HATHOR EXPLORATION (V-HAT) $3.26 +0.36
While all eyes are on Egypt and what is developing there
for whatever it may be, maybe finally we will see more democracy
and less corruption in a huge area of the world—or at
least that’s what many people are hoping for. Because of
ongoing Chinese and Indian growth and that ongoing theme,
some commodities such as copper, tin and the like, are doing
better than ever, despite the concerns affecting the middle
Another commodity that’s been soaring of late has been
uranium which had looked as dead as a doorknob for so long.
But as we said, lately it has been soaring. Once again, the
One of the uranium stories we’ve been following closely
and hasn’t quite rewarded us as we might have hoped has a
very extensive program starting shortly on three of their different
Meanwhile today, Fission Energy (FIS) announces some
more good drilling results.
Time to get caught up on Hathor Exploration so we go to
Tony Nunziata, the long-time voice of Hathor for comments
Nunziata writes, “the uranium industry is building momentum
as the U3O8 spot price has climbed to $73.00 a
pound due to a tight supply demand balance through a combination
of supply disruption and strong fuel requirements
for nuclear reactors.
Hathor Exploration is the most active junior in the Athabasca
Basin, which is the premier mining district in the
world for high grade uranium. Drilling is underway on 3 exciting
programs including 3 rigs at our Roughrider project
centered around the east zone which has generated a number
of world class intersections including 64 metres of just
under 8 % U3O8 and 28 metres grading 13% U3O8. The east
zone remains open as step-out drilling is focused to the
substantially altered east trend as well as the restivity anomaly
to the southwest. Hathor is working towards an updated
resource estimate for the east zone in conjunction
with further infill drilling.
We are also drilling the highly prospective Russell property
with a number of key target areas. Rusell is surrounded
by major infrastructure and deposits including
Cameco’s McArthur River and Denison’s Wheeler River
The other drill program comprises 18 holes with Forum, at Henday, just northeast of Roughrider with a number of
enticing east west trends.
Through recent management changes, Hathor has assembled a top notch team of uranium professionals including
Dr. Michael Gunning, President and CEO, who will guide Hathor as a uranium exploration and development company
to the next level.
With an active uranium market the next few months should be interesting for Hathor with a stream of news that will
encompass results, an updated 43-101 and conditional approval for listing on the big board, the TSX.”