Terra Ventures Inc. (TSXV: TAS) –New Zone of High Grade U3O8 Confirmed 200 Meters East of Roughrider Zone; Uranium Stocks Starting to Look Favorable

Fundamental Research Corp. | October 15, 2010 | 1:42 pm Energy Uranium 

Investment Highlights

  • Discovery hole MWNE-09-170 intersected 10 meters of 13.44% U3O8 and another separate intersection of 8 meters grading 27.66% U3O8, 200 meters east of the Roughrider zone at the Midwest Northeast project.
  • Subsequent drilling has continued to intersect high grades extending mineralization 100 meters west back towards the original Roughrider zone.
  • An initial resource estimate for the Midwest Northeast uranium project has been completed for the Roughrider zone. Indicated resources are 6.58 million lbs U3O8 and inferred resources are 5.47 million lbs U3O8. The resource is from mid 2009; over 100 holes completed since have not been included in this estimate.
  • The Roughrider system remains open and Hathor has indicated it will continue aggressive drilling this winter. Hathor is well funded. As of June 30, 2010, Hathor had $28 million in cash.

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