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From: The Barracuda™ 5/26/2019 4:19:39 PM    of 18370   Uranium demand increasing From memory but I believe each new reactor requires about 3,000,000 lbs at initial fueling Uranium Stocks | Stock Discussion ForumsShare RecommendKeepReplyMark as Last Read

From: LoneClone 5/29/2019 2:29:02 PM    of 18370   CanAlaska to Drill West McArthur Uranium Target June-September program targets high-grade uranium ca.finance.yahoo.com NewsfileMay 28, 2019 Vancouver, British Columbia--(Newsfile Corp. - May 28, 2019) - CanAlaska Uranium Ltd. (TSXV: CVV) (OTCQB: CVVUF) (FSE: DH7N) ("CanAlaska" or the "Company") is pleased to report that drill and camp contracts have been awarded for the summer drill program at the West McArthur uranium project. The program is intended to locate high-grade uranium hosted in faults along the C10 horizon, the major regional fault structure. Two previous drill holes intersected high-grade uranium - up to 5% U3O8 - just west of the projection of the C10 horizon and near the unconformity contact. CanAlaska believes the controlling structure of this high-grade mineralization has yet to be intersected in drilling. The summer drill program is being operated by CanAlaska, and follows on the three-year target definition by Cameco's drill team. The ten holes drilled along a 1.6 kilometre (one mile) long stretch of Grid 5 included three significant uranium mineralized drill holes. See figure 1. Cannot view this image? Visit: media.zenfs.com Figure 1 To view an enhanced version of this graphic, please visit: orders.newsfilecorp.com The wide spaced drilling also mapped an extensive zone of intense fluid alteration extending into the sandstone above the unconformity with basement rocks. The alteration rises 700 metres above the unconformity and is marked by broad halos of uranium, boron, arsenic and accompanying base metals, typical environments of major uranium deposits in the Athabasca Basin. The alteration and geochemical influx are associated with steep faults observed in the drill holes within the sandstone. The first objective of the drill program by CanAlaska is to locate the mineralized fault structure(s), believed to be very close to drill holes WMA 42 and 42a see figure 2, and further detail at www.canalaska.com. Cannot view this image? Visit: media.zenfs.com Figure 2 To view an enhanced version of Figure 2, please visit: orders.newsfilecorp.com The targets for exploration are where the mineralized structures intersect the C10 horizon, which is one of three key graphitic horizons in the rocks below the unconformity. Flexures (major structure bends) along graphitic horizons are key areas to look for uranium mineralization and uranium deposits. Mineralized targets at West McArthur are associated with this flexure event, where structural complexity likely occurs. CanAlaska President Peter Dasler comments, "The extent of the mineralization and in multiple areas over 1.6 kilometres (one mile) provides the scenario for a "Tier One" mineralizing event similar to the nearby world class McArthur River and Cigar Lake mines. We are fully financed to carry out the work program. This is truly a break-out discovery opportunity for CanAlaska." About CanAlaska Uranium CanAlaska Uranium Ltd. (TSXV: CVV) (OTCQB: CVVUF) (FSE: DH7N) holds interests in approximately 152,000 hectares (375,000 acres), in Canada's Athabasca Basin - the "Saudi Arabia of Uranium." CanAlaska's strategic holdings have attracted major international mining companies. CanAlaska is currently working with Cameco and Denison at two of the Company's properties in the Eastern Athabasca Basin. CanAlaska is a project generator positioned for discovery success in the world's richest uranium district. The Company also holds properties prospective for nickel, copper, gold and diamonds. For further information visit www.canalaska.com. The qualified technical person for this news release is Dr Karl Schimann, P. Geo, CanAlaska director and VP Exploration. On behalf of the Board of Directors "Peter Dasler" Peter Dasler, M.Sc., P.Geo. President & CEO CanAlaska Uranium Ltd. Contacts: Peter Dasler, President Tel: +1.604.688.3211 x 138 Email: info@canalaska.com Cory Belyk, COO Tel: +1.604.688.3211 x 138 Email: cbelyk@canalaska.com Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Forward-looking information All statements included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. These forward-looking statements involve numerous assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. In addition, these statements involve substantial known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will prove inaccurate, certain of which are beyond the Company's control. Readers should not place undue reliance on forward-looking statements. Except as required by law, the Company does not intend to revise or update these forward-looking statements after the date hereof or revise them to reflect the occurrence of future unanticipated events. To view the source version of this press release, please visit newsfilecorp.com Uranium Stocks | Stock Discussion ForumsShare RecommendKeepReplyMark as Last ReadRead Replies (1)

