03:52 PM EST - Strathmore Minerals Corp. : report positive results from a National Instrument 43-101 technical report entitled "Technical Report on the Copper King Project, Laramie County, Wyoming," dated August 24, and prepared by Mine Development Associates of Reno, Nevada. The technical report includes an initial NI 43-101 compliant mineral resource estimate and a Preliminary Economic Assessment ("PEA") for the gold-copper resources outlined to date at Strathmore's recently acquired "Copper King" project located in southern Wyoming. PEA Summary; Base case estimated pre-tax Net Present Value (5% discount), including the 5% Wyoming State Royalty, of $159.5 million U.S. and internal rate of return of 31.2%, using $1,100 U.S./oz gold and $3.00 U.S./lb copper; Mine life of 18 years by open-pit method, with an average processing rate of 10,000 tons/day using a flotation plant producing a gold-copper concentrate. Strathmore Minerals Corp.
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