Uranium Investing News

Terra Ventures Inc. reports an exploration update on the Midwest NorthEast Uranium property in which Terra owns a 10% production carried interest. 

In a press release dated August 6, 2008, Hathor reports: “Hathor Exploration Limited (TSX VENTURE:HAT - News) is pleased to announce that it has received additional base and precious metals geochemical results for drill core samples from the extensive uranium mineralization intersected in the winter 2008 drill program on its 90%-owned Midwest NorthEast project. This data adds considerable “geological support” for the potential to develop significant unconformity-style uranium resources at the Roughrider Zone. While uranium is by far the most significant economic component of this mineralization the other metal values confirm important characteristics shared with other “supersized” uranium deposits to the south in the Midwest Lake string of deposits.

Hathor’s Senior Project Geologist, Dr. Alistair McCready comments:

“The base and precious metal geochemical results, together with the large-scale, extremely intense alteration that we are seeing in drill core, imply that the uranium-mineralizing event at Roughrider Zone was probably very long-lived with significant fluid flow through the system. This greatly increases the potential for Hathor’s property to contain significant, unconformity-style uranium mineralization at/or above the unconformity; similar to what is seen at AREVA’s polymetallic Midwest A (”Mae”) Zone located 1,800 m to the southwest.”

For full details of this press release, click this link. Uranium Investing News researchers discovered Terra Ventures base metal and gold analysis projects described on their website. Follow developments in uranium mining and exploration for free. Sign on to the Uranium Investing Newsletter.