-- Strathmore Plus Uranium (SUU.CN) on Tuesday said exploration drilling at the Agate Project began on April 13.
The company said the Agate Property is a potential in-situ recovery project located in the Shirley Basin Uranium District of central Wyoming. For the Spring exploration program, the company said it plans to drill up to 50 holes, targeting on-trend mineralization previously defined in 2023-25.
The goals of the 2026 program are to discover new undocumented mineralization, perform step-out drilling to define and extend the known trends, verify and validate historic Kerr McGee drilling records, and identify new claim additions, the company said.
Strathmore said that it has completed over 250 drill holes to date, with mineralization intersected in 95% of all holes.
"The company hopes to continue this high level of success during its spring drilling program," it added.
Shares of the company were last seen up $0.01 to $0.16 on the Canadian Securities Exchange.
Price: $0.16, Change: $+0.01, Percent Change: +6.90%