- Purepoint Uranium (PTU) has contracted crews and resources for September drilling at its Henday Lake Project in Saskatchewan
- Henday’s two claims rest within a magnetic low believed to represent pelitic basement rocks, a typical host rock for economic uranium mineralization
- The property is close to three deposits containing up to 57 million lbs. U3O8
- Purepoint Uranium operates an exploration pipeline of 12 advanced projects in Canada’s Athabasca Basin
- Purepoint Uranium (PTU) is down by 3.13 per cent and is currently trading at $0.155 per share
Purepoint Uranium (PTU) has contracted crews and resources for September drilling at its Henday Lake Project in Saskatchewan.
Henday Lake is 1,029 hectares in size and consists of two claims. The claims rest within a magnetic low believed to represent pelitic basement rocks, a typical host rock for economic uranium mineralization.
The property is located 9 km northwest of Orano’s Midwest Lake Deposit (41 million lbs. U3O8) and 10 km west of Rio Tinto’s Roughrider Deposit (57 million lbs. U3O8). Denison’s Husky Deposit (5.7 million Ibs. U3O8) is located 10 km east along strike.
Chris Frostad, Purepoint’s President and CEO, stated,
“With this year’s strengthening of the uranium market and our deep portfolio of advanced uranium projects, we can now aggressively schedule ongoing exploration activity through the coming year. Along with this market activity, however, comes a heightened demand for crews, equipment and permits. Our long-standing relationships in northern Saskatchewan are assisting us in ensuring a smooth flow of work across all of our projects.”
Purepoint Uranium operates an exploration pipeline of 12 advanced projects in Canada’s Athabasca Basin.
Purepoint Uranium (PTU) is down by 3.13 per cent and is currently trading at $0.155 per share as of 9:55 am ET.