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    market news

    Purepoint Uranium Acquires Additional Claims, Tripling the Size of McArthur East Project

    Melissa Shaw
    Nov. 09, 2017 08:47AM PST
    Energy Investing

    Purepoint Uranium (the “Company” or “Purepoint”) (TSX-V:PTU) today reported the staking of 6 new claims adjacent to their 100% owned McArthur East project, increasing the total size of the project to 5,600 hectares. The McArthur East property, initially adjoining Cameco’s McArthur River project to the west, now also adjoins their Cigar Lake project to the …

    Purepoint Uranium (the “Company” or “Purepoint”) (TSX-V:PTU) today reported the staking of 6 new claims adjacent to their 100% owned McArthur East project, increasing the total size of the project to 5,600 hectares. The McArthur East property, initially adjoining Cameco’s McArthur River project to the west, now also adjoins their Cigar Lake project to the north.
    These projects host the world’s two largest high-grade uranium mines, McArthur River and Cigar Lake, with grades that are 100 times the world average. The McArthur East project is located on the eastern uranium mine trend of Canada’s Athabasca Basin in Northern Saskatchewan.
    Chris Frostad, President and CEO at Purepoint, said:

    “These new claims represent a sizable and valuable addition to the project
    The target definition program carried out earlier this year has demonstrated significant potential particularly in light of the project’s association with the neighbouring properties which host two of the world’s largest high-grade uranium mines.”

    Click here to read the full text release.

    athabasca basinmarket newsuranium minescanadamcarthur river
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