Purepoint Uranium Group Inc PTUUF

Purepoint Uranium Discovers New Lightning Zone

[Betteryear2]

Toronto, Ontario--(Newsfile Corp. - April 4, 2024) - Purepoint Uranium Group Inc. (TSXV: PTU) (OTCQB: PTUUF) ("Purepoint" or the "Company") announced today the completion of its winter drill program at the Hook Lake Joint Venture at the Carter Corridor. The Hook Lake Project is a joint venture between Cameco Corporation (39.5%), Orano Canada Inc. (39.5%), and Purepoint (21%) and lies on trend with high-grade uranium discoveries including Fission Uranium's Triple R Deposit and NexGen's Arrow Deposit.

"This year's drill program ended with a discovery of 0.9 metres of 0.29% U3O8, including 0.3 metres of 0.68% U3O8, associated with a major structure intersected by hole CRT24-10," said Scott Frostad, Vice President Exploration at Purepoint. "Encouragingly, the basement hosted uranium mineralization is within an altered breccia matrix that borders a 10 metre wide graphitic shear. All the 2024 holes intersected anomalous radioactivity and the results continue to show the extensive 20-kilometre conductive structural zone known as the Carter Corridor remains highly prospective for an economic uranium discovery."

Purepoint Uranium Discovers New Lightning Zone Grading 0.29% U3O8 over 0.9 Metres as It Completes 2024 Winter Drill Program at Hook Lake Joint Venture (newsfilecorp.com)

[MasterTiger]

All the 2024 drill holes in the area encountered elevated radioactivity.

[stockshack]

I'm not up on uranium mining. Was that a good news release?

[MasterTiger]

  @tinfortheeasywin oof, a little smoke in the holes, but not much. Took .05 and will reassess this with some funny money at a later date! good luck to all, threw my ptu money into some more Newgold, started buying that in the 1.50's , so averaging up here, but won't matter if gold holds! Good luck on the next round of drilling guys! souce: CEO.ca @tinfortheeasywin oof, a

[stockshack]

     I guess I'm not alone.

[strongjay]

these are not core results  there commenting on high gamma readings from cores that are beind sent to regina for results

[MasterTiger]

Does anyone know when the are expected to be release? Or someone in the Lab selling ahead of the results?

[stockshack]

  So it was neither good or bad just information. The results from Regina will reveal the level of importance.

[MasterTiger]

  @darkrun looks a bit rose-colored to me -- https://twitter.com/quakes99/status/1776283116036047359 source: CEO.ca @darkrun looks a bit rose-colored to me -- https://twitter.com/quakes99/status/1776283116036047359