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Purepoint Uranium Group Inc PTUUF


Primary Symbol: V.PTU

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

Comment by 99942Apophison Mar 28, 2021 10:49am
218 Views
Post# 32894663

RE:Northern Saskatchewan Weather

RE:Northern Saskatchewan Weatherwinr88 wrote
Spring came early this year. Drilling completed early due to warm weather and wet soggy conditions as the ground is mostly muskeg. The drill site can complete a hole but moving is difficult as large machinery cannot move under melting conditions. Drilling now will likely not recommence till NEXT JANUARY at Hook Lake. If there was any good results from drilling we likely would have heard by now. In prior years they would rush the results to the lab if they looked good. The latest financing is (IMO) for exploration on other properties such as Smart Lake, (Cameco Partner) Red Willow, Henday Henday, Turnor Lake or Umfreville (sole ownership).

Hi winr88, I like your opinion and thoughts of possible exploration into other properties. A few years ago during a call to Chris he mentioned at that time he would like to drill a few target holes at Umfreville as the structure pointed favorably to finding yellow cake and if he still has those thoughts today then this could be top of that list. After that all of the other properties have a high chance of success,  keeping in mind currently Hook remains by far their number 1 priority. 

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