Strathmore Plus Uranium Corp. Receives Exploration Permit for Beaver Rim
Kelowna, Oct. 11, 2022 - Strathmore Plus Uranium Corporation (TSXV: SUU) (OTC: SUUFF) ("Strathmore Plus" or "the Company") is pleased to announce it has received a drilling and exploration permit from the state of Wyoming for its Beaver Rim project. This is Strathmore's largest project and lies immediately south and adjacent to Cameco's fully permitted Gas Hills in-situ recovery project. Historically defined mineralized trends located on Cameco controlled properties are projected to trend south beneath the Beaver Rim claims including the East Diamond, West Diamond, North Sage, and South Sage properties. Strathmore Minerals Corp. had previously done exploration work on Beaver Rim and discovered uranium mineralization on several of the claims that the company has acquired. The mineralization is contained within arkosic-rich sandstones of the Eocene-age Wind River Formation. Previous exploration discovered multiple zones of uranium mineralization, contained in classic, Wyoming-type roll-front deposits, from depths of 700 to 1,000 feet, which Strathmore Plus intends to test.
Mr. John DeJoia, Strathmore's Technical Advisor, commented on why Strathmore Plus staked the Beaver Rim property. "Beaver Rim made the most sense for the discovery of a major Uranium mineral deposit that was open. Strathmore's property lies immediately south of the Blackstone, Muskrat, and UPZ claims. When I was Chief Geologist and Director of Technical Services at Federal American Partners (FAP) we had an underground shaft constructed to the UPZ ore zone. I have seen the mineralization we had planned to mine. FAP fully planned to mine to the south towards our Beaver Rim claims, but due to economic conditions, FAP did not move ahead with mining. Strathmore's Beaver Rim property is the same geologic environment as the Gas Hills where 100 million pounds of U308 was mined. This is the area where all the mineralizing solutions moved to the Gas Hills. The Geology is the same as the Gas Hills. It was never given the exploration effort it deserved since FAP, Union Carbide, Utah.
"International (Pathfinder) and American Nuclear had so much proven mineral in the Gas Hills. We (Strathmore Plus) eagerly anticipate implementing our recently acquired Exploration Permit."
About Strathmore Plus Uranium Corp.
Strathmore Plus is a uranium exploration company, focused on in-situ recoverable uranium deposits in the State of Wyoming.
Cautionary Statement: Certain information contained in this press release constitutes "forward-looking information", within the meaning of Canadian legislation. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur", "be achieved" or "has the potential to". Forward-looking statements contained in this press release may include statements regarding the future operating or financial performance of Strathmore Plus Uranium Corp. which involve known and unknown risks and uncertainties which may not prove to be accurate. Actual results and outcomes may differ materially from what is expressed or forecasted in these forward-looking statements. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Among those factors which could cause actual results to differ materially are the following: market conditions and other risk factors listed from time to time in our reports filed with Canadian securities regulators on SEDAR at www.sedar.com. The forward-looking statements included in this press release are made as of the date of this press release and Strathmore Plus Uranium Corp. disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation.
Qualified Person
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 Uranium Corp., a Qualified Person.
Strathmore Plus Uranium Corp.
Contact Information:
Investor Relations
Telephone: 1 888 882 8177
Email: info@strathmoreplus.com
ON BEHALF OF THE BOARD
"Dev Randhawa"
Dev Randhawa, CEO
