Strathmore's property covers 24 square kilometers in the central area of the Macusani District, which is approximately 250 square kilometers in size. The property contains significant outcrops of the uranium mineral autunite in small fractures in many areas. Autunite contains 51% uranium by weight and converts into 60% - 65% U3O8. Exploration of the area began in the 1970's by the Peruvian Institute of Atomic Energy ("IPEN") and continued through the 1980's and early 1990's with successful results".
Based on this info it is highly probable that the tested autunite will show high levels of U308 40-60% Total tonnes and lbs per tonne is the big unknown If they can prove $5 - 7m lbs U308 could be worth $150-200m in ground.
Anyone know how the Donnybrook drilling is going? TIA
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