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Kraken Energy Corp C.UUSA

Alternate Symbol(s):  UUSAF

Kraken Energy Corp. is a Canada-based energy company advancing its portfolio of high-grade uranium properties in the United States. The Company is advancing its 100%-owned Apex Uranium Property, located 280 kilometers (km) east from Reno, Nevada, which is recognized as Nevada's past-producing uranium mine. The Company has additionally entered into an option agreement to earn 100% of the Garfield Hills Uranium Property. The past-producing Garfield Hills Uranium Property covers 1,238 hectares (ha) and is located 19 km east of Hawthorne in Mineral County, Nevada. It has also recently staked the Huber Hills Uranium Property, located 136 km north of Elko, Nevada, which covers 1,044 ha and encompasses the historic Racetrack open pit mine. The Company has also entered into an option agreement to earn 75% of the Harts Point Uranium Property. The Harts Point Uranium Property covers 2,622 ha and is located 49 km northwest of Monticello in San Juan County, Utah.


CSE:UUSA - Post by User

Post by partystockeron Jun 28, 2022 1:40pm
82 Views
Post# 34788068

$UUSA.c submits drilling permits for Apex Project.

$UUSA.c submits drilling permits for Apex Project.

Permits have officially been submitted for Kraken Energy’s (CSE: UUSA) initial drill program at the Apex Uranium Project in Nevada. 


The permitting covers an initial drill program in the area of the historic Apex Mine, targeting mineralization previously worked by underground development at the mine. Drilling is aimed at testing metasediments near the contact with an aplite dyke. Kraken's recently-completed geologic model identified this geologic feature as one of the primary controls on mineralization historically produced at Apex.


The Apex Mine has the potential to be one of the largest and highest-grade uranium deposits in the entire US. For this reason, I’m really excited for $UUSA.c to clear these permits and get further exploration underway.


$UUSA.c is currently trading at $.9, seeing a 15% jump in the past three days. 


https://ceo.ca/@newsfile/kraken-energy-submits-permits-to-commence-initial-drill

 
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