Penny_Agent
12 months ago
There was a news release yesterday >>
Strathmore Submits Permit to Drill Flagship Night Owl Project
Kelowna, British Columbia--(Newsfile Corp. - May 8, 2023) - Strathmore Plus Uranium Corporation (TSXV: SUU) (OTC Pink: SUUFF) ("Strathmore Plus" or "the Company") is pleased to announce that it has submitted an application to drill on the Night Owl property. The exploratory plan includes 30 drill sites and 3,000 feet of drilling, to expand the areas of known uranium mineralization, that Night Owl produced from in the 1960s. Strathmore is excited to utilize new, modern geophysical techniques to get a much better understanding of the geology in the area relative to uranium deposition. The Company has been able to identify new targets with even greater potential than the original Night Owl mine site. Strathmore is convinced these new techniques, including the highly successful near-surface, airborne radiometric and magnetic surveys, coupled with a ground-gravity survey, that have provided excellent new targets will result in the company once again get the mine back into production. Completion of the surveys by MWH Geo-Surveys of Reno, Nevada, is slated for early summer. They will include the 640-acre state mineral lease the Company recently acquired in late 2022.
The lead federal and state agencies in charge of reviewing, approving, and permitting the drilling activities are the US Bureau of Land Management and the State of Wyoming's Department of Environmental Quality, Land Quality Division. The permitting process will include a review of potential cultural sites and possible impacts to wildlife and vegetation. The Company anticipates receipt in summer 2023 of a permit to explore, followed by drilling in the autumn months.
Mr. John DeJoia P.Geo. and Director, stated, "With the ability to better understand the geologic regime at Night Owl, I believe we can truly benefit from today's advanced uranium exploration techniques. When I first learned of the Night Owl property from its original owner, the exploration tools used to first locate the Night Owl property were very basic airborne scintillometers. The knowledge of the Shirley Basin geology and the nearby uranium deposits was just being learned. Strathmore has studied the geology of the area and has an advanced understanding of the deposition of the uranium at Night Owl. We have employed new geophysical methods to better identify areas for drilling and sampling. The Night Owl uranium mineralization does not fit the widespread roll-front model, that and its higher grades, make this a very intriguing and promising project."
About the Night Owl Project
The Night Owl uranium deposit was initially discovered by airborne scintillometer in the mid 1950s. The original owners received a mining allotment from the Atomic Energy Commission (now the US Dept. of Energy), and over the ensuing years they recovered several 100 tons of ore. grading 0.24% U3O8 to the receiving facility in Riverton, Wyoming. As the AEC purchase agreements decreased and uranium prices dropped, production at Night Owl eventually ceased. In the mid 1970s, Mr. John DeJoia, P.Geo., a Director of Strathmore working nearby in the Shirley Basin uranium mines, was first introduced to the Night Owl project and its intriguing near-surface, higher-grade uranium mineralization that differs greatly from the typical roll-front uranium deposits in Wyoming. The uranium is contained within a brecciated zone lying at the unconformable contact between the Mississippian Madison Formation (limestone) and the overlying Pennsylvanian-Permian Casper Formation (sandstone). The 7- to 10-foot-thick zone of breccia consists of voids filled with silicious materials containing complex uranium minerals, including uranyl phosphates.
In 2022, upon this knowledge of Night Owl, Strathmore initially staked 28 mining claims, increasing to 82 claims upon highly successful assay results and modern geophysical surveying. Having collected samples from grabbed rock to in-place outcrop near the initially mined area, ten assay results were reported by Strathmore, ranging from 0.229 to 0.384% U3O8, confirming and exceeding the historically reported mined average. Many of the claims were staked after the intriguing initial results from the near-surface, airborne radiometric and magnetic surveys, coupled with those of a ground-gravity survey. These surveys are slated for completion in early summer 2023, including at additional lands within 4 miles acquired in late 2022, a 640-acre state mineral lease with similar geologic host strata as the Night Owl mine site. Upon receipt of the exploration permit, Strathmore intends to drill and collect samples for assaying and downhole geophysical data across areas of notably higher radioactivity based on the airborne survey.
About Strathmore Plus Uranium Corp.
Strathmore has 3 uranium projects in Wyoming, including Agate, Beaver Rim, and Night Owl. The Agate and Beaver Rim properties contain uranium in Wyoming-type roll front deposits based on historical drilling data. The Night Owl property is a former producing mine that was in production in the early 1960s. Strathmore received an exploration permit for the Beaver Rim project in October 2022 and for the Agate project in April 2023, and is now applying for both exploration and drilling permits for Night Owl.
