Uranium More Than Doubles The Mineralized Zone At Agate

KELOWNA - Strathmore Plus Uranium Corporation continues to hit mineralization throughout the property and have more than doubled the size of the mineralized area since the start of the program.

The results of an additional 22 holes drilled at the Agate project in the Shirley Basin Uranium District of Wyoming, including holes drilled outward from the highest-grade drill hole to date, AG-16-23 (21 ft of 0.089% @ 79-100 ft). Drilling has extended the known mineralization in all directions of AG-16-23 and discovery hole AG-10-23 (16 ft of 0.081% eU3O8 @ 82-98 ft). Two new drill holes, AG-47-23 (13 ft of 0.082% eU3O8 @ 81-94 ft), and AG-48-23 (13 ft of 0.054% eU3O8 @ 84.5-97.5 ft), were drilled 100 ft west and north of the discovery hole, respectively. The company is currently targeting prospective lands to the west and east along the projected roll front, with the intent to lengthen the lateral extent of the uranium mineralization into areas with little previous exploration.

John DeJoia P.Geo. and Director, commented, "The drilling results to date support what our expectations were of the Agate project. The mineralization is shallow, with the thickness, quality grades, and requisite permeability, porosity, and transmissivity parameters necessary for in-situ recovery of uranium, all of which the Shirley Basin district is notable for in the mining industry."

Phase 1 of exploratory drilling at the Agate project is targeting the Lower "A" sand of the Eocene Wind River Formation, an arkosic-rich sandstone which is noted for its high porosity, permeability, and transmissivity. Strathmore is exploring an area of the Agate project where historical drilling completed by Kerr McGee Corporation in the 1970s encountered uranium roll-front deposits, saturated with groundwater, from 80-150 ft deep. The intercept results for the 22 new holes are reported at a minimum thickness of 2-ft and a grade cutoff of 0.02% eU3O8 (equivalent uranium).

The Agate property consists of 52 wholly owned lode mining claims covering 1,075 acres. The uranium mineralization is contained in classic Wyoming-type roll fronts within the Eocene Wind River Formation, an arkosic-rich sandstone. Historically, 51 million pounds of uranium were mined in Shirley Basin, including from open-pit, underground, and the first commercial in-situ recovery operation in the USA during the 1960s. At the property, the uranium mineralization is shallow, from 15 to approximately 150 ft deep, much of which is below the water table and likely amenable to in-situ recovery. Kerr McGee Corporation, the largest US uranium mining company at the time, drilled at least 650 holes across the project area, delineating several targets of potential mineralization the Company intends to explore during the Phase 1 project.