Myriad Uranium Announces Further Strong Phase II Drill Results from Copper Mountain
Myriad Uranium reported preliminary gamma probe results from five Phase II drill holes at its 100%-owned Copper Mountain Uranium Project in Wyoming, with the longest interval of 34.29 metres grading 399 ppm eU3O8 and a peak grade of 1,648 ppm eU3O8. The drilling is designed to verify the historical resource estimate of 26.63 Mlbs eU3O8 and support a future maiden mineral resource estimate; results are radiometric estimates subject to laboratory assay verification.
Key figures
- Peak Grade
- 1,648 ppm eU3O8 (hole ARR0003DD)
- Drilling Completed
- 5 boreholes, 797.1 m (2,615 ft)
- Exploration Target
- 1,111 to 2,971 Mt at 100 ppm eU3O8
- Restatement Adjustment
- $595,000 non-cash share-based compensation expense
- Historical Resource Estimate
- 26.63 Mlbs eU3O8 contained in 48.95 Mt at 269 ppm
- Longest Mineralized Interval
- 34.29 m (112.5 ft) at 399 ppm eU3O8
AI analysis
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