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Message: Sizing up the Athabasca property

Sizing up the Athabasca property

posted on Mar 07, 2008 02:44PM

Kodiak has total land holdings in the are of approximately 21,230 hectares based on the last news release...

The West Millennium property consists of 10 mineral claims covering 18,027 hectares and is contiguous to additional mineral claims recently staked by Kodiak, covering approximately 3,200 hectares and dubbed the "Big Yellow", bringing the total land holdings to approximately 21,230 hectares.

Hathor Exploration Limited Russell South & Russell Lake Projects in attached Map is about 72,000 hectares. So Kodiak's property is a little less than 1/3 of the size of the Russel Properties on map below and would be a little to the left of that project.

Here is a little on their Russel Project properties

Russell South & Russell Lake Projects
· 40 - 100% interest in a contiguous land package stretching approximately 60 km long and 10 km wide and covering about 71,670 hectares (177,100 acres)

· Bordered to the north by the McArthur River mine property of Cameco and AREVA where proven and probable ore reserves average 24.28% U3O8

· Bordered to the east by Moore Lake property of the new Denison Mines where three drills are on-site

· Bordered to the west by the Wheeler River property of Denison and Cameco where drilling continues · Bordered to the southwest by AREVA and Cameco's formerly producing Key Lake mine · Depth to the Athabasca unconformity ranges from approximately 100 to 575 metres · Exploration work completed by Roughrider includes: o GEOTEM airborne magnetic and EM surveys o high-resolution, 2-D reflection seismic survey o high-resolution, airborne tri-axial gradiometric magnetic surveys o ground gravity survey o lineament Analysis including IKONOS satellite imagery analysis · Drilling planned for 2007

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