- Kraken Energy (UUSA) has submitted permits to the U.S. Forest Service for an initial drilling program at its Apex project in Nevada
- The permitting covers an initial drill program in the area of the historic Apex Mine, targeting previously worked mineralization
- Drilling is aimed at testing metasediments near the contact with an aplite dyke
- Kraken Energy is a new energy company advancing its 100 per cent-owned Apex project in Nevada
- Kraken Energy Corp. (UUSA) is up 3.75 per cent on the day, trading at C$0.83 per share at 1:00 pm ET
Kraken Energy (UUSA) has submitted permits to the U.S. Forest Service for an initial drilling program at its Apex project in Nevada.
“Permitting is an important next step as we advance towards an initial drill program at the Apex Property,” stated Chairman Garrett Ainsworth. “We see great potential to discover and delineate uranium mineralization within the 3,906-hectare land package, including the historic Apex Mine area.”
The permitting covers an initial drill program in the area of the historic Apex Mine, targeting mineralization previously worked by underground development at the mine.
Drilling is aimed at testing metasediments near the contact with an aplite dyke. Kraken’s recently-completed geologic model identified this geologic feature as one of the primary controls on mineralization historically produced at Apex.
Kraken Energy is a new energy company advancing its 100 per cent-owned Apex project in Nevada, recognized as Nevada’s largest past-producing uranium mine.
Kraken Energy Corp. (UUSA) is up 3.75 per cent on the day, trading at C$0.83 per share at 1:00 pm ET.