Purepoint Stakes Forsythe Lake Property in Athabasca Basin

Purepoint Uranium Group Inc. (TSXV:PTU) reports that it has staked a 4,217 hectare property near the north-eastern edge of Canada’s Athabasca Basin.

The press release is quoted as saying:

The Forsythe Lake property contains known electromagnetic (EM) conductors that extend onto the neighbouring Denison/JNR Bell Lake Project and lies approximately 20 kilometres west of Cameco’s La Rocque occurrence (which returned up to 33.9% U3O8 over 5.5 metres).

Purepoint Uranium’s President and CEO, Chris Frostad says:

“We maintain a very active watch for prospective projects that may occasionally come available in the Basin”. “As the uranium sector emerges from the recent global economic collapse we are fortunate to be able to add such a promising prospect to our portfolio”.

Click here to access the entire news release.

Click here to access Purepoint’s company website.