Drilling Permit at Garfield Hills (Commencing Soon) After recently increasing the land package and sampling up to 0.32% U3O8, $UUSA.C has just received a drilling permit at the Garfield Hills uranium property and has also announced stock option grants. The drill permit allows for up to a 5,000m, 25-hole diamond drill program to test the extent of uranium mineralization that includes historic drill intercepts from the late-1960s.
- Phase 1 will begin mid-October and include up to 2,000m of drilling.
- Alongside that, they’ll conduct a UAV radiometric survey to map out potential uranium targets.
- They also announced some new stock option grants.
https://ca.finance.yahoo.com/news/kraken-energy-receives-drill-permit-113000850.html
As the world continues to struggle with the energy crisis, countries have been looking into nuclear energy due to its cost-effective and eco-friendly nature. With the nuclear energy market beginning to show signs of growth, uranium will be needed to satisfy the energy demand. Besides the Garfield Hill property, $UUSA.C also owns Apex, Nevada’s largest past-producing mine accounting for over 50% of total historical production in the state at an average grade of 0.25% U3O8. With high-grade silver, gold, and copper also being reported on the property, there’s potential to diversify outside of uranium.