The discovery of uranium deposits in the Athabasca Basin using boron as a pathfinder was first made at the Key Lake deposit in the late 1970s by a joint venture between Uranerz Exploration and Mining, Saskatchewan Mining Development Corporation, and Eldorado Nuclear, and is one of the largest and highest-grade uranium deposits in the world. Results were presented to the Joint Venture partners on Monday, and plans for follow up drilling are now being developed.īoron - a tracer element for uranium mineralization In addition, the CRT23-05 mineralization was found to be surrounded by a significant boron halo returning greater than 800 ppm B over 35 metres (305-340m) Our neighboring basement-hosted Spitfire uranium discovery also displayed significant boron enrichment that was recognized during its discovery phase.'ĭiamond drill hole CRT23-05 returned an assay of 0.08% U3O8 (671 ppm U) over 0.4 metres (319.1 to 319.5m) from a 15 metre graphitic shear zone (318 to 333m) below the unconformity (283m) 'This discovery of boron associated with uranium in the Carter Corridor is particularly exciting, as boron is a key pathfinder element for uranium deposits. 'Our latest exploration drill hole on the Carter Corridor, CRT23-05, has uncovered a significant 35-metre-wide boron halo surrounding a 0.08% U3O8 uranium intercept over 0.4 metres,' said Scott Frostad, VP Exploration at Purepoint. (39.5%), and Purepoint (21%) and lies on trend with high-grade uranium discoveries including Fission Uranium's Triple R Deposit and NexGen's Arrow Deposit. The Hook Lake Project is a joint venture between Cameco Corporation (39.5%), Orano Canada Inc. ( TSXV: PTU) (OTCQB: PTUUF) ('Purepoint' or the 'Company') announced today the results of its winter drill program at the Hook Lake Joint Venture at the Carter Corridor.

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