South Russell Uranium Project, Athabasca Basin
Hathor Exploration
Limited is pleased to announce that it has started its winter drill program on its
South Russell property. Three drill holes were completed prior to the
Christmas break and a further eleven holes are now planned.
The South
Russell property comprises two claims that are 100 per cent owned by Hathor and
six claims that are 90 per cent owned by Hathor, with the balance held by Terra
Ventures Inc. (8 per cent) and Bullion Fund Inc. (2 per cent).
These phase
one holes will test potential uranium-bearing structures, identified by
geophysical surveys completed by Hathor since 2004, that occur in a small area
of the property which is located about 22 kilometres (14 miles) north-northeast
of Cameco Corporation and AREVA Resources Canada Inc.'s formerly producing Key
Lake mine. Between 1983 and 1997, their Key Lake
mine produced over 180 million pounds U3O8.
Additional drill targets are being
developed in other areas of the large, 25,928-hectare (64,069-acre) South
Russell property.
Access to this area is provided by an
all-weather road along which uranium ores from Cameco and AREVA's McArthur River
mine are trucked to their Key
Lake site for processing
of 18.7 million pounds U3O8 annually.
Hathor's geological team will guide the
program and drilling will be performed by Cyr Drilling International Ltd. of Winnipeg, Manitoba.
With capital
resources in excess of Cdn $20 million, Hathor continues to aggressively
advance its portfolio of eleven Athabasca
region uranium exploration projects. This area accounts for approximately 25%
of the world's annual mine production of uranium. All of this production comes
from unconformity-style uranium ore deposits -- the highest-grade uranium ore
deposits in the world.
Benjamin
Ainsworth, P.Eng., a director of the company and a qualified person as defined
by National Instrument 43-101, has reviewed and approved the technical
disclosure contained in this news release.
For more information
on Hathor, please visit the company's website: www.hathor.ca or contact Stephen Stanley at
604-684-6707.
Hathor
Exploration Limited
Stephen G. Stanley,
Director
The
TSX Venture Exchange has not reviewed and does not accept responsibility for
the adequacy or accuracy of the content of this news release.
Cheers,
Natasha
Dutra, Office Manager
Hathor Exploration Limited
Suite 1910 -
925 West Georgia St.
Vancouver, BC V6C 3L2
T 604-684-6707
F 604-684-9277
www.hathor.ca