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Purepoint Uranium Group (the “Company” or “Purepoint”) (TSX VENTURE:PTU) today reported the details of upcoming summer programs at their 100% owned Umfreville, Henday and McArthur East projects in the Athabasca Basin, Saskatchewan. The Company also announced that this summer, the Hook Lake Joint Venture will play host to a dozen researchers from the Geological Survey …
Purepoint Uranium Group (the “Company” or “Purepoint”) (TSX VENTURE:PTU) today reported the details of upcoming summer programs at their 100% owned Umfreville, Henday and McArthur East projects in the Athabasca Basin, Saskatchewan.
The Company also announced that this summer, the Hook Lake Joint Venture will play host to a dozen researchers from the Geological Survey of Canada and the Saskatchewan Geological Survey as well as technical representatives from AREVA Resources Canada Inc. The Government groups are undertaking a detailed lithostructural study of the Patterson Lake Corridor of the Athabasca Basin.
Chris Frostad, President & CEO Purepoint Uranium Group said:
“Recently, our focus has been driven by our Hook Lake project discoveries within the Patterson Uranium District, however, Purepoint maintains five highly prospective and well advanced projects along the eastern mine corridor of the Athabasca Basin.
We have minimized our investment in these ventures during a prolonged period of low uranium prices but believe the sector is soon entering a phase of stronger recovery. We will use this summer to further delineate and prioritize the numerous drill targets within our significant portfolio.”