Kraken Energy Corp. announced that it has staked mining claims encompassing the Huber Hills Uranium Project (‘Huber Hills' or ‘the Project') in Elko County, Nevada. The Huber Hill property comprises 129 unpatented lode mineral claims covering approximately 1,044 hectares (2,580 acres) and is located near Mountain City, north of California Creek in Elko County, Nevada.

The mineral claims encompass the historic Race Track uranium mine, and the Autunite and October uranium showings, plus numerous molybdenum prospects. The Race Track Mine was the largest producer of uranium during the 1950s and 1960s in Elko County, producing nearly 10,000 pounds of U3O8 from ore grading 0.24%. A recent sampling program completed within the historic Race Track Mine open pit by the project's previous operator, Samba Gold Inc. in 2007, consisted of two adjacent 4.5 metre (14.9 feet) channel samples from an exposed bentonitic tuff found in the best developed part of the historic pit, returned results of 0.149% and 0.102% U3O8.

Accessibility: The Huber Hills Project is located roughly 2.0 kilometres (1.2 miles) east of Mountain City, Nevada and is accessible year-round from Elko, Nevada via all-weather highway 225. The Project is believed to cover the western portion of the Mountain West Property, formerly owned by Bayswater Uranium (Kilgore Minerals Co.), which is located 8 kilometres (5 miles) east of the small village of Mountain City. This property was explored between 1967 and 1983 by Pathfinder Mines (owned by Cogema) and its predecessor Utah Construction and Mining Co.

and, according to Baywater press releases, 359 holes were drilled to depths of up to 82 metres (270 feet) and an historic resource of approximately 1.1 million pounds U3O8 with an average grade of 0.153% U3O8 was defined. Geological Information: There are two general types of uranium deposits on the claim groups: one type occurs along vertical fractures and/or shear zones in quartz monzontie (Autunite and October Prospects), while the other type of deposit is related to the contact zone between the underlying Cretaceous quartz monzonite and the overlying Tertiary volcanic sediments. At the Race Track Mine, an apparent basal tuffaceous layer has also been described as a shear zone separating the quartz monzonite from the granite.

The Autunite and October prospects are developed in a near vertical shear zone in the quartz monzonite.