Hook Lake JV partners approve 2020 exploration budget
The partners in the Hook Lake project, in Saskatchewan's Athabasca basin, have approved an exploration budget of C$2-million for 2020, with exploration set to begin this winter.
The Hook Lake project is a joint venture (JV) between Cameco (39.5%), Orano Canada (39.5%) and Purepoint (21%) in the Patterson uranium district, which hosts Fission Uranium's Triple R deposit and NexGen's Arrow deposit.
The approved 2020 exploration programme would include 3 500 m of diamond drilling, about seven holes, and a geophysical survey, Toronto-listed Purepoint reported on Tuesday.
The diamond drilling would continue to test high-priority targets along the Patterson corridor including a conductive shear on trend between the Spitfire Zone and the Dragon area, follow-up testing of the Hornet Zone conductor, and new geophysical targets along the "W" conductor.
Purepoint said that a ground electromagnetic survey would be conducted over the Patterson corridor, along the "W" conductor, northeast of the encouraging drill hole HK19-105.
Fission's Triple R deposit has an indicated mineral resource of 87.76-million pounds of U3O8 at an average grade of 1.82% U3O8 and NexGen Energy's Arrow deposit has an indicated mineral resource of 256.6-million pounds at an average grade of 4.03%.
Comments
The
content
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation