TORONTO, Nov. 6, 2019 /CNW/ - Purepoint Uranium Group Inc.
(the "Company" or "Purepoint") (TSX: PTU.V) will be
hosting a webinar on November 12,
2019 at 12 pm EST to discuss
the state of the junior uranium exploration market as well as the
results of this week's joint venture meeting for the Hook Lake
Project. The Hook Lake Project is owned jointly by Cameco Corp.
(39.5%), Orano Canada Inc. (39.5%) and Purepoint Uranium Group Inc.
(21%).
"As a follow-up to our Uranium Investment Thesis from last year,
we would like to continue the conversation on what's happening in
the uranium market, with a focus on uranium investors and what
junior explorers are doing to meet expectations. During the
webinar, we will also be discussing the results of the latest Hook
Lake JV partners meeting and our upcoming program", said
Chris Frostad, President and
CEO.
To access the webinar, participants will need to register in
advance through the following link:
https://zoom.us/webinar/register/5615729674342/WN_zqZZnFzjS_2Dg5NOmN8SIg
After registering, participants will receive a confirmation
email containing information about joining the webinar. For those
interested but unable to attend, a video of the webinar will be
posted on the Purepoint's website after the webinar is
completed.
Hook Lake JV Project
The Hook Lake JV project is owned jointly by Cameco Corp.
(39.5%), Orano Canada Inc. (39.5%) and Purepoint Uranium Group Inc.
(21%) as operator and consists of nine claims totaling 28,598
hectares situated in the southwestern Athabasca Basin. 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.
About Purepoint
Purepoint Uranium Group Inc. is focused on the precision
exploration of its ten projects in the Canadian Athabasca Basin,
the world's richest uranium region. Established in the Athabasca Basin well before the initial
resurgence in uranium earlier last decade, Purepoint's flagship
project is the Hook Lake Project, a joint venture with two of the
largest uranium suppliers in the world, Cameco Corporation and
Orano Canada Inc. The Hook Lake JV is on trend with recent
high-grade uranium discoveries including Fission Uranium's Triple R
Deposit, NexGen's Arrow Deposit and Purepoint's Spitfire
discovery.
Scott Frostad BSc, MASc, PGeo,
Purepoint's Vice President, Exploration, is the Qualified
Person responsible for technical content of this
release.
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
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SOURCE Purepoint Uranium Group Inc.