With a success rate of over 70% for drilling, results include some of the highest grades of uranium ever reported for Basin mineralization at 84.20% u3o8 – higher than the best reported by Cameco for Cigar Lake & just short of world-record McArthur River grades.
Indicated resources of 6.58 million pounds of u3o8 plus inferred resources of 5.47 million pounds, open to extension at depth and in all directions, means Hathor is well on its way to defining what is likely a world-class u3o8 deposit.
“The mineralization represents a non-traditional, non-conductive target where no airborne EM anomalies are present - a new style of target for the Athabasca Basin. It signifies the need for exploration methodologies to evolve and utilize modern, cutting-edge techniques, such as reflection seismic to find structure – the key to these deposits.”- Alistair McCready, Senior Project Geologist, Hathor Exploration
“The known uranium deposits in the Athabasca Basin are small, extremely high grade bodies occurring at considerable depth. Finding an orebody is analogous to finding the ‘needle in the haystack’. Without conducting a methodical, science-based pre-drilling program, as Hathor has done, the likelihood is that a company could spend its entire exploration budget on drilling and find nothing.”– Stephen Stanley, CEO, Hathor Exploration
Athabasca Uranium Inc. Presentation
Athabasca Uranium Inc. is included in The Energy Report
""I'm interested in companies with assets in the Athabasca Basin. . .I told my readers about the big, safe assets first and looking back, we did a pretty good job, timing wise. Now that we have established the trend, we will start to pick off the best of the exploration plays because I think that that's a good place to make some money over the next year or two. I will definitely look at Athabasca Uranium Inc." View entire article
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Pathway Asset Management Mining Pick Of The Month: Athabasca Uranium Inc. (UAX:TSX.V ) - By Barbara Thomae- Senior Mining Analyst. click here for the article
Streetwise Reports interview with GoldStock Trades editor Jeb Handwerger, "Nuclear Power Is on an Upswing." click here for the article
.....There are other prospects in the Athabasca Basin just beginning to announce new alterations and discoveries. One small explorer that we are closely following is Athabasca Uranium (UAX:TSXV or ATURF:OTC) which stands out as a promising plum. click here to read the article