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Bullboard - Stock Discussion Forum 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... see more

TSXV:PTU - Post Discussion

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Post by Marshall on Sep 03, 2021 9:34am

Bull Run

More 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”.

Comment by Marshall on Sep 08, 2021 8:58pm
A bit of a pullback with uranium stocks,  Looks like a buying opportunity knocking.  
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