Strathmore Resources - SMR - A uranium play Message Board

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Gold/Mining/Energy : Strathmore Resources - SMR - A uranium play

SMR 32.46

-14.4%

Nov 6 3:59 PM EST

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To: Jim Ilchyshn who wrote (16)	11/14/1996 7:13:00 AM
From: Dan P	of 162

Jim and all: Strathmore announced taht it had entered into a letter on intent to purchase 100 % interst in 130 claims in the Gidwell mineral belt of San Rafael River Mining Area, Green River district, in central Utah. Previously, the Utah Geological and Mineral Survey (UGMS) estimated a potential for more than 8 million pounds of Uranium 308 that could be produced by conventional mining. The company believes that they may be able to prove up and mine more than is estimated. the cost of this will be $75,000 u.s. in cash, and C $115,000 in stock, and a 5 % royalty on uranium sales. This announcement came out on Nov 11, 1996. SMR is continuing to develop as a significant uranium play in the U.S. The stock remains strong, and is on Bishop's current best buy list. Regards Dan

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