Purepoint Uranium Group Inc. Files National Instruments 43-101 Technical Report

Purepoint Uranium Group Inc. announced that it has filed a National Instruments 43-101 compliant technical report on its Smart Lake project.

As quoted in the press release:

Drilling at Smart Lake has discovered uranium mineralization associated with the Shearwater conductor, a hydrothermally altered graphitic-pyritic pelitic gneiss that returned 127 ppm U over 13.3 metres in SMT08-01. A geochemical halo that includes the enrichment of nickel, arsenic and cobalt is associated with the uranium mineralization. The strongest radioactivity was returned from a tension fracture in SMT08-06 assaying 1,600 ppm U over 0.1 metre.

Purepoint Uranium Group Inc.’s President & CEO, Chris Frostad, said:

Our ongoing reconciliation and re-interpretation of this data has produced some of the most prospective opportunities in the Athabasca Basin and we felt it necessary to now compile this understanding in a current and complete fashion.

To view the whole press release, click here.