Strathmore Minerals Corp. (TSX:STM, OTCQX:STHJF) and Korea Electric Power Corp. (KEPCO) reported that they are continuing with Phase I of the Gas Hills program, and drilling will resume in March and is expected to be completed by the second quarter. Gas Hills Uranium District, which is located in Wyoming, used to be the second biggest uranium producing area in the U.S.
As quoted in the press release:
Chlumsky, Armbrust & Meyer LLC (“CAM”) of Denver, Colorado, author of the initial NI 43-101 Gas Hills technical report, dated July 31 2012, is currently updating the Main Gas Hills Properties resource estimate, based on the recommended Phase I drilling and ongoing work completed in 2012. CAM’s newly updated report will be completed during the quarter.