Strathmore Minerals
The Company's goal is to become a leading uranium producer in the United States. Strathmore has been a uranium company since 1996 and executed its property acquisition strategy when the uranium price was between US $7-15 per lb. Focus has been on the acquisition and development of advanced uranium projects in the two largest uranium producing regions in the United States: the Gas Hills Uranium District in Wyoming and the Grants Mineral District, New Mexico, but were abandoned by the major uranium mining companies during the 1980s and 1990s.
Strathmore Minerals releases 43-101 uranium report
Strathmore Minerals (TSX-V: STM) announced that it had completed a National Instrument 43-101 Technical Report for the Reno Creek Uranium Property, Wyoming. The report covers the West Reno portion of the Pine Tree-Reno Creek properties - only 15% of the total size of the project. A Measured and Indicated resource estimate of 7.4 million pounds at an average grade of 0.065% U3O8 using a cut off grade of 0.03% U308 was defined, with a further 3.4 million pounds in the inferred category.
The report was prepared by Charles D Snow, a Certified Professional Geologist with over 40 years of uranium exploration and mine development experience in the Gas Hills and Shirley Basin Uranium Districts, Wyoming. In the technical report, Mr. Snow said:
"In the author's opinion, there is excellent potential for discovery of additional uranium mineralization on the Reno Creek Property, especially to the east of the main deposits". In addition, "The Reno Creek Property is considered a viable target for in-situ recovery of the uranium ore. The ore is at depths of 170-450 feet, lying beneath the local water table within permeable sandstone and confined by bounding shale and mudstone. Significant permitting and research studies were performed over the years by the previous operators to bring the property to production, including successful operation and reclamation of a pilot in-situ recovery plant that showed bicarbonate lixiviant can be used to leach the uranium."
Strathmore now intends to "expedite" permitting to advance the production timeline. Work in 2008 will include groundwater monitor wells, reserve analysis, well field plans, and engineering designs for a processing facility.
Other Strathmore Minerals articles
-
16/05/08 Strathmore fine tunes focus to becoming a near term uranium producer
-
10/11/07 A race for production for Strathmore Minerals Corp.
-
05/10/07 A race for production for Strathmore Minerals Corp.
Other Strathmore Minerals news
-
22/07/08 Market woes fail to deter Strathmore’s development activities
-
18/04/08 Strathmore Minerals consolidates land position in Gas Hills, Wyoming
Investors interested in Strathmore Minerals recently viewed
-
Abbastar Uranium (TSX: TSX-ABA)
-
Commerce Resources Corp. (TSX: CCE)
-
El Nino Ventures (TSX: ELN)
-
Fission Energy (TSX: TSX-FIS)
-
Forum Uranium (TSX: FDC)
-
Global Hunter (TSX: TSX-BOB)
-
Hi Ho Silver (CNQ: HIHO)
-
LANDORE RESOURCES (AIM: LND)
-
Mindoro Resources (TSX: TSX-MIO)
-
Pencari Mining (TSX: TSX-PMC)
-
Raytec (TSX: TSX-V: RAY)
-
Ringbolt Ventures (TSX: TSX-RBV)
-
Xemplar Energy Corp (TSX: TSX-XE)