- Purepoint Uranium (PTU) begins drilling at Red Willow’s Osprey zone
- The 2022 Red Willow drill program will look to expand its Osprey discovery
- initial drilling identified basement-hosted uranium mineralization highlighted by RW-19 that intersected 0.19 per cent U3O8 over 4.0 metres
- Mobilization of the drill and temporary work camp for the 2022 Red Willow program began in late December
- Purepoint Uranium Group Inc. actively operates an exploration pipeline of 12 advanced projects in Canada’s Athabasca Basin
- Purepoint Uranium Group Inc. (PTU) is up 5 per cent, trading at C$0.10 at 11:55 am EST
Purepoint Uranium Group (PTU) commenced drilling at the Red Willow project within the eastern uranium mine district of the Athabasca Basin.
The 2022 Red Willow drill program will look to expand its Osprey discovery where initial drilling identified basement-hosted uranium mineralization highlighted by RW-19 that intersected 0.19 per cent U3O8 over 4.0 metres and included 3.03 per cent U3O8 over 0.1 metres.
“We’re focusing our 2022 Red Willow drill program at the Osprey Zone, which hosts prior uranium intercepts that we believe extend well beyond our initial findings,” explained Scott Frostad, VP Exploration at Purepoint.
“The mineralized Osprey shear zone remains open at depth, the lens of flat-lying uranium mineralization is untested towards the East, and the Osprey Conductor continues North for 2 kilometres with only limited drilling,” added Frostad.
Mobilization of the drill and temporary work camp for the 2022 Red Willow program began in late December and drilling has now commenced at the Osprey Zone.
The drill program will begin with initial step-outs of the known Osprey mineralization and testing of the Osprey conductor towards the north.
The 100 per cent owned Red Willow property is situated on the eastern edge of the Athabasca Basin in Northern Saskatchewan, Canada and consists of 17 mineral claims having a total area of 40,116 hectares.
The property is located close to several uranium deposits including Orano Resources Canada Inc.’s JEB mine, approximately 10 kilometres to the southwest, and Cameco’s Eagle Point mine that is approximately 10 kilometres due south.
Geophysical surveys conducted by Purepoint at Red Willow have included airborne magnetic and electromagnetic (VTEM) surveys, an airborne radiometric survey, ground gradient array IP, pole-dipole array IP, fixed-loop and moving-loop transient electromagnetics, and gravity.
Purepoint Uranium Group Inc. actively operates an exploration pipeline of 12 advanced projects in Canada’s Athabasca Basin.
In addition to its flagship joint venture project at Hook Lake with partners Cameco and Orano and a second joint venture with Cameco at Smart Lake, Purepoint also holds ten, 100 per cent owned projects with proven uranium-rich targets.
Purepoint Uranium Group Inc. (PTU) is up 5 per cent, trading at C$0.10 at 11:55 am EST.