Vancouver, British Columbia – June 6, 2022 – Kraken Energy Corp. (CSE: UUSA; OTCQB: UUSAF) (the “Company” or “Kraken“) is pleased to announce that it has engaged MWH Geo-Surveys to conduct a drone Unmanned Aerial Vehicle (“UAV”) magnetic and radiometric survey at its past-producing Apex Uranium Mine and newly acquired surrounding land package in Lander County, Nevada.
The UAV survey, which is expected to commence in June, is a leading-edge drone technology that produces high-resolution data critical for identifying the geophysical signature of known uranium mineralization and for discovering new zones of uranium mineralization. It will cover the Apex Mine area, as well as the newly acquired land package surrounding the mine, which includes multiple historic uranium showings.
“This will be the first time an airborne magnetic or radiometric survey has ever been conducted at the property,” stated Kraken Chairman, Garrett Ainsworth. “The magnetic and radiometric data we collect from this survey will provide us with vital information to aid ground crews in refining and prioritizing potential targets ahead of a drill program planned for later this year.”
The magnetic data, which uses either a Geometrics MagArrow laser pumped Cesium vapor magnetometer or GEM Systems 35U lightweight optically pumped Potassium magnetometer—both well suited for the terrain of the Apex Property—is expected to help define the contact between granite and meta-sediments that appears to control mineralization, which could represent up to 13 kilometres (8.2 miles) of target zone.
Radiometric data, collected using a gamma-ray spectrometer, which simultaneously measures the dose rate, total intensity of gamma radiation, and intensity of the energy windows corresponding to potassium, uranium, thorium, and a wide range of man-made radionuclides, is expected to define potential near-surface uranium anomalies.
The Company also announces that it has engaged King World News to provide investor relations and marketing services for a 12-month term.
All scientific and technical information in this news release has been prepared by, or approved by Garrett Ainsworth, PGeo, Lead Technical Advisor for the Company. Mr. Ainsworth is a Qualified Person for the purposes of National Instrument 43-101 – Standards of Disclosure for Mineral Projects.
About Kraken Energy Corp.
Kraken Energy is a new energy company advancing its 100%-owned Apex project, Nevada, recognized as Nevada’s largest past-producing uranium mine.
On Behalf of the Board of Kraken Energy Corp.
CEO & Director
Corporate Office: #717 – 1030 West Georgia Street, Vancouver, BC, Canada V6E 2Y3
For investor relations inquiries, contact:
Kristina Pillon, High Tide Consulting Corp.
T: 604.908.1695 / E: firstname.lastname@example.org