Business
Myriad Uranium Expands its New Mexico Land Position, Now Controls Significant High Grade Historical Resources and Vast Majority of Historical Boreholes at Red Basin
Vancouver, British Columbia--(Newsfile Corp. - May 7, 2025) - Myriad Uranium Corp. (CSE: M) (OTCQB: MYRUF) (FSE: C3Q) ("Myriad" or the "Company") is pleased to announce that it has staked additional ground at its Red Basin Uranium Project in Catron County, New Mexico, USA (the "Project"). The 77 newly-registered claims increase total acreage from approximately 1,753 acres (709 hectares) to approximately 3,324 acres (1,345 hectares). To the best of management's knowledge, the Company now ...
About this update from Myriad Uranium Corp
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - May 7, 2025) - Myriad Uranium Corp. (CSE: M) (OTCQB: MYRUF) (FSE: C3Q) ("Myriad" or the "Company") is pleased to announce that it has staked additional ground at its Red Basin Uranium Project in Catron County, New Mexico, USA (the "Project"). The 77 newly-registered claims increase total acreage from approximately 1,753 acres (709 hectares) to approximately 3,324 acres (1,345 hectares). To the best of management's knowledge, the Company now holds acreage covering the vast majority of known historical drilling (more than 1,050 holes) and all identified historical uranium resources in the district (0.5 Mlbs Indicated, 1.5 to 6.5 Mlbs Inferred) (not NI 43-101 compliant). Please refer to our February 4, 2025 press release for more details.","length":826,"tagName":"p"},{"type":"text","content":"Highlights","length":10,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Myriad has nearly doubled its acreage along New Mexico's Red Basin trend in the Datil Mountains — Pietown Uranium District.","length":127,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"To the best of management's knowledge, the Company now holds acreage covering the vast majority of known historical drilling (more than 1,050 holes) and all identified historical uranium resources in the district (0.5 Mlbs Indicated, 1.5 to 6.5 Mlbs Inferred). ","length":264,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"The Company's claims contain extensive uranium-vanadium mineralisation which is near surface at grades of 0.17% - 0.31% U3O8 and up to 1.64% V2O5. ","length":150,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Historical estimates include Indicated resources of 0.5 Mlbs U3O8 and additional inferred resources of 1.5 - 6.5 Mlbs U3O8, as estimated by Rio Grande Resources Corporation in 2012 (not NI 43-101 compliant).","length":207,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"The mineralisation is hosted in thick sections of roll-front deposits hosted in permeable sandstones from surface to depths of less than 450 feet.","length":146,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Existing claims offer significant resource expansion potential, and the newly-acquired claims are co...