Myriad Uranium's Recent Discovery: A Deeper Look into Copper Mountain's Potential
Myriad Uranium Corp. has recently unveiled a significant discovery that could drastically alter the future of its Copper Mountain Uranium Project in Wyoming. The company has compiled and interpreted historic grade interval data relating to the Canning Deposit, the largest estimated historical resource at Copper Mountain. This newfound data, collected from cross sections drafted in 1977, has revealed long intervals of mineralisation with grades exceeding 0.25% eU3O8, potentially indicating even higher grades than previously recognized.
Historical Data: A Treasure Trove of Information
The data was originally drafted by Rocky Mountain Energy, a subsidiary of Union Pacific, and relates to the Canning Deposit. This deposit, which hosts the largest estimated historical resources at Copper Mountain, has been the focus of extensive historical exploration. Union Pacific conducted approximately 2,000 boreholes, discovered 7 historical uranium deposits, and developed a 6-pit mine plan at Copper Mountain, estimating historical resources of between 15.7 and 30.1 Mlbs eU3O8. These estimates, though considered reasonably reliable, are not yet current under NI 43-101 and highlight the need for further exploration and verification.
Unveiling the High-Grade Zone: A Look at the Future of Copper Mountain
The recent compilation of historical grade data from cross section diagrams drafted by Union Pacific has revealed a significant number of high-grade intervals within the Canning deposit. These intervals, with some exceeding 0.25% eU3O8, could point to previously unknown high-grade mineralisation. The combined data has been incorporated into Myriad's 3-D modelling of Canning mineralisation, allowing the company to visualize and target areas of potential high-grade mineralisation.
A Revised Drilling Strategy: Targeting the High-Grade Zone
Myriad's upcoming drill campaign will be significantly impacted by this newly discovered data. The company plans to target areas of higher grade mineralisation identified through the analysis of the historic data. The drill program will also focus on re-assessing the mineralisation associated with steeply dipping structures that are believed to extend well beyond the average depth of historical drilling. These structures, which are known to host higher grades of uranium, offer a potentially lucrative avenue for further exploration.
The Significance of This Discovery: A New Chapter for Copper Mountain
The discovery of this significant historical data could mark a turning point for Myriad's Copper Mountain Uranium Project. The additional information, which will be incorporated into the company's upcoming drill campaign, could lead to the identification of new high-grade uranium deposits, potentially increasing the project's overall potential. This could have a significant impact on the global uranium market, which is currently experiencing growing demand for the metal as a source of energy.
Looking Ahead: A Promising Future for Myriad Uranium
Myriad's commitment to exploring Copper Mountain's potential has been strengthened by this recent discovery. The company's focus on utilizing historical data and targeting areas of high-grade mineralisation demonstrates its dedication to unlocking the project's full potential. The company's upcoming drilling campaign, which will be guided by this new data, promises to shed more light on Copper Mountain's potential and could provide valuable insights into the project's future. This is a story worth watching as Myriad continues to explore the vast potential of its flagship project.
