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.
Strathmore Minerals mining application for Roca Honda uranium project deemed complete
Strathmore Minerals Corp (TSX-V: STM) said that its mining application for the proposed Roca Honda underground uranium mine project in New Mexico was deemed to be “administratively complete” by the Mining and Minerals Division (MMD) of the New Mexico Energy, Minerals & Natural Resources Department, paving the way for the company to obtain regulatory approvals for the development of the project.
This decision means that the Strathmore’s three submissions, the Water Discharge Permit application, the Sampling and Analysis Plan and the Mine Permit application have all been deemed “administratively complete.”
The application, which was originally submitted in October, will now be circulated to other government agencies for comment as part of the technical review process.
An environmental impact analysis will be performed by the MMD, and the US Forest Service will prepare an Environmental Impact Statement (EIS) on the project. The company has been preparing for the technical review process and is also reviewing proposals for the preparation of a bankable feasibility study to begin in early 2010.
“The Joint Venture remains committed to continuing the work necessary to revitalize the Grants Uranium District and is one-step closer to becoming a uranium producer in the United States,” said chief executive of Strathmore, David Miller.
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.
