
STM.V STOCK QUOTE
15:48 on
09-02-2010
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Historically, the Gas Hills Uranium District was the second largest uranium producing region in the United States during the last uranium cycle, with total production exceeding 100 million pounds. The majority of the production in this area was from conventional open-pit mining. The Gas Hills is located 45 miles east of Riverton Wyoming, home of the Company's US exploration and development office. John DeJoia, Sr. VP New Mexico Operations, Jim Crouch, VP Wyoming Operations, and Tom Powell, Strathmore's Senior Landman, all have extensive experience in mining management in the Gas Hills during the 1970's and 1980's.
Since 2005, 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). Significant infrastructure exists on and near the acquired properties, including haulage roads and electrical power lines. Primary focus has been on permitting the George Ver deposit, which is expected to be the first in a series of sequentially planned open pit deposits. One year of water quality and baseline environmental data has been collected, in addition to cultural (archeology), floral-faunal, meteorological and air sampling studies. Engineering designs of the planned open pits have also been completed. Strathmore plans to complete NI 43-101 compliant resource calculations in 2009. Milling options are under review.
A summary of historical resources (not NI 43-101 compliant) is shown in the table below.
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| Location |
Previous Operator |
Resource Classification |
Tonnage |
Grade %U3O8 |
lbs/U3O8 |
| Gas Hills (Bullrush, LocoLee, George-Ver), Wyoming |
Federal American Partners |
Historical: Measured & Indicated |
6,131,504 |
|
0.069 |
8,440,490 |
| Gas Hills (Frazier LeMac), Wyoming |
Pathfinder |
Historical: Demonstrated |
696,327 |
|
0.11 |
1,522,000 |
| Gas Hills (Andrea), Wyoming |
Federal American Partners |
Historical: Measured & Indicated |
739,565 |
|
0.06 |
949,100 |
| Gas Hills (East Day Loma), Wyoming |
Energy Fuels |
Historical: Measured & Indicated |
456,096
|
|
0.21 |
1,940,945 |
Gas Hills (Amazon), Wyoming
|
Federal American Partners |
Historical: Measured & Indicated |
284,572 |
|
0.064 |
365,019 |
| Gas Hills ( Sunset), Wyoming |
Federal American Partners |
Historical: Measured & Indicated |
1,394,924 |
|
0.065 |
1,812,376 |
| Gas Hills (New Rock Hill), Wyoming |
Adobe / Union Carbide |
Historical: Measured & Indicated |
900,000 |
|
0.05 |
900,000 |
| Gas Hills (Jeep), Wyoming |
Federal American Partners |
NI 43-101 Measured & Indicated |
316,636 |
|
0.08 |
483,395 |
NI 43-101 Inferred |
152,762 |
|
0.05 |
168,003 |
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