URANIUM: Hook Lake JV to spend $3M for 2019 exploration

Locations of 2019 drill sections in the Derkson Corridor at Hook Lake. (Image: Purepoint Uranium)

SASKATCHEWAN - The partners in the Hook Lake uranium joint venture have approved a 2019 exploration budget of $3 million. Situated within the Patterson Uranium District, Hook Lake is owned jointly by Cameco Corp. (39.5%), Orano Canada (39.5%) and Purepoint Uranium Group (operator and holder of a 21% interest).

This year's program includes 6,600 metres of diamond drilling by two rigs. Seven holes will test targets along the Patterson Corridor and 10 holes will test the Derkson Corridor, where drilling in 1978 revealed uranium mineralization. A ground geophysical survey and a transient electromagnetic survey are planned.

The Hook Lake property is on trend with recent high grade uranium discoveries including Fission Uranium's Triple R deposit and NexGen's Arrow deposit.

Maps are posted at www.Purepoint.ca.