Bull RunMore gains today as uranium stocks continue their bull run.
From a recent news release. “Our Spring drill season tested three independent targets across our Red Willow and Umfreville projects and we’re pleased to report that uranium intercepts returned from both these projects necessitate follow-up drilling.” said Scott Frostad, VP Exploration at Purepoint.
“The most surprising results came from Purepoint’s inaugural drilling of a gravity low response at Umfreville where 0.04% U3O8 was returned over 0.8 metres from granitic gneiss and pelitic gneiss basement rocks.” said Frostad. “The precipitation of secondary uranium in the basement rocks appears to explain the source of the uranium-in-soil anomalies and suggests a significant mineralization event in the vicinity. Our next obvious drill targets at Umfreville are towards the east where strong north-south trending structures, interpreted from the airborne magnetics, crosscut our gravity low response”.