Kelowna, British Columbia – Strathmore Plus Energy Corp. (TSXV: SUU.H) (OTC Pink: SUUFF) (“Strathmore Plus” or “the Company“) is pleased to announce the acquisition of uranium mining claims in the State of Wyoming by purchase of Wyoming Uranium LLC. The group of claims are located in the Gas Hills Uranium District, the #1 uranium mining area in Wyoming. Past production in the Gas Hills exceeded 100 million pounds of uranium. Historical and recent reports suggest 50-100 million pounds of uranium resources remain in the Gas Hills, with significant discovery potential in the less explored areas to the south, in the Beaver Rim area.
Mr. John DeJoia, P.Geo, Company Technical Advisor, who has extensive experience in the Gas Hills, commented,”I am very excited about these acquisitions for the company, having explored and mined through much of the United States, Wyoming was the obvious choice. It is home to some of America’s largest uranium discoveries. We wanted the property to be located in a political entity favourable to Uranium exploration, development, permitting and production that possessed the geologic regime and depositional environment suitable for the existence of typical “Wyoming roll front” systems. The land we found is directly adjacent to the Gas Hills and meets all of our requirements with room to explore. It also has roads and utilities in the area which is a big advantage for us.”
New Property Update
Beaver Rim Exploration Project
The new Exploration Project consists of 131 lode mining claims totaling 2,706 acres in the Beaver Rim area, which lies immediately south of the main Gas Hills District. The claims were strategically located in areas previously delineated by drilling as highly prospective for uranium mineralization. The claim groups are adjacent to and south of Cameco’s Gas Hills Uranium Project that is fully permitted for in-situ recovery. A portion of Cameco’s property also extends atop Beaver Rim, where previous drilling delineated their Peach deposits.
Previous exploration on Beaver Rim, including as recently as 2012 by Strathmore Minerals Corp., discovered uranium mineralization on several of the claims acquired under this purchase agreement. The mineralization is contained within arkosic-rich sandstones of the Eocene-age Wind River Formation. On the Beaver Rim Exploration Project, previous exploration discovered multiple zones of uranium mineralization, contained in classic, Wyoming-type roll-front deposits, from depths of 700 to 1,000 feet. Strathmore Plus intends to permit the properties for exploratory drilling slated for summer 2022.
Strathmore Plus has acquired Wyoming Uranium LLC, a Wyoming Corporation, which owns 131 lode mining claims in the State of Wyoming. The agreement includes payment of US$25,000 and the issuance of 750,000 shares of Strathmore Plus to the vendors.
Project Map and Area:
To view an enhanced version of this map, please visit:
About Strathmore Plus Energy Corp.
Strathmore Plus is a uranium exploration company, focused on in-situ recoverable uranium deposits in the State of Wyoming.
The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed on behalf of the company by Terrence Osier, P.Geo., Vice President, Exploration of Strathmore Plus Energy Corp., a Qualified Person.
Strathmore Plus Energy Corp.
Telephone: 1 888 882 8177
ON BEHALF OF THE BOARD
Dev Randhawa, CEO
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