Stage: Exploration & Development Pipeline

The Chord Property, located in Fall River County, comprises 22 unpatented lode mining claims totaling 440 acres. Previous operators included Union Carbide and Tennessee Valley Authority (TVA). The uranium mineralization occurs within sandstones of the Chilson Member of the Cretaceous Lakota Formation.

Depth to the mineralization is shallow, and is generally less than 500 ft. The deposit can be classified as a "roll front" type. A vanadium credit of 1:1 to 1:2 parts uranium is present. Based on previous exploration drilling, a historical resource of 3.8 million lbs U3O8 was outlined, with significant additional exploration potential. (Not NI43-101 compliant)

The Federal Government through the United States Forest Service (USFS) has recently considered designating USFS lands surrounding the Chord properties as a possible wilderness area. Should a wilderness area be formally adopted under the Federal Wilderness Act, the Company's ability to develop this project may be negatively impacted. Strathmore has since decided to terminate its development plans for this non-core property, and has written off its mineral property costs.