Myriad Uranium has announced a proposed transaction respecting the Copper Mountain Project in Wyoming, USA.
Thomas Lamb, CEO of Myriad Uranium, explains the value the transaction brings to shareholders.
The Copper Mountain Project
The Property is comprised of 110 claims in the Copper Mountain district of Wyoming, widely regarded as one of the best uranium exploration jurisdictions in the world. Within the Copper Mountain claims area are several known historic zones of uranium mineralization, including the Canning, Hesitation, Mint and Fuller deposits, as well as a historical mine previously known as the Arrowhead Mine, which produced approximately 500,000 pounds of uranium in the 1960s and 1970s. Prior to a vast reduction of uranium exploration in the USA throughout the 1980s, Copper Mountain was the focus of several significant drill programs, and there are estimated to be as many as 2,000 historical drill holes in the claim area. Consequently, there is an abundance of historical data, including drill logs, geological reports, maps, resource calculations, and geological team discussion memos, which will all need to be carefully reviewed and analysed. Note some but not all of the historical data has been located, and the research to find any missing data continues.
About Myriad Uranium Corp.
Myriad Uranium Corp. is a Canadian mineral exploration company with 80% ownership of over 1,800 km2 of uranium exploration licenses in the Tim Mersoï Basin, Niger, and the option to earn up to 100%. These licenses are surrounded by many of the most significant uranium deposits in Africa, including Orano’s 384 Mlbs eU3O8 Imouraren, Global Atomic’s 236 Mlbs Dasa, and Goviex’s 100 Mlbs Madaouela, and on the same fault structures. Myriad also has a 50% interest in the Millen Mountain Property in Nova Scotia, Canada, with the other 50% held by Probe Metals Inc. For further information, please refer to Myriad’s disclosure record on SEDAR+ (www.sedarplus.ca) or refer to Myriad’s website at www.myriaduranium.com. …...more
...more
Show less
