Here is a micro cap worthy of analysis- MYRUF
I asked Perplexity AI to comment on the following statement made in yesterday's Myriad Uranium press release:
"The Company advises that a significant number of the core and chip samples from its recent drill program are testing above ALS Laboratories' radioactivity thresholds for sample preparation and chemical assay. ALS has informed Myriad that samples with radioactivity levels between 3 to 10 µSv/h will require shipment to their Vancouver facility for processing, whereas samples with radioactivity levels above 10 µSv/h cannot be processed by them. We have located alternative analytical services in the USA with Paragon Geochemical in Sparks, Nevada, and samples are already on their way there. As a result of this change, chemical assay results will be delayed several weeks beyond our target schedule."
Here is the reply:
"The statement from Myriad Uranium's press release strongly suggests the possibility of significantly better assay results once the analysis is completed. There are several key factors supporting this interpretation:- High Radioactivity Levels: A significant number of samples are exceeding ALS Laboratories' radioactivity thresholds, indicating substantial uranium mineralization. This is particularly noteworthy given that ALS is experienced in handling NORM (naturally occurring radioactive materials) samples.
- Processing Challenges: Samples with radioactivity between 3 to 10 µSv/h require special handling, while those above 10 µSv/h cannot be processed by ALS at all. This suggests exceptionally high uranium concentrations in some samples.
- Historical Context: Previous drilling results have already shown high-grade intercepts, including 2,530 ppm eU3O8 over 6.56 feet. The need for alternative processing due to high radioactivity levels suggests that some new samples may contain even higher concentrations.
- Spectral Gamma Ray Logging Results: Earlier reports indicated elevated uranium mineralization across multiple intercepts, with 56 intervals over 500 ppm eU3O8 and 21 intervals over 1,000 ppm eU3O8 across 10 holes. The current processing challenges suggest that some new samples may exceed these already impressive results.
- Potential Underestimation: Recent calibration tests have indicated that previously reported grades may have been understated by up to 13%. This, combined with the current processing challenges, suggests that the actual mineralization could be even more significant than initially thought.
- Alternative Analytical Services: The company's decision to use alternative analytical services capable of handling highly radioactive samples indicates their expectation of significant results.
In conclusion, the high radioactivity levels causing processing delays and the need for specialized handling strongly indicate the potential for exceptionally high-grade uranium mineralization. This aligns with and potentially exceeds the already impressive results from earlier drilling campaigns, suggesting that the final assay results could indeed be significantly better than anticipated."
The assay analysis has been delayed as a result of the necessity to move some samples to other labs. The intimation, however, is that when the assay results are finalized, they will be significantly better than originally anticipated due to the high radiation content of the samples.
Do your own due diligence. |
