CSE:UUSA - Post Discussion
Post by
MarketMakerss on Nov 15, 2023 5:51pm
UUSA Commences Drilling at Apex!
Poised for significant growth as the nuclear energy market develops, Kraken Energy (UUSA.c UUSAF) has commenced the inaugural drill program at its 100% owned, past-producing flagship Apex Uranium Property!
Apex was Nevada's largest past-producing uranium mine with a 17.5km mineralized trend which produced over 100,000 pounds of U3O8 in the 1950s at an average mining grade of ~0.25% U3O8. Historic drilling results include results of up to 3.1 m (10 ft) at 1.33% U3O8, 34.1 m (112 ft) at 0.37% U3O8 and 15.2 m (50 ft) at 0.51% U3O8
The 2,200m drilling program is targeting a mineralized area over 2km in strike length and will consist of 24 holes from 8 pads to test the high-priority targets immediately northwest and along trend of the historic mine, coinciding with geophysical signatures outlining the mineralized contact.
UUSA CEO Matthew Schwab commented:
"With radon anomalies now over 5 times larger than the footprint of the Apex Mine, our team is confident in the priority targets outlined for this maiden drilling program on the property."
This news follows UUSA's significant expansion of the Apex Property on Nevada Bureau of Land Management ground that covers the potential northwest extension of uranium mineralization from the mine, as well as the identification of multiple high-priority drill targets comprising coincident geophysical and radon anomalies along a 2.0km trend northwest of the Apex Mine and within the newly expanded BLM ground
Posted on behalf of Kraken Energy Corp
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