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Purepoint Uranium Announces Extension of Drill Program at 100% Owned Henday Lake
Toronto, Ontario--(Newsfile Corp. - November 11, 2021) - Purepoint Uranium Group Inc. (TSXV: P...
About this update from Purepoint Uranium Group Inc.
[{"type":"text","content":"Purepoint Uranium Announces Extension of Drill Program at 100% Owned Henday LakeToronto, Ontario--(Newsfile Corp. - November 11, 2021) - Purepoint Uranium Group Inc. (TSXV: PTU) (OTCQB: PTUUF) (\"Purepoint\" or the \"Company\") announced that its fall drill program at its 100% owned Henday Lake Project in the northeastern margin of Saskatchewan's Athabasca Basin has been extended to December 2021.\"We were fortunate enough to secure our drill and crew for another 4 or 5 weeks allowing us to continue our inaugural drill testing at Henday,\" said Scott Frostad, VP Exploration at Purepoint. \"The first few holes were difficult due to our targets being deeper than anticipated and the interception of numerous unconsolidated sand seams have resulted in a hole being restarted. None the less, we are excited that we now have enough time and budget to test more targets than originally planned.\"Highlights: Purepoint now expects to complete five initial diamond drill holes at an average depth of approximately 450 to 500 metres each.The targeted electromagnetic conductors lie within an east-west trending magnetic low, considered to represent pelitic basement rocks, a typical host rock for economic uranium mineralization.The Huskie Uranium deposit, discovered by Denison in 2017, is due west of the Henday Lake project and is associated with an east-west trending magnetic low.Work to date on the project is outlined in detail in an NI 43-101 compliant technical report which can be found at https://purepoint.ca/projects/henday-block/.Henday LakeThe 100% owned Henday Lake property is 1,029 hectares in size and consists of 2 claims. The Henday property is located nine kilometres northwest of Orano's Midwest Lake deposit (41 million lbs. U3O8) and ten kilometres west of Rio Tinto's Roughrider Deposit (57 million lbs. U3O8).Only one drill hole is known to have been previously drilled on the property. Hole HLH8-71 was drilled by Cogema Resources (now Orano Resources Canada Inc.) in 1998 and encountered a steeply dipping, strongly graphitic fault gouge at the bottom of the hole. The claims rest within a magnetic low believed to represent pelitic basement rocks, a typical host rock for economic uranium mineralization. The depth to basement is locally less than 350 metres.Denison's recently discovered Huskie deposit is located approximately 10 km due ea...