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10.09.2009
Terra Ventures Inc.: Hathor Discovers High-Grade Uranium Mineralization 200 Metres From Roughrider Zone
Terra Ventures Inc.: Hathor Discovers High-Grade Uranium Mineralization 200 Metres From Roughrider Zone
Vancouver, September 9, 2009 - Terra Ventures Inc. (TSX-V: TAS) is pleased to provide an update on the Midwest Northeast Uranium property in which Terra owns a 10% production carried interest. In a press release dated September 9, 2009, Hathor reported:
Hathor Exploration Limited (HAT:TSX-V) is pleased to announce a new discovery of high-grade uranium mineralization approximately 200 metres to the east of the Roughrider Zone on its 90% owned Midwest NorthEast property.
This high-grade uranium mineralization has been identified in the discovery drill hole, MWNE-09-170, the only hole to be drilled into this part of the property to date and is located approximately 170 m northeast of the alteration zone described in Hathor’s news release dated August 5, 2009. The closest unconformity pierce points to the mineralization intersected in MWNE-09-170 are approximately 117 m to the west (DDH MWNE-09-135) and 135 m to the south (DDH MWNE-09-165). There are no drill holes to the east or north within 350 m proximity. This NQ-sized drill hole is collared on land, approximately 250 m east of the Roughrider Zone and was drilled at dip of -70O towards 335O (approximately north-northwest).
Similar to the Roughrider Zone, this uranium mineralization is also basement-hosted and shows very high-grade uranium mineralization within a large alteration system. For pictures of this high-grade uranium mineralization, please visit Terra’s’s website at www.terrauranium.com .
Natural gamma radiation from drill core was measured in the field as counts per second (cps) using an Exploranium GR-110G gamma-ray scintillometer data (see table 1). Mineralization (>500 cps) is initially intercepted at 272.5 m (core-length) and is variably present until 333.3 m (estimated vertical depths of 256 and 312 metres respectively). Within this 60.8 m core-length interval, two zones of strong mineralization are noteworthy, 308.0 to 311.7 m and 325.5 to 329.0 m. Both of these intervals measure off-scale scintillometer radiation (>9,999 cps) and contain dark black, uranium mineralization, similar to high-grade intersected in other drill holes within the Roughrider Zone. In addition to these two intervals, smaller intersections of off-scale mineralization are present throughout the mineralized interval (e.g. 299.3 to 299.5, 302.7 to 302.9, 306.5 to 307.0, 324.2 to 324.4, and 329.8 to 330.2 m).
Dr. Alistair McCready, Hathor’s Senior Project Geologist, said: “Finding what may be an eastern extension of the Roughrider Zone, or perhaps a second, large high-grade zone, shows that we are executing the right decisions in the exploration of this robust, mineralized system. This new discovery could add very significant uranium resources at Midwest NorthEast. ”
In drill hole MWNE-09-170, the Athabasca sandstone from 165 m to 220 m is altered (strong bleaching, variable argillization and numerous clay-filled gouges and fault breccias). From 220 m to the unconformity, the sandstone is strongly-altered (very strong bleaching, intense argillization and secondary hematitic alteration). The unconformity is located at approximately 234.35 m depth (estimated vertical depth of 220 m). The basement comprises variably clay altered to clay replaced Wollaston Group rocks (pelitic gneisses and graphitic pelitic gneisses) and Hudsonian pegmatites and leucogranites. The alteration within the basement rocks extends from the unconformity to a depth of approximately 423.0 m core length (vertical depth of around 397 m). This alteration is comparable, if not larger than that encountered within the main Roughrider Zone.
Samples will be analyzed for U3O8 at the Geoanalytical Laboratories of the Saskatchewan Research Council (SRC), which operates in accordance with ISO/IEC 17025:2005 (CAN-P-4E)-accredited U3O8 methods. . All samples will be analyzed for a suite of other base metal elements including nickel, cobalt, copper and lead, as well as precious metals including gold, platinum, palladium and rhenium. These results will be released upon receipt of all results. Dry bulk density determinations will also be carried out on the drill core.
