Myriad Uranium Announces Major Expansion of the Copper Mountain Project Area to Lock Up Mineralised Extensions, Historical Resources, and Key Targets

Core Viewpoint - Myriad Uranium Corp. has announced a significant expansion of the Copper Mountain Project Area, increasing its size from approximately 4,200 acres to about 9,320 acres, driven by insights from its 2024 drill program and historical data [1][2]. Expansion Details - The newly-acquired areas include several prospects such as Railroad, Steffen Hill, Cedar Ridge, Mole, West Mesa, and Lucky Cliff, which have historically confirmed uranium mineralization [2]. - Union Pacific estimated that the potential within their existing deposit areas could exceed 65 million pounds (Mlbs) of uranium, while Bendix's assessment suggested the mineral endowment could exceed 200 Mlbs and potentially reach over 600 Mlbs in the greater Copper Mountain district [2][5]. Geological Insights - Newly-acquired areas were previously targeted for uranium mineralization in sandstone, which may be more suitable for in-situ recovery methods [3]. - Geological models indicate that deeper thrust faulting across the Copper Mountain District may have facilitated fluid movement, potentially leading to significant mineralization below previous drilling depths [6][7]. Historical Estimates - Historical estimates suggest a large resource of uranium at Copper Mountain, potentially amounting to several hundred million pounds, based on extensive past exploration [5][12]. - The company acknowledges that these historical estimates should not be unduly relied upon as indicators of current mineral resources or reserves, as they are based on decades-old data [12][13]. Recent Developments - The company has faced delays in chemical assay results due to high radioactivity levels in core and chip samples, necessitating alternative analytical services [8]. - Myriad has engaged VSA Capital for financial advisory services to support its strategic objectives in advancing its portfolio of assets in Wyoming [9][11]. Future Plans - The company plans to conduct new exploration activities in 2025 across the numerous prospects identified at Copper Mountain, each with the potential to yield significant results [7].