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Terra Ventures: Hathor Drills 5.5 Metres of 12.6% U3O8 at the Unconformity and Intercepts Up to 68.1% U3O8 in New Basement Zone at Roughrider
Terra Ventures: Hathor Drills 5.5 Metres of 12.6% U3O8 at the Unconformity and Intercepts Up to 6...
About this update from Green Shift Commodities Ltd
[{"type":"text","content":"\nTerra Ventures: Hathor Drills 5.5 Metres of 12.6% U3O8 at the Unconformity and Intercepts Up to 68.1% U3O8 in New Basement Zone at Roughrider\n\n\n Apr. 30, 2009 (Baystreet.ca) -- VANCOUVER, BRITISH COLUMBIA -- Terra Ventures Inc. (TSX VENTURE:TAS) is pleased to provide an update on the Midwest NorthEast Uranium property in which Terra owns a 10% production carried interest. In a press release dated April 30, 2009, Hathor reported: \"Hathor Exploration Limited (TSX VENTURE:HAT) is pleased to announce U3O8 assay results for a further ten drill holes from the 2009 winter drill program on the Roughrider Zone at its 90%-owned Midwest NorthEast property, northern Saskatchewan.\n\nEight of the ten holes intercepted uranium mineralization. High-grade highlights of U3O8 assayed core-length intervals(i) (using a 0.05% U3O8 cut-off grade) from four of these eight drill holes include: \nDrill hole MWNE-09-91 (angled hole): \n- 18 metres grading 2.19% U3O8 from 233.5 to 251.5 m core-length in the basement \nDrill hole MWNE-09-94 (vertical hole): \n- 5.5 metres grading 12.62% U3O8 from 205.0 to 210.5 m core-length at the unconformity, including: \n-- 3.0 metres grading 22.78% U3O8 from 206.5 to 209.5 m core-length \n- 2.5 metres grading 26.40% U3O8 from 260.0 to 262.5 m core-length in the basement, including: \n-- 0.5 metres grading 68.10% U3O8 from 261.0 to 261.5 m core-length \nDrill hole MWNE-09-97 (vertical hole): \n- 7.0 metres grading 2.83% U3O8 from 209.5 to 216.5 m core-length at the unconformity, including: \n-- 2.0 metres grading 8.16% U3O8 from 210.5 to 212.5 m core-length \nDrill hole MWNE-09-101 (vertical hole): \n- 3.5 metres grading 3.82% U3O8 from 211.0 to 214.5 m core-length at the unconformity, including: \n-- 1.5 metres grading 7.83% U3O8 from 212.0 to 213.5 m core-length; and \n- 3.5 metres grading 16.98% U3O8 from 217.5 to 221.0 m core-length in the basement \n(i) All intersections are down-hole, core-length intervals and true thickness of mineralization is yet to be determined. \nDr. Alistair McCready, Hathor's Senior Project Geologist, said: \"In drill hole 09-94, we are very pleased to see not only high-grade uranium mineralization occurring at the unconformity, which bodes well for finding more high-grade, sandstone-hosted uranium mineralization at and above the unconformity, but also the presence of a new basement...