Purepoint Uranium Interprets Strike Length of Spitfire/Harpoon Deposit in Excess of One Half Kilometre and Reports First Successful Results from Dragon Zone
Purepoint Uranium Interprets Strike Length of Spitfire/Harpoon Deposit in Excess
of One Half Kilometre and Reports First Successful Results from Dragon Zone
FOR IMMEDIATE RELEASE
Toronto, Ontario – April 13, 2017 - Purepoint Uranium Group Inc. (the “Company” or “Purepoint”)
(TSX:PTU.V) today provided an update on their successful expansion drilling at the Spitfire Zone and the
encouraging drill results from the Dragon Zone at the Hook Lake JV, a project owned jointly by Cameco
Corp. (39.5%), AREVA Resources Canada Inc. (39.5%) and Purepoint Uranium Group Inc. (21%). The
Hook Lake JV project resides within the Patterson Uranium District, host to recent high-grade uranium
discoveries including Fission Uranium’s Triple R, NexGen’s Arrow and Harpoon and the Hook Lake JV’s
Spitfire.
“We have now correlated the Spitfire and recent Harpoon results to interpret a deposit that bridges the
claim line with our neighbour NexGen,” said Chris Frostad, President and CEO of Purepoint. “In February,
after outlining additional mineralization at Spitfire, the JV Partners prioritized exploration efforts on the
untested portion of the Patterson Shear Zone. Our exploration to date has just scratched the surface and
we have considerable room within the project for more Tier 1 deposits along strike .”
Spitfire High Grade Results
Hole ID From (m) To (m) Width (m) U3O8 (wt %)
HK15-27 389.0 391.8 2.8 2.23
includes 390.4 390.8 0.4 12.9
HK16-37 269.6 275.0 5.5 1.21
includes 269.6 270.2 0.6 9.87
HK16-43 244.05 247.6 3.1 4.07
includes 245.2 245.5 0.3 40.3
HK16-47 216.5 236.6 20.1 0.88
includes 218.4 230.2 11.8 1.32
HK16-52 240 250.0 10.0 1.28
includes 246 250.0 4.0 3.07
HK16-53 237.6 251.9 14.3 7.57
includes 241.6 245.8 1.3 53.3
HK16-55 221.9 231.4 9.5 2.90
includes 227.2 228.7 1.5 13.3
HK17-60 208.2 218.7 11.0 0.47
includes 217.0 217.7 0.7 3.07
New maps and diagrams are now available on our website www.purepoint.ca.
“The Patterson Shear Zone is obviously well endowed with uranium and we are determined to
demonstrate the shear’s potential to host additional high-grade deposits as we move the drills northwest,”
said Scott Frostad, VP Exploration at Purepoint. “We now have a clear understanding of the geology and
structural controls of the high-grade mineralization at Spitfire and have confirmed many of these key
attributes at the Dragon Zone.”
Once again, Purepoint will be hosting a public webinar to present and discuss the results of this program:
When: Wednesday, April 19, 2017 at 12:00 pm ET/ 9:00 am PT
Registration: https://attendee.gotowebinar.com/register/7321475687990018050
Highlights:
The 2017 drill program has currently conducted 9,162 metres of diamond drilling with 20 holes
completed and four holes lost before reaching basement rocks.
The Company is currently making plans to complete the drill program later this year with the
remaining budget;
The Hook Lake JV portion of the Patterson Shear Zone is now separated into five exploration
target areas that are, from southwest to northeast,; The Spitfire Zone, the Hornet Zone, the
Dragon Zone, the Hawk Zone and the Sabre Zone;
The Spitfire Zone has been tested with 28 diamond drill holes, 16 of which are mineralized
including 6 which returned high-grade uranium intervals;
Neighbouring Harpoon results have now been correlated with Spitfire and the strike length of the
Spitfire/Harpoon Deposit is interpreted as being greater than 550 metres (see website longitudinal
section);
Dragon Zone results are promising with the discovery of favourable clay alteration of basement
hosted rocks that host hydrothermal quartz, graphitic shears and elevated radioactivity;
No drilling has yet been completed at the Hawk Zone or the Sabre Zone
Spitfire/Harpoon Deposit
Six drill holes totalling 2,152 metres were completed this season in the Upper Spitfire mineralized zone
with two holes (HK16-55 and HK17-60) returning high-grade uranium intercepts (Purepoint PR of Feb 2,
2017). The three holes testing the Upper Spitfire mineralization down-dip, HK17-57, 58 and 62,
intersected the graphitic shear but it was not associated with radioactivity. One of the six holes, HK17 -64,
targeted the Spitfire graphitic shear on the northern side of an interpreted east-west fault. The HK17-64
hole intersected a major structure but did not intersect the graphitic shear or anomalous radioactivity.
The Spitfire mineralization has been correlated with the recent NexGen results from their Harpoon
discovery (NexGen PR of March 23, 2017) by Purepoint and both a long section and plan map are
available on the Purepoint website. No drilling was conducted by Purepoint during 2017 proximal to the
Harpoon discovery. A review of the recent Spitfire geochemical and televiewer results along with the
recent Harpoon results will be completed before further drilling is recommended for this area.
