Purepoint Uranium Initiates Program at 100% Owned Carson Lake Project
Purepoint Uranium Initiates Program at 100%
Owned Carson Lake Project
Toronto, Ontario--(Newsfile Corp. - June 28, 2022) - Purepoint Uranium Group Inc. (TSXV: PTU)
(OTCQB: PTUUF) ("
Purepoint
" or the "
Company
") today announced the commencement of an
airborne gravity/magnetic survey over their 100% owned Carson Lake Uranium Project which lies on the
north-eastern edge of the Athabasca Basin, Saskatchewan, Canada.
The Carson Lake project covers the northeast extension of a major conductive trend that is also present
on Purepoint's Red Willow project. The current airborne gravity survey results will help further define
north-south trending structures and geologic contacts interpreted from prior magnetic survey results.
Interpreted structures that crosscut the conductive trend are considered prospective exploration target
areas as structural complexity may have developed and trapped uranium-rich fluids.
Highlights
Purepoint will be conducting an airborne Gravity Gradiometer, Gravity and Magnetic Survey across
the project.
The survey will cover 390 kilometres of flight at 100 metre spacings.
Results and interpretations should be complete by early July.
Figure 1: Carson Lake Map
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/3218/129199_10d7cc66b43a59a7_002full.jpg
Carson Lake Project
The 100% owned Carson Lake Project is located near the north-eastern edge of the Athabasca Basin
and covers an area of 4,972 hectares.
Exploration is focused on basement-hosted uranium
mineralization targets similar to the Eagle Point deposit situated 50 kilometers south-southwest of
Carson Lake.
About Purepoint
Purepoint Uranium Group Inc. (TSXV: PTU) (OTCQB: PTUUF) actively operates an exploration pipeline
of 12 advanced projects in Canada's Athabasca Basin. In addition to its flagship joint venture project at
Hook Lake with partners Cameco and Orano and a second joint venture with Cameco at Smart Lake,
Purepoint also holds ten, 100% owned projects with proven uranium exploration targets. With an
aggressive exploration program underway on multiple projects, Purepoint is emerging as the preeminent
uranium explorer in the world's richest uranium district.
Scott Frostad BSc, MASc, PGeo, Purepoint's Vice President, Exploration, is the Qualified Person
responsible for technical content of this release.
For more information, please contact:
Chris Frostad, President & CEO
Phone: (416) 603-8368
Email:
For additional information please visit our new website at
https://purepoint.ca
,
our Twitter feed:
@PurepointU3O8
or our LinkedIn page
@Purepoint-Uranium
.
Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of
the Exchange) accepts responsibility for the adequacy or accuracy of this Press release.
Disclosure regarding forward-looking statements
This press release contains projections and forward-looking information that involve various risks and
uncertainties regarding future events. Such forward-looking information can include without limitation
statements based on current expectations involving a number of risks and uncertainties and are not
guarantees of future performance of the Company. These risks and uncertainties could cause actual
results and the Company's plans and objectives to differ materially from those expressed in the forward-
looking information. Actual results and future events could differ materially from those anticipated in such
information. These and all subsequent written and oral forward-looking information are based on
estimates and opinions of management on the dates they are made and expressly qualified in their
entirety by this notice.
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