| Type | Public company (TSX: HAT) |
|---|---|
| Industry | Mining, Energy |
| Headquarters | Vancouver, British Columbia |
| Key people | Mike Gunning (President & CEO) James P. Malone Jay Fredericks Alistair McCready |
| Website | http://www.hathor.ca/ |
Hathor Exploration Limited (TSX: HAT) is a junior uranium exploration company based in Vancouver, British Columbia, Canada, with an exploration office in Saskatoon, Saskatchewan, Canada. The main focus of Hathor's exploration projects are concentrated on properties within the Athabasca Basin of Northern Saskatchewan, Canada.[1]
In 2009, Hathor Exploration was reported as having the sixth most significant exploration project in Saskatchewan (based on expenditures) and the 51st out of 100 in Canada at their Midwest NorthEast property in the Athabasca Basin, by Natural Resources Canada.[2]
The name Hathor Exploration Limited is inspired by the ancient Egyptian goddess, who besides being one of the most important and popular deities throughout the history of Ancient Egypt,[3] was also the patron goddess of miners in ancient Egyptian culture.[4]
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On June 28, 1996 a new company was formed under the Company Act of Alberta, at the time known by the name of Longview Minerals Ltd. Following its inception, the company then moved out of Alberta and was renamed pursuant to the Canada Business Corporations Act under the name of Sixgill Minerals Ltd. on September 26, 1996. Then on May 28, 1997 the company went through one final evolutionary step by changing its name to Hathor Exploration Limited which it has continued operating under to this day.[5][6]
In 2006 Hathor Exploration completed the acquisition of Roughrider Uranium Corp. which lead to the discovery of the Roughrider Deposit of the Midwest NorthEast property, and then in 2009 acquired Northern Continental Resources Inc.[7] giving the company full control of the previously joint ventured properties of the Russell Lake Project.
Saskatchewan (Athabasca Basin)
Hathor's most prospective properties are located along the eastern border of the Athabasca Basin within the Wollaston Domain geological trend. Currently the most viable of the company's many properties are the assets attributed to the Midwest NorthEast Project and the Roughrider Deposit's multiple zones of uranium mineralization. The Roughrider Deposit's West Zone was discovered in February 2008[1] with drill hole MWNE-08-12 which showed concentrations of up to 5.29% U3O8 over 3.3m.[8]
As of May 17, 2011, the Roughrider Deposit contained a NI 43–101 compliant combined resource (indicated and inferred) of 57.94 million pounds U3O8 (Resource estimates prepared by SRK Consulting (Canada) Inc., a division of SRK Consulting),[9][10] where intercepts have shown grades of up to 81.9% U3O8.[1] The resource estimates to date have only included the West and East zones of the Roughrider Deposit and not the recently discovered Far East Zone. The West Zone of mineralization currently accounts for 27.81 million pounds U3O8 at an average grade of between 1.98 % (indicated) & 11.03 % (inferred) U3O8[9], while the larger East Zone currently accounts for 30.13 million pounds U3O8 of the total estimated resource at 11.58 % U3O8[10].
With all current resource estimates taken into account, the Roughrider Deposit is currently the third-highest grade uranium deposit in the world, following Cameco's McArthur River and Cigar Lake Deposits[11].
The Midwest NorthEast property comprises 543 hectares, which is 90% owned by Hathor Exploration Limited, with the remaining 10% owned by Terra Ventures Inc. of Vancouver, British Columbia.[12]
The (RRZ) of mineralization is located in the same region which also accommodates several other significant uranium deposits. Roughly 4 km to the southwest is the Midwest uranium deposit owned by AREVA Resources Canada Inc, Denison Mines Corp. and OURD Canada Co., Ltd. which contains 41.7 million pounds of U3O8 at a grade of 5.47%, and only 900 meters to the southwest is the Midwest A discovery (formerly known as the Mae Zone) which contains an additional 19.5 million pounds of U3O8 at a grade of 1.57%,[13] and is also owned jointly owned by AREVA Resources Canada Inc, Denison Mines Corp. and OURD Canada Co., Ltd.
Hathor Exploration also controls or has significant interests in other properties both inside the confines of the Athabasca Basin and situated outside of the basin within Saskatchewan.
As a result of negotiations regarding either the acquisition and/or management of various properties Hathor Exploration Limited has previously entered into joint venture agreements, with Forum Uranium Corp., Triex Minerals Corporation, Terra Ventures Inc.,[14] and ESO Uranium Corp. on various projects across Canada.
In March 2009, Hathor Exploration spun-out its Eskay Creek precious metals project to form the new company called Standard Exploration Ltd. (until October 7, 2010 known as MAX Minerals Ltd.) which now oversees all aspects of that project.[15]
In December, 2009 Hathor Exploration completed its acquisition of Northern Continental Resources Ltd. where through a financial agreement, Hathor became the owner of 100% of the interest in the Russell Lake property which is located 15 km northeast of the Key Lake mine/mill complex and 12 km southeast of the McArthur River uranium mine, which was previously divided between the two companies.[7]
Current Corporate Personnel, Directors & Advisors of Hathor Exploration Limited are: