Purepoint Uranium (TSXV:PTU; OTC:FTUUF) reports encouraging results from the latest drilling at the Hook Lake uranium joint venture with Cameco (39.5%) and Orano Canada (39.5%). Diamond drill hole CRT23-05 returned 0.08% uranium oxide (U3O8) over 0.4 metre from a 15-metre graphitic shear zone below the unconformity.
The hole was surrounded by a significant boron halo that returned more than 800 ppm boron over 35 metres. Boron is an important indicator mineral for uranium. Using it as a pathfinder mineral was advantageous in finding the Key Lake deposit in the late 1970s.
"Our latest exploration drill hole on the Carter corridor, CRT23-05, has uncovered a significant 35-metre-wide boron halo surrounding a 0.08% U3O8 uranium intercept over 0.4 metre," said Scott Frostad, VP exploration at Purepoint. "This discovery of boron associated with uranium in the Carter corridor is particularly exciting, as boron is a key pathfinder element for uranium deposits. Our neighboring basement-hosted Spitfire uranium discovery also displayed significant boron enrichment that was recognized during its discovery phase."
The Hook Lake project is located within the Patterson uranium district of northern Saskatchewan. It lies on trend with other high-grade uranium discoveries including Fission Uranium’s Triple R deposit and NexGen’s Arrow deposit.
Purepoint has been the operator of the Hook Lake joint venture since 2007. A technical report on the project was released in April 2022.
Additional drilling at Hook Lake is planned. Visit www.Purepoint.ca.
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