Myriad Reports on Historic Drilling at Copper Mountain
Vancouver, British Columbia–(Newsfile Corp. – March 5, 2024) – Myriad Uranium Corp. (CSE: M) (OTCQB: MYRUF) (FSE: C3Q) (“Myriad” or the “Company“) is pleased to announce a compilation of [...]
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Over 1,800km² of prime exploration licenses covering the key Arlit, Madaouela, and Azouza fault intersections in the Tim Mersoï Basin, Niger.
Multiple world-class projects in the immediate vicinity, including Africa’s largest uranium deposit, Orano’s Imouraren (384 Mlbs eU₃O₈), and GLO’s Dasa (234 Mlbs eU₃O₈).
Extensive historic exploration by Areva (now Orano) across our areas including 28km of drilling and high-resolution geophysics.
20% of historic holes intersected >100ppm eU₃O₈.
We have Orano’s data worth millions, and plans for follow-up at key areas.
Orano just announced in-situ recovery testing at Imouraren. Success could transform its economics and bode extremely well for Myriad’s Agebout license.
Game-changing intersections at next-door Dasa (0.7m at 13.63% eU₃O₈ within 43.6m at 3.0%) on the Azouza fault which runs directly into our project.
Deep in-country relationships with government, private sector, Orano.
Director Fred Bonner P. Geo is a recognized leader in environmental stewardship and socially responsible exploration.
Niger has one of the world’s largest uranium reserves and could soon be the world’s 2ⁿᵈ largest U producer.
Niger has been providing America’s largest utilities with secure and uninterrupted uranium supply since 2007. Not coincidentally, America’s largest air force base in Africa is located in the heart of the Tim Mersoï Basin.
Listed on the CSE: M, OTC: MYRUF, and FRA: C3Q
Transformative transaction: Property option agreement to earn up to 75% of the Copper Mountain Project in Wyoming, USA.
Copper Mountain contains several historic uranium mines and deposits. Recently acquired data includes resource estimates and Union Pacific’s mine plans.
Newly found and reviewed historical data report historical uranium resources between 15.7 M and 30.1 M lbs. eU308 at Copper Mountain.
Rocky Mountain Energy Corporation (RMEC) estimated the resource potential of 2 of the 5 deposits at Copper Mountain could be as high as 63.8 M lbs. eU3O8.
RMEC had designed and constructed a leach pad but production start was interrupted by a rapid decline in uranium prices in 1980.
Historical reports confirm heap leach amenability.
Our technical team is cautiously optimistic regarding potential for ISR mining.
Increasing US demand and strong bipartisan support for domestic uranium supply, as the US plans to move away from Russian nuclear fuel dependence.
Top-notch technical team with previous experience at industry leaders Orano, Global Atomic; deep ISR expertise.
Tight share structure with just 34.0M shares out. 46% held by insiders and much of that subject to 3 year escrow release.
Four outstanding exploration licences in the Tim Mersoi Basin, Niger. Adjacent to and on-structure with world-class mines and deposits like Imouraren and Somaïr (Orano), Dasa (Global Atomic) and Azelik (CNNC).
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