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Myriad Uranium Transformed as Data Trove Reveals Significant Historical Uranium Resources at Copper Mountain
Highlights: Newly found and reviewed historical data report historical uranium resources between 15.7 million pounds and 30.1 million pounds eU308 at Copper Mou
About this update from Myriad Uranium Corp
[{"type":"text","content":" Highlights: Newly found and reviewed historical data report historical uranium resources between 15.7 million pounds and 30.1 million pounds eU308 at Copper Mountain (with different reports focusing on different areas and applying different estimation criteria). Rocky Mountain Energy Corporation (\"RMEC\" - a subsidiary of Union Pacific) estimated the resource potential of 2 of the 5 deposits at Copper Mountain could be as high as 63.8 million pounds eU3O8. The ground considered in these historical estimates is largely within the current claim boundaries of the \"Copper Mountain Project\", in which Myriad holds an earnable 75% interest. RMEC had constructed a leach pad and was poised to begin mining at Copper Mountain, within the Copper Mountain Project claim area, only to be interrupted by a rapid decline in uranium prices in 1980 following the Three Mile Island incident. Historical reports indicate that while known resources at Copper Mountain, once verified, could provide the basis for production, there also appears to be world class potential in \"brownfield\" exploration opportunities based on modern techniques and understanding. The historical reports also indicate that Copper Mountain contains a core of high-grade material which has not been calculated to date, and that further understanding of the geometry and continuity of the high-grade portions of the deposits could lead to a significant increase in average grade. Historical reports confirm amenability of Copper Mountain material to heap leach and are cautiously optimistic regarding potential for in situ recovery methods. The above information still needs to be verified, but we are confident that the historical work undertaken is relevant based on the amount and quality of the work done. Vancouver, British Columbia--(Newsfile Corp. - October 31, 2023) - MYRIAD URANIUM CORP. (CSE: M) (OTCQB: MYRUF) (FSE: C3Q) (\"Myriad\" or the \"Company\") is pleased to report on historical resource estimates contained in a trove of recently-purchased data relating to the Copper Mountain Uranium Project in Wyoming, USA. This should be considered an interim report because the data review is ongoing. Myriad holds an option to earn up to 75% of the project from Rush Rare Metals Corp. (\"Rush\"). Currently, the project (the \"Copper Mountain Project\") comprises 110 mineral claims a...