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   Gold/Mining/EnergyStrathmore Minerals (STM.V)


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To: captkirk who wrote (38)5/5/2010 10:24:25 PM
From: Mario :-)
   of 54
 
Chart looks strong.

Although really bullish will be in my eyes when goes over $5.50

<vbg>

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From: captkirk5/6/2010 11:39:17 AM
1 Recommendation   of 54
 
they're putting up a bunch around .78, looks like it'll run above .90 on news here......very bullish

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From: LoneClone6/21/2010 12:41:36 PM
   of 54
 
Strathmore Completes NI 43-101 Technical Report for the Marquez Uranium Property, New Mexico
Mon Jun 21, 10:30 AM

ca.news.finance.yahoo.com

KELOWNA, BRITISH COLUMBIA--(Marketwire - June 21, 2010) - STRATHMORE MINERALS CORP. (TSX VENTURE: STM.V) ("Strathmore" or "the Company") is pleased to announce that its wholly owned subsidiary Strathmore Resources (US) Ltd has completed and SEDAR-filed an independent National Instrument 43-101 Technical Report for the Marquez Uranium Property in New Mexico. The Marquez Property, which comprises 14,501 acres, is located in the eastern part of the Grants Mineral Belt in Northwestern New Mexico. It was extensively explored with 384 drill holes completed during the 1970s, and was being developed as a full-scale underground uranium mine by Kerr McGee and the Tennessee Valley Authority, but later abandoned in the 1980s due to prolonged weak uranium prices. Strathmore acquired the Marquez Deposit in 2007.

The Marquez NI 43-101 report provides a Measured and Indicated resource estimate of 3,610,209 tons at an average grade of 0.126% eU3O8 for a total of 9,130,343 pounds. An additional 2,159,520 tons at an average grade of 0.114% eU3O8 for a total of 4,906,695 pounds is classified as an Inferred mineral resource. The following table highlights the quantity and grade for each mineral resource category:

Marquez Uranium Deposit: NI 43-101 Measured, Indicated & Inferred Resource Estimates

---------------------------------------------------------------------------
Resource Tons Grade % Pounds Ave. Thickness Ave. GT
---------------------------------------------------------------------------
Measured 998,625 0.126 2,512,301 11.16 1.41
---------------------------------------------------------------------------
Indicated 2,611,584 0.127 6,618,042 11.28 1.43
---------------------------------------------------------------------------
TOTAL (M+I) 3,610,209 0.126 9,130,343 11.26 1.42
---------------------------------------------------------------------------
Inferred 2,159,520 0.114 4,906,695 10.78 1.22
---------------------------------------------------------------------------


For the mineral resource estimates, polygons, which were centered on the drill holes, were constructed by using perpendicular bisectors halfway between adjacent drill holes (also called area of equal influence, "AOI"). Uranium content was previously calculated using industry standards from gamma-ray logs for each hole by converting counts per second to % eU3O8 (equivalent uranium). Thickness and grade of the mineralized intercepts were assigned to each polygon for determining tonnage, with an assumed tonnage of 15 cubic feet per ton. The AOI of each polygon was limited either by the position of adjoining drill holes, the property boundary, and/or the maximum capped size of the measured (100ft x 100ft), indicated (200ft x 200ft), or inferred (400ft x 400ft) resource categories.

The Marquez technical report was prepared by M. Hassan Alief, Certified Professional Geologist (AIPG #11134), who is a qualified and independent person under National Instrument Policy 43-101. Mr. Alief has over 50 years of geology, mining and exploration experience, with over 28 years specifically toward uranium exploration and development in New Mexico, Texas, Wyoming and other parts of the USA. In the 1970s and 1980s, Mr. Alief served as Chief Geologist at the Mt. Taylor Uranium Mine, located 20 miles west of the Marquez Deposit.

