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*
~106,000 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
Located 5 km south of Austin, in Lander County, Nevada
Access
15 min from Highway 50 + well-developed local roads
Ownership
100%
Size
17.3 km x 10.5 km (3,906 Ha)
Infrastructure
Roads, Water, Electricity, Logistics base
NSR
3% NSR that can be acquired into royalty company to benefit Kraken Shareholders
13 km strike length
of favourable geology for uranium mineralization
Elevated uranium values along with anomalous gold, silver, nickel and copper
Drilling planned to commend in H1 2023
Historic work includes sampling, diamond drilling and underground working
Uranium discovered south of Austin, Nevada; 118 feet of underground workings driven to “cut a corner of the Rundberg orebody”¹
Apex Minerals Corp acquires 20-year lease on the property¹
“intense development campaign of bulldozing on the surface, driving tunnels, raising and drilling have opened six large orebodies of uranium ore”¹
Shipments of ore begin to processing plant in Salt Lake City¹
Size of ore body reportedly triples after drilling; discovery of Diamond zone, including 1.00% U₃O₈ samples at surface¹
U.S. Atomic Energy Commission announces end to uranium mining incentives and slowdown in ore purchases²
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
250-tonne bulk sample from Adit 2 assayed at 0.7% U₃O₈ or better¹
“New discovery” in Adit O assayed at up to 3.19% U₃O₈³
Drill hole ‘H’ averaged 1.33% U₃O₈ over 3 m; similar values found in “each succeeding hole drilled westerly from this ‘H’ hole”¹
Grab samples from “Diamond Pit” hilltop reportedly ran 1.00% U₃O₈; a 6.4 m cut across the pit-face reportedly assayed 0.41% U₃O₈²
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 1937¹
Gold grading 15 g/t reported from 1980s sampling at the Apex mine²
“blebs of bornite and chalcopyrite are associated with the primary uranium minerals”³
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