Strateco Resources Inc., an exploration stage company, engages in the acquisition and exploration of mining properties in Canada. The company owns or holds interests in various uranium mining properties in Quebec.
As of December 31, 2009, the company had a portfolio of five wholly-owned mining properties, as well as an interest in or options on three mining properties in Quebec, Canada. These properties comprise 1,068 claims for an area of approximately 56,747 hectares (567 square kilometers)....
Strateco Resources Inc., an exploration stage company, engages in the acquisition and exploration of mining properties in Canada. The company owns or holds interests in various uranium mining properties in Quebec.
As of December 31, 2009, the company had a portfolio of five wholly-owned mining properties, as well as an interest in or options on three mining properties in Quebec, Canada. These properties comprise 1,068 claims for an area of approximately 56,747 hectares (567 square kilometers). Its activities focus on the development of the Matoush Project, which consists of four uranium properties.
Properties
Matoush Project
The Matoush project is located in the Otish Mountains in northern Quebec, Canada approximately 275 kilometers north of Chibougamau, and consists of the wholly owned Matoush Property, wholly owned Matoush Extension Property, wholly owned Eclat Property, and Pacific Bay-Matoush Property, in which the company has an option to earn a 60% interest. The Matoush Project comprises 590 claims for a total area of 32,195.54 hectares (321 square kilometers). In 2009, 68 holes totaled 34,240 meters were drilled on the Matoush Project as a whole.
Matoush Property: The company owns a 100% interest in this uranium property, located approximately 275 kilometers north of Chibougamau, in the Otish Mountains, in Quebec, Canada. The property consists of 25 claims covering an area of 1,328.46 hectares. In 2009, the company carried out surface exploration on 26,144 meters in 44 holes of surface drilling on the property.
Eclat Property: The Eclat property is located in the Otish Mountains of northern Quebec, immediately south of the Matoush property. The property consists of 90 mining claims covering 4,786.90 hectares.
Matoush Extension property: The Matoush Extension property is located north, west, and east of the Matoush property in the Otish Mountains, in northern Quebec. The Matoush Extension property consists of 198 claims covering 10,503.85 hectares.
Pacific-Bay Matoush Property: The Pacific-Bay Matoush Property is located in the Otish Mountains in northern Quebec, approximately 40 kilometers south-west of the Matoush Property. The property comprises an area of 145 square kilometers (56 square miles) in the Otish Mountains where the company has been drilling the Matoush high-grade uranium orebody. This property consists of 277 claims for a total area of 14,576.33 hectares located in the Matoush District of Quebec's Otish Mountains.
Mistassini Property
The Mistassini property consists of 171 claims for a total area of 9,114.47 hectares (91.15 square kilometers). It is located in the Otish Mountains approximately 40 kilometers south-west of the Matoush property wholly-owned by the company.
Apple Property
The property is located at 80 kilometers southeast of Radisson, in the James Bay area in the Province of Quebec in Canada. The Apple property consists of 194 mining claims covering 9,928.13 hectares recorded in the name of the company. The company owns 100% interest in the Apple uranium property.
Mont-Laurier Uranium Property
The Mont-Laurier Uranium project is located in Perodeau Township, 40 kilometers northeast of Mont-Laurier, Quebec. The project consists of 80 claims that cover an area of 4,710.35 hectares. The company owns a 100% interest in the property
Quenonisca Property
The Quenonisca property consists of 33 claims for a total area of 1,798.77 hectares. It lies 180 kilometers northwest of Chibougamau, Quebec, Canada.
Significant Events
In December 2013, Denison Mines Corp. has granted Strateco the option to earn up to a 60% interest in Denison's Jasper Lake property in the eastern Athabasca Basin of Saskatchewan.
History
Strateco Resources, Inc. was founded in 2000.