Mining Lease Secured at Copper Mountain, Setting the Stage for Future Production
Mining Lease Secured at Copper Mountain, Setting the Stage for Future Production
Vancouver, British Columbia--(Newsfile Corp. - April 22, 2024) - Myriad Uranium Corp. (CSE: M) (OTCQB: MYRUF) (FSE: C3Q) ("Myriad" or the "Company") is pleased to announce that its earn-in partner at the Copper Mountain Uranium Project, Rush Rare Metals Corp. ("Rush"), has entered into a 20-year mining lease (the "Lease") with Diamond X Ranch, LLC ("Diamond X") dated April 9, 2024, with automatic extensions if mining is in progress. The area subject to the Lease (see Figure 1 below) forms part of the Copper Mountain Uranium Project, in which Myriad has a 75% earnable interest pursuant to a property option agreement with Rush. With the Lease, the size of the Copper Mountain Uranium Project increases by 320 acres from 3,886 to 4,206 acres.
不列顛哥倫比亞省溫哥華--（Newsfile Corp.-2024 年 4 月 22 日）- 無數鈾公司 (CSE: M) (OTCQB: MYRUF) (FSE: C3Q) (”Myriad“或者”公司“）高興地宣佈，其銅山鈾項目的盈利合作伙伴Rush Rare Metals Corp.（“Rush”）已於2024年4月9日與Diamond X Ranch, LLC（“Diamond X”）簽訂了爲期20年的採礦租約（“租約”），如果採礦進行中，將自動延期。受租賃約束的區域（見下圖1）是銅山鈾項目的一部分，根據與拉什簽訂的房地產期權協議，Myriad在該項目中擁有75％的可盈利權益。通過租約，銅山鈾項目的規模增加了320英畝，從3,886英畝增加到4,206英畝。
Figure 1: Copper Mountain area leased from Diamond X
圖 1：從 Diamond X 租用的銅山區域
Under the Lease, Myriad has paid Diamond X a US$5,000 signing bonus and the first-year property lease payment of US$8,000 (US$25 per acre). Uranium produced from portions of the leased area where Diamond X holds only surface rights will attract a flat 1% royalty on net returns. Uranium produced from areas where Diamond X holds both surface and mineral rights will attract a flat 3% royalty on net returns. "Net returns" means realised proceeds from the sale of uranium less processing, transportation, and some other costs.
根據租約，Myriad已向Diamond X支付了5,000美元的簽約獎金和8,000美元（每英畝25美元）的第一年房地產租賃付款。從Diamond X僅持有表面權的部分租賃區域生產的鈾將按淨回報率收取1％的固定特許權使用費。在Diamond X同時擁有地表權和礦產權的地區生產的鈾將按淨回報率獲得3％的固定特許權使用費。“淨收益” 是指出售鈾的已實現收益，減去加工、運輸和其他一些成本。
The addition of the Diamond X claims is significant, as it completes the picture for the central part of the overall Myriad Uranium claims and secures the eastern portions of the North Canning (Canning) deposit area. The Canning deposit is known to contain between 8.79 Mlbs (at 0.017% eU3O8) and 19.0 Mlbs (at 0.039% eU3O8), as previously reported here, and is the primary target for planned verification work that is to be undertaken during the upcoming summer field season.
鑽石X索賠的增加意義重大，因爲它完善了所有無數鈾索賠的中心部分，並保護了北坎寧（坎寧）礦牀區東部的安全。已知坎寧礦牀含有8.79億英鎊（歐盟0.017％）3O8) 和 19.0 Mlbs（0.039% 歐盟）3O8），正如先前在這裏報道的那樣，也是計劃在即將到來的夏季實地考察季節開展的核查工作的主要目標。
Thomas Lamb, Myriad's CEO, said: "This is a critical area at Copper Mountain and we're delighted to conclude a lease with Diamond X for access to it on fair terms. We have reasons to be optimistic that verification of resources and the pathway to uranium production at Copper Mountain could begin sooner than expected, especially if we opt for conventional mining, and it was important to secure this area well in advance. We have been boosted by our recent discovery and reporting of historical high grades (up to 3,850 ppm) and long (up to 291 ft) drill intervals relating to our central Canning Deposit (see our March 5, 2024 news release), which had never been publicly reported. Union Pacific was developing plans to mine Canning and several other deposits within the project area, when prices fell dramatically in the late 1970s. Rising prices raise this prospect to a new level of interest again. Now we have everything we need in terms of mineral and access rights at Canning to verify and restate the historical resources. I'd like to note that Union Pacific never drilled deeper than 183 metres anywhere at Copper Mountain and we believe that significant high grade potential could exist deeper along fault boundaries throughout the project areas. I'll be visiting Copper Mountain in a few weeks with our geologist George van der Walt to locate and examine old holes and plan our summer and fall exploration program there. I look forward to providing investors with an update after our visit."
