Myriad Uranium Reports Final Chemical Assays from Copper Mountain. Grades Up to 60% Higher Than Probe Equivalents, with Positive Implications for Scale and Scope of the Project.

Core Insights - Myriad Uranium Corp. reports significant chemical assay results from the Copper Mountain Uranium Project, indicating grades up to 60% higher than previously reported probe equivalents, suggesting a more extensive high-grade uranium mineralization than previously estimated [1][2][3] Drilling Results - The drilling program focused on the Canning Deposit, identified as the largest mineralized area based on historical data from Union Pacific's 1979 mine plan [2] - Confirmed U3O8 grades across 34 boreholes are significantly higher than eU3O8 probe grades, with the deepest intercept (CAN0034) showing a 242% increase over its equivalent probe grade [3][4] - Chemical assay will be the primary reporting method for Copper Mountain going forward, as it provides more accurate results compared to gamma probe readings [3][4] Historical Context - The initial drill campaign results suggest that the historical estimate of 15-30 million pounds U3O8 across six deposits may be conservative, with potential for new, previously unaccounted mineralization [4] - The findings support previous internal documents from Neutron Energy, indicating the potential for "several hundred million pounds" of uranium at Copper Mountain [4] Future Plans - The company has submitted a Plan of Operations application to drill high-priority prospects, which could increase the number of permitted boreholes to 70 [22] - The drilling program aims to explore deeper mineralization beyond the 600 feet level previously drilled by Union Pacific, with encouraging results from the latest borehole [15][16] Technical Aspects - Drilling was conducted using diamond core and reverse circulation methods, with core samples processed for further analysis [18] - Downhole logging utilized spectral gamma probes to measure gamma emissions, providing insights into mineral composition and aiding in lithological determination [19][20]