Strathmore has acquired eight areas of known mineralization in the Gas Hills Uranium District. The Company's land holdings now total more than 33,000 acres (13,000+ Ha). Historically, the Gas Hills Uranium District was one of the most prolific uranium producing areas in the United States during the last uranium cycle, with total production exceeding 100 million pounds.

The Gas Hills area is located 45 miles east of Riverton Wyoming, home of the Company's US exploration and development office. The majority of the production in this area was from conventional open-pit mining.

Primary focus has been to develop the George-Ver, Bullrush, and Loco-Lee deposits, which were extensively drilled in the 1970's and planned for open-pit development during the 1980's by Federal-American Partners (FAP). Strathmore's current VP of Technical Services, John DeJoia was the Chief Geologist and Manager of Technical Services for FAP at the time. FAP's operating subsidiary, American Nuclear Corp., successfully mined and operated a mill that produced in excess of 20 million pounds uranium oxide. Tom Powell, Strathmore's Senior Landman also managed the properties for over 10 years in the 1970's and 80's. Recently, the properties were held by Power Resources Inc (CAMECO's U.S. based subsidiary) but were abandoned in 2001, prior to the current upsurge in the price of uranium. The uranium is hosted within roll-front deposits of Eocene Wind River Formation sandstones. Significant infrastructure exists on and near the acquired properties, including haulage roads and electrical power lines.

According to historical documents, the three properties were originally designed to produce a total of 1,580,000 lbs. U3O8 uranium from eight shallow open-pits. In addition these documents reported total uranium mineralization on the properties of 8,440,490 lbs U3O8 (.035% cutoff), which included the proposed shallow open-pits.

In 2008, the Company will continue permitting activities including: groundwater quality monitoring, exploration drilling, engineering design of open pits and NI 43-101 report preparation. .