The Conversation (0)
Purepoint Uranium (TSXV:PTU) provided an update for the Hook Lake Joint Venture, to which it holds a 21 percent interest. Together with Cameco Corporation and AREVA, the company is planning a drill program for the winter. Three claims have also been staked to the project.
Purepoint Uranium (TSXV:PTU) provided an update for the Hook Lake Joint Venture, to which it holds a 21 percent interest. Together with Cameco Corporation and AREVA, the company is planning a drill program for the winter. Three claims have also been staked to the project.
As quoted in the press release:
A drill program is currently being planned for Hook Lake this winter and is proposed to focus on the “Patterson Corridor” which hosts numerous electromagnetic conductors. During 2007 and 2008, Purepoint conducted extensive geophysical work over the Patterson Corridor and has now compiled these results with historic geophysical data and drill results collected south of the Hook Lake property. It has been concluded that anomalous radioactivity encountered by drilling south of the project on Patterson Lake in the 1980s, and anomalous intercepts by the Fission/ESO Joint Venture on their Patterson Lake South property, lie on the southern portion of the Patterson Corridor.
Three claims totaling 2,632 hectares were recently staked by Cameco and have been agreed in principle to be included in the Hook Lake Joint Venture agreement. These new claims are located due north of high grade uranium boulders discovered by the Fission/ESO Joint Venture on their Patterson Lake South property.
Click here to view the full press release.
