March 22, 2024
Purepoint Uranium Group Inc. (TSXV:PTU, BUY (S), C$0.20 target, David A. Talbot) has initiated an airborne MobileMT survey, including total field magnetic and VLF, at its Russell South uranium project near the southeastern edge of the Athabasca Basin, as a part of its 2024 exploration program (read notable). The 1,064 line-km, ~150m spacing survey is planned to develop four high-value targets, which were identified by previous airborne gravity surveys, into drill targets. The survey is expected to commence in April and results are expected in May, which should inform a drill program plan as well. We also look forward to the results from the ongoing drilling at its 21%-owned Hook Lake JV in Q2/24 (read notable). Significant drill programs are also planned at Turnor Lake and Red Willow, which should provide additional news flow in Q2-Q3/24. Read more
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Purepoint Uranium Group Inc. – TSXV:PTU – 3
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