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 consolidates land position in Gas Hills, Wyoming
Strathmore Minerals (TSX: STM) announced that it acquired an additional 2.1 million pounds of historical near-surface uranium resources (non NI 43-101). Strathmore picked up the additional resource by staking lode mining claims in the Gas Hills Uranium District, Wyoming. Gas Hills was once the second largest producing area in the United States.
Strathmore said it now holds over 33,000 acres which contain multiple historically-defined uranium deposits, some with open-pit mining permits in place from the 1980s.
"The newly staked uranium properties, known as the Amazon and Sunset deposits, were previously defined by Federal American Partners (FAP) in 1984" the Company said. "FAP defined these near-surface resources based on closed-spaced drilling"
Strathmore is targeting production at Gas Hills, subject to obtaining permits and regulatory approvals, in 2010.
Other Strathmore Minerals articles
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16/05/08 Strathmore fine tunes focus to becoming a near term uranium producer
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10/11/07 A race for production for Strathmore Minerals Corp.
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05/10/07 A race for production for Strathmore Minerals Corp.
Other Strathmore Minerals news
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22/07/08 Market woes fail to deter Strathmore’s development activities
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06/02/08 Strathmore Minerals releases 43-101 uranium report
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