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Market: TSX
Sector: General Mining - Uranium & Lithium
EPIC: STM
Latest Price: C$0.35  (0,00%)
52-week High: C$0.71
52-week Low: C$0.34
Market Cap: C$42.36M
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Strathmore Minerals Corp
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.

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Strathmore progresses permitting for George-Ver uranium deposit at Gas Hills in Wyoming

19th Nov 2010, 10:38 am

Uranium explorer Strathmore Minerals (TSX-V:STM) said Thursday it is working toward permitting the George-Ver deposit, the first of many mineable deposits at the company's Gas Hills uranium project in central Wyoming.

The Vancouver-based company controls more than 34,000 acres of mineral claims in the Gas Hills district, an area that produced 100 million pounds of uranium concentrates from 1957-1989.

Strathmore said the majority of permitting work carried out thus far at the site has been to support the submission of a mine permit application for George-Ver, anticipated in the second quarter of 2011.

The company is also planning to mine additional deposits in the Gas Hills area and has initiated the gathering of background data necessary for additional submissions, it said.

In addition, Strathmore has begun the process for a US Nuclear Regulatory Commission (NRC) permit application for the construction and operation of a conventional uranium mill in the Gas Hills area, expected to be submitted in the first half of 2012.

During the recent field season at Gas Hills, a total of 9,290 feet was drilled in all areas, with six monitor wells installed, seven core holes completed, and twelve additional holes drilled to tighten up drill patterns, where pit designs were near complete or where the company was looking for extensions to existing mineralization.

At the George-Ver Mine site area, core hole GVS-16C encountered, at a depth of 188.5 feet, an intercept of 15.0 feet grading 0.092% eU3O8, which included an intercept of 6.5 feet at 0.197% eU3O8.

In the Day Loma zone, one exploration hole, DLS-01, encountered significant mineralization, according to the company, at 385.4 feet deep, 73.0 feet thick, 0.062% eU3O8, including an intercept of 10.5 feet grading 0.325% eU3O8.

Independent technical reports for the Day Loma, Loco-Lee and George-Ver areas will be completed in the second quarter of next year.

Strathmore was up nearly 5% on Thursday, trading at $1.08 as of 1:48pm EST.

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