Purepoint Stakes Tasks Adjacent to Red Willow Project in Athabasca Basin
Purepoint Uranium Group Inc. documented nowadays that it has staked three properties totaling 23,141 hectares about the northeast margin of Canada’s Athabasca Basin. The Red Willow North and Red Willow East properties are contiguous with Purepoint’s Red Willow Challenge being advanced under a joint venture agreement with Rio Tinto. The Carson Lake property covers a strong electromagnetic (EM) conductor that is an extension of the conductive trend found in the southeast corner of Red Willow North.
Exploration will target basement-hosted, structurally controlled uranium deposits similar to the Eagle Point deposit situated 30 kilometers south of Red Willow North and 30 kilometers south-southwest of Red Willow East.
Highlights:
– The Red Willow North property hosts the continuation of the Red Willow
Osprey conductor on which recent Purepoint drilling returned intercepts
of 0.20% eU3O8 over 5.8 metres:
– The Osprey conductive trend extends eastward to the newly staked Carson
Lake property;
– The Red Willow East property covers the eastern extension of EM
conductors outlined within the Purepoint/Rio Tinto JV Red Willow task;
– All three new jobs are owned 100% by Purepoint
Red Willow North
The Red Willow North property consists of 3 claims covering favourable basement rocks over an area of 13,
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A radioactive boulder occurrence consisting of approximately 125 radioactive boulders and one radioactive outcrop within an area of 1.5 km by 240m is located one kilometer to the southwest (down-ice direction) of Red Willow North. Uranium mineralization is associated with sheared and fractured biotite quartzite,
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The most western claim covers Topping Island located on Hatchet Lake. An historic five kilometer long EM conductor,
Office 2010 Sale, arcuate in shape, has been outlined on the island. The conductor appears to be the eastern terminus of the conductive trend that hosts the Richardson Lake and Crooked Lake Zones on Denison Mines/Virginia Energy’s Hatchet Lake property. A 12-hole, 2,300 metre drill program has been approved by Denison/Virginia for the Richardson-Crooked Lake target and is planned for February of this year. Historic drill holes in the Richardson-Crooked Lake target area have returned uranium and polymetallic base-metal (Co,
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Red Willow East and Carson Lake
The Red Willow East property covers the eastern extension of EM conductors outlined about the Purepoint/Rio Tinto JV Red Willow undertaking. Purepoint has not yet conducted ground exploration in this portion of the property.
The Carson Lake property covers a strong northeast trending conductor that is approximately 10 kilometers in length. Results of historic exploration programs that cover the property will be reviewed with the goal of identifying favourable areas of structural complexity to begin ground-based fieldwork.