Multiple additional priority drill targets identified @ Apex As uranium prices recently hit a 12-year high, the uranium bull market is just getting started with the industry is in a nuclear upswing amid dwindling supply and increasing global demand for cleaner energy sources.
Within this landscape, Kraken Energy (UUSA.c UUSAF) has emerged as a high potential opportunity with four high-grade uranium projects in the tier 1 mining jurisdictions of Nevada and Utah as discussed by UUSA CEO Matthew Schwab during Kinvestor's latest Conference: https://www.youtube.com/watch?v=KskEUan_Mrc&ab_channel=Kinvestor
Today, UUSA announced the successful identification of multiple additional priority drill targets at its Apex Uranium Property in Nevada!
Located on BLM ground along trend of the historic Apex Mine, the targets were identified through UUSA's ongoing radon survey which showed a geophysical signature associated with uranium mineralization that appears to be offset to the north where it continues trending northwest; coinciding with strong and consistent, recently identified radon anomalies.
UUSA CEO Matthew Schwab commented:
"Our team's application of modern, detailed geophysical surveys and radon surveying at the Apex Property has identified an exceptional multi-layered and high priority drill target area located northwest and along trend from the historic Apex Uranium Mine. It's clear that past operators missed this potential 2.0 km long mineralized extension from the Apex Mine, which has been offset to the north as indicated by the geophysical data. The combination of geophysics and radon data is a powerful targeting tool as radon gas is a direct product from the radioactive decay of uranium.
"The fact that this new high-priority drill target area is within BLM land is also very positive as the permitting timeline with the BLM should have us drilling before the end of 2023."
Posted on behalf of Kraken Energy Corp