Strathmore Commences Drilling at Beaver Rim
Strathmore Plus Uranium (TSXV: SUU) (OTCQB: SUUFF) has commenced drilling at its Beaver Rim Project in Wyoming. The company has doubled the project size by staking 134 new mining claims, bringing the total to 265 claims covering 5,475 acres. The drilling permit allows for 10,000 feet of exploration, aimed at confirming historical results and extending mineralization.
John DeJoia, Director of Strathmore, expressed excitement about exploring Beaver Rim, which he has been anticipating since his time as Chief Geologist for Federal American Partners in the 1980s. He noted that the Gas Hills district, immediately north of Beaver Rim, historically contained an estimated 47 million pounds of uranium.
The company has also refiled a technical report on the Beaver Rim project to Sedar, dated May 31, 2022. An updated report is planned following the completion of the autumn exploration program.
Strathmore Plus Uranium (TSXV: SUU) (OTCQB: SUUFF) ha iniziato le trivellazioni nel suo progetto Beaver Rim nel Wyoming. L'azienda ha doppio le dimensioni del progetto registrando 134 nuove concessioni minerarie, portando il totale a 265 concessioni che coprono 5.475 acri. Il permesso di trivellazione consente 10.000 piedi di esplorazione, mirata a confermare i risultati storici e ad estendere la mineralizzazione.
John DeJoia, Direttore di Strathmore, ha espresso entusiasmo per l'esplorazione di Beaver Rim, che ha atteso fin dai suoi tempi come Geologo Capo per la Federal American Partners negli anni '80. Ha osservato che il distritto di Gas Hills, immediatamente a nord di Beaver Rim, conteneva storicamente una stima di 47 milioni di libbre di uranio.
L'azienda ha anche nuovamente presentato un rapporto tecnico sul progetto Beaver Rim a Sedar, datato 31 maggio 2022. Un rapporto aggiornato è previsto dopo il completamento del programma di esplorazione autunnale.
Strathmore Plus Uranium (TSXV: SUU) (OTCQB: SUUFF) ha comenzado la perforación en su Proyecto Beaver Rim en Wyoming. La empresa ha duplicado el tamaño del proyecto al registrar 134 nuevas concesiones mineras, llevando el total a 265 concesiones que cubren 5,475 acres. El permiso de perforación permite 10,000 pies de exploración, dirigido a confirmar resultados históricos y extender la mineralización.
John DeJoia, Director de Strathmore, expresó su entusiasmo por explorar Beaver Rim, lo que ha estado esperando desde su tiempo como Geólogo Jefe para Federal American Partners en los años 80. Observó que el distrito de Gas Hills, inmediatamente al norte de Beaver Rim, contenía históricamente una estimación de 47 millones de libras de uranio.
La empresa también ha vuelto a presentar un informe técnico sobre el proyecto Beaver Rim a Sedar, con fecha del 31 de mayo de 2022. Se planifica un informe actualizado tras el final del programa de exploración de otoño.
Strathmore Plus Uranium (TSXV: SUU) (OTCQB: SUUFF)는 와이오밍의 Beaver Rim 프로젝트에서 시추 작업을 시작했습니다. 이 회사는 134개의 새로운 광산 청구를 추가하여 프로젝트의 크기를 두 배로 늘렸습니다, 총 265개의 광산 청구가 5,475 에이커를 포함하고 있습니다. 시추 허가는 10,000피트의 탐사를 허용하며, 이는 역사적인 결과를 확인하고 광물화 범위를 확장하는 것을 목표로 하고 있습니다.
Strathmore의 이사인 John DeJoia는 1980년대 Federal American Partners의 수석 지질학자로 일하던 시절부터 기대해온 Beaver Rim 탐사에 대한 흥분을 표현했습니다. 그는 Beaver Rim 바로 북쪽에 위치한 Gas Hills 지구가 역사적으로 4,700만 파운드의 우라늄을 포함하고 있었다고 언급했습니다.
회사는 또한 2022년 5월 31일 자로 Beaver Rim 프로젝트에 대한 기술 보고서를 Sedar에 재제출했습니다. 가을 탐사 프로그램 완료 후 업데이트된 보고서가 계획되어 있습니다.
