QUEBEC - STRATHMORE MINERALS of Kelowna, B.C., believes its Dieter Lake property in the north-central part of the province contains as much as 24.4 million lb of U3O8. Using a cutoff grade of 200 ppm, the inferred resource is19.4 million tonnes averaging 0.057% U3O8.
The Dieter Lake mineralization occurs within a Lower Proterozoic sedimentary basin, in the Superior Structural Province. It exists as fine-grained, sooty pitchblende within a shale-wacke unit about 20 to 80 m above the unconformity. The area of interest is 0.2 to 3.0 m thick, with some parts as thick as 5.0 m. Mineralized material has been traced over an east-west distance of 8.0 km and in a north-south direction for 2.0 km.
The property was explored during the 1970s and early 1980s by Uranerz Exploration, and that company made a resource estimate of 21.3 million lb U3O8 at a grade of 0.049% U3O8. Results of the old drill holes were recalculated to create the current NI 43-101-compliant report.
Strathmore hopes to conduct a 5,000-m drill program beginning next spring. Technical reports covering the Dieter Lake project can be read at www.StrathmoreMinerals.com.
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