/CNW/ - Purepoint Uranium Group Inc. (the " Company " or " Purepoint ") (TSX: PTU.V) will be hosting a webinar on
Purepoint Uranium to Host a Webinar on November 12, 2019
at 12 pm ET
TORONTO
,
Nov. 6, 2019
/CNW/ - Purepoint Uranium Group Inc. (the "
Company
" or "
Purepoint
") (TSX: PTU.V) will be hosting a
webinar on
November 12, 2019
at
12 pm EST
to discuss the state of the junior uranium exploration market as well as the results of
this week's joint venture meeting for the Hook Lake Project. The Hook Lake Project is owned jointly by Cameco Corp. (39.5%),
Orano Canada Inc. (39.5%) and Purepoint Uranium Group Inc. (21%).
"As a follow-up to our Uranium Investment Thesis from last year, we would like to continue the conversation on what's happening in
the uranium market, with a focus on uranium investors and what junior explorers are doing to meet expectations. During the webinar,
we will also be discussing the results of the latest Hook Lake JV partners meeting and our upcoming program", said
Chris Frostad
,
President and CEO.
To access the webinar, participants will need to register in advance through the following link:
https://zoom.us/webinar/register/5615729674342/WN_zqZZnFzjS_2Dg5NOmN8SIg
After registering, participants will receive a confirmation email containing information about joining the webinar. For those interested
but unable to attend, a video of the webinar will be posted on the Purepoint's website after the webinar is completed.
Hook Lake JV Project
The Hook Lake JV project is owned jointly by Cameco Corp. (39.5%), Orano Canada Inc. (39.5%) and Purepoint Uranium Group
Inc. (21%) as operator and consists of nine claims totaling 28,598 hectares situated in the southwestern
Athabasca
Basin. The
Hook Lake JV is considered one of the highest quality uranium exploration projects in the
Athabasca
Basin due to its location along
the prospective
Patterson Lake
trend and the relatively shallow depth to the unconformity.
Current exploration is targeting the Patterson Lake Corridor that hosts Fission's Triple R Deposit (indicated mineral resource
87,760,000 lbs U
3
O
8
at an average grade of 1.82% U
3
O
8
), NexGen Energy's Arrow Deposit (indicated mineral resource
256,600,000 lbs U
3
O
8
at an average grade of 4.03%) and the Spitfire Discovery by the Hook Lake JV.
About Purepoint
Purepoint Uranium Group Inc. is focused on the precision exploration of its ten projects in the Canadian Athabasca Basin, the
world's richest uranium region. Established in the
Athabasca
Basin well before the initial resurgence in uranium earlier last decade,
Purepoint's flagship project is the Hook Lake Project, a joint venture with two of the largest uranium suppliers in the world, Cameco
Corporation and Orano Canada Inc. The Hook Lake JV is on trend with recent high-grade uranium discoveries including Fission
Uranium's Triple R Deposit, NexGen's Arrow Deposit and Purepoint's Spitfire discovery.
Scott Frostad BSc
, MASc, PGeo, Purepoint's Vice President, Exploration, is the
Qualified Person
responsible for technical content
of this release.
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR
ACCURACY OF THIS RELEASE.
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SOURCE
Purepoint Uranium Group Inc.
View original content to download multimedia:
http://www.newswire.ca/en/releases/archive/November2019/06/c8520.html
%SEDAR: 00020406E
For further information:
Purepoint Uranium Group Inc., Chris Frostad, President and CEO, (416) 603-8368, www.purepoint.ca,
www.twitter.com/purepointU3O8
CO: Purepoint Uranium Group Inc.
CNW 06:30e 06-NOV-19