Russia takes aim at US nuclear power by throttling uranium
Limits creates potential supply risks to utilities operating American reactors that generate almost a fifth of the country’s electricity.
Toronto-based Purepoint Uranium Group is preparing for the restart of exploration at the Smart Lake joint venture in the southwest portion of the Athabasca Basin. This is a partnership of Purepoint (27%) and Cameco Corp. (73%)
Purepoint has been active at the Hook Lake project and the Patterson Lake corridor. Now it is planning to take its increased understanding of the western Athabasca geological setting and revisit Smart Lake.
The drill core from the original drill campaigns at Smart Lake is to be re-examined and re-logged by a team including members from both Purepoint and Cameco. Purepoint earlier conducted a soil geochemical survey and 2,539 metres of diamond drilling in 10 holes. The drilling intersected a hydrothermally altered, graphitic shear zone that included 13.3 metres of 127 ppm uranium only 200 metres below surface.
This article first appeared in the Canadian Mining Journal
