- Purepoint (PTU) has returned over 33,000 counts per second (CPS) from initial drilling at its Red Willow Project
- Five of seven holes encountered anomalous uranium
- The company intends to continue drilling to the north in search of more significant mineralization
- Purepoint Uranium operates 12 advanced exploration projects in Canada’s Athabasca Basin
- Purepoint (PTU) is up by 15.79 per cent trading at $0.11 per share
Purepoint (PTU) has returned over 33,000 CPS from initial drilling at its Red Willow Project.
The preliminary results are defining a uranium-bearing hydrothermal system at the Osprey Zone on the Saskatchewan property.
Five of seven holes encountered anomalous uranium at a shallow depth from surface across 325 m.
The highest levels of radioactivity came from holes OSP22-04 and OSP22-06, which yielded 8,830 CPS and 33,070 CPS, respectively.
The company intends to continue drilling to the north in search of more significant mineralization.
EM results outlined over 70 km of conductors that in most instances represent favourable graphitic lithology.
“The high levels of radioactivity in these initial drill holes are very similar to the mineralized setting we experienced near the Spitfire Deposit at the Hook Lake JV Project and may demonstrate a system of widespread uranium mineralization,” stated Scott Frostad, VP Exploration at Purepoint.
“This open, untested trend continues for approximately two km to the north and one-half km to the south giving us plenty of drilling to complete before the season ends,” he added.
Preliminary drilling results at Red Willow’s Osprey Zone
|Hole number||From (m)||To (m)||Width (m)||Avg CPS||Peak CPS|
Purepoint Uranium operates 12 advanced exploration projects in Canada’s Athabasca Basin.
Purepoint (PTU) is up by 15.79 per cent trading at $0.11 per share as of 11:54 am EST.