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Strathmore to acquire Marquez Uranium Property in New Mexico
Posted on September 19, 2007
Strathmore Minerals Corporation [TSX-V:STM] shares jumped 5% to C$2.76 on Wednesday after announcing that it will acquire the Marquez Uranium Property in McKinley and Sandoval Counties, New Mexico, comprising of 14,582 acres. The Marquez Property contains an estimated 2,754,000 tonnes averaging 0.17% for a historical resource totaling 9,362,000 pounds U3O8 (non NI 43-101 compliant), based on a cut-off grade of 0.10% and a minimum thickness of 6 feet. At the Uranium Stock Summit in April, Kevin Bambrough of Sprott Asset Management said Strathmore has great value with 75 million pounds of urani...
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