To: LoneClone who wrote (18186) 5/29/2019 2:47:46 PM From: LoneClone    of 18370   NexGen Intersects High-Grade Mineralization in all Twenty A2 and A3 Targets from the 2019 Feasibility Stage Drilling Program newswire.ca NexGen Energy Ltd. May 28, 2019, 06:30 ET Figure 1: Arrow Deposit Drill Hole Locations Figure 2: A2 and A3 Indicated Shells with Mine Schematic and Drill Hole Traces VANCOUVER, May 28, 2019 /CNW/ - NexGen Energy Ltd. ("NexGen" or the "Company") (TSX: NXE, NYSE MKT: NXE) is pleased to report radioactivity for an additional twenty holes comprising 7,969.5 m from the Company's Feasibility stage drilling program at our 100% owned, Rook I property in the Athabasca Basin Saskatchewan. Objective I: Conversion of Indicated Mineral Resources to Measured Category This current phase of the 2019 drilling program is targeting the A2 and A3 High-Grade Domain mine planning sections at a spacing between 9.0 m and 16.7 m. The target spacing incorporates the results of a geostatistical data spacing report compiled by Clayton V. Deutsch from Resource Modeling Solutions based on 189 drill holes, totaling 121,923.15 m, which forms the basis of the Indicated Mineral Resource of 256.6 M lbs at 4.04 % U3O8. All drill holes are collared at a steep inclination, then shallowed out between -55° and -60° before intersecting the target by utilizing the latest in directional drilling technology. Highlights: A2 High-Grade Domains and Sub-zone AR-19-229c2 intersected 46.5 m of total composite mineralization including 12.05 m of total composite off-scale radioactivity (>10,000 to >61,000 cps) within an 86.0 m section (602.0 to 688.0 m); AR-19-229c4 intersected 39.0 m of total composite mineralization including 8.55 m of total composite off-scale radioactivity (>10,000 to >61,000 cps) within an 88.0 m section (578.0 to 666.0 m); AR-19-230c3 intersected 30.5 m of total composite mineralization including 7.55 m of total composite off-scale radioactivity (>10,000 to >61,000 cps) within a 93.0 m section (564.0 to 657.0 m). Additionally, of the 7.55 m of off-scale mineralization intersected in the hole, 0.5 m of massive-to-semi massive pitchblende with minimum-greater-than-61,000 cps; AR-19-235c1 intersected 43.0 m of total composite mineralization including 7.15 m of total composite off-scale radioactivity (>10,000 to >61,000 cps) within a 93.0 m section (517.0 to 610.0 m). Additionally, of the 7.15 m of off-scale mineralization intersected in the hole, 3.0 m of massive-to-semi massive pitchblende with minimum-greater-than-61,000 cps; AR-19-236c2 intersected 26.0 m of total composite mineralization including 6.35 m of total composite off-scale radioactivity (>10,000 to >61,000 cps) within an 89.0 m section (579.0 to 668.0 m. A3 High-Grade Domains AR-19-231c2 intersected 48.0 m of total composite mineralization including 5.75 m of total composite off-scale radioactivity (>10,000 to >61,000 cps) within a 102.0 m section (469.0 to 571.0 m); AR-19-232c3 intersected 26.0 m of total composite mineralization including 5.1 m of total composite off-scale radioactivity (>10,000 to >61,000 cps) within an 89.0 m section (560.0 to 649.0 m). Drill hole locations and schematics are shown in Figures 1 to 2, drilling results can be found in Table 1. Drill hole descriptions can be found at www.nexgenenergy.ca Development, Permitting, Appointments, Activities & Financial Expediting Arrow to Feasibility by a 2-stage (10 rig) high density drilling program focused on mine optimization plans based on Measured and Indicated mineral resources. As reported on April 29, 2019, NexGen received acceptance of the Rook I Project Description (Technical Proposal) by the Canadian Nuclear Safety Commission ("CNSC") and the Saskatchewan Ministry of Environment ("MOE"). The acceptance marked the commencement of an Environmental Assessment ("EA") on the Rook I Project (the "Project") in accordance with the requirements of both The Environmental Assessment Act (Province of Saskatchewan) and the Canadian Environmental Assessment Act, 2012 "CEAA 2012" (Government of Canada). The EA is being conducted through a coordinated process between the MOE and the CNSC, which is the Federal life-cycle regulator for all uranium mine and mill projects in Canada. In addition, NexGen filed an Initial Licence Application with the CNSC under the Nuclear Safety and Control Act in order to obtain a Licence to Prepare Site and Construct for the Project. The Company also announces the appointments of Gillian McCombie, Vice President Human Resources and Arthur