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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 norontrules1234on May 14, 2018 7:09am
168 Views
Post# 28025208

PTU news

PTU news
News out.  Highlights:

1. 85m extension of the Spitfire discovery.  Almost 15 meters of 1.04% U3o8, including 1.3 meters of 8.7% U3o8.

2. Discovery of a new mineralized Shear zone between Dragon and Spitfire.

3. Highest radioactivity and mineralization with the two best holes to date outside of the Spitfire discovery.

4. Geological setting identical to the Spitfire discovery.

Next Steps:

1. Electromagnetic surveying will be complete to identify the potential shear that connects the two areas.

2. First-pass drilling of the Dragon shear towards the NE, the Sabre zone, the "U" conductor and areas of identified hydrothermal alteration with the Derkson Corridor.


Very encouraging step out (85m) expansion of Spitfire and exceptional data on the shear that connects Dragon and Spitfire.  Personally I have never been more confident that another major discovery will be made on PTU's land.  I suspect we will see a summer drill program announced in the coming weeks.  
Bullboard Posts