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
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
https://finance.yahoo.com/news/strathmore-submits-permit-drill-flagship-080500962.html
$SUUFF
AyaStocks
12 months ago
This had news yesterday!
Strathmore Submits Permit to Drill Flagship Night Owl Project
Kelowna, British Columbia--(Newsfile Corp. - May 8, 2023) - Strathmore Plus Uranium Corporation (TSXV: SUU) (OTC Pink: SUUFF) ("Strathmore Plus" or "the Company") is pleased to announce that it has submitted an application to drill on the Night Owl property. The exploratory plan includes 30 drill sites and 3,000 feet of drilling, to expand the areas of known uranium mineralization, that Night Owl produced from in the 1960s. Strathmore is excited to utilize new, modern geophysical techniques to get a much better understanding of the geology in the area relative to uranium deposition. The Company has been able to identify new targets with even greater potential than the original Night Owl mine site. Strathmore is convinced these new techniques, including the highly successful near-surface, airborne radiometric and magnetic surveys, coupled with a ground-gravity survey, that have provided excellent new targets will result in the company once again get the mine back into production. Completion of the surveys by MWH Geo-Surveys of Reno, Nevada, is slated for early summer. They will include the 640-acre state mineral lease the Company recently acquired in late 2022.
The lead federal and state agencies in charge of reviewing, approving, and permitting the drilling activities are the US Bureau of Land Management and the State of Wyoming's Department of Environmental Quality, Land Quality Division. The permitting process will include a review of potential cultural sites and possible impacts to wildlife and vegetation. The Company anticipates receipt in summer 2023 of a permit to explore, followed by drilling in the autumn months.
Mr. John DeJoia P.Geo. and Director, stated, "With the ability to better understand the geologic regime at Night Owl, I believe we can truly benefit from today's advanced uranium exploration techniques. When I first learned of the Night Owl property from its original owner, the exploration tools used to first locate the Night Owl property were very basic airborne scintillometers. The knowledge of the Shirley Basin geology and the nearby uranium deposits was just being learned. Strathmore has studied the geology of the area and has an advanced understanding of the deposition of the uranium at Night Owl. We have employed new geophysical methods to better identify areas for drilling and sampling. The Night Owl uranium mineralization does not fit the widespread roll-front model, that and its higher grades, make this a very intriguing and promising project."
About the Night Owl Project
The Night Owl uranium deposit was initially discovered by airborne scintillometer in the mid 1950s. The original owners received a mining allotment from the Atomic Energy Commission (now the US Dept. of Energy), and over the ensuing years they recovered several 100 tons of ore. grading 0.24% U3O8 to the receiving facility in Riverton, Wyoming. As the AEC purchase agreements decreased and uranium prices dropped, production at Night Owl eventually ceased. In the mid 1970s, Mr. John DeJoia, P.Geo., a Director of Strathmore working nearby in the Shirley Basin uranium mines, was first introduced to the Night Owl project and its intriguing near-surface, higher-grade uranium mineralization that differs greatly from the typical roll-front uranium deposits in Wyoming. The uranium is contained within a brecciated zone lying at the unconformable contact between the Mississippian Madison Formation (limestone) and the overlying Pennsylvanian-Permian Casper Formation (sandstone). The 7- to 10-foot-thick zone of breccia consists of voids filled with silicious materials containing complex uranium minerals, including uranyl phosphates.
In 2022, upon this knowledge of Night Owl, Strathmore initially staked 28 mining claims, increasing to 82 claims upon highly successful assay results and modern geophysical surveying. Having collected samples from grabbed rock to in-place outcrop near the initially mined area, ten assay results were reported by Strathmore, ranging from 0.229 to 0.384% U3O8, confirming and exceeding the historically reported mined average. Many of the claims were staked after the intriguing initial results from the near-surface, airborne radiometric and magnetic surveys, coupled with those of a ground-gravity survey. These surveys are slated for completion in early summer 2023, including at additional lands within 4 miles acquired in late 2022, a 640-acre state mineral lease with similar geologic host strata as the Night Owl mine site. Upon receipt of the exploration permit, Strathmore intends to drill and collect samples for assaying and downhole geophysical data across areas of notably higher radioactivity based on the airborne survey.
About Strathmore Plus Uranium Corp.
