Purepoint Uranium Group Inc operates as a uranium exploration company that focuses on operations in Canada’s Athabasca Basin located in Saskatchewan.
The company also focuses on creating long-term value for its shareholders reportedly.
Purepoint, formed in 2002, is a resource company that engages in high-grade uranium discoveries.
The company manages its project in the Athabasca basin with two firms, nameky Cameco Corporation and Orano Resources Canada Inc, the world largest uranium producers.
It portfolio of Western Athabasca properties includes Hook Lake and Smart Lake properties. In addition,, the Eastern Athabasca Projects consists of the following properties:
• Tabbernor Block
• Russell South Carson Lake
• Red Willow
• Henday Lake
• Turnor Lake
• Umfreville properties
Hook Lake is located in the Patterson Uranium District and lies southwest of Saskatchewan’s Athabasca Basin. It comprises nine claims and covers 28,598 hectares.
The firm has a joint venture interest in the project with Cameco Corporation, holding 39.5 per cent interest, while Orano Canada Inc holding 39.5 per cent interest. Purepoint holds the remaining 21 per cent stake at the property.
Purepoint acquired this project in 2007.
Through a joint venture partnership with Cameco Corporation, the company holds 27 per cent interest in this project, consisting of two claims in 9,860 hectares of area.
The Smart Lake project’s uranium mineralization includes nickel, arsenic, and cobalt deposits, and it is linked with steeply dipping and graphitic-shear area, the firm claims.
It consists of 80 historic mines and gold occurrences with following prospective prospects:
• ColinEagle Project: 8,461 hectares and four claims
• MidBear Project: seven claims in 2,546 hectares
• JebRaven Project: six claims in 14,400 hectares
• Millkey Project: nine claims in 21,661 hectares
The project consists of six claims in an area of 13,320 hectares.
Purepoint wholly owns the Russell South property located in Eastern Athabasca Basin.
The 4,972-hectare property is located on the eastern side of Athabasca Basin and consists of two claims.
The uranium exploration firm has a 100 per cent interest at this property.
Red Willow property consists of 17 mineral claims and covers 40,116 hectares.
Henday Lake consists of two claims in 1,029 hectares of area. It is another wholly owned property of the firm, which is situated approximately nine kilometers northwest of Orano’s Midwest Lake prospect and lies within the Mudjatik-Wollaston Tectonic Zone.