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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

Kraken Energy Corp
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Post by waves1on Jul 08, 2022 2:48pm
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Post# 34811709

UAV survey could uncover significant zones of mineralization

UAV survey could uncover significant zones of mineralizationReally eager to see the results of Kraken Energy's ($UUSA.c) UAV survey - there is significant discovery potential at the mine as it was shut down due to the uranium price crash, not because of a lack of ore.

The UAV magnetic and radiometric survey covers the 3,580-hectare land package including the Apex Mine and multiple surrounding historic uranium showings and will produce high-resolution data critical for identifying the geophysical signature of known uranium mineralization, as well as for discovering new zones.

The survey is critical for refining priority targets head of the first drill program at the property which is planned for later this year. The survey is expected to be completed within three weeks with leveling and interpretation of the data expected to take an additional two weeks.

https://www.bloomberg.com/press-releases/2022-07-05/kraken-energy-commences-uav-magnetic-and-radiometric-survey-at-apex-uranium-mine-and-surrounding-land-package
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