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Purepoint Uranium Announces Corporate Update
Purepoint Uranium Announces Corporate Update Canada NewsWire TORONTO ...
About this update from Purepoint Uranium Group Inc.
[{"type":"text","content":"\n \n \n \n Purepoint Uranium Announces Corporate Update\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n TORONTO\n \n ,\n \n March 30, 2021\n \n /CNW/ - Purepoint Uranium Group Inc. (TSXV: PTU) (\"\n \n Purepoint\n \n \" or the \"\n \n Company\n \n \") today announced that plans are now underway to recommence exploration on some of the more advanced, 100% owned projects on the eastern side of the\n \n Athabasca\n \n Basin. The Company also announced an update on its flagship Hook Lake Project, a project owned jointly by Cameco Corp. (39.5%), Orano Canada Inc. (39.5%) and Purepoint Uranium Group Inc. (21%).\n \n \n \n \n \n \n \n \n \n \n Chris Frostad\n \n , President and CEO stated: \"In light of the success of our December financing, the current financing underway and the market's signaling of a possible near-term correction in uranium prices, we felt it prudent to begin planning next stage work on our large portfolio of advanced, 100% owned projects in the\n \n Eastern Athabasca\n \n Basin. In tandem with the fundraising currently underway, we have secured permits and are preparing for aggressive drilling on a number of these projects\".\n \n \n \n Expanded Exploration Program\n \n \n \n Purepoint holds and operates approximately 175,000 hectares of claims across 12 uranium exploration projects in the Athabasca Basin.  These are the priority claims that have been chosen from over 500,000 hectares the Company has staked, evaluated and maintained over the years.  Today, within these claims, there exist over 20 distinct and well-defined drill target areas with advanced geophysical surveys completed, and in some cases, have had first pass drilling performed.\n \n \n Permits for drill programs have now been obtained for the Red Willow, Henday Lake and Umfreville projects.\n \n \n Purepoint has completed the final hole of the 2021 Winter Drill Program at the Hook Lake project and demobilization is underway.  Results are expected to be released shortly, pending assays and review of the results with the Hook Lak...