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Strathmore Plus Uranium Planning a Drill Program on Beaver Rim Project

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Strathmore Plus Uranium (SUU.CN) on Wednesday said it plans a five-hole exploration-drilling program on the Beaver Rim project in Wyoming, beginning in late July.

The program, totaling 5,000 feet, is planned for the West Diamond area, said the company.

"In 2012, while part of the first Strathmore, we explored the area that is now the West Diamond claims," said Terrence Osier, vice president, exploration. "A dozen holes were drilled, and we encountered multiple zones of mineralization across the 300-foot-thick sands. Our plan is to return to this area and hopefully extend and expand the area of known mineralization, especially that which is noted to trend south from Cameco's property. Beaver Rim has great exploration potential for discovery of new, large uranium deposits like those previously mined or currently delineated in the Gas Hills."

Shares of the company were last seen down C$0.01 or 5.5% to C$0.17 on the Canadian Securities Exchange.

Price: $0.17, Change: $-0.01, Percent Change: -5.56%

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