Posted in | News | Uranium | Mining Business

Purepoint Uranium Group Buys 4,217 Hectare in Forsythe Lake Property

Purepoint Uranium Group Inc. (TSX VENTURE:PTU) reported today that it has staked a 4,217 hectare property near the north-eastern edge of Canada's Athabasca Basin.

The Forsythe Lake property contains known electromagnetic (EM) conductors that extend onto the neighbouring Denison/JNR Bell Lake Project and lies approximately 20 kilometres west of Cameco's La Rocque occurrence (which returned up to 33.9% U3O8 over 5.5 metres).

"We maintain a very active watch for prospective projects that may occasionally come available in the Basin" said Chris Frostad, President & CEO of Purepoint. "As the uranium sector emerges from the recent global economic collapse we are fortunate to be able to add such a promising prospect to our portfolio".

Forsythe Lake

A previous airborne EM and magnetic survey outlined two parallel, east-west striking EM conductors that are associated with a magnetic low and total 10 kilometers in length. The conductors terminate in the west against a very strong, oval shaped magnetic anomaly having an associated increase in conductivity. Modeling of this anomaly suggests that it is located in the basement rocks at a depth of 430 metres, is cylindrical in shape and has a diameter of approximately 1.2 kilometres.

Review of government assessment files show that the Forsythe Lake property has never been drill tested. Initial drill targets will be areas where the EM conductors show evidence of structural disruption, possibly creating traps for uranium-rich hydrothermal fluids. One promising target is where the conductors terminate against the magnetic anomaly, and a second is the location at which the most northern conductor is apparently offset by some 500 metres.

Source:

Purepoint Uranium Group Inc.

Citations

Please use one of the following formats to cite this article in your essay, paper or report:

  • APA

    Purepoint Uranium Group Inc.. (2019, February 18). Purepoint Uranium Group Buys 4,217 Hectare in Forsythe Lake Property. AZoMining. Retrieved on December 08, 2024 from https://www.azomining.com/News.aspx?newsID=2546.

  • MLA

    Purepoint Uranium Group Inc.. "Purepoint Uranium Group Buys 4,217 Hectare in Forsythe Lake Property". AZoMining. 08 December 2024. <https://www.azomining.com/News.aspx?newsID=2546>.

  • Chicago

    Purepoint Uranium Group Inc.. "Purepoint Uranium Group Buys 4,217 Hectare in Forsythe Lake Property". AZoMining. https://www.azomining.com/News.aspx?newsID=2546. (accessed December 08, 2024).

  • Harvard

    Purepoint Uranium Group Inc.. 2019. Purepoint Uranium Group Buys 4,217 Hectare in Forsythe Lake Property. AZoMining, viewed 08 December 2024, https://www.azomining.com/News.aspx?newsID=2546.

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
Your comment type
Submit

While we only use edited and approved content for Azthena answers, it may on occasions provide incorrect responses. Please confirm any data provided with the related suppliers or authors. We do not provide medical advice, if you search for medical information you must always consult a medical professional before acting on any information provided.

Your questions, but not your email details will be shared with OpenAI and retained for 30 days in accordance with their privacy principles.

Please do not ask questions that use sensitive or confidential information.

Read the full Terms & Conditions.