Mr. Dev Randhawa reports
STRATHMORE PRIORITIZES AGATE PROJECT MINERAL RESOURCE DEVELOPMENT
Strathmore Plus Uranium Corp. is planning to advance the Agate uranium project in Wyoming's prolific Shirley basin district, which is home to the newest constructed and operated ISR operation in the state of Wyoming. Agate sits adjacent to projects held by Cameco and UEC and lies five miles from UR-Energy's newly built satellite in-situ recovery (ISR) operation. Mineralization at Agate is shallow (20 to 150 feet), largely below the water table and ideally suited for low-cost ISR recovery.
With escalating drilling, labour and reclamation costs, Strathmore will concentrate on mineral defining efforts and development at its Agate property. With UR Energy now in production mode nearby, we hope that by concentrating work at Agate, we will be able to advance that property on a potential production path in an accelerated manner. Strathmore is progressing the Agate permitting process with the necessary field studies (floral, faunal, cultural) toward the completion and submittal of a plan of operation with United States Bureau of Land Management and the Wyoming Department of Environmental Quality. As part of this shift towards prioritizing the Agate project, Strathmore has elected to postpone the purely exploratory work at the Beaver Rim project slated to begin this week. By advancing the Agate project in the Shirley basin production centre, Strathmore will be better positioned to take advantage of the ever-growing demand for uranium in the United States and across the world.
About the Agate property
The Agate property consists of 124 wholly owned lode mining claims covering approximately 2,560 acres. Uranium mineralization is contained in classic Wyoming-type roll fronts within the Eocene Wind River formation, an arkosic-rich sandstone. Historically, 53 million pounds of uranium were mined in Shirley basin, including from open-pit, underground and the first commercial in-situ recovery operation in the United States during the 1960s. At the property, the uranium mineralization is shallow, from 20 to approximately 150 feet deep, much of which appears below the water table and likely amenable to in situ recovery. Kerr McGee Corp., the largest United States uranium mining company at the time, completed extensive drilling across the greater project area in the 1970s, delineating areas of historical resources and potential mineralization. Strathmore has completed 294 holes during the 2023 to 2026 drilling programs, including installation of five monitor wells for groundwater studies and recovery of core for chemical assays and XRF analysis at the University of Wyoming.
About Strathmore Plus Uranium Corp.
Strathmore is focused on discovering uranium deposits in Wyoming, and has three permitted uranium projects 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 person
The technical information in this news release has been Reviewed and Approved on behalf of the company by Terrence A. Osier, PGeo, vice-president of exploration for Strathmore Plus Uranium, and a qualified person as defined by National Instrument 43-101 -- Standards of Disclosure for Mineral Projects.
This news release may refer to neighboring properties in which Strathmore Uranium has no interest, and the qualified person has been unable to verify the information from those properties. Mineralization on those neighbouring properties is not necessarily indicative of mineralization on the company's Agate property.
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