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Purepoint Uranium Group Inc V.PTU

Alternate Symbol(s):  PTUUF

Purepoint Uranium Group Inc. is a uranium exploration company focused on precision exploration of its projects in the Athabasca Basin. The Company’s flagship project is the Hook Lake, a joint venture with Cameco Corporation and Orano Canada Inc. Together with its flagship project, the Company operates nine projects across 222,423 hectares (ha) of claims throughout the Athabasca Basin. Its projects include Hook Lake Project, Smart Lake Project, Red Willow Project, Turnor Lake Project, Henday Project, Carson Lake Project, Russell South Project, Tabbernor Block, and Tower Project. The Hook Lake Project resides along-strike and adjacent to two high-grade uranium deposits and consists of about nine claims totaling approximately 28,683 ha, including the Spitfire high-grade discovery. The Smart Lake property includes two claims with a total area of about 9,860 ha situated in the southwestern portion of the Athabasca Basin, approximately 60 kilometers south of the former Cluff Lake mine.


TSXV:PTU - Post by User

Comment by RossMorleyon Nov 25, 2021 12:12pm
253 Views
Post# 34165450

RE:Winter Drill Program

RE:Winter Drill ProgramI've been a fan, and a significant owner, of PTU shares since 2006, and profited from selling at the right time. Thanks, PTU. Having said that, the current hooplah about uranium prices is meaningless unless PTU actually discovers some exploitable deposit(s). IMHO the joint venture arrangements have fallen apart because there have been no significant discoveries and PTU masnagement has fallen back onto its 100%-owned claims which, if they had something promising, would have been explored rigourously some years ago. The marketing campaign on social media is commendable, but everything hinges on commercial-level discocvery, which seems less likely every day. Sorry to say I sure wish it were different for all involved, but IMHO, it ain't. 
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