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25.06.2009
TERRA VENTURES INC.: Hathor’s Midwest NorthEast Drill Hole #131 Intercepts 13.5 metres of 9.64% U3O8
TERRA VENTURES INC.: Hathor’s Midwest NorthEast Drill Hole #131 Intercepts 13.5 metres of 9.64% U3O8
Vancouver, June 24, 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 June 24, 2009, Hathor reported: Hathor Exploration Limited (HAT:TSX‐V) is pleased to announce the completion of the U3O8 results from the 2009 winter drill program on the Roughrider Zone, located at its 90%‐owned Midwest NorthEast property, northern Saskatchewan. Seventeen (17) of the currently reported drillholes intersected uranium mineralization (using a 0.05 wt% U3O8 cut‐off grade). High‐grade highlights of U3O8 assayed core-length intervals* from nine (9) of these include:
Please find the table with the results under the following link: http://www.irw-press.com/dokumente/240609TerraVenturTable.pdf
Dr. Alistair McCready, Hathor’s Senior Project Geologist, said: “Hathor’s 2009 winter drill program exceeded all of our expectations. We were able to complete 89 holes for 30,711 metres, and we hit one of the highest drill interval assays ever in the Basin at 84.20 % U3O8. Not only is the Roughrider Zone now extended from 110 metres to approximately 200 metres in length, it remains open in all directions and recent gravity and geological models show the potential to significantly expand the size of mineralization. For example, drill hole MWNE-09-129, a 20 metre step out from 116, returned 26 metres at 3.57 % U3O8, including 5.0 metres at 15.65 % U3O8. This is the most southwesterly grid-drilled uranium mineralization to date.”
The other 8 drill holes contained uranium mineralization ranging from 0.05% U3O8 over 0.5 metres to 1.34% U3O8 over 2 metres. Drill hole MWNE-09-85, although mineralized, was a metallurgical test hole and was not assayed.
A full listing of U3O8 assay results, detailed drill collar information (for the entire winter’s drilling), select pictures of altered and uranium-mineralized drill core and scintillometer results (cps values) are available on Hathor’s website: www.hathor.ca.
A summer drill program is planned to commence shortly, utilizing both barge-based and land-based drill rigs. These will be used to: further test for strike-length extensions and for potential sandstone-hosted mineralization occurring above the basal unconformity; continue in-fill drilling; and provide material for detailed metallurgical testing. With capital resources of approximately $35 million, Hathor continues to aggressively advance its portfolio of Athabasca region uranium exploration projects.
Samples were analyzed for U3O8 at the Geoanalytical Laboratories of the Saskatchewan Research Council (SRC). The facilities used for the analysis operate in accordance with ISO/IEC 17025:2005 (CAN-P-4E). The samples were analyzed using ISO/IEC 17025:2005-accredited U3O8 method. Laboratory method quality control included the insertion of certified reference materials applicable for the ranges of mineralization encountered. Repeat analyses were performed on every 20th sample. All repeat samples had good reproducibility, including those in the very high grade assay ranges. All samples are being analyzed for a suite of other elements including nickel, cobalt, copper and lead. Select samples are being analyzed for gold, platinum and palladium. These results will be released upon receipt of all results.
Terra Ventures Inc. owns a 10-per-cent production carried interest in the Midwest NorthEast property.
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.
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, June 24, 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 June 24, 2009, Hathor reported: Hathor Exploration Limited (HAT:TSX‐V) is pleased to announce the completion of the U3O8 results from the 2009 winter drill program on the Roughrider Zone, located at its 90%‐owned Midwest NorthEast property, northern Saskatchewan. Seventeen (17) of the currently reported drillholes intersected uranium mineralization (using a 0.05 wt% U3O8 cut‐off grade). High‐grade highlights of U3O8 assayed core-length intervals* from nine (9) of these include:
Please find the table with the results under the following link: http://www.irw-press.com/dokumente/240609TerraVenturTable.pdf
Dr. Alistair McCready, Hathor’s Senior Project Geologist, said: “Hathor’s 2009 winter drill program exceeded all of our expectations. We were able to complete 89 holes for 30,711 metres, and we hit one of the highest drill interval assays ever in the Basin at 84.20 % U3O8. Not only is the Roughrider Zone now extended from 110 metres to approximately 200 metres in length, it remains open in all directions and recent gravity and geological models show the potential to significantly expand the size of mineralization. For example, drill hole MWNE-09-129, a 20 metre step out from 116, returned 26 metres at 3.57 % U3O8, including 5.0 metres at 15.65 % U3O8. This is the most southwesterly grid-drilled uranium mineralization to date.”
The other 8 drill holes contained uranium mineralization ranging from 0.05% U3O8 over 0.5 metres to 1.34% U3O8 over 2 metres. Drill hole MWNE-09-85, although mineralized, was a metallurgical test hole and was not assayed.
A full listing of U3O8 assay results, detailed drill collar information (for the entire winter’s drilling), select pictures of altered and uranium-mineralized drill core and scintillometer results (cps values) are available on Hathor’s website: www.hathor.ca.
A summer drill program is planned to commence shortly, utilizing both barge-based and land-based drill rigs. These will be used to: further test for strike-length extensions and for potential sandstone-hosted mineralization occurring above the basal unconformity; continue in-fill drilling; and provide material for detailed metallurgical testing. With capital resources of approximately $35 million, Hathor continues to aggressively advance its portfolio of Athabasca region uranium exploration projects.
Samples were analyzed for U3O8 at the Geoanalytical Laboratories of the Saskatchewan Research Council (SRC). The facilities used for the analysis operate in accordance with ISO/IEC 17025:2005 (CAN-P-4E). The samples were analyzed using ISO/IEC 17025:2005-accredited U3O8 method. Laboratory method quality control included the insertion of certified reference materials applicable for the ranges of mineralization encountered. Repeat analyses were performed on every 20th sample. All repeat samples had good reproducibility, including those in the very high grade assay ranges. All samples are being analyzed for a suite of other elements including nickel, cobalt, copper and lead. Select samples are being analyzed for gold, platinum and palladium. These results will be released upon receipt of all results.
Terra Ventures Inc. owns a 10-per-cent production carried interest in the Midwest NorthEast property.
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.
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.