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Purepoint Uranium Group Inc.
Summary
| Project: | Hook Lake | |
|---|---|---|
| Deposit: | Spitfire Zone | |
| Location: | Canada | |
| Commodities: | Uranium | |
| Date: | 2/2/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 2-2-2017: Purepoint Uranium Group Inc. announces an Exploration/Drilling Update report for its Spitfire Zone deposit at the Hook Lake project. JV - Drilling results incl. 9.5m @ 2.92% U3O8 . Purepoint Uranium Group Inc. (the “Company” or “Purepoint”) (TSX | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Scott Frostad (Internal) | |
| ABSTRACT: | Purepoint Uranium Group Inc. (the “Company” or “Purepoint”) (TSX VENTURE:PTU.V) today reported that high-grade Spitfire Zone mineralization has been confirmed along strike for 115 metres. Assay results for the first hole of the current drill program, HK16-55, have returned 13.3% U3O8 over 1.5 metres within a 9.5 metre interval that assayed 2.92% U3O8. Purepoint is the operator of the Hook Lake project on behalf of its Joint Venture partners Cameco Corp. and AREVA Resources Canada Inc. The HK16-55 mineralized intercept is situated approximately 40 metres northeast of the HK16-53 that returned 53.3% U3O8 over 1.3 metres within an interval that assayed 10.3% U3O8 over 10.0 metres at the end of the last drilling program. A follow-up hole, HK16-60, has intersected a 12.7 metre mineralized interval that is located 75 metres southwest of the HK16-53 high-grade hit (assays pending). The Upper Spitfire high-grade mineralization continues to be intersected at a depth of 200 to 250 metres below surface suggesting a sub-horizontal control. “In February we will be moving our focus towards the north along the Patterson Shear Zone” said Scott Frostad, VP Exploration at Purepoint. “We are currently targeting the Spitfire graphitic shear on the northern side of an interpreted east-west fault as well as the intersection of two conductors located within the centre of the Hornet Zone”. | |
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