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