In the technical report, Mr. Alief writes:

"After reviewing the data, reports, cross-sections and other chemical and radiometric data, the author concludes that Kerr McGee had done a professional job in their exploration/development drilling and resource estimations. The new resource estimates generated by Strathmore's geologists are reliable and representative of the Marquez deposit. It is also concluded that there may be some further potential adjacent to outlined mineralized areas. The potential for positive disequilibrium of the Marquez deposit was also addressed by Kerr McGee. These disequilibrium studies ranged from 1.17-1.58 positive disequilibrium; suggesting that more uranium may be present within the Marquez deposit than estimated by Kerr McGee and Strathmore (this report)."

The completion of the Marquez NI-43-101 resource estimate, in addition to the recent closing of the Pine Tree Reno Creek sale, reaffirms the high quality of Strathmore's uranium development property portfolio.

David Miller, Strathmore's CEO, noted, "Strathmore is fortunate to possess an extensive and diverse inventory of uranium properties that, perhaps, may represent flagship projects to many other companies. The Company is committed to advancing its core Roca Honda and Gas Hills uranium development projects, but will continue with its plan to monetize or joint venture non-core properties."

Additional information on Strathmore's New Mexico and Wyoming uranium properties can be obtained by visiting the Company's website at: strathmoreminerals.com

The NI 43-101 technical report for the Marquez Property can be viewed in its entirety on the SEDAR website www.sedar.com and the Company's website www.strathmoreminerals.com.

The foregoing historical resource estimates were completed prior to the implementation of the NI 43- 101 requirements. Given the quality of the historic work completed by Kerr McGee on the Marquez Property discussed herein, the Company believes the resource estimates to be both relevant and reliable. However, a qualified person has not completed sufficient work to classify the historic mineral resources as current mineral resource, and is not treating the historic resources as current. Hence, they should not be relied upon. The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43- 101 and reviewed by David Miller, Chief Executive Officer for Strathmore Minerals Corp., a qualified person under National Instrument 43-101. It should be noted that mineral resources which are not mineral reserves do not have demonstrated economic viability as defined by the NI 43-101 guidelines.

STRATHMORE MINERALS CORP. is a Canadian based resource company specializing in the strategic acquisition, exploration and development of uranium properties. Headquartered in Kelowna, British Columbia, 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 Venture Exchange under the symbol "STM".

This news release may contain forward-looking statements. 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.

ON BEHALF OF THE BOARD

David Miller, CEO

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts reasonability for the adequacy or accuracy of this release.

Contacts

Craig Christy
Strathmore Minerals Corp.
Investors Relations
1-800-647-3303
info@strathmoreminerals.com
www.strathmoreminerals.com

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From: LoneClone7/6/2010 8:20:00 PM
   of 54
 
Strathmore to Review Alternatives at Church Rock, New Mexico
Tue Jul 6, 9:30 AM

ca.news.finance.yahoo.com

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 6, 2010) - STRATHMORE MINERALS CORP. (TSX VENTURE: STM.V) ("Strathmore" or "the Company") announces that in light of the recent US Tenth Circuit Court of Appeals ruling in favour of Uranium Resources' ("URI") Church Rock project, the Company is re-examining its alternatives for its 100% owned adjoining property, also known as Church Rock. The court ruling determined that Section 8 of URI's Church Rock Property is not "Indian Country", and that the In-Situ Recovery (ISR) Underground Injection Control Permit granted by the New Mexico Environment Department is valid. If no appeal to the Supreme Court is lodged, advancement of the project to the production stage can proceed.

David Miller, Strathmore's CEO, noted, "This favourable ruling is significant to Strathmore and our nearby Church Rock uranium project. Strathmore will continue to monitor URI's progress as a result of this new ruling, which represents a positive step forward to the eventual revitalization of the Grant's District. We have since advanced our Roca Honda project, which will remain our main focus in New Mexico."

Strathmore's adjoining 640 acre Church Rock Property was acquired from Rio Algom Corporation, successor to the Kerr McGee Nuclear Corporation, in 2004. By the mid-1980s, Kerr McGee had completed over 300,000 feet of drilling and had initiated plans to develop the project as a conventional underground mine. The project was later abandoned due to a prolonged weak uranium price.

