Rush Confirms Significant Expansion of Copper Mountain Uranium Project Claim Area and Provides Boxi Progress Update
Rush Rare Metals announces that its earn-in partner Myriad Uranium has significantly expanded the Copper Mountain uranium property in Wyoming from 4,200 to 9,320 acres. The expansion includes new prospects such as Railroad, Steffen Hill, Cedar Ridge, Mole, West Mesa, and Lucky Cliff, plus extensions of existing areas like Fuller, Mint, Midnight, and Knob.
The expansion was guided by historical exploration data including over 2,000 drill holes from Union Pacific's 1970s work and Myriad's 2024 maiden drill program. Many new areas show significant uranium mineralization, with some targeted for sandstone-hosted deposits potentially suitable for in-situ recovery.
The company also provided an update on its Boxi Property in Quebec, which hosts niobium within pegmatite intrusions. Recent channel sampling continued to show anomalous niobium values, though at lower levels than earlier prospecting. The property spans a 15km prospective zone with potential for critical minerals.
Rush Rare Metals annuncia che il suo partner di guadagno Myriad Uranium ha significativamente ampliato la proprietà di uranio Copper Mountain nel Wyoming da 4.200 a 9.320 acri. L'espansione include nuovi potenziali come Railroad, Steffen Hill, Cedar Ridge, Mole, West Mesa e Lucky Cliff, oltre a estensioni di aree esistenti come Fuller, Mint, Midnight e Knob.
L'espansione è stata guidata da dati storici di esplorazione che includono oltre 2.000 fori di perforazione realizzati dai lavori della Union Pacific negli anni '70 e dal programma di perforazione iniziale di Myriad nel 2024. Molte nuove aree mostrano una significativa mineralizzazione di uranio, con alcune mirate a depositi ospitati nella sabbia che potrebbero essere adatti per un recupero in situ.
L'azienda ha anche fornito un aggiornamento sulla sua Boxi Property in Quebec, che ospita niobio all'interno di intrusioni di pegmatite. Recenti campionamenti a canale continuano a mostrare valori anomali di niobio, sebbene a livelli inferiori rispetto a precedenti attività di prospezione. La proprietà si estende su una zona prospettica di 15 km con potenziale per minerali critici.
Rush Rare Metals anuncia que su socio de ganancias Myriad Uranium ha ampliado significativamente la propiedad de uranio Copper Mountain en Wyoming de 4,200 a 9,320 acres. La expansión incluye nuevos prospectos como Railroad, Steffen Hill, Cedar Ridge, Mole, West Mesa y Lucky Cliff, además de extensiones de áreas existentes como Fuller, Mint, Midnight y Knob.
La expansión fue guiada por datos históricos de exploración que incluyen más de 2,000 perforaciones realizadas por Union Pacific en los años 70 y el programa de perforación inicial de Myriad de 2024. Muchas áreas nuevas muestran una significativa mineralización de uranio, con algunas orientadas a depósitos alojados en areniscas que podrían ser adecuados para recuperación in situ.
La empresa también proporcionó una actualización sobre su Boxi Property en Quebec, que alberga niobio dentro de intrusiones de pegmatita. Los recientes muestreos en canal continúan mostrando valores anómalos de niobio, aunque a niveles más bajos que las prospecciones anteriores. La propiedad abarca una zona prospectiva de 15 km con potencial para minerales críticos.
Rush Rare Metals는 그들의 수익 파트너 Myriad Uranium가 와이오밍의 Copper Mountain 우라늄 자산을 4,200 에이커에서 9,320 에이커로 대폭 확장했다고 발표했습니다. 확장에는 Railroad, Steffen Hill, Cedar Ridge, Mole, West Mesa 및 Lucky Cliff와 같은 새로운 지역이 포함되며, Fuller, Mint, Midnight 및 Knob과 같은 기존 지역의 연장도 포함됩니다.
확장은 1970년대 Union Pacific의 작업과 Myriad의 2024년 최초의 드릴링 프로그램에서 얻은 2,000개 이상의 드릴링 홀을 포함한 역사적 탐사 데이터를 기반으로 이루어졌습니다. 많은 새로운 지역에서 상당한 우라늄 광화가 나타나며, 일부는 현장 회수에 적합할 수 있는 사암 호스트 매장지로 목표가 설정되어 있습니다.
회사는 또한 퀘벡의 Boxi Property에 대한 업데이트를 제공했습니다. 이 곳은 페그마타이트 침투 내에서 니오븀을 함유하고 있습니다. 최근 채널 샘플링에서도 이전 탐사보다 낮은 수준에서 이상적인 니오븀 값을 계속 보여주고 있습니다. 이 부지는 15km의 잠재적 자원을 가진 지역을 차지하고 있습니다.
