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Purepoint Uranium Reports Total Gamma Spikes as High as 8,850 cps as It Completes Winter Drill Program at Hook Lake Joint Venture
Toronto, Ontario--(Newsfile Corp. - March 23, 2023) - Purepoint Uranium Group Inc. (TSXV: PTU) (O...
About this update from Purepoint Uranium Group Inc.
[{"type":"text","content":"Purepoint Uranium Reports Total Gamma Spikes as High as 8,850 cps as It Completes Winter Drill Program at Hook Lake Joint VentureToronto, Ontario--(Newsfile Corp. - March 23, 2023) - Purepoint Uranium Group Inc. (TSXV: PTU) (OTCQB: PTUUF) (\"Purepoint\" or the \"Company\") announced today the completion of its winter drill program at the Hook Lake Joint Venture at the Carter Corridor. The Hook Lake Project is a joint venture between Cameco Corporation (39.5%), Orano Canada Inc. (39.5%), and Purepoint (21%) and lies on trend with high-grade uranium discoveries including Fission Uranium's Triple R Deposit and NexGen's Arrow Deposit.\"As this was our first pass drilling of the Carter Corridor, the main conductive trend was tested using 800 metre step-outs towards the north in order to identify the most prospective geology,\" said Scott Frostad, Vice President Exploration at Purepoint. \"Our team was thrilled when the fifth hole of the program, CRT23-05, encountered elevated radioactivity associated with graphitic shearing and intense clay alteration. The downhole gamma results are the highest counts-per-second we've seen outside of our Spitfire discovery.\"Highlights2,710 metres of diamond drilling were completed in six holes to test the Carter Corridor.CRT23-05 returned peak radioactivity of 8,850 counts per second (cps) with three intervals of anomalous radioactivity over 34.8 metres that included 0.9 metres at 3,950 cps and 2.2 meters at 1,660 cps (Table 1).CRT23-06, a 100 metre step out from CRT23-05 towards the south, returned peak radioactivity of 3,225 cps from an anomalous radioactive zone averaging 1,745 cps over 3.1 metres. The Carter corridor is a long-lived, reactivated graphitic fault zone that lies between the Clearwater Domain granitic intrusive rocks to the west and runs parallel to the Patterson structural corridor to the immediate east. The 25-kilometre strike length of the Carter structural/conductive corridor is almost entirely located within the Hook Lake JV project.Drill hole CRT23-05 targeted a Stepwise Moving Loop Electromagnetic conductor and encountered the unconformity at a depth of 280m. The hole intersected a sheared/faulted chlorite-altered, graphitic diorite gneiss over 15 metres before encountering 5 metres of intense clay alteration. The graphitic shear featured elevated radioactivity, including 3,9...