Strathmore has 3 uranium projects in Wyoming, including Agate, Beaver Rim, and Night Owl. The Agate and Beaver Rim properties contain uranium in Wyoming-type roll front deposits based on historical drilling data. The Night Owl property is a former producing mine that was in production in the early 1960s. Strathmore received an exploration permit for the Beaver Rim project in October 2022 and for the Agate project in April 2023, and is now applying for both exploration and drilling permits for Night Owl.
https://finance.yahoo.com/news/strathmore-submits-permit-drill-flagship-080500962.html
$SUUFF
BCNstocks
12 months ago
NEWS 5/9/23:
Uranium Mining Stocks: The Hidden Gems of the Clean Energy Market (RIO, BHP, CCJ, SUUFF)
https://m.marketscreener.com/quote/stock/CAMECO-CORPORATION-1409364/news/Uranium-Mining-Stocks-The-Hidden-Gems-of-the-Clean-Energy-Market-RIO-BHP-CCJ-SUUFF-43785116/
Uranium is one of the essential components for nuclear energy production. It is a rare and valuable mineral that is found in various parts of the world. The demand for uranium has been growing steadily in recent years as nuclear power is increasingly recognized as a green energy solution that can help reduce carbon emissions.
Nuclear energy is a safe, reliable, and clean source of electricity that does not emit greenhouse gases. Nuclear energy has been quietly powering America with clean, carbon-free electricity for the last 60 years, and it's clear that this energy source has proven to be reliable and efficient. In fact, did you know that nearly a fifth of the country's electricity comes from nuclear power each year? With energy independence and a reduced carbon footprint being top priorities for many investors, the uranium mining sector presents a unique opportunity to invest in safe, green energy.
As countries around the world seek to reduce their carbon footprint, the demand for uranium is expected to grow in the coming years. There are several factors driving the demand for uranium, including the growth of nuclear power in emerging economies, the need to replace aging nuclear reactors, and the increasing adoption of nuclear energy in response to climate change.
As the world continues to shift towards cleaner and more sustainable energy sources, the nuclear energy sector is emerging as a strong player in the race for a greener future. If you're looking to invest in the future of clean energy, it's time to take a closer look at the potential of nuclear power.
The entire uranium sector is seeing a surge in interest, and there are some larger companies that can take advantage of this trend. Three of the major players in the sector are:
Rio Tinto Group (NYSE:RIO) engages in the exploration, mining, and processing of mineral resources. It operates through the following business segments: iron ore, aluminum, copper, diamonds, energy and minerals, and other operations.
BHP Group (NYSE:BHP) is a resources company operating globally, with operations in Australia, Europe, China, Japan, India, South Korea, America, South America , and other parts of Asia. It has three main segments: copper, iron ore, and coal. The company mines various minerals, including copper, silver, zinc, molybdenum, uranium, gold, iron ore, metallurgical coal, and energy coal. It also engages in nickel mining, smelting, and refining, as well as potash development.
Cameco Corporation (NYSE:CCJ) provides uranium for the generation of electricity. It operates through two segments: uranium and fuel services. The Uranium segment is involved in the exploration for, mining, milling, purchase, and sale of uranium concentrate.
While these industry giants have a considerable presence in the uranium sector, there are also exciting opportunities for smaller companies. Let's take a closer look at three smaller companies that are more directly involved in the uranium sector and have the potential to capitalize on the current interest in uranium mining.
Strathmore Plus Uranium Corp. (OTC:SUUFF) is an exploration-stage company that engages in the acquisition, exploration, and development of resource properties. Strathmore has three uranium projects in Wyoming, including Agate, Beaver Rim, and Night Owl.
Something that sets SUUFF apart from other players in the uranium sector is location. Wyoming has a long history of supporting mining companies, with a favorable regulatory environment, abundant mineral reserves, and a business-friendly climate. Wyoming is the largest producer of uranium in the US. For example, in 2018, it produced 78% of all U.S. uranium. Another benefit of being located in Wyoming is that drilling costs are significantly cheaper compared to other popular locations in North America, such as the Athabasca Basin in Canada.
Based on historical drilling data, Agate and Beaver Rim have shown promising uranium deposits in the form of Wyoming-type roll-front deposits. And with exploration permits already secured for both properties, Strathmore is well on its way to uncovering their full potential.
But that's not all: Strathmore's Night Owl property is a former producing mine that was in operation in the early 1960s. With a rich history and a proven track record, Night Owl has the potential to be a major player in the uranium sector once again.
Strathmore has submitted an application to drill on the property, with plans to expand the areas of known uranium mineralization using new modern geophysical techniques. The exploratory plan includes 30 drill sites and 3,000 feet of drilling, with the company hoping to utilize highly successful near-surface, airborne radiometric, and magnetic surveys, coupled with a ground-gravity survey, to get a much better understanding of the geology in the area relative to uranium deposition. The completion of the surveys by MWH Geo-Surveys of Reno, Nevada, is slated for early summer.
