Myriad Uranium Corp., a uranium exploration company, has made significant strides in the development of the Copper Mountain Uranium Project in Wyoming, USA. With a 75% earnable interest in the project, the company aims to bring historical estimates of uranium resources up to current standards under NI 43-101.
During the 1970s, Union Pacific invested US$78 million in exploration and development at Copper Mountain, leading to the discovery of 7 uranium deposits and a 6-pit mine plan. The estimated resources at Copper Mountain range from 15.7 to 30.1 million pounds of eU3O8, with further potential exceeding 65 million pounds across various targets.
Myriad Uranium’s recent site visit to the project area confirmed the accuracy of important historical drill hole locations, particularly in the ‘High Grade Zone’ of the Canning Deposit. CEO Thomas Lamb and Qualified Person George van der Walt were able to verify borehole positions, inspect the terrain, and engage with potential contractors in preparation for upcoming geophysical surveys and drilling activities.
The Company plans to further validate and potentially exceed the historical estimates through digitization, re-logging, and re-drilling efforts to establish current mineral resources at Copper Mountain. With extensive exploration potential and past-producing mines like the Arrowhead Mine, Copper Mountain presents a promising opportunity for Myriad Uranium in the uranium market.
Investors and stakeholders are cautioned against placing undue reliance on historical estimates and encouraged to follow updates on Myriad Uranium’s progress at the Copper Mountain Uranium Project. The Company’s dedication to responsible exploration and development practices underlines their commitment to unlocking the full potential of this valuable resource.
