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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 Feb 21, 2018 12:33pm
107 Views
Post# 27594885

RE:PTU NEWS!!

RE:PTU NEWS!!
Hi norontrules1234 ... 2 weeks ago when I said don't be surprised if we see PTU doing some toe dipping of something other then their main focus this news is significant... 
"Much of our new ground lies on the southwestern edge of the Athabasca basin, proximal to our Smart Lake project. Our initial drilling at Smart Lake identified a radioactive shear that was associated with intense alteration," said Scott Frostad, vice-president, exploration. "We have now reinterpreted the Smart Lake drill results in light of our knowledge gained from the neighbouring Patterson uranium district. Based on the similarity in structural and lithologic settings, we see the southwestern Athabasca basin region to be highly prospective and look forward to exploring our new ground."
Drilling was done in 2012 at Smart Lake and while working at Spitfire & Dragon perhaps the graphitic shear at Dragon was enough for Scott to have those bells go off, question is will we see work at Smart next year along with Hook.
Bullboard Posts