Terra Ventures Inc.: Hathor Commences Three Rig Drill Program at its Roughrider Uranium Deposit
13 Julio 2010 - 9:35AM
Marketwired
Terra Ventures Inc. (TSX VENTURE: 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
July 13, 2010, Hathor reported:
"Hathor Exploration Limited (HAT: TSX-V) is pleased to provide
an update of its current exploration plans for the Athabasca Basin,
the premier exploration district in the world for high grade
uranium deposits.
Drilling has commenced on the Midwest Northeast Property. Three
rigs are on site; two are turning, with the third, on barge, slated
to start on July 16th, as per DFO regulations. Figure 1 highlights
where the drilling will focus this summer. The barge rig will
continue delineation drilling on the Roughrider deposit, and
complete several reconnaissance holes in "the gap" between it and
Roughrider East. One rig will complete infill drilling at the
recently discovered Roughrider East Deposit, and test for
extensions to the east. The third rig will test the resistivity
anomaly running southwestward from Roughrider East, along the
Midwest Trend, as shown in Figure 6 on the previous News Release
dated 29 June 2010.
The three month program will end in late September, as dictated
by environmental conditions. The summer program is budgeted at
approximately $6 million.
Terra Ventures Inc. owns a qualified 10 per cent interest in the
Midwest Northeast property, carried until a production decision is
made based on a feasibility study.
Alistair McCready, Ph.D., P.Geo., Hathor's Exploration Manager
with responsibility for all of Hathor's exploration in
Saskatchewan, and Michael Gunning, Ph.D., P.Geo, Hathor's Chief
Operating Officer, are Qualified Persons as defined by National
Instrument 43-101 and have 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.
To view the map accompanying this press release, please visit
the following link:
http://media3.marketwire.com/docs/terramap713.pdf
On behalf of the board of directors of
TERRA VENTURES INC.
Gunther Roehlig, President
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",
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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.
Neither the TSX Venture Exchange nor its regulation services
provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this news release.
Contacts: Terra Ventures Inc. Ryan Johnson Investor Relations
1-866-683-0911 www.terrauranium.com
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