Geology 101

GEOLOGY 101 – New Mexico

In Catron County, New Mexico, Strategic Resources is engaged in a joint venture with Running Fox Resources in the Red Basin area of the Datil Mountains located south and west of Albuquerque. This area is situated on the southern margin of the Colorado Plateau.

In this area, the formations present (from deepest to shallowest) are the Crevasse Canyon Formation, the post Crevasse/pre-Baca transition zone and the Baca Formation.

The Crevass Canyon formation is late Cretaceous in age and varies from 1100 to 1700 feet thick. It is composed of sandstones, siltstones, shales and minor coals.

The post Crevasse/pre Baca transition zone is Paleocene in age and varies from 25 feet to over 150 feet. It is this transition zone that hosts most of the known Uranium deposits in this area. It is composed of shales inter-bedded with fine to medium grained sandstones.

The Baca formation is Eocene in age and overlies the transition zone with depths of 700 to 800 feet. In some areas it may only be a couple hundred feet thick.

A 1981 paper authored by R.M. Chamberlain for the New Mexico Bureau of Mines suggests the overall 80 sq. mile area in which the SRI/Running Fox project claim block (178 claims) is located hosts 15 million pounds of U3O8 and by extrapolation could host up to 45 million pounds. These estimates are based on results from the extensive drilling programs carried out in the area in the 1970s by Gulf Minerals and others.

RARE EARTH 101 – New Mexico

Much of New Mexico is underlain by sandstone strata. Milions of years ago portions of New Mexico were subjected to uplift by magmatic intrusive bodies. This uplifting caused brittle fracture in the sandstone which created conduits for hydrothermal fluids rich in Rare Earth content to rise to near surface. There are several areas in Lincoln County where this uplift has occurred - namely the Gallinas Mtns and the Jicarilla Mtns. Another area of considerable interest in New Mexico is the Lemitar Mtns situated on the west flank of the Rio Grande river about 8 miles north of the town of Socorro. This area has been intruded (450 million years ago) by carbonatite dikes enriched in Rare Earth mineralization.


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	New Mexico alone has been responsible for over 40% of total Uranium mined in the USA. The New Mexico Bureau of Mines estimates that the State still has many millions of pounds of Uranium yet to be mined. The US Dep't of the Interior notes that Tertiary alkaline complexes in New Mexico contain significant resources of Rare Earth minerals in the Lincoln County porphyry belt. The New Mexico Bureau of Mines notes that the rocks of the Lemitar Mtns are enriched in Rare Earth minerals, barite and fluorite. Strategic Resources is well positioned to capitalize on all that New Mexico has to offer.