Land Position Doubled At Copper Mountain Uranium Project

VANCOUVER – Myriad Uranium Corp. reported significant expansion of its land position at the Copper Mountain Uranium Project in Wyoming, increasing total holdings from approximately 9,439 acres to approximately 18,351 acres. This acreage now covers all key areas and targets across the Copper Mountain district.
The expanded staking program was guided by results from the Company’s recent high-resolution radiometric and magnetic survey. Notably, the vast majority of radiometric anomaly points identified by the survey occur in previously untested ground east of the north-south structural corridor indicated. In contrast, all known historic uranium resources and nearly all previously identified targets at Copper Mountain are located west of this corridor. The southern areas have been added because of other highly positive characteristics.
CEO, Thomas Lamb, said, “Our recent geophysics identified the signatures of known uranium resources at Copper Mountain and illuminated an entirely new very large area to the east of known resources with a corresponding signature. We quickly acquired this new large area and other areas suggested by the geophysics and our other data. Confidence is increasing that we now have one of the largest uranium projects in the United States. Based on results of our own initial drill program, we already have strong confidence in the core deposits and historic resources delineated by Union Pacific in the 1970’s. As uranium prices rise, a progressively larger share of our endowment will transition into economic viability, offering strong leverage to the steadily increasing price of uranium.”