Purepoint Uranium Group Inc. recently reported that the strongest mineralized interval drilled to date within the Spitfire Zone has been intersected by Hole HK16-43, returning downhole probe results of 1.7 percent gamma probe results (eU3O8) over 31.2 meters including 13.3 percent eU3O8 over 2.2 meters.
Purepoint operates the Hook Lake project on behalf of its Joint Venture partners Cameco Corp. and AREVA Resources Canada Inc.
"The structure hosting high-grade uranium at Spitfire is currently being chased to shallower depths," Scott Frostad, Purepoint's vice president of exploration, said. "We are zeroing in on where the mineralized structure meets the unconformity to test for unconformity-related uranium deposition."
The new HK16-43 mineralized intercept is situated 220 meters below the surface and represents a 25-meter up-dip step-out from the HK16-37 mineralization. Spitfire Zone drill hole HK16-43 has returned downhole probe results of 1.7 percent eU3O8 over 31.2 meters and includes 13.3 percent eU3O8 over 2.2 meters.
The mineralized structure has yet to be tested where it meets the unconformity and may also be associated with unconformity-related uranium deposition. The downhole calibrated eU308 are preliminary and subject to confirmation by geochemical assay. Further downhole probe results and follow-up geochemical assays will be released as they become available.
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