Rush Rare Metals annonce que son partenaire d'acquisition Myriad Uranium a considérablement étendu la propriété d'uranium Copper Mountain dans le Wyoming, passant de 4 200 à 9 320 acres. L'extension comprend de nouvelles perspectives telles que Railroad, Steffen Hill, Cedar Ridge, Mole, West Mesa et Lucky Cliff, ainsi que des prolongements de zones existantes comme Fuller, Mint, Midnight et Knob.
L'expansion a été guidée par des données historiques d'exploration, incluant plus de 2 000 forages réalisés par Union Pacific dans les années 1970 et le programme de forage inaugural de Myriad en 2024. De nombreuses nouvelles zones montrent une minéralisation significative d'uranium, certaines étant ciblées pour des dépôts dans du grès pouvant être adaptés pour une récupération in situ.
L'entreprise a également fourni une mise à jour sur sa Boxi Property au Québec, qui contient du niobium au sein d'intrusions de pegmatite. Les récents échantillonnages en canal continuent de montrer des valeurs anormales de niobium, bien qu'à des niveaux inférieurs à ceux observés lors des précédentes prospections. La propriété s'étend sur une zone prospective de 15 km avec un potentiel pour des minéraux critiques.
Rush Rare Metals gibt bekannt, dass sein Gewinnpartner Myriad Uranium die Uranlagerstätte Copper Mountain in Wyoming von 4.200 auf 9.320 Acres erheblich erweitert hat. Die Erweiterung umfasst neue Aussichten wie Railroad, Steffen Hill, Cedar Ridge, Mole, West Mesa und Lucky Cliff sowie Erweiterungen bestehender Gebiete wie Fuller, Mint, Midnight und Knob.
Die Expansion wurde durch historische Erkundungsdaten geleitet, die über 2.000 Bohrlöcher aus den Arbeiten der Union Pacific in den 1970er Jahren und das erste Bohrprogramm von Myriad im Jahr 2024 umfassen. Viele neue Gebiete zeigen eine signifikante Uranmineralisierung, wobei einige auf sandstein-hosted Ablagerungen abzielen, die potenziell für eine In-situ-Rückgewinnung geeignet sein könnten.
Das Unternehmen hat auch ein Update zu seiner Boxi Property in Quebec gegeben, die Niobium in Pegmatiteintrusionen enthält. Jüngste Kanalmusterungen zeigen weiterhin anomale Niobiumwerte, wenn auch auf einem niedrigeren Niveau als bei früheren Erkundungen. Die Immobilie erstreckt sich über eine 15 km lange potenzielle Zone mit Potenzial für kritische Mineralien.
- Significant property expansion from 4,200 to 9,320 acres at Copper Mountain
- New areas acquired show confirmed uranium mineralization
- Historical data includes over 2,000 drill holes supporting expansion decision
- Potential for sandstone-hosted deposits suitable for in-situ recovery
- Recent Boxi Property channel samples showed lower niobium values compared to earlier results
- Uranium mining currently suspended in Quebec under temporary moratorium
VANCOUVER, BC / ACCESS Newswire / January 21, 2025 / Rush Rare Metals Corp. (CSE:RSH) ("Rush" or the "Company) is pleased to confirm that its earn-in partner on the Copper Mountain uranium property in Wyoming, Myriad Uranium Corp. (CSE:M)(OTCQB:MYRUF)(FRA:C3Q) - ("Myriad"), has announced a large expansion of the project area, from approximately 4,200 acres to approximately 9,320 acres.
The newly acquired areas include prospects generally known as Railroad, Steffen Hill, Cedar Ridge, Mole, West Mesa, and Lucky Cliff, plus extensions of existing areas such as Fuller, Mint, Midnight, and Knob (see Figure 1 below). Most of the new areas have confirmed significant surface or subsurface uranium mineralisation and may be prospective for other minerals. Some of the newly-acquired areas were previously targeted for uranium mineralisation in sandstone. This is important because sandstone-hosted deposits could be more amenable to in-situ recovery methods, if the conditions are favourable. All of the new areas were acquired by staking.
The expansion of the Copper Mountain Project claim area was largely guided by extensive information from historical exploration data (which includes over 2000 drill holes), mainly completed by Union Pacific during the 1970's, as well as insights from Myriad's 2024 successful maiden drill program.
Peter Smith, Rush's CEO, commented "We are very excited about the recent expansions at Copper Mountain, which adds a great deal of ground to our earn-in agreement with Myriad, creating exciting new value and potential for Rush shareholders. We have an ever-expanding collection of highly prospective zones at Copper Mountain which have all demonstrated great potential for extensive uranium mineralization through historical exploration records. In addition, Myriad's recent successful drill program in just one of these zones, at the Canning zone, has started to not only validate the historical work, but also increase our expectations in terms of the size, depth and grade in some of these mineralized zones. We anxiously await further exploration insights beyond the Canning zone, including for Mint, Bonanza, Fuller, Steffan Hill, Knob, Railroad, Midnight, Hesitation, Cedar Ridge, and others. It certainly appears that Copper Mountain is fast becoming Wyoming's largest and most exciting uranium project."
