Myriad Announces Acquisition of Historic Bonanza and Kermac/Day Uranium Mines at Copper Mountain [Yahoo! Finance]
Union Pacific Corporation (UNP)
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Source: Yahoo! Finance
pleased to announce that its earn-in partner Rush Rare Metals Corp. ("Rush"), again guided by proprietary data, has acquired the historic Bonanza and Kermac/Day uranium mines at Copper Mountain (See Figure 1 below). Various proprietary documents in Myriad's possession indicate that the Bonanza Mine produced around 780,000 lbs from 30,000 tons of ore at a grade of 1.3% eU O , while at the Day Mine, 1,152 tons of ore were mined at grades of between 0.12% and 0.56% eU O in the early 1960's (see Figure 2 below). "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. Figure 1: Current Copper Mountain Project Area including Bonanza-Kermac To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/6301/206089_47decf06b46b3b87_002full.jpg Myriad's CEO Thomas Lamb commented, "We continue to
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