Hathor's 90%-owned Midwest NE project is located in northern Saskatchewan's Athabasca Basin immediately adjacent to the Midwest property of AREVA Resources Canada Inc., Denison Mines Corp. and OURD Canada Co. Ltd. Points North Landing, a regional service centre to the region, is located about eight kilometres from Hathor's Midwest NE property and the modern, AREVA-operated McClean Lake uranium mill facilities are located approximately 10 kilometres to the east.
Benjamin Ainsworth., P.Eng., a qualified person as defined by National Instrument 43-101, has reviewed and approved the technical disclosure contained in this news release.
Please find the table with the results under the following link: http://www.irw-press.com/dokumente/TerraVentures100909ENGL.pdf
Terra Ventures is a junior exploration company focused on acquiring and developing quality uranium projects which have world class potential. The Company is dedicated to building shareholder value by acquiring strategic uranium properties in this period of strengthening global demand for uranium supply. The Company's combination of strategic land positions, advanced stage projects and no risk carried interest projects - combined with technical expertise and management's fundraising ability – are the foundation for growth in the uranium business.
For further particulars about Terra Ventures, please contact Gunther Roehlig, President, at 1-866-683-0911 or visit the Company’s website at www.terrauranium.com.
On behalf of the board of directors of
TERRA VENTURES INC.
“Gunther Roehlig”
Gunther Roehlig, President
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
This News Release contains forward-looking statements. Forward-looking statements are statements which relate to future events. In some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “expects”, “plans”, “anticipates”, “believes”, “estimates”, “predicts”, “potential” or “continue” or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry’s actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements.
While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested herein. Except as required by applicable law, the Company does not intend to update any of the forward-looking statements to conform these statements to actual results.
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Vancouver, September 9, 2009 - Terra Ventures Inc. (TSX-V: TAS) is pleased to provide an update on the Midwest Northeast Uranium property in which Terra owns a 10% production carried interest. In a press release dated September 9, 2009, Hathor reported:
Hathor Exploration Limited (HAT:TSX-V) is pleased to announce a new discovery of high-grade uranium mineralization approximately 200 metres to the east of the Roughrider Zone on its 90% owned Midwest NorthEast property.
This high-grade uranium mineralization has been identified in the discovery drill hole, MWNE-09-170, the only hole to be drilled into this part of the property to date and is located approximately 170 m northeast of the alteration zone described in Hathor’s news release dated August 5, 2009. The closest unconformity pierce points to the mineralization intersected in MWNE-09-170 are approximately 117 m to the west (DDH MWNE-09-135) and 135 m to the south (DDH MWNE-09-165). There are no drill holes to the east or north within 350 m proximity. This NQ-sized drill hole is collared on land, approximately 250 m east of the Roughrider Zone and was drilled at dip of -70O towards 335O (approximately north-northwest).
Similar to the Roughrider Zone, this uranium mineralization is also basement-hosted and shows very high-grade uranium mineralization within a large alteration system. For pictures of this high-grade uranium mineralization, please visit Terra’s’s website at www.terrauranium.com .
Natural gamma radiation from drill core was measured in the field as counts per second (cps) using an Exploranium GR-110G gamma-ray scintillometer data (see table 1). Mineralization (>500 cps) is initially intercepted at 272.5 m (core-length) and is variably present until 333.3 m (estimated vertical depths of 256 and 312 metres respectively). Within this 60.8 m core-length interval, two zones of strong mineralization are noteworthy, 308.0 to 311.7 m and 325.5 to 329.0 m. Both of these intervals measure off-scale scintillometer radiation (>9,999 cps) and contain dark black, uranium mineralization, similar to high-grade intersected in other drill holes within the Roughrider Zone. In addition to these two intervals, smaller intersections of off-scale mineralization are present throughout the mineralized interval (e.g. 299.3 to 299.5, 302.7 to 302.9, 306.5 to 307.0, 324.2 to 324.4, and 329.8 to 330.2 m).
