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Gas Hills
Gas Hills

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.

.

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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© 2007 Strathmore Minerals Corp.