Hathor said that drilling of three rigs has begun on the Midwest Northeast Property. Out of the three on-site rigs, two are turning, with the third, on barge.
The barge rig will continue delineation drilling on the Roughrider deposit, and complete several reconnaissance holes in the gap between it and Roughrider East.
One rig will complete infill drilling at the recently discovered Roughrider East Deposit, and test for extensions to the east. The third rig will test the resistivity anomaly running southwestward from Roughrider East, along the Midwest Trend.
The three-month program will end in late September, as dictated by environmental conditions. The summer program is budgeted at approximately $6m.
Terra Ventures owns a qualified 10% interest in the Midwest Northeast property, carried until a production decision is made based on a feasibility study.
