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03-09-2010
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Nose Rock
Stage: Exploration & Development Pipeline

The Marquez Property was acquired in 2007. It contains an estimated 2,754,000 tons averaging .17% for a historical resource totaling 9,362,000 lbs U3O8 (Not NI 43-101 compliant). The historical resource estimate was calculated using the circle-tangent method, based on a cut-off grade of 0.10% and a minimum thickness of 6 feet. Uranium mineralization is hosted as "roll-front" deposits within sandstone units of the West Water Canyon Member of the Jurassic Morrison Formation. (Source: Kerr McGee Resources Internal Document, 1980)

The Marquez Property comprises 14,582 acres (~ 5,900 Ha), and includes the western extent of the historically known Marquez/Bokum ore body. The property was previously explored during the 1970s and 1980s by Kerr-McGee Resources Corporation, which at the time was one of the largest uranium mining companies in the world. Kerr-McGee drilled in excess of 390 exploratory drill holes (>800,000 feet total drilling) on the main property. In the late 1970s development of the Marquez mine began. Conventional underground production was expected to begin in the early 1980s and the Bokum mill was constructed approximately one mile away on an adjoining property. The Marquez project was abandoned when the uranium price collapsed, and the mill was subsequently dismantled.

In 2004, Strathmore acquired all pertinent historical data (gamma logs, geologic studies, feasibility studies, mine plans, etc) for the Marquez Property. This valuable information was included in the data base acquired along with the Roca Honda and Church Rock properties acquisitions. The Marquez property complements Strathmore's flagship Roca Honda Property.

Strathmore plans to complete a NI 43-101 report in 2009.


Previous Operator Resource
Classification
Tonnage Grade %U3O8 lbs/U3O8
Kerr McGee Historical: Measured,
Indicated & Inferred
2,754,000  
0.17
9,362,000
 






© 2007 Strathmore Minerals Corp.