UUSA.c Shares Apex Project Geophysical Survey Results
If you are looking to capitalize on increased Western uranium production, Kraken Energy Corp. (Ticker: UUSA or UUSAF for US investors), a uranium exploration company with 3 US-based projects, is worth looking into.
UUSA had big news on Wednesday, sharing the interpretation of the flown geophysical survey on its 100%-owned Apex Property in Central Nevada.
Notably, the property's Apex Uranium Mine was Nevada’s largest past-producing uranium mine which produced ~106,000 pounds of UO in the 1950s at an average grade of ~0.25% UO. Historic drilling results include findings of up to 34.1 m at 0.37% UO and 15.2 m at 0.51% UO.
UUSA's survey identified numerous conductive anomalies associated with known uranium mineralization on the property, including along trend. Numerous highly prospective and untested conductive anomalies and magnetic highs exist across the entire 14.5 km mineralized strike length within the Apex Property.
New priority targets have been outlined, and the strongest conductive anomalies on the Property are untested blind targets located in between the historic Apex and Lowboy Mines.
Kraken Energy is confident with its drill targets on the Apex Property and is excited to test these new targets as it continues to advance the drill permitting process with the US Forest Service.