Myriad's news release dated January 20, 2025, can be found here, and contains comments from the CEO of Myriad.
Boxi Property Update
The Boxi Property is a road accessible property comprised of over 8,000 hectares, located just a short distance from Mont Laurier, Quebec. Boxi was formerly held by Areva S.A. (now Orano), who held the Property based on early samples returning high values for uranium. Orano dropped the Property following the Fukushima incident in 2013, and uranium mining was subsequently suspended in Quebec under a temporary moratorium still in place today. Rush subsequently acquired the Property on the strength of niobium values in samples taken by Orano in 2011.
Niobium is categorized as a critical mineral in Canada and is used to make strong, light weight and corrosion resistant steel, superconductors, and various other highly topical products. There are only three niobium mines of any significance in the world, two of them in Brazil, and the third, the Niobec Mine, just 350km from Boxi in Quebec. Unlike these operating mines, which are hosted within carbonatite intrusions, the Boxi Property stands out by hosting niobium within pegmatite intrusions.
Previous exploration at the Boxi Property was summarized in a Company news release dated July 12, 2024.
We are pleased to report some more recent results from the Boxi Property. In the late fall of 2024, some additional channel samples were taken at various points along the mineralized dyke as shown below on Map 2.
Results from the channel samples are summarized on the following table:
The mineralized dyke at Boxi continues to be highly anomalous for niobium. However, recent results have failed to produce the much higher results often found in earlier prospecting programs. The niobium on the BX-1 showing is hosted in a pegmatite composed of quartz, feldspar, biotite and minor magnetite. The Boxi Property still holds significant untapped potential, particularly along the interpreted highly prospective NE-SW trending zone. This zone, spanning up to 15 km, has been delineated through interpretations from radiometric and magnetic surveys. The BX-1 Showing is located along that trend. Additionally, the presence of other critical-mineral-rich pegmatite occurrences in the area, as documented on the SIGEOM's government website, further underscores the strong exploration potential, both along strike and in other unexplored parts of the property.
In particular, a previously discovered radiometric anomaly at the far east of the Boxi Property along the NE-SW prospective trend should be further investigated. Additionally, the controls on pegmatite distribution and grade variability across the property remain to be fully understood.
Further analysis will be done over the rest of the winter and plans for future exploration work will be announced in due course, which may include geophysics, sub-surface investigation of the dyke and further stripping and sampling in other areas.
Qualified Person
Clyde McMillan, P. Geo, a "Qualified Person" for the purpose of National Instrument 43-101, has reviewed and approved the scientific or technical information included in this news release respecting the Boxi Property. There were no limits on the verification process. Further scientific or technical information in this news release respecting the Boxi Property is based on an independent geological report titled "43-101 Technical Report on the BOXI REE-Nb-U Deposit" dated August 6, 2022 and available at Rush's disclosure record on SEDAR+ (www.sedarplus.ca).
About Rush Rare Metals Corp.
Rush Rare Metals Corp. is a mineral exploration company focused on its Boxi Property located in the Province of Québec, Canada. Rush also owns the Copper Mountain Project located in Wyoming, USA, which it has optioned to Myriad Uranium Corp. Rush currently has a
Rush Contacts:
Peter Smith
Chief Executive Officer
psmith@rushraremetals.com
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Mineralization hosted on adjacent or nearby properties is not necessarily indicative of mineralization hosted on the Company's properties. Certain statements in this news release are forward-looking statements, including with respect to future plans, and other matters. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as "may", "expect", "estimate", "anticipate", "intend", "believe" and "continue" or the negative thereof or similar variations. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company, including but not limited to, business, economic and capital market conditions, the ability to manage operating expenses, and dependence on key personnel. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, anticipated costs, and the ability to achieve goals. Factors that could cause the actual results to differ materially from those in forward-looking statements include, the continued availability of capital and financing, litigation, loss of key employees and consultants, and general economic, market or business conditions. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The reader is cautioned not to place undue reliance on any forward-looking information.
The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
The CSE has not reviewed, approved or disapproved the contents of this news release.
SOURCE: Rush Rare Metals Corp.
View the original press release on ACCESS Newswire
FAQ
What is the new size of Myriad Uranium's (MYRUF) Copper Mountain project after the January 2025 expansion?
Which new prospects were added to MYRUF's Copper Mountain project in the January 2025 expansion?
What historical data supported MYRUF's Copper Mountain expansion decision?
How does the sandstone-hosted uranium deposits at Copper Mountain benefit MYRUF?