Strathmore Plus Uranium (TSXV: SUU) (OTCQB: SUUFF) a commencé le forage de son projet Beaver Rim dans le Wyoming. L'entreprise a doubler la taille du projet en enregistrant 134 nouvelles revendications minières, portant le total à 265 revendications couvrant 5 475 acres. Le permis de forage permet 10 000 pieds d'exploration, visant à confirmer des résultats historiques et à étendre la minéralisation.
John DeJoia, Directeur de Strathmore, a exprimé son enthousiasme à explorer Beaver Rim, qu'il attendait depuis son temps en tant que géologue en chef pour Federal American Partners dans les années 1980. Il a noté que le domaine des Gas Hills, juste au nord de Beaver Rim, contenait historiquement une estimation de 47 millions de livres d'uranium.
L'entreprise a également redéposé un rapport technique sur le projet Beaver Rim à Sedar, daté du 31 mai 2022. Un rapport mis à jour est prévu après l'achèvement du programme d'exploration d'automne.
Strathmore Plus Uranium (TSXV: SUU) (OTCQB: SUUFF) hat mit den Bohrungen in seinem Beaver Rim Projekt in Wyoming begonnen. Das Unternehmen hat die Projektgröße verdoppelt, indem es 134 neue Bergbaurechte beantragt hat, wodurch die Gesamtzahl auf 265 Rechte an 5.475 Acres ansteigt. Die Bohrgenehmigung erlaubt 10.000 Fuß Erkundung, um historische Ergebnisse zu bestätigen und die Mineralisierung auszudehnen.
John DeJoia, Direktor von Strathmore, äußerte sich begeistert über die Erkundung von Beaver Rim, auf die er seit seiner Zeit als Chefgeologe bei Federal American Partners in den 1980er Jahren gewartet hat. Er bemerkte, dass das Gas Hills Gebiet, das unmittelbar nördlich von Beaver Rim liegt, historisch geschätzte 47 Millionen Pfund Uran enthielt.
Das Unternehmen hat außerdem einen technischen Bericht über das Beaver Rim Projekt erneut bei Sedar eingereicht, datiert auf den 31. Mai 2022. Ein aktualisierter Bericht ist nach Abschluss des Herbst-Erkundungsprogramms geplant.
- Commencement of drilling at Beaver Rim Project
- Doubling of land position to 265 claims (5,475 acres)
- 10,000 feet of permitted drilling
- Potential for significant uranium mineralization based on historical data
- None.
Doubles Land Position
Kelowna, British Columbia--(Newsfile Corp. - September 24, 2024) - Strathmore Plus Uranium Corporation (TSXV: SUU) (OTCQB: SUUFF) ("Strathmore" or "the Company") is pleased to announce that the drill equipment has mobilized to the Beaver Rim Project with exploration to begin Wednesday, September 25. The permit allows for 10,000 feet of drilling, planned to confirm historical results and extend mineralization into areas sparsely explored in the past. In addition, Strathmore has doubled the size of the project by staking 134 mining claims, bringing the project total to 265 claims for 5,475 acres. The new claims are contiguous with the current claim groups, merging and expanding the West and East Diamond properties, and extending the North and South Sage properties into lands with potential for uranium mineralization based on historical mapping and close-spaced drilling noted in the field.
Mr. John DeJoia, Director of Strathmore, said, "I am excited to start drilling on the Beaver Rim property. I have been looking forward to exploration atop Beaver Rim since I was Chief Geologist and Director to Technical Services for Federal American Partners (JV Operator for Tennessee Valley Authority (TVA) in the early to mid-1980's). TVA's historical unmined resource estimated approximately 47,000,000 pounds of uranium remaining in the Gas Hills district. Most of this resource lies immediately north of our Beaver Rim properties. TVA had open pits and an underground mine operation within the Gas Hills district when operations ceased in 1982. TVA had our own internal drilling company and had up to 18 rigs working. The underlying Beaver Rim sediments were suspected as the mineralizing conduit for most of the Gas Hills deposits. I always wanted to explore Beaver Rim, but with our limited financial resources, and the amount of claim maintenance and development drilling required, TVA could never justify exploration efforts outside our mine development areas. When Dev Randhawa and I first started Strathmore Plus a few years ago, this was the first area we targeted for acquisition. Fortunately, we were able to hire Terrence Osier and acquire claims on Beaver Rim. I will be in Wyoming for the start of this drilling project. I've waited over 40 years to explore Beaver Rim."
