Kelowna, British Columbia--(Newsfile Corp. - November 7, 2022) - Strathmore Plus Uranium Corporation (TSXV: SUU) (OTC Pink: SUUFF) ("Strathmore Plus" or "the Company") is pleased to announce that it has received additional uranium assay results from mineralized samples removed from an outcrop at the Night Owl uranium project in the Shirley Basin. The four new samples were collected outside the area previously tested and reported. Uranium concentrations in the new area range from 0.26% U3O8 to 0.32% U3O8, and similar in nature to those previously sampled from boulders and other outcrop occurrences in the area.
Upon review of the latest Night Owl assay results, Mr. John DeJoia, Strathmore's Technical Advisor commented - "Looking back at my conventional mining experience, the biggest problems were usually miner training, ore (grade) control and mining dilution. Any training program required ore predictability and planning. If the miners could predict and plan their activities, production grades and volumes (dilution) could be maintained, and processing could be controlled. Having worked in the production world for a long time, it really encourages me to see the continuity of the grades we are seeing on this project. These assays are very promising for Night Owl."
The following table details the recent assay results in addition to those previously reported (see press releases dated September 20 and August 23, 2022).
| Sample ID |
% U |
% U3O8 |
Sample
Scintillometer
Readings (cps) |
| 7 (new) |
0.271 |
0.320 |
~4,000 |
| 8 (new) |
0.221 |
0.261 |
~3,100 |
| 9 (new) |
.0226 |
0.267 |
~3,200 |
| 10 (new) |
0.225 |
0.265 |
~3,200 |
| 1-1 |
0.283 |
0.334 |
~4,200 |
| 1-2 |
0.326 |
0.384 |
~4,800 |
| 2-1 |
0.189 |
0.223 |
~2,500 |
| 2-2 |
0.226 |
0.266 |
~3,000 |
| 3 |
0.209 |
0.246 |
~2,700 |
| 4 |
0.235 |
0.277 |
~3,300 |
| 5 |
0.194 |
0.229 |
~2,500 |
| 6 |
0.238 |
0.281 |
~3,500 |
The recent samples were obtained from an outcrop near where ~93 tons of ore at 0.24% U3O8 was previously mined in the 1950-60s. The mineralization 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.
About Strathmore Plus Uranium Corp.
Strathmore Plus is a uranium exploration company, focused on in-situ recoverable uranium deposits in the State of Wyoming. Strathmore has 3 projects, Agate, Beaver Rim and the former Uranium producing property, 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 no 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.
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