The Company's Nose Rock property is in the area known as Mine Unit #1, in the State of New Mexico mineral lease Section 36. Nose Rock lies to the 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. The Nose Rock Property as a whole consists of 5,000 acres of land.

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. The discovery of the Unit #1 ore body was announced in December, 1975 (p. 20, New Mexico Bureau of Mines and Minerals.) As announced in the company's press release dated Sept. 20, 2007, has completed a formal option and joint venture agreement with Nu-Mex Uranium Resources Inc. ("Nu-Mex") to explore and develop Strathmore's Nose Rock properties.

The completed agreement provides that Strathmore will grant Nu-Mex sole and exclusive right to earn-in up to a 65% interest in the Nose Rock Project for a $250,000 cash payment, 5,000,000 Nu-Mex shares and $44,500,000 in work commitments over seven years.

Strathmore has the right to pay US $25,000,000 to earn back a 16% interest in the Nose Rock Property if it so chooses.