Looks like they've found something, additional drill program should prove to be beneficial.
"The 2011 drilling program confirmed that the seismic interpretation performed by the University of Saskatchewan under the direction and supervision of Dr. Zoltan Hajnal, PhD (GeoPh) was very accurate in predicting subsurface structures. The refined interpretation will be extremely valuable in guiding the Company to discovery." Athabasca has also expanded its drilling permit at Keefe Lake to include an additional 13 holes totalling 3,900 meters.