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Abstract
The first interval of elevated radioactivity measured from drill core is at 242.5m (1000 to 3000 cps) and increased radioactivity continues throughout the drill core until 273.3m. However, the amount of radioactivity over this interval is highly-variable. It can be summarized as a zone of approximately 30 metres of elevated radioactivity (1000-1500 cps) with discreet zones of highly-radioactive (5000 cps to greater than 9999 cps (off-scale)) intervals including 244-245.5m; 252-255.8m; 262.4-264.1m; 265.4-270m; and 271-273.3m. The zone also contains intervals of background radioactivity (200-500cps) from 245.5-252m and 255.8-261m. The geology of the mineralized interval comprises extremely-clay altered to clay replaced graphitic pelitic gneiss, pelitic to psammopelitic gneiss, and leucogranite. Hole MWNE-08-12 ended at 331m.
Hathor's 90%-owned Midwest NE project is located in northern Saskatchewan's Athabasca Basin immediately adjacent to the Midwest property of AREVA Resources Canada Inc., Denison Mines Corp. and OURD Canada Co. Ltd. There, subject to regulatory approvals, mine site construction is slated to begin in mid-2009 and open-pit mining of a shallow (depth of about 200 metres) orebody that grades 5.47 per cent U3O8, 4.37 per cent nickel and 0.33 per cent cobalt is planned for early 2010. Points North Landing, a regional service centre to the region, is located about eight kilometres from Hathor's Midwest NE property and the modern, AREVA-operated McClean Lake uranium mill facilities are located approximately 10 kilometres to the east.