Myriad Uranium Completes High-Resolution Ground Geophysics at Red Basin, Secures 100% Ownership, and Launches Market Awareness Program

Core Insights - Myriad Uranium Corp. has completed ground radiometric and magnetic surveys over its Red Basin Project in New Mexico, fulfilling its earn-in requirements and securing 100% ownership of the claims [1][3][5] - The Red Basin area is estimated to contain up to 45 million pounds of uranium, with Myriad's claims covering a significant portion of historical drilling and known resources [3][14] - The company has engaged Machai Capital for a 12-month investor awareness program to enhance its visibility and market presence [2][15] Survey Details - The ground magnetic survey collected 160 line-km of data, while gamma mapping covered 142 line-km, with specific equipment used for high sensitivity and accuracy [6][12] - The surveys were conducted at 50 m line spacing, with the magnetic survey showing channel-like features that may indicate subsurface channels [4][7] Geological Context - Historical exploration in the Red Basin district dates back to the 1950s, with previous drilling by Gulf Oil and Occidental Petroleum identifying significant uranium-vanadium mineralization [8][9] - The mineralization is primarily hosted in channelized roll-front deposits within permeable sandstones, with potential for both open-pit and underground mining [12][14] Investment and Marketing Strategy - Myriad has allocated $300,000 and issued 300,000 stock options to Machai Capital as part of its marketing strategy, aimed at increasing investor awareness and engagement [16][17] - The marketing services will include digital content creation, social media marketing, and search engine optimization [15]