In December 2005, Strathmore completed a NI 43-101 Measured and Indicated resource estimate of 6,221,467 tons at an average grade of 0.10% U3O8 for a total of 11,848,007 pounds. An additional 1,950,560 tons averaging 0.090% U3O8 for a total of 3,525,342 lbs has been classified as an Inferred mineral resource (see Table 1). This property is not encumbered by production royalties. Strathmore initiated permitting in 2005, and began studies to determine if uranium extraction was amenable to ISR methods. Work was subsequently abandoned when litigation challenging URI's plans to advance the neighbouring project ensued.

Church Rock represents an extremely valuable uranium asset in the Company's long-term project pipeline. However, given this important recent development, Strathmore will revisit this project by conducting an internal review to determine how best to enhance shareholder value.

Table 1: Strathmore Minerals - Church Rock, New Mexico: NI 43-101 Resource
Estimate

---------------------------------------------------------------------------
Previous
Operator/Source: Grade
Date of Resource Resource %
Property Estimate Classification Tonnage U3O8 Lbs U3O8
---------------------------------------------------------------------------
Church Rock, Kerr McGee (1980) NI 43-101 6,221,467 0.100 11,848,007
New Mexico Measured &
Indicated
D. Fitch 43-101 NI 43-101 1,950,560 0.090 3,525,342
(2005) Inferred
---------------------------------------------------------------------------


STRATHMORE MINERALS CORP. is a Canadian based resource company specializing in the strategic acquisition, exploration and development of advanced uranium properties in the United States. Headquartered in Kelowna, British Columbia, 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 Venture Exchange under the symbol "STM".

The NI 43-101 resource estimates used in this press release were taken from the NI 43-101 report entitled "Technical Report on the Strathmore Church Rock Uranium Property, McKinley County, New Mexico", dated December 12, 2005, and prepared by David C. Fitch, a qualified and independent person under National Instrument Policy 43-101. It should be noted that mineral resources which are not mineral reserves do not have demonstrated economic viability as defined by the NI 43-101 guidelines. The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed by David Miller, Chief Executive Officer for Strathmore Minerals Corp., a qualified person under National Instrument 43-101.

This news release may contain forward-looking statements. 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.

ON BEHALF OF THE BOARD

David Miller, CEO

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contacts

Craig Christy
Strathmore Minerals Corp.
Investor Relations
1-800-647-3303
info@strathmoreminerals.com
www.strathmoreminerals.com

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From: LoneClone7/31/2010 7:02:41 PM
   of 54
 
Strathmore sees plenty more potential at Roca Honda
by Karl Loomes

proactiveinvestors.com

At their Annual General Meeting (AGM) last week, Strathmore Minerals Corp (TSX: STM, OTC: STHJF) confirmed the latest N 43-101 compliant resource update for their flagship Roca Honda Uranium Project, based on data collected since May 2008.

The report includes updates for extensive permitting activities, and details on the commencement of a phased feasibility study. In addition, the report confirmed mineral resource figures previously collected and concluded that “there is very good potential to drill additional uranium mineralisation”, a further signal the Strathmore are on good course to develop one of the best and highest grade uranium deposits in the United States.

Strathmore Minerals is a Canadian based resource company, specialising in the development of uranium deposits in the United States, often through a joint venture partner. The company has market capitalisation of C$49.2 million, with C$10.5 million in cash and with C$9.1 million in working capital. The company’s key assets include their two primary uranium deposits; Roca Honda and Gas Hills, as well as nine other projects spread throughout the United States, with a combines total NI 43-101 compliant resource estimate of 36.2 million pounds of measured and indicated resource, and 21.4 million of inferred resource.

The Roca Honda Uranium Project is a joint venture between Strathmore (60%) and Sumitomo (40%), located in McKinley County, in the Grants Mineral Belt of North West New Mexico. The property is around 16 miles northeast of Grants, and 23 miles away from Milan, New Mexico, via the New Mexico Highway 605. In addition to this paved highway, ranch and dirt roads offer access across the property, although because of disuse, most of these require 4-wheel drive at the moment, and will need some maintenance going forward. The project is seen as a “company maker” my Strathmore, suggesting it has the potential to be “one of the largest and highest grade proposed uranium mines in US in over 30 years”. The property totals 1,840 acres and consists of 63 unpatented mining claims totalling approximately 1,200 acres, and an adjoining New Mexico State General Mining lease totalling 640 acres.

