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Purepoint Uranium ( (TSE:PTU) ) has issued an announcement.
Purepoint Uranium Group Inc. has conducted recent ground electromagnetic surveys at the Smart Lake Joint Venture project, refining high-priority drill targets along the Groomes Lake Conductor. With drilling scheduled to begin in mid-March, the surveys revealed three discrete parallel EM conductors, indicating highly prospective drill targets. The upcoming drill program aims to build on the encouraging results from the initial 2008 drill campaign, where uranium mineralization was found, and will target the northern Groomes Lake area. Despite previous exploration delays, the Smart Lake project remains a high-priority target, with strong EM conductors and structural similarities to high-grade uranium deposits in the Athabasca Basin, presenting a significant opportunity for discovery.
More about Purepoint Uranium
Purepoint Uranium Group Inc. is involved in the uranium exploration industry, focusing on identifying and developing high-priority uranium targets. The company operates primarily in the Athabasca Basin in Saskatchewan, Canada, through joint ventures, with a market focus on discovering uranium mineralization.
YTD Price Performance: -4.35%
Average Trading Volume: 44,247
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$14.14M
Learn more about PTU stock on TipRanks’ Stock Analysis page.
