STM.V
STOCK
QUOTE
15:48 on
09-02-2010
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| Last: |
0.52 |
| High: |
0.55 |
| Low: |
0.52 |
| Volume: |
85240 |
| Change: |
 -0.02 |
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Stage: Exploration and Development Pipeline
The Company's Nose Rock property is known as Mine Unit #1, New Mexico mineral lease Section 36. The property is located northeast of Crownpoint within the Grants Mineral Belt. The Company has acquired through mineral leases, or by claim staking, an additional 7 sections contiguous or near the Section 36 lease. Strathmore's Nose Rock holdings now total 5,000 acres.
According to the previous operator Phillips Uranium, a division of Phillips 66 Oil Company in the 1970's, two parcels of land under the Company's control, Sections 1 and 36, contain a demonstrated resource of
6,694,217 tons ore at a grade of 0.135 % U3O8 which translates to
18,230,955 lbs U3O8 (Not NI 43-101 compliant). The discovery of the Unit
#1 deposit was announced in December, 1975 (p. 20, New Mexico Bureau of Mines and Minerals.)
In 2009, Strathmore plans to complete a NI 43-101 technical report
| Previous Operator |
Resource
Classification |
Tonnage |
Grade % U3O8 |
lbs/U3O8 |
Phillips Uranium (1979)
M. Alief, 43-101 (2009) |
NI 43-101 Measured & Indicated |
884,061 |
|
0.147 |
2,593,486 |
| NI 43-101 Inferred |
167,012 |
|
0.135 |
452,129 |
Phillips Uranium (1979)
M. Alief, 43-101 (2009) |
NI 43-101 Measured & Indicated |
4,293,712 |
|
0.163 |
14,017,298 |
| NI 43-101 Inferred |
89,870 |
|
0.159 |
285,787 |
|
