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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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Wednesday, February 06, 2008

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.

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