The uranium mineralization occurs as uranium – humate – cemented sandstone, are irregular in shape and range from a few feet in width and length to bodies several tens or hundreds of feet long. The latest NI 43-101 resource estimate on the property has confirmed the historical numbers for Section 9 and Section 10 of the property, which were compiled by the previous owners Kerr – McGee, and updated by its successor, Rio Algom in 1995. For Sections 9 and 10, considering a cut off GT (i.e. grade multiplied by minimum depth) of 0.6 (0.1% triuranium octoxide x 6 feet), the report shows a measured resource of 1.3 million tonnes, grading 0.23% triuranium octoxide (U3O8), for a resource of over 6 million pounds of U3O8. The report showed an indicated resource of 2.5 million tonnes grading 0.23% U3O8, for an indicated resource of 11.5 million pounds of U3O8. In addition to this, and again considering a cut off GT of 0.6, the report showed an inferred resource of 4.5 million tonnes grading 0.17% U3O8, for a resource of 15.8 million pounds of U3O8.

Kerr-McGee had previous compiled reserve estimates for Section 16 of the property, although this could not be confirmed as NI 43-101 compliant due to the lack of necessary documentation, the author of the latest report did not that in his opinion, the resource estimate for Section 16 could in fact double. The original estimates showed 197,000 tonnes of resource in the section, at an average grade of 0.23% U3O8, for a total of 886,621 pounds U3O8. Prior to entering the joint venture with Strathmore, Sumitomo also independently prepared a resource estimate of the Roca Honda property, using geostatistical mining software. Again this is not considered NI 43-101 compliant. Considering a cut off GT of 0.6, this estimate showed a total of 7.4 million tonnes of resource, averaging a grade 0.25% U3O8, for a contained total of 36.2 million pounds of U3O8.

During the first quarter of this year, Strathmore underwent costs of around C$408,000 at the Roca Honda property, the majority of which was on the feasibility study (C$132,000) and permits and regulatory requirements (C$105,000). To date, the company has spent around C$12.4 million on exploration costs for the property. This latest report suggests that Phase 1 or the recommended continued exploration and development of the property will cost in the region of U$2.7 million (US$2.6 million) over the next 12 months.

Going forward, Strathmore have contracted SWRP to prepare a phased feasibility study, which will include a mineral reserve estimate or a revised mineral resource estimate using underground mining methods. The results of this report are expected in August 2011. This study will consider revising the current mineral resource estimate, and will require using cut off factors not only as before, but also with an additional cut off levels of a minimum mining thickness of 6 feet, and an increase in the lower grade cut off to reflect estimated underground mining costs.

This latest report shows the potential for the Roca Honda Project and the added value it could bring to Strathmore as exploration and development continues. With the phased feasibility study underway, as well as ongoing exploration activities to extend current resource estimates, there is a lot of potential for buoyant newsflow for Strathmore over the next year or so.

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From: LoneClone8/9/2010 5:34:23 PM
   of 54
 
Strathmore Acquires Historical Data Libraries for George-Ver, Loco Lee & Day Loma Deposits in the Gas Hills, Wyoming
Mon Aug 9, 4:00 PM

ca.news.finance.yahoo.com

KELOWNA, BRITISH COLUMBIA--(Marketwire - Aug. 9, 2010) - STRATHMORE MINERALS CORP. ("Strathmore" or "the Company") (TSX: STM.TO) announces the acquisition of two uranium exploration data libraries, in separate transactions, for its Gas Hills uranium development project in Wyoming. Extensive exploration data for the George-Ver and Loco Lee deposits have been acquired from Cameco, and a second data base for the Day Loma deposit was acquired in an earlier private transaction.

