Core Insights - Myriad Uranium Corp. has reported updated chemical assay results from drilling at the Copper Mountain Uranium Project, indicating enhanced uranium grades and the discovery of new mineralized intervals, which positively impacts the project's resource potential [1][2][3]. Drilling and Assay Results - In late 2024, the company drilled 34 boreholes at the Canning deposit, with chemical assays showing significantly higher confirmed grades compared to initial gamma probe-derived grades [2][3]. - Grades of 1,000 ppm eU3O8 or more were found to be 60% higher on average, while grades above 500 ppm eU3O8 were 50% higher on average, leading to an overall average increase of 20% across all samples [3][4]. - A total of 706 additional samples were collected for chemical assays, revealing more uranium than previously accounted for, with new intervals reported at various cut-off levels [4][6]. New Mineralized Intervals - At a 500 ppm cut-off, five entirely new intervals were reported; at 200 ppm, 20 new intervals were identified, and at 100 ppm, 31 new intervals were reported [6]. - Specific highlights include intervals such as 502 ppm U3O8 over 2.62 ft and 841 ppm U3O8 over 2.95 ft [6]. Historical Context and Future Plans - The historical study by Bendix in 1982 estimated a mineral endowment of 245 million pounds of uranium in a central area of Copper Mountain, with Myriad controlling 70% of that ground [7][22]. - The company plans to expand its drilling operations under a recently approved plan allowing for 222 boreholes across the Copper Mountain Project area [7][23]. Geological Background - Uranium mineralization at Copper Mountain is attributed to supergene and hydrothermal enrichment processes, with the source believed to be granites from the Owl Creek Mountains [21]. Quality Assurance and Control - The company implemented Standard Operating Procedures for logging and sampling, ensuring quality control through the insertion of blanks and certified reference materials [17].