One Mile Step-Out at Agate Intercepts Favorable Grades and Thickness

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Kelowna, British Columbia--(Newsfile Corp. - July 16, 2024) - Strathmore Plus Uranium Corporation (TSXV: SUU) (OTCQB: SUUFF) ("Strathmore" or "the Company") is pleased to announce a new discovery of uranium in the Middle sand, one mile south of the company's expanding northern trend. All previous drilling encountered uranium mineralization only in the Lower sand. The middle sand was the most prolific producer historically in the Shirley Basin. This exciting southern discovery shows increasing grades and above average thickness.

Southeast Mineralized Trend (Middle Sand, Wind River Formation)

Hole ID

Latitude

Longitude

Depth (ft)

Top (ft)

Bottom (ft)

Thickness (ft)

Grade %
eU
3O8

Grade x
Thickness

AG-135-24

42.30389

(106.27831)

120

16.0

32.5

16.5

0.035

0.578

AG-137-24

42.30365

(106.27874)

140

17.5

28.0

10.5

0.032

0.336

AG-138-24

42.30446

(106.27828)

120

36.5

40.5

4.0

0.062

0.248

AG-143-24

42.30500

(106.27869)

120

30.5

44.5

14.0

0.046

0.644

AG-147-24

42.30580

(106.27865)

120

29.0

44.5

15.5

0.051

0.791

 

Mr. John DeJoia said, "We are excited to hit a mile away. The initial results of the one mile step out to the south has opened a whole new aspect to the agate project. With the discovery of mineralization exhibiting good ISR GT's (grade thickness), in the middle sand of the Wind River Formation, we now have the potential for a much larger area of mineralization development in an additional sand unit of the Wind River. This is much like the main roll system that was successfully mined to the east. The results of exploration at the Agate Project are responding as our geologic model predicted. We are very excited by this latest step out discovery."

AGATE PROJECT:

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Mr. Terrence Osier, VP Exploration said, "We are extremely encouraged by the Agate project as we have greatly expanded the length of the northern trend from the 2023 discovery. We encountered uranium mineralization, one mile south, in the Middle sand of the Wind River Formation, the primary sand mined in Shirley Basin. The company had only encountered mineralization in the Lower sand before this. This Middle sand discovery increases our potential to have stacked roll fronts across portions of the property, which will greatly increase our resource potential. I look forward to ongoing work to model the uranium deposits we've drilled with results to guide our Phase 2 autumn exploration plans."

This summer five core holes are planned to compliment groundwater studies from closely located monitor wells. The core will be used for chemical equilibrium studies and by the University of Wyoming for their ongoing geophysical research at the project. In autumn Phase 2 drilling of an additional 100 exploratory holes is scheduled. Planned drilling intends to expand the northern trend into untested ground, including on recently staked claims, and along the newly discovered, shallow Middle zone into deeper ground to the north. The intent of the exploration is to expand the mineralization on the property into a multi-zone deposit, with the potential of stacked roll fronts.