Purepoint Uranium Group Inc. (TSXV: PTU) reports field crews have mobilised to the Hook Lake project in preparation for this winter’s exploration programme in the Patterson Uranium District of Saskatchewan Canada.
Scott Frostad, Purepoint’s Vice President of Exploration, said that Hook Lake, a joint venture between Cameco Corporation (39.5%), Orano Canada Inc. (39.5%) and Purepoint (21%), lies on the south-western 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.
“Our Patterson Lake camp is now open and field crews are building up lake ice using flood pumps in preparation of lake-based holes to be drilled early next year,” Mr Frostad said.
“We have awarded our drilling contract to Cyr Drilling International Ltd, who will be drilling up to 3500 metres, and our geophysical work has been awarded to Discovery International Geophysics Inc.
“The 2020 diamond drilling will continue to test high-priority targets along the Patterson Corridor including a conductive shear between the Spitfire Zone and the Dragon area as well as follow-up targets within the Hornet area.
‘We anticipate the electromagnetic geophysical survey will provide new drill targets northeast of encouraging drill hole HK19-105 early next year, in time for consideration during this drill programme.”
An C$2 million exploration budget of has been approved by the Hook Lake JV partners for 2020 that includes up to 3,500 metres of drilling in approximately seven holes and a geophysical survey.
The Hook Lake JV is considered one of the highest quality uranium exploration projects in the Athabasca Basin due to its location along the prospective Patterson Lake trend and the relatively shallow depth to the unconformity.
Current exploration is targeting the Patterson Lake Corridor that hosts Fission’s Triple R Deposit (indicated mineral resource 87,760,000 lbs U3O8 at an average grade of 1.82% U3O8) NexGen Energy’s Arrow Deposit (indicated mineral resource 256,600,000 lbs U3O8 at an average grade of 4.03% and the Spitfire Discovery by the Hook Lake JV.
