Apex Uranium Mine
Nevada’s largest past-producing uranium mine
50%
of the historic uranium output for the state of Nevada*
Historic Grade
~0.25% U₃O₈
average historic production grade*
~106,00 lbs
of U₃O₈ sold in 1950s; no development since*
*Plut, 1979 “Geology of the Apex Uranium Mine Near Austin Nevada” (pg 1)
About the Apex Uranium Mine
Location
275km from Reno on HWY 50
Access
15 min from Highway 50 + well-developed local roads
Ownership
100%
Size
Infrastructure
Roads, Water, Electricity, Logistics base
NSR
3% NSR that can be acquired into royalty company to benefit Kraken Shareholders
Historic work includes sampling, diamond drilling and underground working
Significant development: near road, water, electricity, logistics base
~800 m (2,625 ft) of underground adits, drifts, raises and stopes¹
Four major adits accessing mineralization on three levels¹
15 minutes’ drive off Highway 50 on well-developed local roads
Historic Recognition
It’s not just a uranium mine, it’s THE uranium mine in continental United States. Orebodies in this Austin (Apex) property show width, massiveness and consistency… that I have not seen in any other continental U.S. uranium mine.
Nevada Bureau of Mines
Source: Nevada Bureau of Mines File 38900042,
Report on Mines of Apex Minerals Corporation 1956, by Harry H. Hughes, Mining Geologist.
Drill data acquired and digitized; shows significant mineralized intercepts
¹ Nevada Bureau Mines File 60000269, Report on Mines of Apex Minerals Corporation 1957, by Harry H. Hughes, Mining Geologist. (pgs. 17 to 20) Link >
² Nevada Bureau Mines File 60000269, Report on Mines of Apex Minerals Corporation 1957, by Harry H. Hughes, Mining Geologist. (pg. 4) Link >
³ Nevada Bureau Mines File 38900096, Transverse Section Through Drilled Orebody, Apex Minerals Corp 1959, by Harry Hughes, Mining Geologist. Link >
⁴ Nevada Bureau Mines File 38900084, Plan map of underground workings, sampling and drill holes at the Apex mine 1959, by Harry Hughes, Mining Geologist. Link>
Multiple samples reported with grades over 0.5% U₃O₈ and up to 3.19% U₃O₈
¹ Nevada Bureau Mines File 60000269, Report on Mines of Apex Minerals Corporation 1957, by Harry H. Hughes, Mining Geologist. (pg. 4 to 6) Link >
² Nevada Bureau Mines File 38900097, Generalized Longitudinal Section through the Apex mine and Diamond pit 1957, by Arthur Lakes. Link >
³ Nevada Bureau Mines File 60000269, Report on Mines of Apex Minerals Corporation 1957, by Harry H. Hughes, Mining Geologist. (pg. 8) Link >
Silver, gold and copper all reported to occur within the Apex Mine area
Silver grading 7,300 g/t produced at the Apex mine in 1937 ¹
Gold grading 15 g/t reported from 1980s sampling at the Apex mine 2
“blebs of bornite and chalcopyrite are associated with the primary uranium minerals” 3
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