Purepoint Uranium to Provide Drill Program Update at the Red Cloud 2022 Annual Mining Showcase
Purepoint Uranium to Provide Drill Program
Update at the Red Cloud 2022 Annual Mining
Showcase
Toronto, Ontario--(Newsfile Corp. - February 28, 2022) - Purepoint Uranium Group Inc. (TSXV: PTU)
(OTCQB: PTUUF)
("Purepoint"
or the
"Company"
) will be presenting at Red Cloud's Very Pre-PDAC
Mining Showcase that will be held virtually from March 2 - 4, 2022.
Chris Frostad, President and CEO will be presenting
on Wednesday,
March 2, 2022 at 11:40 am ET
.
During this presentation, Mr. Frostad will be discussing the preliminary findings of the current drill
program underway at the Red Willow Project and the ongoing expansion of its Osprey uranium zone.
For more information and/or to register for the conference please visit:
https://redcloudfs.com/prepdac2022/
.
Red Willow Project
The 100% owned Red Willow property is situated on the northern edge of the eastern Athabasca Basin
mine corridor in Northern Saskatchewan, Canada.
The property is located in close proximity to several
uranium deposits including Orano Resources Canada Inc.'s JEB mine, approximately 10 kilometres to
the southwest, and Cameco's Eagle Point mine that is approximately 10 kilometres due south.
Red Willow consists of 17 mineral claims having a total area of 40,116 hectares. Geophysical surveys
conducted by Purepoint have included airborne magnetic and electromagnetic (VTEM) surveys, an
airborne radiometric survey, ground gradient array IP, pole-dipole array IP, fixed-loop and moving-loop
transient electromagnetics, and gravity. The detailed airborne VTEM survey provided magnetic results
that are an excellent base on which to interpret structures while the EM results outlined over 70
kilometres of conductors that in most instances represent favourable graphitic lithology.
A National Instrument 43-101 compliant technical report on the Red Willow project containing Purepoint's
work and analysis to date can be found on the Company's web site at
https://purepoint.ca/projects/red-
willow/
("Technical Report on the Red Willow Project, Northern Saskatchewan, Canada October 16,
2015")
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 rich 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.
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.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/115081