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Strathmore Plus Uranium Corp
Symbol SUU
Shares Issued 48,167,916
Close 2024-09-09 C$ 0.24
Market Cap C$ 11,560,300
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Strathmore Plus receives permit for Beaver Rim drilling

2024-09-10 11:25 ET - News Release

Mr. Dev Randhawa reports

STRATHMORE RECEIVES PERMIT TO DRILL AT BEAVER RIM

Strathmore Plus Uranium Corp. has received the final drill notice permit from the state of Wyoming to perform exploratory drilling at the Beaver Rim project in the Gas Hills uranium district of Wyoming. The permit allows for 10,000 feet of drilling, planned to begin the week of Sept. 16 to confirm historical results and extend mineralization into areas sparsely explored in the past.

Terrence Osier, vice-president, exploration, of Strathmore, said: "We are excited to start exploring our Beaver Rim claims. I previously drilled at Beaver Rim in 2012, as project geologist for Strathmore Minerals. We encountered stacked roll-fronts at the West Diamond area at depths of 700 to 1,000 feet. The entire mineralized host-sandstone is present, giving us multiple targets across our properties. Many of the claims were previously explored by American Nuclear and Cameco. The potential to define uranium deposits at Beaver Rim is very promising based on the information we have and areas of close-spaced drilling noted in the field. We've contracted with two Wyoming companies, Lou's Drilling of Riverton and Hawkins CBM Logging of Cody. I have extensive experience with both contractors over the years and expect a successful exploration campaign that we can build on in 2025 and beyond."

About the Beaver Rim project

The Beaver Rim project consists of 131 wholly owned mining claims totalling 2,706 acres. The Gas Hills uranium district is the largest producer in the state of Wyoming; more than 100 million pounds of uranium were mined. Historical and recent reports suggest 50 to 100 million pounds of uranium remain in the Gas Hills, with significant discovery potential in the lesser drilled areas to the south, notably atop Beaver Rim. The project area was previously explored by American Nuclear in the 1970s, Cameco in the 1990 to 2000s and most recently by Strathmore Minerals in 2012, where uranium mineralization was encountered at depths of 700 to 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 West Diamond claim group lies south of Cameco's Peach deposit, for which Cameco reported (2002 annual report) mineral reserves and resources of seven million and 2.6 million pounds of uranium, respectively (tonnage and grade per cent not stated). Additional, historically defined resources controlled by Cameco are noted to trend from their property south beneath the Beaver Rim claims, including the 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 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.

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