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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
Post by investclubon Feb 06, 2017 5:29pm
269 Views
Post# 25806967

Athabasca Basin Exploration Update

Athabasca Basin Exploration UpdateFor those that don't receive .... Highlights: The Upper Spitfire zone has been extended 40 metres to the northeast of the HK16-53 high-grade intercept by drill hole HK16- 55, and 75 metres to the southwest by drill hole HK17-60 for a total confirmed strike length of 115 metres. HK16-55 has returned assay results of 2.92 per cent U3O8 over 9.5 metres and includes 13.3 per cent U3O8 over 1.5 metres. HK16-60 intersected 12.7 metres of uranium mineralization and contains a 1.9-metre high-grade interval. Seven holes representing 2,526 metres have been completed so far during this program. Assays are pending on the additional six holes completed and reviewed in January. The 2016/2017 winter program is scheduled to complete 30 holes or approximately 12,000 metres of drilling.
Bullboard Posts