Strathmore Provides Update on Securities Commission Review of Gas Hills and Church Rock Technical Reports
KELOWNA, BRITISH COLUMBIA -- (Marketwire) -- 12/06/11 -- STRATHMORE MINERALS CORP. (TSX: STM)(OTCQX: STHJF) ('Strathmore' or the 'Company') announced today that it is continuing to work with the British Columbia Securities Commission ('BCSC') in connection with the BCSC's 'limited technical disclosure' review of the Company's technical reports for Gas Hills and Church Rock, which was previously announced on August 19, 2011.
After extensive review of the Technical Report on the Gas Hills Uranium Project, Fremont and Natrona Counties, Wyoming dated July 20, 2011 and consultation with the BCSC, the Company has determined to engage a new technical report author to prepare a new technical report on the Gas Hills project. The Company is continuing to work with the authors of the Scoping Study of the Strathmore Resources (US Ltd.) Church Rock Deposit McKinley County, New Mexico USA to ensure that the report is fully NI 43-101 compliant.
As noted in the Company's August 19, 2011 press release, investors should not rely on the previously filed technical reports for Gas Hills or Church Rock and should not rely on the mineral resources for Gas Hills disclosed in the Company's press releases dated July 21, 2011 or August 5, 2011 or the preliminary economic assessment of Church Rock disclosed in the Company's news release dated April 5, 2011.
STRATHMORE MINERALS CORP. is a Canadian based resource company specializing in the strategic acquisition, exploration and development of uranium properties in the United States. Headquartered in Vancouver, British Columbia with a branch administrative office in Kelowna, the Company also has U.S. based Development Offices in Riverton, Wyoming and Santa Fe, New Mexico. STRATHMORE MINERALS CORP. Common Shares are listed on the TSX under the symbol 'STM' and trade on the OTCQX International electronic trading system in the United States under the symbol 'STHJF'.
This news release may contain forward-looking statements, including statements regarding the resolution of the BCSC's limited technical disclosure review and the engagement of a new technical report author for the Gas Hills Project. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Such forward-looking statements are made as of the date of this press release and the Company assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.
ON BEHALF OF THE BOARD:
David Miller, CEO
Contacts:
Strathmore Minerals Corp.
Craig Christy
Investor Relations
1-800-647-3303
info@strathmoreminerals.com
www.strathmoreminerals.com