"Continuing to make discoveries in the world’s richest uranium region."
Purepoint Uranium Group Inc. (TSXV: PTU) holds six advanced and highly prospective uranium projects in the Athabasca Basin, the world’s richest uranium region. Purepoint operates the flagship Hook Lake Joint Venture, a partnership with two of the largest uranium suppliers in the world, Cameco Corp & Orano Canada. The project lies adjacent to, and on trend with, this century’s largest uranium discoveries: Fission’s Triple R Deposit (indicated mineral resource 102,360,000 lbs. U3O8 at an average grade of 1.82% U3O8) and NexGen Energy’s Arrow Deposit (indicated mineral resource 256,600,000 lbs. U3O8 at an average grade of 4.03%).
Chris Frostad, President & CEO • 35+ years of experience in the development and building a variety of high growth, early stage, public and private companies in both the technology and mining and metals industries. • Served as President & CEO of Minera Alamos Inc (MAI) and director of Victory Capital Corp (VIC) and Enthusiast Gaming Holdings Inc (EGLX) as well as CEO in Resident of Toronto-based Venture Capital Firm.
Scott Frostad, VP Exploration • 30+ years of experience in the mining industry throughout Canada. • A senior exploration geologist with renowned mining companies such as Lac Minerals, Teck and Placer Dome. Prior to co-founding Purepoint, he was Environmental Specialist for Cogema Resources Inc. (now Orano Canada) and managed environmental issues at both the Cluff Lake and McClean Lake Uranium Mines in Northern Saskatchewan.
Purepoint holds a pipeline of six uranium projects in the Athabasca Basin, covering all stages of the exploration cycle.
Its flagship project is the Hook Lake Project, 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. The Hook Lake 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 work to date at the Hook Lake Project as well as the collective discoveries and next steps are detailed in a series of short videos which can be accessed at the links below:
• The Patterson Model - Part 1:
A 4.5-minute video on the Patterson Model
• The Patterson Model - Part 2:
A 5-minute video outlining the recent findings, potential and plans for the Sabre Zone.
• Uranium Tipping Point: The Pending Price Correction:
A 3-minute video
• Uncovering the Patterson Uranium District:
A 5-minute overview of the history of the Patterson Uranium District.
• 2020 Uranium Cost Curve:
A 2-minute video highlighting how COVID-19 has crippled uranium production and seriously eroded the Uranium Cost Curve, moving us closer to the market's long awaited tipping point.