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Purepoint Uranium Group Inc V.PTU

Alternate Symbol(s):  PTUUF

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 Marshallon May 07, 2021 7:24am
160 Views
Post# 33150449

RE:PTU

RE:PTUSomething is definitely brewing here.  Some serious accumulation has been going on for a couple of weeks.  Now they're willing to push the price up to pick up even more.  There is a high probability of striking a uranium rich vein on the Turner Lake propertry given the results from  the neighbouring properties. 

"Our Turnor Lake project hosts a complex geological setting associated with numerous, nearby high-grade uranium discoveries" said Chris Frostad , Purepoint's President and CEO. "The considerable geophysical work and first pass drilling carried out to date by Purepoint has prepared Turnor Lake for immediate drilling."

Highlights

  • The 100%-owned Turnor Lake project consists of 4 claims totaling 9,705 hectares on the eastern side of Canada's Athabasca Basin
  • Four distinct exploration areas have been defined by Purepoint – the Serin Conductor, the Laysan Zone, the Turnor Lake Zone and the Turaco Zone
  • The Serin conductor lies within the La Rocque corridor that hosts Orano Canada Inc.'s Alligator prospect (3.8% U over 10.5m in hole WF-08), Cameco Corp's La Rocque showing (29.9% U over 7.0m ) and, most recently, IsoEnergy Ltd.'s Hurricane Zone which has reported results of 38.8% U over 7.5m (press release December 1, 2020 )
  • The Laysan Zone hosts historic hole OD-1 that returned 0.06% U3O8 over 3.4m
  • The Turnor Lake Zone is a target associated with numerous high-grade showings to the south, including Orano Canada's HLH-50 (2.7% U3O8 over 1.2 m )
  • The Turaco Zone has undergone considerable geophysical surveying carried out by Purepoint and first pass drilling
  • A video tour of the Turnor Lake project can be viewed at https://youtu.be/mEI7oirmesc
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