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Market: TSX-V
Sector: General Mining
Epic: STM
News: Latest news
Web Site: Strathmore Minerals
Other Articles: 05-05-201008-04-201018-02-2010

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Thursday September 02, 11:00Baobab Resources identifies distinct ore domain at Tete’s South Zone

Baobab MD Ben James said the latest drilling results from the Tete project's South Zone characterise a distinct, higher mass recovery, ore domain.

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Thursday September 02, 08:15Indonesia edges closer toward uranium mining and nuclear power

After nearly five decades of national debate on the issue, Indonesia's central government may finally be ready to develop a national nuclear policy, which may lead to domestic uranium mining.

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Wednesday September 01, 01:25Green Dragon Gas reports significant growth as China’s thirst for energy continues

China's thirst for energy resources has continued with an increased focus on domestic supplies of gas, Green Dragon Gas chairman Randeep Grewal said today. In the company's interim results, [...]

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Strathmore Minerals

Strathmore Minerals

Strathmore Minerals Corporation is a Canadian based resource company specializing in the development of advanced uranium properties.

Strathmore's primary goal is to become a leading uranium producer in the United States. The Company has an extensive and diverse property portfolio, located primarily in Wyoming and New Mexico. In 2010, the Company will continue permitting its two core uranium development projects: Roca Honda in New Mexico and the Gas Hills in Wyoming, A third project, the Pine Tree-Reno Creek Properties, was recently sold for US $30 million value, of which US $20 million was paid in cash and common shares of the acquiring company. In addition, the Company has eight additional projects with drilled historical or NI 43-101 resources available for joint venture or purchase.

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Tuesday, October 27, 2009

Strathmore Minerals submits mine permit application for Roca Honda uranium project in New Mexico

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Strathmore Minerals Corp (TSX-V: STM) said it has submitted a mine permit application for the proposed development of its flagship Roca Honda underground uranium project in the Grants Mineral District in New Mexico.

This property, which is situated on public lands managed by the US Forest Service and the State of New Mexico, is held by Strathmore and Sumitomo Corp of Japan in their jointly owned subsidiary Roca Honda Resources LLC (RHR).

The company's permitting team is now preparing for the technical review process in the months ahead. In addition, Strathmore is reviewing proposals for the preparation of a bankable feasibility study to begin in early 2010.

The Roca Honda property was acquired in 2004, along with the Kerr McGee uranium data base. In March 2006, Strathmore completed an independent NI 43-101 resource calculation which estimated a measured and indicated mineral resource of 17.51 million pounds triuranium octoxide contained within 3,782,000 tons at an average grade of 0.23 percent U3O8.  An additional 15.83 million pounds contained within 4,546,000 tons at an average grade of 0.17 percent U3O8 are estimated as an Inferred mineral resource.

In July 2007, Strathmore completed a joint venture agreement with Sumitomo for the development of Roca Honda.

Strathmore CEO David Millersaid: "The company believes that Roca Honda is one of the best and highest grade undeveloped uranium deposits in the United States. Strathmore is excited to participate in the revitalization of the largest uranium district in the world in the 20th Century: the Grants Uranium Belt.”

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