David Miller, Strathmore's CEO, noted, "These data libraries are strategic to advancing Strathmore's mine permit application in the Gas Hills. They are also necessary for the preparation of NI 43-101 technical reports and resource calculations, in particular at George-Ver and Loco Lee, which have been the primary focus of our permitting activities. However, Day Loma may turn out to be our best existing uranium deposit in the Gas Hills as a preliminary review of the extensive drill log data indicates there may be significantly more uranium mineralization present as a result of historical exploration and development work that was not previously known to Strathmore."

The libraries comprise thousands of drill logs, drill location maps, and additional important geological and technical information specific to Strathmore's projects in the Gas Hills Uranium District including:

George-Ver:

The George-Ver Property is contiguous to the famous Lucky Mc Mine, which produced approximately 40 million lbs of uranium from 1957-1988. Strathmore obtained 646 full scale drill logs totalling 161,500 feet drilled and accompanying drill hole location maps. Work was completed by Federal-American Partners in the 1970s.

Loco Lee:

The Loco Lee Property adjoins the Day Loma deposit, both of which were past producers. Strathmore acquired 349 full scale drill logs totalling 52,350 feet drilled and accompanying drill hole location maps. The majority of the exploration work was completed by Federal-American Partners in the 1960s through to the 1980s. Additional work was completed by Tennessee Valley Authority in the late 1980s and Power Resources Inc. in the early 1990s.

Day Loma:

Strathmore acquired approximately 2,000 full scale drill logs. This total includes over 700 holes in areas previously mined by both open pit and underground methods. The majority of the exploration work was conducted by Western Nuclear during the 1950s-1970s, with additional drilling completed by Energy Fuels Inc from 1978-1983, Pathfinder Mines (1979), and Union Carbide in the 1970s.

The Company is currently incorporating the new data into the open-pit design plans for George-Ver and for completing the mine permit application. In addition, preparation of NI 43-101 compliant technical reports for George-Ver, Loco Lee, and Day Loma will begin shortly.

The historical exploration and development work that comprise the data libraries discussed in this news release were completed prior to the implementation of NI 43-101. Given the quality of the historic work completed and the 100 million pounds production history of the Gas Hills Uranium District in Wyoming, the Company believes the data to be both relevant and reliable. However, a qualified person has not completed sufficient work to verify the classification of mineral resource estimates. The historical data contained in these libraries require considerable further evaluation, which will be carried out by a qualified and independent consultant in due course. This news release has been reviewed by David Miller, Chief Executive Officer for Strathmore Minerals Corp, a Qualified Person under NI 43-101 guidelines.

STRATHMORE MINERALS CORP. is a Canadian based resource company specializing in the strategic acquisition, exploration and development of advanced uranium properties in the United States. Headquartered in Vancouver, British Columbia with a branch administrative office in Kelowna, the Company also has a U.S. based Development Office in Riverton, Wyoming and a Government, Regulatory & Environmental Affairs Office in Santa Fe, New Mexico. STRATHMORE MINERALS CORP. Common Shares are listed on the TSX Venture Exchange under the symbol "STM".

This news release may contain forward-looking statements. 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.

ON BEHALF OF THE BOARD

"David Miller"

David Miller, CEO

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contacts

Craig Christy
Strathmore Minerals Corp.
1-800-647-3303
info@strathmoreminerals.com
www.strathmoreminerals.com

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From: LoneClone9/9/2010 6:34:14 PM
   of 54
 
Strathmore Announces Share Buy-Back Program
Thu Sep 9, 4:21 PM

ca.news.finance.yahoo.com

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 9, 2010) - STRATHMORE MINERALS CORP. (TSX VENTURE: STM.V) ("Strathmore" or "the Company") announces its Board of Directors has authorized the purchase of up to 4,390,000 of its common shares over the next twelve months by means of a share buy-back program through the facilities of the TSX Venture Exchange ("the Exchange"). The Board is of the opinion that the Company's shares are undervalued in the market place.

