Myriad Uranium Corp. announced that in order to constrain structures and identify possible uranium traps ahead of upcoming drilling, the Company has initiated geophysical surveys at key target areas within the ompany's Agebout and Afouday licenses. Drones carrying high-resolution magnetometers have already started flying a planned 5,942 line-km pattern at 50m line spacing 35m flying height.

Early indications from the field are that the drone survey is successfully detecting very low amplitude features that would otherwise be difficult or impossible to detect using traditional fixed wing or helicopter- based surveys. Data acquisition is expected to be completed within 6 to 8 weeks, with processing and interpretation following within 4 weeks after that. One of the challenges of targeting uranium mineralization in the Tim Mersoï Basin is accurately locating the fault structures that control mineralization.

In the past, mainly roll front type mineralization has been targeted by Orano in proximity to the main Arlit Fault. However, more recent work by the likes of Global Atomic and GoviEx has shown that significant mineralization can be found in, or associated with, secondary fault structures away from the Arlit Fault. This strategy requires a more focused approach to locating the position of fault structures, which will reduce the need for the type of grid-style drilling that has been employed previously.

Existing geophysical data, flown at 200m line spacing, while useful for the interpretation of larger scale structures, is unable to accurately resolve the position of smaller scale structures. Myriad's strategy currently involves the use of high-resolution geophysical methods for fault identification, including drone- based magnetic surveys and trials of either Induced Polarisation (IP) or Audio-Magneto Tellurics (NS- AMT). Myriad has recently appointed AeroPhysX Survey Limited to conduct high-resolution drone-based magnetic surveys over two high-priority areas inside Myriad's Agebout and Afouday licenses.

The purpose of these surveys is to accurately resolve the position of fault structures on surface.