American Invest Hub
  • Politics
  • Investing
  • Business
  • Latest News

American Invest Hub

  • Politics
  • Investing
  • Business
  • Latest News
Investing

Purepoint Uranium Group Inc. Launches Strategic Drill Program at Turnor Lake Project Targeting the La Rocque Structural Corridor

by admin April 30, 2024
April 30, 2024
Purepoint Uranium Group Inc. Launches Strategic Drill Program at Turnor Lake Project Targeting the La Rocque Structural Corridor

Purepoint Uranium Group Inc. (TSXV: PTU) (OTCQB: PTUUF) (‘Purepoint’ or the ‘Company’), an established and active explorer in Canada’s Athabasca Basin, today announced the initiation of a comprehensive drill program at their 100%-owned Turnor Lake Project, specifically targeting the prolific La Rocque Structural Corridor.

The La Rocque Structural Corridor, known for hosting the notable high-grade Hurricane Uranium Deposit (IsoEnergy Ltd.) and the La Rocque Lake Zone (Cameco Corp.), spans a promising 7-kilometre strike length within the northern portion of the Turnor Lake project. Scott Frostad, VP of Exploration, highlighted, ‘Our focused approach this season aims to thoroughly explore priority targets along this key geological feature with the goal of uncovering substantial uranium mineralization akin to neighboring high-grade finds.’

Project Highlights:

Drilling Scope: Approximately 5,000 metres of helicopter-supported diamond drilling over 12 to 15 strategically placed holes.Strategic Timing: Mobilization of drill and crew is underway, with drilling activities scheduled to commence later this week.

Figure 1 – Turnor Lake Project Map

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3218/207001_b8c9dfae2428c843_002full.jpg

About the Turnor Lake Project:
Occupying 9,705 hectares on the eastern side of the Athabasca Basin, the Turnor Lake Project is uniquely positioned across two major structural/conductive corridors, the LaRocque and Klaproth, that are both known for hosting significant uranium mineralization.

Noteworthy past findings along the LaRocque Corridor include Cameco’s drill hole KER-17, which intersected 0.09% U3O8 over 0.5 metres at the unconformity within sooty pyrite near the project’s western claim line-a geologic setting analogous to the nearby Hurricane uranium mineralization. Additionally, Denison Mines’ drill hole RL13-16, located 10 km west of Turnor Lake along the La Rocque Corridor, encountered 2.3 metres at 0.45% U3O8, further exemplifying the corridor’s rich uranium potential. The drill-ready LaRocque and Klaproth corridors which underscore the project’s significant exploration prospects have been corroborated by extensive airborne and ground geophysical surveys that have also delineated other notable EM conductors across the property.

As the project progresses, Purepoint remains committed to adhering to the highest standards of exploration excellence and sustainable practices, aiming to deliver significant value to our shareholders and contribute positively to the communities in which we operate.

About Purepoint Uranium Group Inc.:
Purepoint Uranium Group Inc. (TSXV: PTU) (OTCQB: PTUUF) is a focused explorer with a dynamic portfolio of nine advanced projects within the renowned Athabasca Basin in Canada. Key projects include the flagship Hook Lake joint venture with industry leaders Cameco and Orano, and the Smart Lake joint venture solely with Cameco.

Beyond these partnerships, Purepoint proudly manages seven wholly-owned projects, each featuring established uranium targets. Additionally, the Company holds a promising VHMS project currently optioned to and strategically positioned adjacent to and on trend with Foran Corporation’s McIlvena Bay project. Through a robust and proactive exploration strategy, Purepoint is solidifying its position as a leading explorer in one of the globe’s most significant uranium districts.

Scott Frostad BSc, MASc, P.Geo., Purepoint’s Vice President, Exploration, is the Qualified Person responsible for technical content of this release.

For more information, please contact:

Chris Frostad, President & CEO
Phone: (416) 603-8368
Email: cfrostad@purepoint.ca

For additional information please visit our new website at https://purepoint.ca, our Twitter feed: @PurepointU3O8 or our LinkedIn page @Purepoint-Uranium.

Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this Press release.

Disclosure regarding forward-looking statements

This press release contains projections and forward-looking information that involve various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance of the Company. These risks and uncertainties could cause actual results and the Company’s plans and objectives to differ materially from those expressed in the forward-looking information. Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and expressly qualified in their entirety by this notice.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/207001

News Provided by Newsfile via QuoteMedia

This post appeared first on investingnews.com

0
FacebookTwitterGoogle +Pinterest
previous post
Nuclear Fuels Announces Resumption of Drilling at Its Kaycee ISR Uranium Project, Powder River Basin, Wyoming
next post
Lodgement of Bidder’s Statement

Related Posts

Anglo American Rejects BHP’s “Undervalued” US$38.8 Billion Bid

April 27, 2024

Intel stock forecast as a new twist emerges

September 23, 2024

Rolls-Royce share price is recovering: is it a...

April 10, 2025

GBP/USD forecast: signal ahead of Fed and BoE...

June 15, 2025

How High Can the Gold Price Go? Mining...

May 18, 2024

Contingent Resources Increased by 328%

May 27, 2024

USD/CAD forecast: signal ahead of Canada CPI, Fed...

December 17, 2024

Graphite Market Update: H1 2024 in Review

August 6, 2024

Noble Minerals Initiates Temporarily Delayed Drill Program in...

July 3, 2024

Zimbabwe Shifts to Gold-backed Currency, Replacing Devalued Dollar

April 10, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest News

    • GMS stock jumps 29% on takeover interest from Home Depot, QXO, analysts raise PTs

      June 22, 2025
    • Japan’s rice price surge: what’s driving it and why it could spark a political crisis

      June 22, 2025
    • BofA raises STOXX 600 target amid resilient global growth, warns on Mideast risks

      June 22, 2025
    • Palantir co-founder: US must prevent Iranian nukes

      June 22, 2025
    • Fed governor Waller advocates for July rate cut amid tariff, labor market outlook

      June 21, 2025

    Categories

    • Business (3,209)
    • Investing (2,537)
    • Latest News (2,000)
    • Politics (1,530)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: americaninvesthub.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 americaninvesthub.com | All Rights Reserved