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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

Bullboard Posts
Comment by investclubon Mar 11, 2014 10:30am
277 Views
Post# 22307450

RE:RE:D2 is 2.9 Kilometers in length

RE:RE:D2 is 2.9 Kilometers in lengthHi kgbinc ... ok I'll give it a shot. To me this is "discovery hole" and its only 1 of many EM conductors within Hook however there has to be more holes drilled along this conductor to see what it holds by percentage and by continuous depth. Some of this Spitfire zone appears to be on land so we are lucky in that respect as to not needing ice to drill on. For sure we can see far better grades out of future holes but along the way getting there we can expect zero results that's just the nature of exploration, example is with Fission many of their holes were zero hits but as you find where the uranium is you drill that direction. Right now PTU will be drilling to find direction and width of course consistent depth is the ultimate. Keep in mind kgbinc this is just the beginning! Don't forget Rio Tinto is wrapping up their exploration drilling and we could see their results in 2 weeks to as long as the end of April.
Bullboard Posts