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Purepoint Uranium Group Inc V.PTU

Alternate Symbol(s): PTUUF

Energy

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

Purepoint Uranium Group Inc

Bullboard Posts

Post by moon56on Mar 01, 2016 2:45pm

257 Views

Post# 24609972

Dundee: What Cameco is Thinking of PTU!

Dundee Weekly Uranium Sector Report for March 1st..

Dundee: Best results to date at Spitfire. These results make it clear why Cameco has recently purchased ALX Uranium claims along strike nearby. Let renewed Fission Uranium/NexGen Energy take-over speculation begin by investors. We'd warn that multi-hundred million dollar acquisitions might be challenging for Cameco pre-CRA trial.

Dundee thinks that Cameco purchased ALX Uranium Hook Lake propety last week, because Cameco believes that there will be more strikes from PTU's Spitfire to ALX along the Patterson Lake Corrider. Guys, the distance from Spitefire to ALX's boder is at least 7 km. Cameco will be after PTU quite soon, I think.

Check out this map from ALX.
https://www.alxuranium.com/assets/img/maps/Hook-Carter-Lake-Map-2016-02-22-promo.jpg

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