Mr. Dev Randhawa reports
STRATHMORE HITS URANIUM MINERALIZATION ON 93% OF HOLES DRILLED
Strathmore Plus Uranium Corp. has completed the first phase of exploratory drilling at the Agate project, where uranium mineralization was encountered within 93 of the 100 holes drilled. The uranium mineralization is typical of the classic, Wyoming-type roll front deposit that was first described historically in the Shirley Basin district in the 1960s. The results of the newly completed 50 holes are tabled below. The highlight was the drilling of holes, AG-10-23 (8.5 feet @ 0.114% eU3O8) and AG-16-23 (14.5 feet @ 0.110% eU3O8) completed 800 feet apart and with open mineralization apparent outwards of each of the drill holes. The 100 holes totalled 14,765 feet drilled. Strathmore is planning and permitting for up to 400 additional drill holes to be completed during the spring/summer of 2024.
Phase 1 of exploratory drilling at the Agate project targeted the Lower "A" sand of the Eocene Wind River Formation, an arkosic-rich sandstone which is noted for its high porosity and permeability, and high groundwater transmissivity. Strathmore explored an area of the Agate project where historical drilling completed by Kerr McGee Corporation in the 1970s encountered uranium roll-front deposits, saturated with groundwater, from 80-150 feet deep. The intercept results are reported at a minimum thickness of 2-feet and a grade cutoff of 0.02% eU3O8 (equivalent uranium), including holes with below cutoff intercepts italicized in the table below.
Hole ID Latitude Longitude Top (ft) Bottom (ft) Thickness (ft) Grade % eU3O8 Grade x Thickness
AG-50-23 42.31472 -106.28732 84.0 91.5 7.5 0.014 0.105
AG-51-23 42.31497 -106.25890 83.0 90.5 7.5 0.052 0.390
AG-52-23 42.31499 -106.28635 82.0 86.0 4.0 0.032 0.128
98.5 102.0 3.5 0.014 0.049
AG-53-23 42.31530 -106.28476 76.0 78.0 2.0 0.024 0.048
AG-54-23 42.31502 -106.28481 73.0 75.5 2.5 0.042 0.105
AG-55-23 42.31528 -106.28407 88.5 91.0 2.5 0.015 0.038
AG-56-23 42.31500 -106.28443 69.0 73.5 4.5 0.036 0.162
AG-57-23 42.31501 -106.28402 67.5 69.5 2.0 0.026 0.052
AG-58-23 42.31471 -106.28437 80.5 89.0 8.5 0.014 0.119
AG-59-23 42.31469 -106.28506 80.0 85.5 5.5 0.044 0.242
92.0 94.5 2.5 0.026 0.065
AG-60-23 42.31431 -106.28618 BELOW CUTOFF
AG-61-23 42.31395 -106.28665 82.0 84.0 2.0 0.011 0.022
88.0 91.0 3.0 0.012 0.036
AG-62-23 42.31443 -106.28413 80.0 82.0 2.0 0.021 0.042
AG-63-23 42.31416 -106.28444 72.5 75.5 3.0 0.013 0.039
85.5 90.5 5.0 0.013 0.065
AG-64-23 42.31427 -106.28370 75.5 83.0 7.5 0.021 0.158
86.5 91.0 4.5 0.012 0.054
AG-65-23 42.31476 -106.28397 75.0 77.0 2.0 0.014 0.028
85.5 91.5 6.0 0.011 0.066
AG-66-23 42.31462 -106.28357 69.5 73.0 3.5 0.011 0.039
76.5 79.5 3.0 0.014 0.042
81.5 83.5 2.0 0.013 0.026
AG-67-23 42.31445 -106.28572 73.5 78.5 5.0 0.126 0.630
92.0 96.0 4.0 0.047 0.188
AG-68-23 42.31443 -106.28468 77.0 87.5 10.5 0.013 0.137
89.5 96.5 7.0 0.012 0.084
AG-69-23 42.31480 -106.28738 81.5 84.0 2.5 0.012 0.030
90.5 95.5 5.0 0.012 0.060
97.0 103.5 6.5 0.016 0.104
AG-70-23 42.31484 -106.28796 113.0 116.0 3.0 0.051 0.153
AG-71-23 42.31455 -106.28809 82.0 86.0 4.0 0.017 0.068
98.5 101.5 3.0 0.059 0.177
AG-72-23 42.31448 -106.28748 76.0 79.0 3.0 0.019 0.057
91.5 101.5 10.0 0.016 0.160
AG-73-23 42.31424 -106.28813 96.0 98.5 2.5 0.028 0.070
AG-74-23 42.31532 -106.28758 108.4 116.9 8.5 0.014 0.119
AG-75-23 42.31524 -106.28805 113.0 118.0 5.0 0.013 0.065
AG-76-23 42.31508 -106.28830 115.5 121.0 5.5 0.059 0.325
AG-77-23 42.31458 -106.28857 110.5 114.0 3.5 0.077 0.270
123.0 125.0 2.0 0.032 0.064
AG-78-23 42.31438 -106.28903 96.0 102.0 6.0 0.032 0.192
AG-79-23 42.31413 -106.28864 90.0 93.0 3.0 0.019 0.057
94.5 97.0 2.5 0.016 0.040
98.5 101.0 2.5 0.012 0.030
AG-80-23 42.31467 -106.28934 93.5 95.5 2.0 0.048 0.096
100.0 103.0 3.0 0.012 0.036
112.0 114.0 2.0 0.012 0.024
AG-81-23 42.31485 -106.28887 117.0 120.5 3.5 0.030 0.105
AG-82-23 42.31439 -106.28958 98.5 102.5 4.0 0.024 0.096
104.5 106.5 2.0 0.023 0.046
109.0 112.0 3.0 0.012 0.036
118.5 120.5 2.0 0.012 0.024
AG-83-23 42.31411 -106.28928 103.5 106.0 2.5 0.013 0.033
AG-84-23 42.31584 -106.28391 BELOW CUTOFF
