Strathmore
Increases Strategic Land Position By 300% at Night Owl
Kelowna, B.C,
December 12, 2022 -- InvestorsHub NewsWire -- Strathmore Plus
Uranium Corporation (TSX:SUU, OTC:SUUFF) ("Strathmore
Plus" or
"the
Company") is pleased to announce that the Company has
significantly increased the Night Owl land holdings by acquiring a
640-acre mineral lease from the State of Wyoming and staking 54 new
claims adjacent to the original claim group staked in 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,
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. As a result of the search, we acquired the
State lease, 4 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.
Mr. Terrence Osier, PG, Vice
President of Exploration for Strathmore commented "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."
Strathmore is assessing the data
generated 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.
*Notice
the area of the former Night Owl Mine Site (Red Circle) at the top
of the map and the larger (Orange and Red) areas of possible
mineralization at the bottom. Strathmore plans on targeting these
areas.
About
Strathmore Plus Uranium Corp.
Strathmore has 3 uranium projects
in Wyoming, including Beaver Rim, Agate and Night Owl.
The Night Owl property is a former producing
mine that was in production in the early 1960s. The Agate and Beaver Rim properties contain
uranium in Wyoming-type roll front deposits based on historical
drilling data. Strathmore received an exploration permit for
the Beaver Rim project in October, and is now applying for both
exploration and drilling permits for Night Owl and
Agate.
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