Myriad Uranium Reports on Recent Ground Magnetometer Survey at the Copper Mountain Uranium Project, Wyoming

Myriad holds a 75% earnable interest in the Copper Mountain Uranium Project which underwent approximately US$78m (2024$) in exploration and development expenditures by Union Pacific during the 1970s. Myriad is earning its interest in Copper Mountain from Rush Rare Metals Corp.

Union Pacific drilled over 2,000 boreholes and discovered 7 uranium deposits at Copper Mountain, developing a 6-pit mine plan with estimated resources of between 15.7 and 30.1 Mlbs U 3 O 8 . Union Pacific estimated the potential of known and speculated targets across the full project area to be over 65 Mlbs.

By far the largest historical estimate at Copper Mountain relates to the "Canning Deposit", which was estimated by Union Pacific to contain between 8.79 and 19 Mlbs U 3 O 8 . Myriad intends to focus its initial exploration efforts on the high-grade zone of Canning to begin validating and expanding on historical […]

Click here to view original web page at markets.businessinsider.com

About the author: StockMan

Please remember:

The information provided here is for general knowledge and educational purposes only.
It is not intended to be a substitute for professional financial advice.
Every individual's financial situation is unique, and what works for one person may not work for another.
Before making any investment or financial decisions, you should always consult with a qualified financial advisor who understands your specific circumstances and goals.

Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, should never be acted upon. Please be aware that any information posted on this site should not be considered to be financial advice and i am not a financial advisor.