Assay Results Boost Potential of Garfield Hills Property As explained in the article below, the uranium market is experiencing a resurgence, with potential for profitable opportunities. Global reserves of uranium remain low, leading to potential supply shortages. More here: https://www.resource-capital.ch/en/news/view/the-uranium-market-could-provide-lucrative-profits/
This situation creates a favorable market environment for companies involved in uranium exploration and production. One such company is Kraken Energy Corp. (Ticker UUSA.c or UUSAF for US investors), which is actively focused on advancing its uranium properties located in premier jurisdictions within the United States.
UUSA recently released the results of its inaugural drill program at the Garfield Hills Uranium Property. The assay results not only confirmed the company's geological model but also revealed promising indicators for the project's potential. The drill program covered a distance of 1,697.2 meters across 11 holes, validating previous drilling activities and expanding the mineralization.
Seven holes encountered shallow uranium mineralization, including a 12.5-meter interval with 0.036% U3O8 and a 7.0-meter interval with 0.029% U3O8. Additionally, UUSA reported high-grade surface and soil samples, indicating uranium concentrations of up to 1.007% U3O8 along the east strike and up to 0.320% U3O8 in the western region. These findings suggest a mineralized trend spanning over 4 kilometers.
With these results, UUSA has plans to commence its Phase 2 drilling program at the Garfield Hills Uranium Property later this year.
More info here: https://krakenenergycorp.com/news/2023/kraken-energy-drilling-returns-shallow-uranium-mineralization-in-exploration-holes-at-garfield-hills-uranium-property-nevada/
Posted on behalf of Kraken Energy Corp.