Kraken Energy’s (CSE: UUSA) Apex Uranium Mine has the potential to be the largest, and highest-grade uranium project in all the US. With the company announcing the commencement of UAV surveying at the project, I am really excited for updates.
UAV surveying allows Kraken to further refine priority targets ahead of its first drill program planned for later this year. The magnetic data is expected to help identify the granite-metasediment contact, aplite dykes, and structural zones that often control uranium mineralization.
The magnetic and radiometric data, which should be completed within three weeks, will be acquired concurrently. Leveling and interpretation of the data are anticipated to take an additional two weeks.
This is definitely one worth keeping an eye on IMO.
$UUSA.c is currently valued at $38.99 million, trading at $.72.