Kraken Energy Corp.

Kraken Energy Corp. is pleased to announce the down hole probe results from the initial drill holes of the 2022 drilling program confirmed wide zones of elevated radioactivity at the at the Garfield Hills Uranium Property in west-central Nevada. Lab assays are expected within the coming weeks. Downhole Gamma Probe Results: Drillhole GH22-02 intersected 12.0 meters of continuous elevated radioactivity with downhole probe [...]

Kraken Energy Corp. is pleased to report that a high-resolution Unmanned Aerial Vehicle supported magnetic and radiometric survey conducted at the past-producing Garfield Hills Uranium Property and surrounding land package in west-central Nevada, USA, has successfully identified multiple additional priority drilling targets. The UAV surveys use leading-edge technology to produce high-resolution data critical for [...]

Results Show Strong Uranium, Gold, Silver, Nickel & Copper Anomalies, and Validate UAV Radiometric Survey as Targeting Tool to Identify and Explore Additional Target Areas Kraken Energy Corp. is pleased to report on soil sampling results from the Apex Uranium Property located in Lander County, Central Nevada, USA. Program Result Highlights: 91 samples returning results of 50 parts per million uranium or greater 26 samples [...]

Kraken Energy Corp. is pleased to announce that it has staked mining claims encompassing the Huber Hills Uranium Project in Elko County, Nevada. Huber Hills Uranium Project Highlights: 129 unpatented lode claims covering 1,044 hectares Claims encompass the historic Race Track open pit mine, once Elko County's largest uranium producer, which produced ~10,000 pounds of U3O8 grading 0.24% U3O8 Channel samples from Race Track [...]

Second Drill Rig Added to Expand & Accelerate Program Kraken Energy Corp. is pleased to report that it has added a second drill rig at Garfield Hills Uranium Property in Nevada and will be expanding its inaugural drill program after receiving positive initial drilling results. Current Drilling Highlights: Five drillholes have intersected elevated radioactivity: Drillhole GH22-01 intersected 22.0 metres of elevated [...]

Kraken Energy Corp. is pleased to announce it has commenced a 669 line-kilometre VTEM™ and magnetic airborne geophysical survey on its 100%-owned past-producing Apex Uranium Mine and surrounding property in Nevada. The survey is being flown by Geotech Ltd. and will collect both time-domain electromagnetic and magnetic data on 100 metre spaced lines with a northeast-southwest flight orientation. The survey will [...]

Kraken Energy Corp. is pleased to report that it has commenced an inaugural drill program at its Garfield Hills Uranium Property in Nevada. A Phase I diamond drilling program designed to test the extent of uranium mineralization is now underway at the 1,238-hectare Garfield Hills Property. This program is planned for 2,000 metres of NQ diameter core drilling across 25-holes where recent surface samples of 0.32% U308 and [...]

Kraken Energy Corp. is pleased to report that a high resolution Unmanned Aerial Vehicle supported magnetic and radiometric survey conducted this summer at the past-producing Apex Uranium Mine and surrounding land package in Nevada, has successfully identified multiple additional priority drilling targets. The UAV survey, which uses leading-edge drone technology to produce high-resolution data critical for identifying the [...]

Kraken Energy Corp. is pleased to announce the appointment of Madeline Berry as Senior Geologist to execute exploration programs at the Company's former-producing Garfield Hills and Apex uranium mines in Nevada. Ms. Berry is an experienced geologist having worked with several mineral exploration companies, including NexGen Energy, Northern Star Resources and White Gold Corp., where she was involved in a spectrum of [...]

Kraken Energy Corp. is pleased to report that it has received permits to drill the Garfield Hills Uranium Property in Nevada. A drilling permit has been obtained from the Nevada Bureau of Land Management for an up to 5,000 metre , 25-hole diamond drill program to test the extent of uranium mineralization that includes historic drill intercepts from the late-1960s of 14 m at 0.26% U308 and 14 m at 0.18% U3081. Phase I of [...]