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Purepoint Uranium Group Inc V.PTU

Alternate Symbol(s):  PTUUD

Purepoint Uranium Group Inc. is a resource company engaged in the acquisition, exploration and development of properties for the purpose of producing uranium. Its flagship project is the Hook Lake joint venture with Cameco and Orano, and the Smart Lake joint venture solely with Cameco. Together with its flagship projects, the Company operates nine advanced projects within the Athabasca Basin in Canada. 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 Company also holds the VHMS project, which is optioned to and strategically positioned adjacent to and on trend with Foran Corporation's Mcllvena Bay Project. The Hook Lake Project is located approximately 75 km south-southwest of Orano Canada Inc. The Smart Lake property includes two claims with a total area of 9,860 hectares situated in the southwestern portion of the Athabasca Basin.


TSXV:PTU - Post by User

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Post by DNASLIOon Apr 04, 2013 8:42am
324 Views
Post# 21209183

NEWS APRIL 4

NEWS APRIL 4

 

Purepoint Completes Winter Exploration Program on Patterson Lake Corridor

TORONTO, ONTARIO--(Marketwired - April 4, 2013) - Purepoint Uranium Group Inc. (TSX VENTURE:PTU) has today announced that it has recently completed the winter exploration program at the Hook Lake Joint Venture Project in Saskatchewan's Athabasca Basin. The program focused on the Patterson Lake corridor which is the same conductive trend along which the Fission/Alpha joint venture has intersected high-grade uranium mineralization.

"This project, and the three distinct graphitic trends which run through it, has been of interest to Purepoint and its Joint Venture partners Cameco Corporation and AREVA Resources Canada Inc. for some time now," said Chris Frostad, President & CEO, Purepoint Uranium Group Inc. "Recent discoveries along the Patterson corridor have made it a priority target."

Results of the winter program and next steps will be released pending the return of assays and the review and approval of the Joint Venture partners.

 

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