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Market: TSX
Sector: General Mining
EPIC: STM
Latest Price: 0.49  (-3.00% Descending)
52-week High: 1.50
52-week Low: 0.34
Market Cap: 43.62M
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Strathmore Minerals
www.strathmoreminerals.com

Strathmore is one of the largest holders of in-ground uranium resources in the United States. The Company's goal is to become a leading uranium producer in the United States. Its advanced projects are located in the two largest historical uranium producing regions: the Grants Mineral District in New Mexico and the Gas Hills Uranium District in Wyoming. 

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

27th Oct 2009, 2:41 pm
Strathmore Minerals submits mine permit application for Roca Honda uranium project in New Mexico

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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