VANCOUVER, BC / ACCESSWIRE / September 10, 2024 / Rush Rare Metals Corp. (CSE:RSH) ("Rush" or the "Company) is pleased to announce that its earn-in partner on the Copper Mountain uranium property in Wyoming, Myriad Uranium Corp. (CSE: M)(OTCQB: MYRUF)(FRA: C3Q) - ("Myriad") has completed and shared the results of a ground magnetometer geophysical survey on the "Canning" area, located at the centre of the Copper Mountain Uranium Project covering approximately 4,200 acres in Wyoming, U.S.A (see Myriad's news release dated September 9, 2024). This survey was part of Myriad's maiden 2024 exploration program, to be followed by exploration drilling, which Myriad anticipates will commence in the coming weeks. Myriad's stated current objective for the 2024 exploration program is to convert the large historical uranium resource at Copper Mountain into current categories under National Instrument 43-101.
It should be noted that Canning is one of a large number of known uranium occurrences within Rush and Myriad's larger claim area at Copper Mountain. See Figure 1 below.
Rush CEO Peter Smith commented, "Thomas Lamb and the rest of the Myriad team have done an outstanding job advancing Copper Mountain over the past several months. In addition to expanding the claim area to include a number of new highly prospective uranium occurrences, including Midnight, Bonanza, Kermac/Day, and others, confirmation drilling in the Canning area is now imminent. The Canning area was previously slated for open-pit development by Union Pacific prior to the Three-Mile-Island incident in 1979, and they had identified a number of open-pit zones, which we will now be verifying and further investigating with new drilling. These recent geophysical results should help guide early drilling more precisely. In turn, Rush eagerly awaits early drill results, which may begin to confirm the potential enormous value of this project. In addition, while we are very pleased to see concrete steps taken toward development of the Canning area, we are equally excited to see what potential value all of these other known historical occurrences, similarly explored, can add to the overall value we have at Copper Mountain. The potential scale of this project has become truly enormous."
Figure 1. Rush/Myriad Claim area at Copper Mountain, including historical occurrences and drillingAbout 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 100% interest in both properties. For further information, please refer to Rush's disclosure record on SEDAR+ (www.sedarplus.ca) or contact Rush by email at [email protected] or by telephone at 778.999.7030, or refer to Rush's website at www.rushraremetals.com.
Rush Contacts:
Peter Smith
Chief Executive Officer
[email protected]
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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.
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