Beaver Rim Technical Report
The Company has refiled to Sedar a technical report for the Beaver Rim project titled Technical Report on the Gas Hills-Beaver Rim Uranium Exploration Project, Fremont and Natrona Counties, Wyoming, USA. The report was authored by Mark B. Mathisen, C.P.G., of SLR International Corporation, and dated May 31, 2022. The report was required for Company regulatory purposes and inadvertently misfiled at the time in 2022. The report is available at www.sedarplus.ca. An updated report is planned upon completion of the autumn exploration program at the Beaver Rim project.
About the Beaver Rim Project
The Gas Hills uranium district is the largest uranium district in the State of Wyoming; with more than 100 million pounds of uranium being mined between 1954 to1988 when production ceased due to declining prices. Historical and recent reports suggest 50 to100 million pounds of uranium may exist in the Gas Hills district. The Beaver Rim project consists of 265 wholly owned mining claims totaling 5,475 acres. The project area was previously explored by American Nuclear in the 1970s, Cameco between1990 to early 2000's, and most recently by Strathmore Minerals in 2012, where uranium mineralization was encountered at depths of 700-1,000 feet, contained in stacked, Wyoming-type roll front deposits within arkosic-rich sandstones of the Eocene-age Wind River Formation.
The Beaver Rim project lies immediately south and adjacent to Cameco's fully permitted Gas Hills in-situ recovery project. The Beaver Rim - West Diamond claim group lies south of Cameco's Peach deposit, for which Cameco reported mineral reserves and resources of 7.0 million and 2.6 million pounds of uranium, respectively (2002 Annual Report -tonnage and grade % not stated). Additional, historically defined resources controlled by Cameco are noted to trend from their Peach property south beneath the Beaver Rim claims including the West Diamond, East Diamond, North Sage, and South Sage properties. Strathmore is reviewing the greater Beaver Rim area and past exploration as part of its intent to acquire additional properties with the potential to contain uranium mineralization.
About Strathmore Plus Uranium Corp.
Strathmore has three permitted uranium projects in Wyoming: Agate, Beaver Rim, and Night Owl. The Agate and Beaver Rim properties contain uranium mineralization in typical Wyoming-type roll front deposits based on historical and recent drilling data. The Night Owl property is a former producing surface mine that was in production in the early 1960s.
Cautionary Statement: "Neither the TSX Venture Exchange nor its Regulation Services Provider (as the term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release".
Certain information contained in this press release constitutes "forward-looking information", within the meaning of Canadian legislation. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur", "be achieved" or "has the potential to". Forward looking statements contained in this press release may include statements regarding the future operating or financial performance of Strathmore Plus Uranium Corp. which involve known and unknown risks and uncertainties which may not prove to be accurate. Actual results and outcomes may differ materially from what is expressed or forecasted in these forward-looking statements. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Among those factors which could cause actual results to differ materially are the following: market conditions and other risk factors listed from time to time in our reports filed with Canadian securities regulators on SEDAR at www.sedar.com. The forward-looking statements included in this press release are made as of the date of this press release and Strathmore Plus Uranium Corp. disclaim any intention or obligation to update or revise any forward-looking statements, whether a result of new information, future events or otherwise, except as expressly required by applicable securities legislation.
Qualified Person
The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed on behalf of the company by Terrence Osier, P.Geo., Vice President, Exploration of Strathmore Plus Uranium Corp., a Qualified Person.
Strathmore Plus Uranium Corp.
Contact Information:
Investor Relations
Telephone: 1 888 882 8177
Email: info@strathmoreplus.com
ON BEHALF OF THE BOARD
"Dev Randhawa"
Dev Randhawa, CEO
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/224181
FAQ
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