Strathmore Updates Status of Gas Hills and Church Rock Technical Reports
KELOWNA, BRITISH COLUMBIA -- (Marketwire) -- 01/06/12 -- STRATHMORE MINERALS CORP. ('Strathmore' or the 'Company') (TSX: STM)(OTCQX: STHJF) announces that it has engaged Chlumsky, Armbrust & Meyer LLC ('CAM'), an international mineral resources and engineering consulting firm based in Lakewood, Colorado, to prepare a new independent NI 43-101 technical report for the Company's Gas Hills Properties. A new technical report has been commissioned as a result of deficiencies identified by the British Columbia Securities Commission ('BCSC') in its 'limited technical disclosure' review of the Company's Gas Hills technical report. Based on CAM's current review of all existing available data, it is expected that a new technical report for the Gas Hills Properties will be completed by late April.
The Company further reports that it is continuing to work with the author of the 'Scoping Study of the Strathmore Resources (US) Ltd. Church Rock Deposit McKinley County, New Mexico USA' to ensure that this technical report is NI 43-101 compliant. The Company anticipates that revisions to the Church Rock technical report will be completed within the next 45 days.
As noted in the Company's August 19, 2011 and December 6, 2011 press releases, investors should not rely on the previously filed technical reports for Gas Hills or Church Rock and should not rely on the mineral resources for Gas Hills disclosed in the Company's press releases dated July 21, 2011 or August 5, 2011 nor the Church Rock preliminary economic assessment disclosed in the Company's news release dated April 5, 2011.
The technical information in this news release has been reviewed by David Miller, Chief Executive Officer for Strathmore Minerals Corp., a Qualified Person under National Instrument 43-101.
STRATHMORE MINERALS CORP. is a Canadian based resource company specializing in the strategic acquisition, exploration and development of uranium properties in the United States. Headquartered in Vancouver, British Columbia with a branch administrative office in Kelowna, the Company also has U.S. based Development Offices in Riverton, Wyoming and Santa Fe, New Mexico. STRATHMORE MINERALS CORP. Common Shares are listed on the TSX under the symbol 'STM' and trade on the OTCQX International electronic trading system in the United States under the symbol 'STHJF'.
This news release contains forward-looking statements, including statements regarding the timing of the new technical report for the Gas Hills project, the timing of the revised technical report for the Church Rock Project and the resolution of the issues raised in the BCSC's limited technical disclosure review. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Such forward-looking statements are made as of the date of this press release and the Company assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.
ON BEHALF OF THE BOARD:
David Miller, CEO
Contacts:
Strathmore Minerals Corp.
Craig Christy
Investor Relations
1-800-647-3303
info@strathmoreminerals.com
www.strathmoreminerals.com