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Purepoint Uranium Group Inc.
Summary
| Project: | Hook Lake | |
|---|---|---|
| Deposit: | Spitfire Zone | |
| Location: | Canada | |
| Commodities: | Uranium | |
| Date: | 4/13/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 13-4-2017: Purepoint Uranium Group Inc. announces an Exploration/Drilling Update report for its Spitfire Zone deposit at the Hook Lake project. JV - Drilling results incl. 11.0m @ 0.47% U3O8 from 208.2m. Purepoint Uranium Group Inc. (the “Company” or “Pur | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Scott Frostad (Internal) | |
| ABSTRACT: | Purepoint Uranium Group Inc. (the “Company” or “Purepoint”) (TSX:PTU.V) today provided an update on their successful expansion drilling at the Spitfire Zone and the encouraging drill results from the Dragon Zone at the Hook Lake JV, a project owned jointly by Cameco Corp. (39.5%), AREVA Resources Canada Inc. (39.5%) and Purepoint Uranium Group Inc. (21%). The Hook Lake JV project resides within the Patterson Uranium District, host to recent high-grade uranium discoveries including Fission Uranium’s Triple R, NexGen’s Arrow and Harpoon and the Hook Lake JV’s Spitfire. “We have now correlated the Spitfire and recent Harpoon results to interpret a deposit that bridges the claim line with our neighbour NexGen,” said Chris Frostad, President and CEO of Purepoint. “In February, after outlining additional mineralization at Spitfire, the JV Partners prioritized exploration efforts on the untested portion of the Patterson Shear Zone. Our exploration to date has just scratched the surface and we have considerable room within the project for more Tier 1 deposits along strike.” “The Patterson Shear Zone is obviously well endowed with uranium and we are determined to demonstrate the shear’s potential to host additional high-grade deposits as we move the drills northwest,” said Scott Frostad, VP Exploration at Purepoint. “We now have a clear understanding of the geology and structural controls of the high-grade mineralization at Spitfire and have confirmed many of these key attributes at the Dragon Zone. | |
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