Drilling will commence on the Mallen Lake zone, where a large alteration system extending well into the overlying sandstones and down into the basement rocks was discovered in the 2010 drill season.
Several drillholes intersected uranium mineralization, with 0.5m at 723ppm U in RL-66 and 0.5m of 1610ppm U in RL-68, both within basement lithologies.
Clean geochemistry returned from this zone suggests that the uranium mineralization is basement hosted.
Hathor Exploration currently holds a 40% interest in the Henday project with Forum as operator.
The funding of this drill program by Hathor will complete Hathor’s option to earn a 60% interest in the Henday project and a joint venture will be formed with Forum holding a 40% interest.