AG-85-23 42.31545 -106.28377 BELOW CUTOFF
AG-86-23 42.31666 -106.28744 123.0 126.5 3.5 0.017 0.060
AG-87-23 42.31658 -106.28710 112.0 114.0 2.0 0.013 0.026
AG-88-23 42.31723 -106.28719 BELOW CUTOFF
AG-89-23 42.31699 -106.28751 113.0 116.5 3.5 0.019 0.067
AG-90-23 42.31505 -106.28511 82.5 97.0 14.5 0.092 1.334
Including 84.0 90.5 6.5 0.132 0.858
99.5 101.5 2.0 0.025 0.050
AG-91-23 42.31496 -106.28355 50.5 52.5 2.0 0.013 0.026
77.0 80.5 3.5 0.012 0.042
88.5 92.5 4.0 0.011 0.044
AG-92-23 42.31252 -106.28587 86.0 89.5 3.5 0.012 0.042
91.0 94.5 3.5 0.011 0.039
AG-93-23 42.31240 -106.28535 62.0 64.0 2.0 0.016 0.032
86.5 89.0 2.5 0.018 0.045
91.0 94.0 3.0 0.011 0.033
AG-94-23 42.31260 -106.28624 62.0 64.0 2.0 0.016 0.032
86.5 89.0 2.5 0.018 0.045
91.0 94.0 3.0 0.011 0.033
AG-95-23 42.31236 -106.29028 98.0 100.0 2.0 0.057 0.114
103.5 107.5 4.0 0.017 0.068
AG-96-23 42.31274 -106.29000 107.0 113.0 6.0 0.012 0.072
AG-97-23 42.31292 -106.28946 109.0 112.5 3.5 0.040 0.140
AG-98-23 42.31245 -106.28956 111.0 113.5 2.5 0.035 0.088
115.0 119.5 4.5 0.013 0.059
AG-99-23 42.31294 -106.29059 101.0 107.5 6.5 0.027 0.176
AG-100-23 42.31310 -106.29115 97.0 100.5 3.5 0.027 0.095
Note: The geophysical results are based on equivalent uranium (eU3O8) of the gamma-ray probes calibrated at the Department of Energy's Test Facility in Casper, Wyoming. A geophysical tool with gamma-ray, spontaneous potential, resistivity, and drift detectors was utilized. The reader is cautioned that the reported uranium grades may not reflect actual concentrations due to the potential for disequilibrium between uranium and its gamma emitting daughter products. Mineralized holes with thicker, higher-grade intercepts are interpreted to be in the Near Interface, Nose (main front), or Near Seepage ground located within the projected roll front system. Mineralized holes with thinner, below cutoff grade intercepts are interpreted to be in the Limb/Tails or Remote Seepage ground located behind (altered) or ahead (reduced) of the projected roll front system, respectively. Non-mineralized holes are interpreted to be in the Barren Exterior ground located ahead of the projected roll front system in reduced ground.
The 2023 drilling was completed by Single Water Services utilizing a mud-rotary rig and the geophysical logging was completed by Hawkins CBM Logging, both of Wyoming with extensive experience in the uranium industry. Mr. Terrence Osier, PG, VP Exploration for Strathmore, was the supervising Geologist and oversaw the drilling activities and lithologic descriptions of the drilled cuttings which were sampled at 5-foot intervals. The drilling was completed on budget (US$275,000) and in a timely manner over a month's time. The results of the exploration will be analyzed and assist in the layout of additional drill sites proposed for the 2024 drilling season.
About the Agate PropertyThe Agate property consists of 52 wholly owned lode mining claims covering 1,075 acres. The uranium mineralization is contained in classic Wyoming-type roll fronts within the Eocene Wind River Formation, an arkosic-rich sandstone. Historically, 51 million pounds of uranium were mined in Shirley Basin, including from open-pit, underground, and the first commercial in-situ recovery operation in the USA during the 1960s. At the property, the uranium mineralization is shallow, from 80 to approximately 150 feet deep, much of which is below the water table and likely amenable to in-situ recovery. Kerr McGee Corporation, the largest US uranium mining company at the time, drilled at least 650 holes across the project area, delineating several targets of potential mineralization across the project.
About Strathmore Plus Uranium Corp. Strathmore has three permitted uranium projects in Wyoming, including Agate, Beaver Rim, and Night Owl. The Agate and Beaver Rim properties contain uranium in typical Wyoming-type roll front deposits based on historical drilling data. The Night Owl property is a former producing surface mine that was in production in the early 1960s.
Qualified PersonThe 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.
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