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Purepoint Uranium Group Inc.: Hook Lake JV 2020 Exploration Program Update
Purepoint Uranium Group Inc.: Hook Lake JV 2020 Exploration Program Update Canada ...
About this update from Purepoint Uranium Group Inc.
[{"type":"text","content":"\n\n\n\nPurepoint Uranium Group Inc.: Hook Lake JV 2020 Exploration Program Update\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\nCanada NewsWire\nTORONTO, May 6, 2020\n\n\n\nTORONTO, May 6, 2020 /CNW/ - Purepoint Uranium Group Inc. (TSXV: PTU) (\"Purepoint\" or the \"Company\") today provided an update of this winter's exploration program at the Hook Lake Project, a joint venture between Cameco Corporation (39.5%), Orano Canada Inc. (39.5%), and Purepoint (21%) in the Patterson Uranium District, Saskatchewan, Canada. The Hook Lake Project lies on the southwestern edge of Saskatchewan's Athabasca Basin and is adjacent to and on trend with recent high-grade uranium discoveries including Fission Uranium's Triple R Deposit and NexGen's Arrow Deposit.\n\n \n \n \n \n \n \n\n \nAn update Webinar, presentation and maps have been posted today on the Company's website (www.purepoint.ca/videos/) which includes a discussion with the President of the Saskatchewan Mining Association, Ms. Pam Schwann, who provides detail on current efforts to safeguard and support Saskatchewan's mining industry during the COVID-19 emergency. \nA focus of the 2020 exploration program included follow-up north of encouraging hole HK19-105, an area referred to as the Sabre Target. This year's geophysical survey was conducted over the Sabre Target area and consisted of five lines of stepwise-moving loop electromagnetic (EM) surveying spaced 800 metres apart. Interpretation of the EM results has revealed that the previously identified \"W\" conductor is actually two continuous parallel conductors of variable strength, associated with previously unknown, sub-parallel conductors.  The presence of numerous EM conductors in this area is thought to be reflecting highly prospective structural complexity. Plans for the follow up program will include significant drilling along this 3.5 kilometre stretch of conductive rocks.\nIn addition to the geophysical survey, five target areas were tested this winter by seven diamond holes for a total of 3,659 metres of drilling. \n\"Our greatest success this year was ...