Strathmore has filed a notice of intention to undertake a normal course issuer bid with the Exchange for the purchase of up to 5% (4,390,000 common shares) of the Company's issued share capital over a twelve month period commencing in not less than five days. All purchases under the buy-back program will be in accordance with the rules of the Exchange. Common shares purchased under the program will be cancelled. Strathmore has engaged Canaccord Genuity Corp. to undertake the share buy-back program on the Exchange.

The Company has not purchased any of its common shares during the previous twelve months. The issuer bid is subject to the approval of the TSX Venture Exchange.

STRATHMORE MINERALS CORP. is a Canadian based resource company specializing in the strategic acquisition, exploration and development of advanced uranium properties in the United States. Headquartered in Vancouver, British Columbia with a branch administrative office in Kelowna, the Company also has a U.S. based Development Office in Riverton, Wyoming and a Government, Regulatory & Environmental Affairs Office in Santa Fe, New Mexico. STRATHMORE MINERALS CORP. Common Shares are listed on the TSX Venture Exchange under the symbol "STM".

This news release may contain forward-looking statements. 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.

ON BEHALF OF THE BOARD

David Miller, CEO

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contacts

Craig Christy
Strathmore Minerals Corp.
Investor Relations
1-800-647-3303
info@strathmoreminerals.com
www.strathmoreminerals.com

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From: LoneClone9/15/2010 9:22:24 PM
   of 54
 
Strathmore Commences Development Drilling Program at Gas Hills Uranium Properties, Wyoming
Wed Sep 15, 12:10 PM

ca.news.finance.yahoo.com

KELOWNA, BRITISH COLUMBIA--(Marketwire - Sept. 15, 2010) - STRATHMORE MINERALS CORP. ("Strathmore" or "the Company") (TSX VENTURE: STM.V) is pleased to announce that its wholly owned subsidiary Strathmore Resources (US) Ltd. will commence development drilling in September at its Gas Hills Uranium Properties in central Wyoming. Data obtained from this drill program will supplement information learned from the two uranium data libraries acquired earlier this year (see news release dated August 9th, 2010), enabling the completion of NI 43-101 compliant resource calculations and the advancement of the mine permit application targeted for submittal by Q2 2011.

The fall 2010 program for the Gas Hills will consist of approximately 100 drill holes totalling 25,000 feet. Drilling will occur in four prioritized areas: George-Ver/Frazier-Lamac, Day Loma, Loco-Lee, and Rock Hill. The purpose of this program is to confirm and expand known areas of mineralization. The drilling information will also help determine final pit designs and enable core sampling for further metallurgical testing. Twelve to fifteen drill holes will be completed as monitor wells for baseline water quality testing, hydrology evaluation, and general permitting purposes. In addition, eight geotechnical holes are planned as part of a preliminary evaluation of a mill/heap leach facility/mill tailings site.

Since August, Strathmore has analysed considerable historical drill data from the extensive exploration data recently acquired including: reserve reports, gamma logs, interpretation results, survey control, drill hole location maps, and other geological data, for each of the prioritized areas within the Gas Hills Properties planned for initial development. The following table highlights the historical resources controlled by Strathmore in these four development priority areas:

Gas Hills Uranium District: Historical Measured & Indicated Resource
Estimates for George-Ver, Frazier-Lamac, Loco-Lee, Day Loma, & Rock Hill
(Not NI 43-101 Compliant)

------------------------------------------------------------------------
Deposit/ Previous Resource Pounds
Location Operator Classification Tons Grade % U3O8
------------------------------------------------------------------------
Gas Hills Federal Historical: 6,131,327 0.069 8,440,490
(George- American Measured +
Ver, Partners Indicated
Bullrush, (1984)
Loco-Lee)
------------------------------------------------------------------------
Gas Hills Pathfinder, Historical: 696,327 0.109 1,522,000
(Frazier- 1996 Measured +
Lamac) Indicated
------------------------------------------------------------------------
Gas Hills Energy Historical: 456,096 0.213 1,940,945
(Day Loma) Fuels Measured +
(1978) Indicated
------------------------------------------------------------------------
Gas Hills Adobe/Union Historical: 900,000 0.050 900,000
(New Rock Carbide Measured +
Hill) (1977) Indicated
------------------------------------------------------------------------


