High-Resolution Ground Geophysics Completed At Red Basin

VANCOUVER – Myriad Uranium Corp. has completed ground radiometric and magnetic surveys over the original claim areas that were the subject of the 100% earn-in to the Red Basin Project, New Mexico. The area is comprised of 86 lode claims in the Red Basin area of the Datil Mountains – Pietown Uranium District, Catron County, New Mexico covering approximately 1,776 acres (approximately 719 hectares). The completion of this phase of work fulfils Myriad’s earn-in requirements.
Thomas Lamb, CEO, said, “The entire basin is estimated to contain up to 45 Mlbs of uranium and our acreage within it is excellent, comprising the vast majority of historical drilling and known resources. Mineralisation is hosted in thick sections of channelized roll-front deposits hosted in permeable sandstones from surface to depths of less than 450 feet. The setting and nature of the mineralisation suggests there may be numerous extraction options that could be considered, including in-situ recovery. We are currently advancing a large-scale exploration permit for the project and this high-resolution ground survey will help us optimise it.”