Hole 116: 2.5 Metres Grading 70.34% U3O8 / #10-200: 22.5 Metres Grading 11.3% U3O8 / #30: 69 metres grading 2.33% U3O8 / #10-188B: 7.5 metres grading 29.98% U3O8

ATHABASCA BASIN: WHERE GRADE IS KING!

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Message: Brent Cook article

Brent Cook article

posted on Jan 29, 2009 03:53AM

http://seekingalpha.com/article/1170...



TGR: Brent, are there any other companies you’re following that have some interesting stories that you can share with our readers?

BC: Hathor Exploration Ltd. (TSX.V:HAT) is interesting. I’ve been following Hathor for quite a while. That’s a company with a uranium discovery up in the Athabasca Basin of Canada. This is the richest uranium province in the world and last year they pulled some incredible drill holes at this little project called the Roughrider Zone. So I’m following that, have been for a while, and I’m favorably disposed towards it, although the stock has come up in price.

They certainly have some sort of deposit there. These deposits are very small and complex, so it’s difficult to put together a resource, but I suspect there is one there. And right now they have four rigs on the property drilling off, infilling drilling, and drilling some extensions and geophysical anomalies. If they hit the geophysical anomalies, this is very significant. We’ve got two companies up there with uranium mills, AREVA (CEI:FP) and Cameco Corp. (TSX:CCO). Both of them are desperate for ore.

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