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Strathmore Plus Uranium Corporation reports developments tied to uranium exploration in Wyoming, where its permitted projects include Agate, Beaver Rim and Night Owl. Company updates focus on drilling at the Agate Project in the Shirley Basin Uranium District, mineralized Middle Sand and Lower Sand trends, claim staking, historical drill-data verification and the potential use of in-situ recovery methods.
Recurring news also covers financing and public-company matters, including private placements, equity incentive grants and the company’s adoption of semi-annual financial reporting as an eligible venture issuer.
Strathmore Plus Uranium (TSXV: SUU) (OTCQB: SUUFF) has announced a new uranium discovery in the Middle sand, one mile south of their expanding northern trend at the Agate Project in Shirley Basin. Previous drilling had only encountered uranium in the Lower sand. The Middle sand was historically the most prolific producer in the area.
Key highlights:
- The southern discovery shows increasing grades and above-average thickness
- Five core holes are planned for groundwater studies and geophysical research
- Phase 2 drilling of 100 exploratory holes is scheduled for autumn
- The company aims to expand mineralization into a multi-zone deposit with potential stacked roll fronts
This discovery opens up potential for a larger area of mineralization development in an additional sand unit of the Wind River Formation, similar to the main roll system successfully mined to the east.
Strathmore Plus Uranium (TSX: SUU, OTCQB: SUUFF) announced a significant extension in the mineralized trend at its Agate project in Wyoming. The Phase 1 drilling, encompassing 100 exploration holes, extended the Lower sand's northern trend to 3,700 feet in length. Notable results included 7.5 feet of 0.128% eU3O8 from 103.5-110.0 feet, 15 feet of 0.116% eU3O8 from 82.5-97.5 feet, and 16 feet of 0.067% eU3O8 from 87.5-103.5 feet. Five piezometer wells were completed for groundwater testing, with additional core recovery planned for the summer. The drilling also discovered shallow mineralization in the Middle sand, which has historically produced most of the uranium in the Shirley Basin district. The project area has been expanded by staking 18 new mining claims, bringing the total to 85 claims.
Strathmore Plus Uranium (TSXV: SUU, OTCQB: SUUFF) has appointed Mr. Marion Loomis to its Board of Directors. Mr. Loomis brings a wealth of experience with 38 years at the Wyoming Mining Association, where he served as both Assistant Executive Director and Executive Director. He has played a vital role in reducing uranium severance tax from 41% to 0% in 1989, now at 4%. A University of Wyoming Geology graduate, Loomis has been instrumental in advocating for mining industries in Wyoming. His extensive network and expertise in mining policy are expected to significantly benefit Strathmore.
Strathmore Plus Uranium has announced interim drilling results from Phase 1 of its 2024 exploration at the Agate project in Shirley Basin. Key findings include mineralization in 57 out of 60 holes, with significant intercepts such as 11 feet of 0.079% eU3O8. The northern mineralized front has been extended by 600 feet, now totaling over 1,800 feet. New shallow mineralization was discovered a mile south in the Middle 'A' sand. Additional drilling aims to extend the northern front and explore the Middle 'A' sand further. The company also staked 15 new mining claims and plans to include them in Phase 2 drilling. The University of Wyoming is conducting a study using various geophysical methods to assist in future uranium discoveries.
Strathmore Plus Uranium (TSXV: SUU, OTCQB: SUUFF) has begun its 2024 exploration drilling program at the 100% owned Agate Project, starting June 6. This follows successful 2023 finds, such as hole AG-10-23 with 16 feet of 0.081% eU3O8 and hole AG-16-23 with 21 feet of 0.089% eU3O8. The new spring drill program aims to explore additional mineralization on the property.
Strathmore has received approval to drill 200 more holes totaling 30,000 feet and has posted a reclamation bond. They will also install monitor wells for groundwater tests. Initial targets are set one mile south of 2023 drill sites. Historical data from Kerr McGee Corp indicates potential uranium mineralization in Wyoming-type roll front deposits.
Mr. Jeremy Wiebe is transitioning from the Board of Directors to the Advisory Board due to new professional obligations, while development continues on the Agate Project.
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