Myriad Announces Acquisition of Historic Bonanza and Kermac/Day Uranium Mines at Copper Mountain
"Bonanza-Kermac" aggregates 280 acres, and its acquisition increases the area subject to Myriad's 75% earnable interest under the property option agreement between Myriad and Rush from 3,605 acres to 3,886 acres.
- "Bonanza-Kermac" aggregates 280 acres, and its acquisition increases the area subject to Myriad's 75% earnable interest under the property option agreement between Myriad and Rush from 3,605 acres to 3,886 acres.
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Myriad's CEO Thomas Lamb commented, "We continue to add highly prospective acreage at Copper Mountain." - Mineralization in these areas formed by basinward migration of uranium in channel sediments with precipitation occurring at roll-front boundaries or fault/hydrocarbon redox areas.
- indicating the Bonanza Mine's estimated uranium endowment and grade.