Mike Fagan,
Editor
Oct. 25, 2023
Strathmore Plus Uranium Corp. (TSX-V: SUU)(OTC: SUUFF) — currently trading around C$0.75 per share in a rising uranium market — has released results from an additional 16 holes at its 1,075-acre Agate uranium project in the Shirley Basin Uranium District of central Wyoming.
The holes were drilled to the north, west, and east of discovery hole AG-10-23 (16 feet of 0.081% eU3O8) and have successfully extended mineralization in each direction.
The Agate property is currently permitted for the drilling of 100 holes for 15,000 feet in Phase-1. Previous drilling by Kerr McGee delineated several areas of potential mineralization that the Strathmore Plus team will continue to follow up on in the ongoing Phase-1 program.
Check out our latest free research reports for in depth analysis on specific market trends.
View Reports
Historically, 55 million pounds of uranium were mined in Shirley Basin, including from open-pit, underground, and the first commercial in-situ recovery (ISR) operation in the United States during the 1960s.
The Strathmore Plus team believes the Agate property’s near-surface mineralization (~25’ to ~150’ depth) may be amenable to in-situ recovery, which is the preferred method for extracting uranium ore in North America.
Additionally, Strathmore Plus is advancing two other permitted uranium projects in Wyoming:
- Night Owl Uranium Project: Previous uranium producer (93 tons at a grade of 0.24% U3O8) in Wyoming’s Shirley Basin, which was closed due to low uranium prices at the time, not for lack of resource. The plan is to initiate a program of surface exploration and shallow drilling to substantiate the team’s theory as to the source of the uranium mineralization and the potential for future mining. Project is permitted for a 30-hole drill program totaling 3,000 feet with targets acquired through recently completed airborne radiometric and magnetic surveys.
- Beaver Rim Uranium Project: Located in central Wyoming adjacent to and south of Cameco’s Gas Hills Uranium Project. Historical and recent reports suggest 50-100 million pounds of uranium resources remain in the Gas Hills with significant discovery potential in the less explored areas to the south in the Beaver Rim area. Project is permitted for in-situ recovery.
With a highly experienced uranium mining team at the helm, the timing of Strathmore’s multi-project exploration is spot on with uranium now surging to decade-plus highs above US$65/lb. And as far as mining address goes, it really doesn’t get any better or safer for uranium exploration and development than Wyoming, USA.
Check out our premium publications for more trading recommendations and exclusive coverage on the markets.
View Publications
Our own Gerardo Del Real of Junior Resource Monthly sat down with Strathmore Plus Uranium director John DeJoia — who, by the way, has overseen the mining of over 20M lbs of uranium in Wyoming and has been in the industry for almost 50 years — to discuss the company’s impressive suite of Wyoming-based uranium exploration projects. Please enjoy!
For more information on Canada-based Strathmore Plus Uranium, be sure to contact the company’s IR department at 1-888-882-8177 or via email at info@strathmoreplus.com.
Sign up to receive updates directly from the company at the Strathmore Plus Uranium corporate website.
Mike Fagan
Editor, Resource Stock Digest
Click here to see more from Strathmore Plus Uranium