Purepoint Uranium Group Inc. today reported that the strongest mineralized interval drilled to date within the Spitfire Zone has been intersected by hole HK16-43 returning downhole probe results of 1.7% eU3O8 over 31.2 metres including 13.3% eU3O8 over 2.2 meters. Purepoint is the operator of the Hook Lake project on behalf of its Joint Venture partners Cameco Corp. and AREVA Resources Canada Inc. The new HK16-43 mineralized intercept is situated only 220 metres below surface and represents a 25 metre up-dip step-out from the HK16-37 mineralization. The structure hosting high-grade uranium at Spitfire is currently being chased to shallower depths, said Scott Frostad, V.P. Exploration at Purepoint.
We are zeroing in on where the mineralized structure meets the unconformity to test for unconformity-related uranium deposition. The recent HK16-43 high-grade intercept is only 220 meters from surface and is located 25 meters up-dip from the high-grade intercept by hole HK15-37. The mineralized structure has yet to be tested where it meets the unconformity and may also be associated with unconformity-related uranium deposition. It is emphasized that the downhole calibrated gamma probe results (eU308) are preliminary and subject to confirmation by geochemical assay. Geochemical assays for hole HK16-37 are now available and returned 0.69% U3O8 over 9.9 meters including 9.9% U3O8 over 0.6 meters. The downhole probe results for HK16-37 were provided in the Purepoint press release dated February 2nd, 2016 with an estimate of 0.67% eU3O8 over 10.1 meters that included 9.2% eU3O8 over 0.6 meters.
Drill hole HK16-43 was collared 28 metres north-northwest of HK15-37 (0.69% U3O8 over 9.9 meters including 9.9% U3O8 over 0.6 metres) and drilled with an azimuth of 295 degrees and dip of -80 degrees. Overburden was cased to a depth of 101 meters, and then a non-coring bit was used to drill to the unconformity at 156 meters.
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