Purepoint Defines Its Most Significant Drill Season in Five Years

Purepoint Uranium Group Inc. (TSXV:PTU) announced its plans for winter drilling at two of its most advanced Athabasca Basin uranium projects: Hook Lake, in the Patterson Lake region, and Red Willow, in the Eastern Basin’s primary high-grade mine trend.

According to the company’s press release:

With a budgeted 5,000 metres of drilling (approximately 14 holes) at Hook Lake, the Company, in joint venture with Cameco and Areva, is mounting this region’s largest follow-up diamond drill program to Fission Uranium’s neighbouring Patterson Lake South uranium discovery. An additional 2,500 metres (approximately 8 holes) is also planned for Purepoint’s Red Willow property, where five key target zones have been prioritized for winter drilling by the project operator, Rio Tinto.

CEO Chris Frostad commented:

More than 90% of this season’s exploration is being funded by our partners, which maximizes the use of our own carefully managed financial resources. This significant financial commitment by three of the largest uranium producers in the world certainly demonstrates the technical merit and prospective value of these particular uranium assets.

Click here to view the full release.