Red Basin, New Mexico, USA
RED BASIN URANIUM PROJECT
Myriad owns 100% of the Red Basin Uranium Project in New Mexico, USA
- Historical drilling in the district confirms that the Red Basin Project contains high-grade uranium minersalisation of 0.17%-0.31% that is near surface with signigicant potential for associated vanadium up to 1.64% V2O5.
- The mineralisation is in thick sections of rollfront deposits hosted in permeable sandstones from surface to depths of less than 450 feet.
- The broader Datil Mountains – Pietown area could contain 40 Mlbs or more of high-grade uranium with much of it potentially amenable to ISR.