It's not a myth. Once you breach around 80-85% of your heart rate max, your body becomes unable to generate enough energy through fat metabolism. It then has to rely more heavily on the already occurring carbohydrate metabolism to supplement its energy deficit. The key here is that with prolonged exercise your body is not able to supplement its energy requirements with carbohydrate metabolism alone because 1) it doesn't produce a whole lot of energy in the first place, and 2) carbohydrate metabolism slows due to depleted sugar levels within the cells, at which point...
the body turns to protein metabolism for energy. And where is the nearest supply of protein? In the muscular tissue already doing the work.
This actually happens a lot in marathon running, but can happen during any form of exercise in the spectrum if the intensity level is high enough for a prolonged period of time.
Understandably, your body is not generally relying on fats for energy during resistance training, but if you are working out at such an intensity that you are maintaining a heart rate around 80-85% of your max then it means that your body is working extremely hard to both deliver fuels (fats/carbs/proteins) to the cells to generate energy and removing metabolic wastes from your cells to prevent stalling of the metabolic process within the cells. That high a heart rate means that you body is working in an energy deficit, meaning that if it is prolonged, it will have to eventually turn to proteins to supplement its energy needs.