Mr. John DeJoia, P.Geo. and Director, stated, "With the ability to better understand the geologic regime at Night Owl, I believe we can truly benefit from today's advanced uranium exploration techniques. When I first learned of the Night Owl property from its original owner, the exploration tools used to first locate the Night Owl property were very basic airborne scintillometers. The knowledge of the Shirley Basin geology and the nearby uranium deposits was just being learned. We have employed new geophysical methods to better identify areas for drilling and sampling. The Night Owl uranium mineralization does not fit the widespread roll-front model, and that and its higher grades make this a very intriguing and promising project."
Strathmore is excited to utilize new, modern geophysical techniques to identify new targets with even greater potential than the original Night Owl mine site. Upon receipt of the exploration permit, Strathmore intends to drill and collect samples for assaying and downhole geophysical data across areas of notably higher radioactivity based on the airborne survey.
The lead federal and state agencies in charge of reviewing, approving, and permitting the drilling activities are the US Bureau of Land Management and the State of Wyoming's Department of Environmental Quality, Land Quality Division. The permitting process will include a review of potential cultural sites and possible impacts on wildlife and vegetation. SUUFF expects to receive an exploration permit in the summer of 2023, followed by drilling in the Fall.
Overall, Strathmore Plus Uranium Corporation is a promising exploration-stage company with a portfolio of uranium projects in Wyoming, including a former producing mine with high potential for future production. With exploration permits already secured and plans to utilize modern geophysical techniques to identify new targets, Strathmore is well-positioned to uncover significant uranium deposits and create value for investors in the uranium sector.
Fission Uranium Corp. (OTC:FCUUF) is a Canadian uranium project developer with a primary focus on the exploration and development of uranium resource properties in Canada. The company's flagship asset is the Patterson Lake South property, a proposed high-grade uranium mine and mill located in the Athabasca Basin region of Saskatchewan.
Fission Uranium Corp. has achieved a major milestone by submitting an application for a license to construct a uranium mine and mill facility at their high-grade uranium project in Canada's Athabasca Basin. This significant development brings the company closer to the realization of its proposed PLS project, and with the commencement of front-end engineering design, Fission is demonstrating its commitment to meeting its targets on schedule. In addition, the completion of geotechnical drilling, hydrogeological holes, test pits, and downhole vertical seismic profiling geophysical surveys showcases Fission's dedication to exploration and project advancement.
Ross McElroy, President and CEO for Fission, commented, "I am very pleased to confirm that the construction license application for the PLS project has been submitted." Additionally, we have successfully completed our winter field program, and the front-end engineering design work is well underway. Our development path to production is progressing on schedule, and at the same time, the fundamentals for uranium continue to strengthen in line with the global reactor construction boom."
Denison Mines Corp. (OTC:DNN) is a uranium exploration and development company with a primary focus on the Athabasca Basin region of northern Saskatchewan, Canada. The company's flagship project is the Wheeler River Uranium Project, in which it has an effective 95% interest. This project is the largest undeveloped uranium project in the eastern portion of the Athabasca Basin and benefits from existing infrastructure.
Denison also holds interests in several uranium deposits and the McClean Lake uranium mill, including a 22.5% ownership interest in the McClean Lake joint venture, which processes ore from the Cigar Lake mine under a toll milling agreement. Additionally, the company has a 25.17% interest in the Midwest Main and Midwest A deposits and a 67.41% interest in the Heldeth Tue and Huskie deposits on the Waterbury Lake property, all of which are located within 20 kilometers of the McClean Lake mill.
Denison's exploration portfolio includes interests in properties covering approximately 300,000 hectares in the Athabasca Basin region. Through its 50% ownership of JCU, the company holds interests in various uranium project joint ventures in Canada, including the Millennium project (JCU 30.099%), the Kiggavik project (JCU 33.8118%), and Christie Lake (JCU 34.4508%).
In addition to its exploration and development activities, Denison is also engaged in post-closure mine care and maintenance services through its Closed Mines group. This group manages Denison's reclaimed mine sites in the Elliot Lake region and provides related services to certain third-party projects.
As an investor in the uranium sector, Denison's strategic positioning in the Athabasca Basin, as well as its ownership interests in the McClean Lake joint venture and JCU, offer exposure to some of the largest and most promising uranium projects in Canada.
$SUUFF
Strathmore Plus Uranium Corp. (OTC:SUUFF)
Corporate Website: https://www.strathmoreplus.com/
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