The foregoing historical resource estimates presented in the table above were completed prior to the implementation of the NI 43-101 requirements. Given the quality of the historical work completed and the 100 million pounds production history of the Gas Hills Uranium District in Wyoming, the Company believes the data and historical estimates to be both relevant and reliable. However, a Qualified Person has not completed sufficient work to classify the historic mineral resources as current mineral resources, and the Company is not treating the historic resources as current. Hence, they should not be relied upon. It should be noted that mineral resources which are not mineral reserves, do not have demonstrated economic viability. The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed by David Miller, Chief Executive Officer for Strathmore Minerals Corp., a Qualified Person under National Instrument 43-101.

David Miller, Strathmore's CEO, commented, "Historically, the Gas Hills Uranium District was the second largest uranium producing region in the United States with total production exceeding 100 million pounds. Today, the Gas Hills represents one of the best areas for future uranium mining in this country. Strathmore is the dominant player in the Gas Hills with a land position exceeding 34,000 acres and the Company's technical personnel has extensive mining experience here. Today's announcement represents a part of the ongoing permitting activities necessary for the long-term sustainable development of the Gas Hills deposits."

The fall 2010 drill program is scheduled to be completed by mid-November. Results will be provided when available.

STRATHMORE MINERALS CORP. is a Canadian based resource company specializing in the strategic acquisition, exploration and development of advanced uranium properties in the United States. Headquartered in Vancouver, British Columbia with a branch administrative office in Kelowna, the Company also has a U.S. based Development Office in Riverton, Wyoming and a Government, Regulatory & Environmental Affairs Office in Santa Fe, New Mexico. STRATHMORE MINERALS CORP. Common Shares are listed on the TSX Venture Exchange under the symbol "STM".

This news release may contain forward-looking statements. 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.

ON BEHALF OF THE BOARD

David Miller, CEO

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contacts

Craig Christy
Strathmore Minerals Corp.
Investor Relations
1-800-647-3303
info@strathmoreminerals.com
www.strathmoreminerals.com

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From: LoneClone11/1/2010 10:04:13 AM
   of 54
 
Strathmore to Sell Juniper Ridge, Wyoming, Uranium Development Project to Crosshair Exploration
Mon Nov 1, 9:01 AM

ca.news.finance.yahoo.com

KELOWNA, BRITISH COLUMBIA--(Marketwire - Nov. 1, 2010) - Strathmore Minerals Corp. (TSX VENTURE: STM.V) ("Strathmore" or "the Company") is pleased to announce that its wholly owned subsidiary Strathmore Resources (US) Ltd. has entered into a Purchase and Sale Agreement ("the Agreement") with Crosshair Exploration & Mining Corp ("Crosshair") for the sale of its property known as "Juniper Ridge", located in south-central Wyoming.

The Juniper Ridge Property, also known as Red Creek, comprises 197 claims and one state minerals lease totaling 4,710 acres (1,906 Ha). It has historical resource estimates (not NI 43-101 compliant) of 5,971,000 tons grading 0.063% U308 for a total of 7,359,000 lbs (Urangesellschaft 1978) and 5.2 million tons grading 0.067% U3O8 for a total 6.97 million pounds (AGIP Mining Company 1986) The deposit was originally discovered by Urangesellschaft U.S.A., Inc. in the late 1970s.