Myriad首席執行官托馬斯·蘭姆表示：“這是銅山的關鍵區域，我們很高興與Diamond X簽訂租約，以便以公平的條件進入該區域。我們有理由樂觀地認爲，銅山的資源覈查和鈾生產路徑可能會比預期的更快開始，特別是如果我們選擇傳統採礦，而且提前保護該地區的安全非常重要。我們最近發現並報告了與我們的中央坎寧礦牀相關的歷史高品位（高達3,850 ppm）和長（高達291英尺）的鑽探間隔（見我們2024年3月5日的新聞稿），這些鑽探間隔從未公開報道，這使我們受益良多。聯合太平洋正在制定計劃，在項目區域內開採坎寧和其他幾種礦牀，當時價格在1970年代末急劇下跌。價格上漲再次將這一前景提高到了一個新的興趣水平。現在，我們在坎寧擁有了礦產和准入權方面所需的一切，以驗證和重述歷史資源。我想指出的是，聯合太平洋從未在銅山的任何地方鑽探的深度超過183米，我們相信整個項目區域的斷層邊界沿線可能存在巨大的高品位潛力。幾周後我將與我們的地質學家喬治·範德沃爾特一起參觀銅山，尋找和檢查舊洞，並計劃我們在那裏的夏季和秋季勘探計劃。我期待在我們訪問後向投資者提供最新情況。”
A qualified person (as defined under NI 43-101) has not done sufficient work to classify the historical resource estimates reported in this news release as current mineral resources or mineral reserves, and Myriad is not treating the historical resource estimates as current mineral resources or mineral reserves.
合格人員（定義見NI 43-101）沒有做足夠的工作來將本新聞稿中報告的歷史資源估計值歸類爲當前的礦產資源或礦產儲量，而且Myriad沒有將歷史資源估計值視爲當前的礦產資源或礦產儲量。
Qualified Person
合格人員
The scientific or technical information in this news release respecting the Company's Copper Mountain Project has been approved by George van der Walt, MSc., Pr.Sci.Nat., MGSSA, a Qualified Person as defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects. It is based on the Qualified Person's initial review of historical reports which were recently obtained by the Company. The Qualified Person considers the information to be relevant based on the amount and quality of work undertaken and reported historically. However, the information did not include original data such as drilling records, sampling, analytical or test data underlying the information or opinions contained in the written documents. Therefore, the Qualified Person has not reviewed or otherwise verified the information and has not done sufficient work to classify the historical estimates as current mineral resources or mineral reserves. A more thorough review of any available original data will be undertaken and reported on in more detail in future releases.
本新聞稿中有關公司銅山項目的科學或技術信息已獲得喬治·範德沃爾特理學碩士、Pr.Sci.Nat.、MGSSA 的批准，他是《國家儀器 43-101》中定義的合格人員- 礦產項目披露標準。它基於合格人員對公司最近獲得的歷史報告的初步審查。根據歷史上所進行和報告的工作數量和質量，合格人員認爲信息是相關的。但是，這些信息不包括原始數據，例如鑽探記錄、取樣、分析或測試數據，這些數據是書面文件中所載信息或意見所依據的。因此，合格人員沒有審查或以其他方式驗證信息，也沒有做足夠的工作來將歷史估算值歸類爲當前的礦產資源或礦產儲量。將對任何現有原始數據進行更全面的審查，並在今後的版本中進行更詳細的報告。
About Myriad Uranium Corp.
關於無數鈾公司
Myriad Uranium Corp. is a uranium exploration company with an earnable 75% interest in the Copper Mountain Uranium Project in Wyoming, USA. Copper Mountain hosts several known uranium deposits and historic uranium mines, including the Arrowhead Mine which produced 500,000 lbs of eU3O8. Copper Mountain saw extensive drilling and development by Union Pacific, which developed a mine plan and built a leach pad for one of the deposits at Copper Mountain. Operations ceased in 1980 before mining could commence due to falling uranium prices. Approximately 2,000 boreholes have been drilled at Copper Mountain and the project area has significant exploration upside. Union Pacific is estimated to have spent C$117 million (2023 dollars) exploring and developing Copper Mountain, generating significant historical resource estimates which are detailed here.
