Business
Strathmore Acquires Former Producing Uranium Mine in Wyoming
Kelowna, British Columbia--(Newsfile Corp. - June 1, 2022) - Strathmore Plus Energy Corporati...
About this update from Strathmore Plus Uranium Corp.
[{"type":"text","content":"Strathmore Acquires Former Producing Uranium Mine in WyomingKelowna, British Columbia--(Newsfile Corp. - June 1, 2022) - Strathmore Plus Energy Corporation (TSXV: SUU.H) (OTC: SUUFF) (\"Strathmore Plus\" or \"the Company\") is pleased to announce that it has acquired by staking the Night Owl claims in the Shirley Basin uranium district of Wyoming. Night Owl was formerly mined by Night Owl Properties & Battle Axe Mining Co. producing 93 tons at a grade of 0.24% U3O8, which was mined at or near surface in the late 1950s to early 1960s. Production at Night Owl ceased due to low uranium prices ($7), not for lack of resource. Wyoming Uranium LLC, to be acquired by the Company, has strategically staked the core of the Night Owl production and the surrounding areas. The Night Owl area has not been properly explored using modern exploration techniques. Production began without drilling along outcrop exposures in the mid 1950s.Night Owl was originally discovered by aerial surveys using an aircraft-mounted scintillometer followed by surface radiometric surveys and sampling since the mineralization is at or near the surface (like how most Wyoming basins were originally discovered). The mineralization is located/contained within a brecciated zone lying beneath the unconformable contact that separates the much younger Shirley Basin sediments from 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. Historical documents suggest uranium mineralization upward of 1.0% U3O8. Additionally, elevated concentrations of molybdenum, nickel, vanadium, and phosphorous were noted in the historical analysis reports of the Night Owl mineralization. Battle Axe Mining produced uranium under contract with the Atomic Energy Commission (now the Department of Energy). The Shirley Basin historically produced more than fifty-one million pounds of uranium from the 1960s through the 1990s. Strathmore Plus's co- founder and technical advisor, John DeJoia, during his tenure at Utah international, oversaw the production of close to 20 million pounds of uranium in the Shirley Basin. The Night Owl project is located in Albany/Carbon Counties, Wyoming,...