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Purepoint Uranium Group Inc.: JV Partners Approve Upcoming Program at Hook Lake
Purepoint Uranium Group Inc.: JV Partners Approve Upcoming Program at Hook Lake ...
About this update from Purepoint Uranium Group Inc.
[{"type":"text","content":"\n \n \n \n Purepoint Uranium Group Inc.: JV Partners Approve Upcoming Program at Hook Lake\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 TORONTO, Nov 9, 2020\n \n \n \n \n \n \n \n TORONTO\n \n ,\n \n Nov 9, 2020\n \n /CNW/ - Purepoint Uranium Group Inc. (TSXV: PTU) (\"\n \n Purepoint\n \n \" or the \"\n \n Company\n \n \") today announced that the upcoming winter exploration program at Hook Lake, (see News Release\n \n October 1, 2020\n \n ), has now been approved by the JV partners.  Hook Lake is a joint venture between Cameco Corporation (39.5%), Orano Canada Inc. (39.5%), and Purepoint (21%) in the Patterson Uranium District,\n \n Saskatchewan, Canada\n \n . The Hook Lake Project lies on the southwestern edge of\n \n Saskatchewan's\n \n \n Athabasca\n \n 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 \n \"We are very anxious to begin this winter's program at the Sabre Target Area - the result of two years of preparatory drill testing, geophysical surveying and analysis detailing primary drill targets through the heart of the Patterson Lake trend.\"\n \n Chris Frostad\n \n , President & CEO stated: \"Hook Lake is a high priority project, validated by the ongoing support of our partners Cameco and Orano; two of the world's largest uranium suppliers\".\n \n \n \n Sabre Target Area (\"W\" Conductor - North):\n \n \n \n This year's geophysical survey covered the Sabre Target area and consisted of five lines of stepwise-moving loop EM surveying that were spaced 800 metres apart. Interpretation of the survey results have provided initial drill targets covering 3.5 kilometres of conductor strike length. The purpose of the survey was to provide drill targets northeast of hole HK19-105 that intersected numerous shear zones, strong hydrothermal alteration and elevated radioactivity (up to 125 ppm U over 0.3 metres). Interpretation of the EM results provided four to six conductor picks of varying...