Myriad Uranium Corp. 是一家鈾勘探公司，持有美國懷俄明州銅山鈾項目75％的可盈利權益。銅山擁有多個已知的鈾礦牀和歷史悠久的鈾礦，包括出產50萬磅歐盟的Arrowhead礦3O8。聯合太平洋公司對銅山進行了大規模的鑽探和開發，制定了採礦計劃，併爲銅山的一個礦牀建造了滲濾區。由於鈾價格下跌，在開採之前於1980年停止了運營。在銅山已經鑽了大約2,000個鑽孔，該項目區域有很大的勘探前景。據估計，聯合太平洋已花費1.17億加元（2023年美元）勘探和開發銅山，得出了重要的歷史資源估算值，詳情見此處。
Myriad also holds 80% ownership of over 1,800 km2 of uranium exploration licenses in the Tim Mersoï Basin, Niger, with the option to earn up to 100%. These licenses are surrounded by many of the most significant uranium deposits in Africa, including Orano's 384 Mlbs eU3O8 Imouraren, Global Atomic's 236 Mlbs Dasa, and Goviex's 100 Mlbs Madaouela, and on the same fault structures. Myriad also has a 50% interest in the Millen Mountain Property in Nova Scotia, Canada, with the other 50% held by Probe Metals Inc. For further information, please refer to Myriad's disclosure record on SEDAR+ (), contact Myriad by telephone at +1.604.418.2877, or refer to Myriad's website at .
Myriad 還持有 1,800 多公里的 80% 所有權2 尼日爾蒂姆梅爾索伊盆地的鈾勘探許可證，可以選擇獲得高達100％的收入。這些許可證周圍環繞着非洲許多最重要的鈾礦牀，包括歐拉諾的384百萬英鎊（歐盟）3O8 Imouraren、Global Atomic 的 236 Mlbs Dasa 和 Goviex 的 100 Mlbs Madaouela，都在相同的斷層結構上。Myriad還持有加拿大新斯科舍省米倫山地產50％的權益，另外50％由Probe Metals Inc持有。欲了解更多信息，請參閱Myriad在SEDAR+（）上的披露記錄，致電+1.604.418.2877與Myriad聯繫，或訪問Myriad的網站，網址爲。
Recent interviews with Crux Investor and VSA are here and here. A video overview of the Copper Mountain Project is here.
最近對Crux Investor和VSA的採訪在這裏和這裏。這裏是銅山項目的視頻概述。
Myriad Contacts:
Thomas Lamb
President and CEO
tlamb@myriaduranium.com
無數聯繫人：
托馬斯·蘭姆
總裁兼首席執行官
tlamb@myriaduranium.com
Forward-Looking Statements
前瞻性陳述
Mineralization hosted on adjacent or nearby properties is not necessarily indicative of mineralization hosted on the Company's properties. This news release contains "forward-looking information" that is based on the Company's current expectations, estimates, forecasts and projections. This forward-looking information includes, among other things, the Company's business, plans, outlook and business strategy. The words "may", "would", "could", "should", "will", "likely", "expect," "anticipate," "intend", "estimate", "plan", "forecast", "project" and "believe" or other similar words and phrases are intended to identify forward-looking information. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect, including with respect to the Company's business plans respecting the exploration and development of the Company's mineral properties, the proposed work program on the Company's mineral properties and the potential and economic viability of the Company's mineral properties. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the Company's actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. Such factors include, but are not limited to: changes in economic conditions or financial markets; increases in costs; litigation; legislative, environmental and other judicial, regulatory, political and competitive developments; and technological or operational difficulties. This list is not exhaustive of the factors that may affect our forward-looking information. These and other factors should be considered carefully, and readers should not place undue reliance on such forward-looking information. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required by applicable law.
鄰近或附近物業上存在的礦化不一定表示公司房產上存在礦化。本新聞稿包含基於公司當前預期、估計、預測和預測的 “前瞻性信息”。這些前瞻性信息包括公司的業務、計劃、前景和業務戰略等。“可能”、“將”、“可能”、“應該”、“將”、“可能”、“期望”、“預期”、“打算”、“估計”、“計劃”、“預測”、“項目” 和 “相信” 等詞語或其他類似的詞語和短語旨在識別前瞻性信息。提醒讀者，在準備任何前瞻性信息時使用的假設都可能被證明是不正確的，包括有關公司礦產勘探和開發的業務計劃、關於公司礦產特性的擬議工作計劃以及公司礦產的潛在和經濟可行性。前瞻性信息受已知和未知風險、不確定性和其他因素的影響，這些因素可能導致公司的實際業績、活動水平、業績或成就與此類前瞻性信息所表達或暗示的結果存在重大差異。這些因素包括但不限於：經濟狀況或金融市場的變化；成本的增加；訴訟；立法、環境和其他司法、監管、政治和競爭的發展；以及技術或運營方面的困難。該清單並未詳盡列出可能影響我們前瞻性信息的因素。應仔細考慮這些因素和其他因素，讀者不應過分依賴此類前瞻性信息。除非適用法律要求，否則公司無意更新或修改任何前瞻性信息，也明確表示不打算或義務更新或修改任何前瞻性信息，無論這些信息是由於新信息、未來事件還是其他原因造成的。
The CSE has not reviewed, approved or disapproved the contents of this news release.
CSE 尚未審查、批准或不批准本新聞稿的內容。
譯文內容由第三人軟體翻譯。