Purepoint Hits New High-Grade Intercept at Hook Lake Project

Purepoint Uranium Group (TSXV:PTU) announced the preliminary results from the 2015 Hook Lake JV drill program, which saw hole HK15-27 return 2.8 meters of 2.23 percent U308 including 12.9 percent U308 over 0.4 meters.

Highlights include:

• High-grade uranium mineralization has been discovered 240 meters northeast of the Spitfire discovery approximately 390 meters below surface;
• Hole HK15-27 intersected 2.23 percent U3O8 over 2.8 meters from the upper contact of a graphitic unit (depth of 390 meters) and contains 20 centimeters of semi-massive pitchblende;
• Hole HK15-25 intersected 0.10 percent U3O8 over 4.3 meters (depth of 310 meters) from the same structure hosting the high-grade mineralization in HK15-27, and an additional interval of 0.13 percent U3O8 over 1.2 meters (depth of 255 meters);
• The current drill season will allow for a few more follow-up drill holes to the HK15-27 intercept

As quoted in the press release:

The new high-grade uranium intercept by hole HK15-27 is located 240 meters along strike (northeast) and 180 meters down dip of last year’s Spitfire Discovery. Uranium mineralization is controlled by a semi-brittle structure that is coincident with the upper contact of a thick, strongly sheared Graphitic-pyritic Pelitic Gneiss unit. Drilling is following up the HK15-27 high-grade mineralized intercept.

Scott Frostad, vice president of exploration at Purepoint, commented:

We were led to successively deeper drill targets while using large step-outs to chase an observed increase in alteration and radioactivity. Our successful cut of high-grade mineralization came by drilling 85 meters down dip of the structure that returned 0.10 percent U3O8 over 4.3 meters in hole HK15-25.

Click here to read the full Purepoint Uranium Group (TSXV:PTU) press release.