Purepoint Uranium Group Inc. (TSXV: PTU) today released an update on their drilling program at the company’s Red Willow project within the Geneva zone within the Athabasca Basin of Saskatchewan.
For the 2021 drill program, the company focused on the Geneva Shear, where three holes averaged 245 metres in length with an aggregate 729 metres of drilling being completed from the same drill pad. Full assay results are expected to be released once received.
The company highlighted the following results:
Sponsored · First Phosphate Corp.
- Hole GEN21-03 yielded 520 counts per second (cps) on average, over 6.1 metres at a depth of 131.8 metres. The survey saw a maximum of 1,160 cps.
- Hole GEN21-04, a follow up hole for the previously mentioned, intersected at 278 metres returning 515 cps on average over 1.6 metres.
- Hole GEN21-05, intersected at a depth of 155 metres, returned 1,420 cps on average over 7.3 metres and topped out at 5,175 cps.
The company also reported that its next priority at the Geneva Zone will be to track the radioactive shear further to the southwest. Purepoint said their next step is underway with the drill now being relocated to the Umfreville project, where its inaugural drill program is set to commence upon arrival.
Purepoint Uranium Group Inc. last traded on the TSXV at $0.11.
Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