Dr. Alistair McCready, Hathor’s Senior Project Geologist, said: “Finding what may be an eastern extension of the Roughrider Zone, or perhaps a second, large high-grade zone, shows that we are executing the right decisions in the exploration of this robust, mineralized system. This new discovery could add very significant uranium resources at Midwest NorthEast. ”
In drill hole MWNE-09-170, the Athabasca sandstone from 165 m to 220 m is altered (strong bleaching, variable argillization and numerous clay-filled gouges and fault breccias). From 220 m to the unconformity, the sandstone is strongly-altered (very strong bleaching, intense argillization and secondary hematitic alteration). The unconformity is located at approximately 234.35 m depth (estimated vertical depth of 220 m). The basement comprises variably clay altered to clay replaced Wollaston Group rocks (pelitic gneisses and graphitic pelitic gneisses) and Hudsonian pegmatites and leucogranites. The alteration within the basement rocks extends from the unconformity to a depth of approximately 423.0 m core length (vertical depth of around 397 m). This alteration is comparable, if not larger than that encountered within the main Roughrider Zone.
Samples will be analyzed for U3O8 at the Geoanalytical Laboratories of the Saskatchewan Research Council (SRC), which operates in accordance with ISO/IEC 17025:2005 (CAN-P-4E)-accredited U3O8 methods. . All samples will be analyzed for a suite of other base metal elements including nickel, cobalt, copper and lead, as well as precious metals including gold, platinum, palladium and rhenium. These results will be released upon receipt of all results. Dry bulk density determinations will also be carried out on the drill core.
Hathor's 90%-owned Midwest NE project is located in northern Saskatchewan's Athabasca Basin immediately adjacent to the Midwest property of AREVA Resources Canada Inc., Denison Mines Corp. and OURD Canada Co. Ltd. Points North Landing, a regional service centre to the region, is located about eight kilometres from Hathor's Midwest NE property and the modern, AREVA-operated McClean Lake uranium mill facilities are located approximately 10 kilometres to the east.
Benjamin Ainsworth., P.Eng., a qualified person as defined by National Instrument 43-101, has reviewed and approved the technical disclosure contained in this news release.
Please find the table with the results under the following link: http://www.irw-press.com/dokumente/TerraVentures100909ENGL.pdf
Terra Ventures is a junior exploration company focused on acquiring and developing quality uranium projects which have world class potential. The Company is dedicated to building shareholder value by acquiring strategic uranium properties in this period of strengthening global demand for uranium supply. The Company's combination of strategic land positions, advanced stage projects and no risk carried interest projects - combined with technical expertise and management's fundraising ability – are the foundation for growth in the uranium business.
For further particulars about Terra Ventures, please contact Gunther Roehlig, President, at 1-866-683-0911 or visit the Company’s website at www.terrauranium.com.
On behalf of the board of directors of
TERRA VENTURES INC.
“Gunther Roehlig”
Gunther Roehlig, President
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
This News Release contains forward-looking statements. Forward-looking statements are statements which relate to future events. In some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “expects”, “plans”, “anticipates”, “believes”, “estimates”, “predicts”, “potential” or “continue” or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry’s actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements.
While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested herein. Except as required by applicable law, the Company does not intend to update any of the forward-looking statements to conform these statements to actual results.
NEWSLETTER REGISTRIERUNG:
Aktuelle Pressemeldungen dieses Unternehmens direkt in Ihr Postfach:
http://www.irw-press.com/alert_subscription.php?lang=en&isin=CA88102A1093
Mitteilung übermittelt durch IRW-Press.com. Für den Inhalt ist der Aussender
verantwortlich.
Kostenloser Abdruck mit Quellenangabe erlaubt.