Dragon Zone
Four drill holes totalling 2,087 metres were completed within the Dragon Zone that is located
approximately 5 kilometres northeast of Spitfire. The initial hole at Dragon, HK17-70, intersected locally
clay altered granodiorite gneiss, strongly hematized mafic intrusive rocks and a 20-metre wide graphitic
shear zone before being completed within a carbonatite intrusive. Radiation spikes were returned from
fractures located approximately 10 metres up-hole of the graphitic shear zone.
Hole HK17-72 was spotted by backing up the drill 80 metres from the HK17-70 collar location as a follow-
up to the anomalous radioactivity and strong clay and chlorite alteration encountered in the basement
rocks of that hole. The unconformity was reached at 310 metres, a strongly clay and chlorite altered
granodiorite gneiss was drilled to 360 metres, mafic intrusive with strong clay and hematite alteration wa s
then encountered to 385 metres followed by 6 metres of hydrothermal quartz. Elevated radioactivity
(100X background) is associated with steeply dipping north-south trending structures (from televiewer
results) between the depths of 378 and 380 metres. Clay-altered granodiorite gneiss was drilled from 391
to 432 metres, and then a mafic intrusive cut by two graphitic shear zones was encountered to 500
metres before the hole was completed within carbonatite at a depth of 530 metres.
Hole HK17-73 was drilled 600 metres northeast along strike of HK17-72 and intersected hydrothermal
quartz, a 100-metre wide shear zone within granodiorite gneiss associated with clay and hematite
alteration, a graphitic shear zone hosted by a mafic intrusive, and was completed within a carbonatite.
HK17-74 was collared approximately 1.2 kilometres southwest of HK17-72 and intersected mafic dykes,
graphitic shear zones and a wide chloritic shear before being completed in unaltered granodioritic gneiss.
Holes HK17-73 and 74 did not encounter anomalous radioactivity.
Drill Hole HK17-75 was a follow-up to the favourable alteration and radioactivity encountered by HK17-72
and was spotted by moving the drill 200 metres southwest along strike from the HK17-72 collar location.
Unfortunately, the hole was lost at a depth of 204 metres within a pressurized sand seam similar to those
present within the Spitfire Zone.
Hornet Zone
Ten holes totalling 3,995 metres were completed within the Hornet Zone this winter. Three drill holes,
HK17-56, 59 and 61, tested the Spitfire Shear along strike to the northeast. The graphitic shear
intersected within these holes was still associated with chlorite altered granodiorite gneiss, however, the
shearing was less well developed, clay alteration was spotty, and radioactivity was limited to weak
gamma spikes associated with narrow cross-cutting fractures. Two drill holes that tested EM conductors
within the large magnetic low anomaly (HK17-63 and 65) intersected relatively narrow, weakly sheared
graphitic units within granodiorite gneiss. The explanation for the magnetic low is now considered to be a
lack of magnetic mafic dykes that are common within the Spitfire Zone. Two holes, HK17-66 and 68,
tested an apparent break in the Hornet EM conductor and encountered unaltered granodiorite gneiss that
hosted graphitic shears with no significant radioactivity. Two holes, HK17-67 and 69, tested the Hornet
EM conductor approximately 800 metres northeast of the Hornet showing and both intersected
hydrothermal quartz and a wide mafic intrusive that hosted graphitic shears associated with weak
radioactivity. One hole, HK17-71, was collared on the northeast shore of a lake (~ 1.1 km NE of HK17-67)
to target a right-step in the EM conductor having the same orientation as the Arrow Deposit. The hole
primarily drilled unaltered granodiorite gneiss and an explanation for the EM conductor at this location
was not intersected. A follow-up hole to test the right-step in the conductor will need to be drilled from
lake ice.
Glossary
eU3O8: a uranium equivalent grade derived from downhole gamma ray logging results and should only be
regarded as an approximation.
Deposit: a natural occurrence of mineral or mineral aggregate, in such quantity and quality to invite
exploitation (CIM Definition Standards, 2003).
Hook Lake JV Project
The Hook Lake JV project is owned jointly by Cameco Corp. (39.5%), AREVA Resources Canada Inc.
(39.5%) and Purepoint Uranium Group Inc. (21%) and consists of nine claims totaling 28,683 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 79,610,000 lbs U3O8 at an average grade of 1.58% U3O8), NexGen Energy’s
Arrow Deposit (indicated mineral resource 179,500,000 lbs U3O8 at an average grade of 6.88%) and the
Spitfire Discovery by the Hook Lake JV.
About Purepoint
Purepoint Uranium Group Inc. is focused on the precision exploration of its seven projects in the
Canadian Athabasca Basin. Purepoint proudly maintains project ventures in the Basin with two of the
largest uranium producers in the world, Cameco Corporation and AREVA Resources Canada Inc.
Established in the Athabasca Basin well before the initial resurgence in uranium earlier last decade.
Purepoint is actively advancing a large portfolio of multiple drill targets in the world's richest uranium
region.
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.
For further information please contact:
Purepoint Uranium Group Inc.
Chris Frostad, President and CEO
(416) 603-8368
www.purepoint.ca