With the transition towards sustainable power generation, uranium plays a vital role in nuclear energy production. Kraken Energy Corp. (CSE: UUSA; OTCQB: UUSAF) is a promising player in the uranium sector, which has experienced a resurgence due to the increasing global demand for clean and reliable energy sources.
Earlier this week, UUSA announced the acquisition of permits to initiate drilling activities at the Harts Point Uranium Property in southeast Utah. These permits allow for up to 20 drill pads to assess the extent of uranium mineralization throughout the property. The company has enlisted the expertise of Major Drilling Group International Inc. for the upcoming drill program, scheduled to commence in early July.
The initial phase of drilling will focus on twinning three historical holes that exhibited significant radioactivity over a 5-kilometer stretch.
Situated in a prolific uranium district, the Harts Point Property holds tremendous exploration potential for discovering high-grade uranium deposits. With ample funding and a well-defined exploration budget, UUSA is well-positioned to uncover untapped opportunities at Harts Point.
Key highlights of the property include its location in a world-class uranium jurisdiction, encompassing 324 lode mining claims. The property shares similarities with the Lisbon Valley Anticline, which historically hosted 17 large uranium mines.
Additionally, the Harts Point Property has a history of uranium production and shows promising signs of radioactivity within the favorable Chinle Formation host rock. This is evidenced by three historic oil and gas wells on the site and its proximity to the only operating uranium mill in the USA.
For more information on the Harts Point Property and UUSA, please visit
https://krakenenergycorp.com/news/2023/kraken-energy-receives-drilling-permit-for-20-drill-pad-locations-for-phase-i-drill-program-at-harts-point/ Posted on behalf of Kraken Energy Corp.