Crosshair will acquire a 100% interest in the Juniper Ridge Property. The purchase will be staged and include payments in cash and common shares of Crosshair. The terms of the transaction as specified in the Agreement are summarized as follows:

-- Crosshair has paid Strathmore a US $25,000 non-refundable deposit.
Crosshair shall pay Strathmore an additional US $175,000, due within two
days of receipt of the Toronto Stock Exchange and TSX Venture Exchange
approval of the Agreement, which is expected on or before November 15,
2010.
-- On the first anniversary of the Agreement, Crosshair shall pay
Strathmore US $500,000: 50% to be paid in cash and 50% in common shares
of Crosshair.
-- On the Second Anniversary of the Agreement, Crosshair shall pay
Strathmore US $0.50 per pound of measured, indicated and inferred
uranium resources, as determined by a National Instrument 43-101
technical report ("Technical Report"), to be prepared by Crosshair. If
Crosshair has not prepared a Technical Report by the second anniversary,
the uranium resources on the Juniper Ridge Property will be set at five
million pounds. Should Crosshair prepare a Technical Report subsequent
to the Second Anniversary of the Agreement, Crosshair shall make a
payment of US $0.50 per pound, for each additional pound in excess of
five million pounds; 50% of these payments to be paid in cash and 50% in
common shares of Crosshair.
-- On the Third Anniversary of the Agreement, Crosshair shall pay
Strathmore US $0.50 per pound of measured, indicated and inferred
uranium resources, as determined by a Technical Report, to be prepared
by Crosshair. If Crosshair has not prepared a Technical Report by the
third anniversary, the uranium resources on the Juniper Ridge Property
will be set at five million pounds. Should Crosshair prepare a Technical
Report subsequent to the Third Anniversary of the Agreement, Crosshair
shall make a payment of US $0.50 per pound, for each additional pound in
excess of five million pounds; 50% of these payments to be paid in cash
and 50% in common shares of Crosshair.
-- Upon receipt of all permits required for production, Crosshair shall pay
Strathmore US $0.30 per pound of proven and probable uranium reserves as
determined by a pre-feasibility or feasibility study. If Crosshair has
not prepared a prefeasibility or feasibility study, the uranium reserves
on the Juniper Ridge Property will be set at five million pounds. If
permits have not been received by the sixth anniversary of the
Agreement, Crosshair shall be required to make this payment as of that
date. Payment will be made in cash and/or common shares of Crosshair, as
elected by Strathmore.
-- Strathmore shall retain a 2% Gross Revenue Royalty on the property.
Crosshair shall have the option to repurchase this royalty at any time
during the first three years after commercial production commences for
US $1.5 million for each 1% of the Gross Revenue Royalty.
-- Should Crosshair fail to make any of the scheduled payments, Strathmore
shall be entitled to keep all payments made by Crosshair, and title to
100% of the property.

The Purchase and Sale Agreement completed and executed by Strathmore and Crosshair is subject to regulatory approval, including approval of the Toronto Stock Exchange and TSX Venture Exchange.

Further updates will be provided when available.

STRATHMORE MINERALS CORP. is a Canadian based resource company specializing in the strategic acquisition, exploration and development of advanced uranium properties in the United States. Headquartered in Vancouver, British Columbia with a branch administrative office in Kelowna, the Company also has a U.S. based Development Office in Riverton, Wyoming and a Government, Regulatory & Environmental Affairs Office in Santa Fe, New Mexico. STRATHMORE MINERALS CORP. Common Shares are listed on the TSX Venture Exchange under the symbol "STM".

The Juniper Ridge historical resource estimates were completed prior to the implementation of NI 43-101 policy. Given the quality of the historical work completed, the Company believes the data and historical estimates to be both relevant and reliable. However, a Qualified Person has not completed sufficient work to classify the historic mineral resources as current mineral resources, and the Company is not treating the historic resources as current. Hence, they should not be relied upon. It should be noted that mineral resources which are not mineral reserves, do not have demonstrated economic viability. The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed by David Miller, Chief Executive Officer for Strathmore Minerals Corp., a Qualified Person under National Instrument 43-101.

This news release may contain forward-looking statements. 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.

ON BEHALF OF THE BOARD

David Miller, CEO

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contacts

Craig Christy
Strathmore Minerals Corp.
Investor Relations
1-800-647-3303
info@strathmoreminerals.com
www.strathmoreminerals.com

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To: LoneClone who wrote (48)11/1/2010 12:13:09 PM
From: smh
1 Recommendation   of 54
 
Strathmore discussed

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