- Kraken Energy Corp. (CSE:UUSA) has staked mining claims in the Huber Hills Uranium Project in Nevada
- The claims include the historic Race Track open pit mine
- The claims also cover a range of historic uranium showings and molybdenum prospects, such as the Autunite and October uranium showings
- Shares of Kraken Energy are down 1.11 per cent to C$0.045 as of 2:22 p.m. EST on Wednesday
Kraken Energy Corp. (CSE:UUSA) has staked mining claims in the Huber Hills Uranium projected located in Nevada.
The Huber Hills Uranium project includes 129 unpatented lode claims spanning 1,044 hectares and is located near Mountain City in Eklo County, Nevada.
Claims include the historic Race Track open pit mine, which was once Elko County’s largest uranium producer.
Additionally, the claims will cover multiple historic uranium showings and molybdenum prospects, such as the Autunite and October uranium showings.
“Huber Hills is a highly prospective land package that fits well with our strategy to acquire and explore high-grade, past-producing US-based uranium projects with the potential to feed a central milling facility as part of a hub and spoke model,” CEO Matthew Schwab said in a press release. “We plan to approach this project with rapid and cost-efficient exploration activities, such as drone magnetics and radiometrics, geological mapping, and prospecting to confirm existing targets and outline new anomalies, followed by a drilling program targeted for H2 2023.”
Kraken Energy is a new energy company currently advancing its 100 per cent owned Apex Uranium property located 280km east of Reno, Nevada. The Apex Property is one of Nevada’s largest past-producing uranium mines.
Shares of Kraken Energy are down 1.11 per cent to C$0.045 as of 2:22 p.m. EST on Wednesday.