CORRECTION FROM SOURCE: Myriad Uranium Announces Preliminary Radiometric Results from Lucky Cliff Drilling
Original announcement by orestocks on
- Company
- Myriad Uranium Corp.
- Ticker
- M
- Exchange
- Unavailable
- Region
- Wyoming, USA
- Primary commodity
- Uranium
- Secondary commodities
- None reported
- Document categories
- Resource update, Other
- Extracted
- 2026-08-24 09:33:18 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Myriad Uranium Corp. issued a correction to its previous announcement regarding historical resource estimates at the Copper Mountain Project. The corrected estimate increases the historical resource from 44.1 Mt at 171 ppm eU3O8 to 48.95 Mt at 269 ppm eU3O8.
Reasoning: The document is a correction to a previous release, significantly upgrading the historical resource metrics (tonnage and grade), but the data remains historical, unverified, and decades old.
Positive factors
- Correction significantly increases reported tonnage and grade
Negative factors
- Historical estimate only
- Decades old data
- Lack of original drill logs
- Unverified by current management
Low confidence — this extraction should be reviewed alongside the original source.
Facts used in scoring: 1
Classification and evidence
Historical Estimate Onlynegative
Estimate pre-dates or does not comply with current JORC/NI 43-101 standards — requires verification drilling.
Why it applies: The resource is based on 1979 reports and is not being treated as a current mineral resource or reserve.
Evidence · text
“A Qualified Person has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves”
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: George van der Walt, MSc., Pr.Sci.Nat., FGSSA, a Qualified Person, reviewed and approved the disclosure.
Evidence · text
“has been reviewed and approved by George van der Walt... a "Qualified Person" as defined under NI 43-101”
Extracted facts
Stored fact records: 1. Some facts used in scoring do not have a stored record.
Resource Estimates (1)
inferreduraniumTonnes: 48950000Grade: 269Grade Unit: ppmContained Metal: 26.63Contained Unit: MlbsHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Commodity
- uranium
- Ticker
- M
Resource Data
- Category
- inferred
- Tonnes
- 48950000
- Grade
- 269
- Grade Unit
- ppm
- Contained Metal
- 26.63
- Contained Unit
- Mlbs
- Cutoff Grade
- 100
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 1979-01-01T00:00:00.000Z
Dates
- Event date
- 2026-08-24T00:00:00.000Z
Reasoning: This is a restatement of a 1979 historical estimate which is unverified and lacks current drill log support.
Positive factors
- Higher grade and tonnage than previously stated
Negative factors
- Historical estimate
- Data is decades old
- Original logs unavailable
- Not treated as current resource
Evidence · text
“The historical estimate of 26.63 Mlbs eU3O8 in 48.95 Mt at 269 ppm eU3O8, using a 100 ppm cut-off”
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.