Source: Strathmore Plus Uranium Corp.
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Strathmore Plus Uranium Corporation (SUU) has increased the Night Owl land holdings
  • The company acquired a 640-acre mineral lease from the State of Wyoming and staked 54 new claims adjacent to the original claim group
  • The geologic setting of the properties is similar to that at the Night Owl mine, which was a producing uranium mine in the early 1960s
  • Strathmore Plus Uranium Corp is a uranium exploration company
  • Strathmore Plus Uranium Corp. opened trading at $0.29

Strathmore Plus Uranium Corporation (SUU) has increased the Night Owl land holdings.

The company acquired a 640-acre mineral lease from the State of Wyoming and staked 54 new claims adjacent to the original claim group staked in the spring of 2022.

The geologic setting of the properties is similar to that at the Night Owl mine, which was a producing uranium mine in the early 1960s.

Strathmore has developed an exploration model to target additional acquisitions similar to our Night Owl property.

This includes investigating similar geology (age, rock type, unconformity), proximity to the source rocks, the orientation of the source rock dikes that intrude the adjacent granitic rocks, and direction of the paleo-channel drainage for source transport from the dikes to the breccia layer for final mineralization.

Consequently, the company acquired the State lease four miles northwest of the claim group.

Strathmore plans to complete the geophysical survey in the upcoming year and start exploring the new parcels to increase the extent of uranium mineralization at the project.

“We acquired the additional adjacent claims because they cover the same geologic formations, and results of the geophysical survey indicate many additional and impressive areas of radiometric anomalies similar to the Night Owl mine site,” said Terrence Osier, PG, Vice President of Exploration for Strathmore.

Strathmore is reviewing the data obtained from the geophysical survey and is preparing an application to explore the project by trenching, shallow drilling, and other geophysical means in the coming year.

Strathmore Plus Uranium Corp. has three uranium projects in Wyoming, including Beaver Rim, Agate and Night Owl.

Strathmore Plus Uranium Corp is a uranium exploration company.

Strathmore Plus Uranium Corp. opened trading at $0.29.


More From The Market Herald

" @ the Bell: Tech leads TSX comeback

It was another rocky day for Canada’s main stock index that ultimately ended up in the green thanks to a lead powered by
Geomega Resources - President & CEO, Kiril Mugerman

" Geomega Resources (TSXV:GMA) granted $3M for recycling demo plant

Geomega Resources (GMA) has been awarded a $3 million grant from the government of Quebec’s Technoclimat Program.
First Hydrogen Corp. - CEO of Automotive, Steve Gill.

" First Hydrogen (TSXV:FHYD) unveils next gen FCEV images

First Hydrogen (FHYD) has received the initial Generation II images for its hydrogen fuel cell vehicle (FCEV), designed in collaboration with EDAG Group.

" Stelmine (TSXV:STH) confirms surface mineralization at the Meridian Gold Zone

Stelmine (STH) released the results of 1,950 metres of drilling from 13 holes in the Meridian Zone of the Mercator property, located in