Terra Ventures reports base metal & gold analysis

email Email  Print Print  
Thu, Aug 7, 2008
Uranium Company News
Post by Melissa Pistilli, Uranium Reporter

Terra Ventures Inc. reports an exploration update on the Midwest NorthEast Uranium property in which Terra owns a 10% production carried interest. 

In a press release dated August 6, 2008, Hathor reports: “Hathor Exploration Limited (TSX VENTURE:HATNews) is pleased to announce that it has received additional base and precious metals geochemical results for drill core samples from the extensive uranium mineralization intersected in the winter 2008 drill program on its 90%-owned Midwest NorthEast project. This data adds considerable “geological support” for the potential to develop significant unconformity-style uranium resources at the Roughrider Zone. While uranium is by far the most significant economic component of this mineralization the other metal values confirm important characteristics shared with other “supersized” uranium deposits to the south in the Midwest Lake string of deposits.

Hathor’s Senior Project Geologist, Dr. Alistair McCready comments:

“The base and precious metal geochemical results, together with the large-scale, extremely intense alteration that we are seeing in drill core, imply that the uranium-mineralizing event at Roughrider Zone was probably very long-lived with significant fluid flow through the system. This greatly increases the potential for Hathor’s property to contain significant, unconformity-style uranium mineralization at/or above the unconformity; similar to what is seen at AREVA’s polymetallic Midwest A (”Mae”) Zone located 1,800 m to the southwest.”

For full details of this press release, click this link. Uranium Investing News researchers discovered Terra Ventures base metal and gold analysis projects described on their website. Follow developments in uranium mining and exploration for free. Sign on to the Uranium Investing Newsletter.

 

Questions about this article? Leave a comment below or contact our editorial team at editor@resourceinvestingnews.com.

Leave a Comment

What is Uranium Investing News' Comment Policy?
Uranium Investing News pre-moderates comments on our blog posts and post-moderates comments on news stories. We never censor comments based on political or ideological point of view. We only delete those comments that include the following transgressions:

  • Are abusive, off-topic, use excessive foul language
  • Include ad hominem attacks including comments that celebrate the death or illness of any person, public figure or otherwise
  • Contain racist, sexist, homophobic and other slurs
  • Are solicitations and/or advertising for personal blogs and websites
  • Thread spamming (you've posted this same comment elsewhere on the site)
  • Are posted with the explicit intention of provoking other commenters or the staff at Uranium Investing News
  • Contains content that may infringe the copyright or intellectual property rights of others or other applicable laws or regulations.
Asides
  • Conferences and Trade Shows: For more information on the uranium market and companies, add the U2009 Global Uranium Symposium conference May 9-13, 2009 in Keystone, CO to your calendar.  Other shows include: Cambridgehouse, IIC, Chicago Resource Expo

  • The Uranium Investing Glossary: This glossary covers investing in junior resource companies. For the experienced investor or the newbie, you should find everything you need here. If not, let us know and we’ll research and add what you’re looking for.

  • u3o8.biz Database of Uranium Companies/Uranium Stocks: A comprehensive list of uranium companies including: Trading Symbol, Share Price, Market Cap, Resource, Land Holdings, and Market Cap / U3O8 lbs

  • ResponsibleMiner.com is a new web site with a wiki for mining companies and suppliers can discuss best practices in the mining industry.  Also, check for profiles of companies doing great things to improve mining best practices.