KELOWNA, BRITISH COLUMBIA--(Marketwire -04/13/12)- STRATHMORE MINERALS CORP. (TSX: STM.TO - News)(OTCQX: STHJF.PK - News) ("Strathmore" or the "Company") is providing the following update to its news release dated January 6, 2012.
Strathmore's consultant, Behre Dolbear and Company (USA), Inc., has completed a new independent NI 43-101 compliant technical report entitled, "Preliminary Economic Assessment of the Strathmore Resources (US) Ltd. Church Rock Deposit McKinley County, New Mexico, USA". The Company has submitted this report to the British Columbia Securities Commission ("BCSC") for review.
The Company further reports that Chlumsky, Armbrust & Meyer LLC ("CAM"), the consulting firm contracted to prepare a new independent NI 43-101 technical report for the Company's Gas Hills, Wyoming Properties, is proceeding on schedule. This report is expected to be completed for submission to the BCSC by the end of April.
As noted in the Company's August 19, 2011, December 6, 2011, and January 6, 2012, 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, and August 5, 2011, nor the Church Rock scoping study (now known as a 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