Strathmore Minerals Corp
www.strathmoreminerals.com
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 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.
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.
