Toronto, Ontario--(Newsfile Corp. - November 23, 2021) - Purepoint Uranium Group Inc. (TSXV: PTU) (OTCQB: PTUUF) ("Purepoint" or the "Company") today released its exploration schedule for the coming year, focusing on its large portfolio of 100% owned uranium projects strategically located across Canada's Athabasca Basin; host to the world's highest grade uranium resources.
"We intend to take full advantage of the renewed financial support afforded to us by the ongoing recovery of uranium prices," said Chris Frostad, Purepoint's President and CEO. "We are now in a position to follow up on the significant discoveries already established across our portfolio of 100% owned projects."
Highlights:
- In 2022, the Hook Lake JV is turning its attention to the Carter Corridor;
- 25km band of graphitic conductors running parallel to the Patterson trend, where initial drilling has shown significant opportunity for discovery,
- Airborne geophysical work to help focus further ground surveys and prioritize drill targets is under consideration by the JV partners.
- Winter drilling will focus on the Company's 100% owned Red Willow project;
- Red Willow drilling will include the expansion of the Osprey discovery (RW-40 with 0.47% U3O8 over 1.5m) and the Geneva discovery (RDW14-08 with 0.68% U3O8 over 0.3m).
- Summer/Fall drilling will cover the 100% owned Turnor Lake project;
- Turnor drilling will include the Serin Zone that lies along the La Rocque conductive corridor, host to IsoEnergy's Hurricane Deposit.
- In addition to this year's drilling, geophysical programs have been planned for the Tabbernor Block and Russell South projects.
- Details on each specific exploration program will be released prior to their commencement.
- Drilling is currently underway at Henday Lake through December.
- The Q4 video update is available at: https://purepoint.ca/news/exploration-2022-lighting-up-the-basin.
- A live webinar hosted by Red Cloud is scheduled for November 24, 2021 at 2 pm ET. To register to the webinar, visit https://www.redcloudfs.com/rcwebinar-ptu-2/.
"Based on intense hydrothermal alteration of Carter Corridor basement rocks within our initial 2008 drill holes, in addition to elevated radioactivity and proximity to the Clearwater intrusive heat source, Purepoint considers the Carter area one of the most prospective opportunities for a Tier 1 discovery in the Athabasca Basin today," said Scott Frostad, Vice President Exploration at Purepoint. "We are prepared for a very busy year and look forward to drill testing our highest priority targets and revisiting areas to explore for basement hosted mineralization."
https://www.newsfilecorp.com/release/104806
