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Purepoint Uranium Group Inc.
Summary
| Project: | Hook Lake | |
|---|---|---|
| Deposit: | Spitfire Zone | |
| Location: | Canada | |
| Commodities: | Uranium | |
| Date: | 1/18/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 18-1-2018: Purepoint Uranium Group Inc. announces an Exploration/Drilling Update report for its Spitfire Zone deposit at the Hook Lake project. JV - Drilling results incl. 14.6m @ 1.04% eU3O8 from 259.2m. Toronto, Ontario – January 18, 2018 – Purepoint Ur | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Scott Frostad (Internal) | |
| ABSTRACT: | Toronto, Ontario – January 18, 2018 – Purepoint Uranium Group Inc. (the “Company” or “Purepoint”) (TSX.V: PTU) today reported the completion of the first seven holes of the 2017/2018 Winter drill program 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 project lies on the South West edge of Saskatchewan’s Athabasca Basin, on trend with recent high-grade uranium discoveries including Fission Uranium’s Triple R deposit and NexGen’s Arrow deposit. “Three holes drilled at Spitfire, stepping out towards the northeast, have all hit mineralization extending our strike length by approximately 85 metres with HK18-82 returning 1.04% eU3O8 over 14.6 metres including 8.7% eU3O8 over 1.3 metres,” said Scott Frostad, Vice President Exploration at Purepoint. “Equally significant was our most recent hole at the Dragon Zone where we intersected a new graphitic shear associated with intense hydrothermal alteration. We have a lot of planned drilling ahead of us this winter to advance both these findings”. Five holes have been completed at the Spitfire Zone since November, 2017. The Spitfire high-grade uranium mineralization has been correlated with NexGen’s Harpoon discovery by Purepoint and an updated long section and plan map are available on the Purepoint website. (http://www.purepoint.ca/uraniumprojects/hooklake.php) | |
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