UUSA.c is rapidly advancing the Garfield Hills Project. Kraken Energy (CSE: UUSA) is moving fast at its newly acquired Garfield Hills Uranium Property. After increasing its land package to 3,080 acres on September 20, UUSA announced on October 11 that it has received permits for a 5,000 m drill campaign at the project.
The 25-hole drill program will test the extent of uranium mineralization that includes historic drill intercepts from the late 1960s. Phase I of the program will include up to 2,000 m of drilling and is expected to commence this month.
Mathew Schwab, CEO of Kraken Energy, commented: "With an approved drilling permit now in hand, we are ready to commence the Phase I drilling program at our newly acquired Garfield Hills property. Through multiple reconnaissance field visits this summer, our team has identified several highly compelling exploration targets on which we plan to complete up to 5,000 m of HQ drilling."
UUSA.c is currently trading at $.5, valued at $27.1 million.
https://ceo.ca/@newsfile/kraken-energy-receives-drill-permit-for-garfield-hills