Lieu, MSc., P.Eng., Vice President Processing and Metallurgy. Gillian brings over 25 years of experience in human resources in the international mining and telecommunications sectors. Gillian most recently as Vice President Human Resources at Capstone Mining and prior to that with Telus and Placer Dome. Arthur joins NexGen having spent 20 years in mine processing and metallurgy. Most recently, he was the Chief Metallurgist at Cameco's Rabbit Lake mill and Orano's McClean Lake mill. Arthur holds a Bachelor of Science degree in Chemical Engineering and a Master of Science degree in Geochemistry, with a focus on source-term characteristic of uranium waste rock piles at Cameco Key Lake uranium mine. Mr. Lieu is also trained in Lean Six Sigma Black Belt process improvement and optimization. Mr. Lieu is a registered Professional Engineer (P. Eng) with the Association of Professional Engineers and Geoscientists of Saskatchewan (APEGS). The Company had cash-on-hand of approximately $90 million which fully funds NexGen for all drilling, feasibility and development programs planned this year. Leigh Curyer, Chief Executive Officer, commented: "These continuing high grade results received from sections of the ore body focused on the mine plan, highlight the extraordinary high grade and robustness of Arrow. In parallel, the Feasibility-stage engineering, metallurgical and environmental studies are all advancing extremely well, together with permitting and our community programs. I would like to take the opportunity to also welcome Arthur and Gill to the dedicated NexGen team. Two highly experienced and successful professionals in their respective fields joining NexGen at an incredibly exciting time as we begin to see positive signs emerging in the uranium market." Troy Boisjoli, Vice-President, Operations and Project Development, commented: "The continuity of mineralization within the high-grade core of Arrow is remarkable and these results highlight the technical advantages at the Arrow Deposit: mineralization hosted within stacked shear system (allowing holes to intersect multiple targets with one drill hole, minimizing total meterage), stable crystalline basement host rock, and extremely high-grades. These high grade results in all twenty holes will be incorporated into an updated Mineral Resource Estimate which will form the basis of the Feasibility Study, scheduled for release in H1 2020." Table 1: Arrow Deposit Drill Hole Data Drill Hole Athabasca Group - Basement Unconformity Depth (m) Handheld Scintillometer Results (RS-120) Hole ID Azimuth Dip Total Depth (m) From (m) To (m) Width (m) CPS Range AR-19-225c3 327 -65 283 N/A 452.5 454 1.5 <500 - 46000 481 481.5 0.5 <500 - 800 488 490 2 <500 - 700 494.5 498 3.5 <500 - 1050 501 501.5 0.5 <500 - 1200 586.5 602 15.5 <500 - 61000 610 610.5 0.5 <500 - 550 615.5 618.5 3 <500 - 1800 AR-19-229c1 327 -65 693 132.8 473 475 2 <500 - 1200 480.5 481 0.5 <500 - 600 488.5 489 0.5 1000 - 13000 495 495.5 0.5 <500 - 1240 501 502 1 <500 - 41500 504.5 509 4.5 <500 - 20200 511.5 513 1.5 <500 - 4000 516.5 520 3.5 <500 - 19800 522.5 533 10.5 <500 - 61000 535.5 538.5 3 <500 - 49000 543.5 546.5 3 <500 - 61000 549.5 550 0.5 1230 - 61000 570 570.5 0.5 <500 - 540 628.5 634 5.5 <500 - 61000 638 638.5 0.5 <500 - 610 642 645.5 3.5 <500 - 61000 651 675.5 24.5 <500 - 61000 AR-19-229c2 327 -65 309 N/A 494.5 495 0.5 <500 - 700 500.5 501 0.5 <500 - 2150 505 505.5 0.5 <500 - 680 508 508.5 0.5 <500 - 31000 514 514.5 0.5 <500 - 9400 517.5 519 1.5 <500 - 6000 524.5 525.5 1 <500 - 4000 530 536.5 6.5 <500 - 8590 541.5 542.5 1 580 - 52500 545 545.5 0.5 <500 - 3200 550.5 562.5 12 <500 - 61000 574.5 577 2.5 <500 - 2000 625 671.5 46.5 <500 - 61000 AR-19-229c3 327 -65 240 N/A 494.5 496 1.5 <500 - 14900 502 503 1 <500 - 53300 506.5 507.5 1 <500 - 19500 510 510.5 0.5 <500 - 800 513.5 514 0.5 <500 - 1100 517 518 1 <500 - 12100 522 524.5 2.5 <500 - 2800 529 531 2 <500 - 32600 539.5 541.5 2 <500 - 14100 544.5 549.5 5 <500 - 47900 558 561 3 <500 - 61000 563.5 565 1.5 <500 - 14000 571 573 2 <500 - 2100 579 586 7 <500 - 1500 592.5 594.5 2 <500 - 610 629.5 645.5 16 <500 - 61000 648 651.5 3.5 <500 - 4400 654 680 26 <500 - 61000 683 683.5 0.5 <500 - 1350 705 707 2 <500 - 930 711.5 718 6.5 <500 - 1300 AR-19-229c4 327 -65 465 N/A 404 405.5 1.5 <500 - 600 415.5 416 0.5 <500 - 820 464 466 2 <500 - 3150 471.5 472.5 1 <500 - 2300 480 486.5 6.5 <500 - 61000 489 489.5 0.5 <500 - 1300 494 499 5 <500 - 18600 501.5 505 3.5 <500 - 32000 508.5 510.5 2 <500 - 43000 516.5 531.5 15 <500 - 39000 613.5 652.5 39 <500 - 61000 AR-19-230c1 327 -65 651.5 128.35 499 499.5 0.5 <500 - 4800 502 502.5 0.5 <500 - 1200 515.5 522 6.5 <500 - 3200 524.5 532.5 8 <500 - 1700 566 566.5 0.5 <500 - 550 571 572 1 <500 - 1300 577 598.5 21.5 <500 - 61000 603 605.5 2.5 <500 - 1200 608 608.5 0.5 <500 - 1650 611 611.5 0.5 <500 - 1160 622 628.5 6.5 <500 - 1800 631.5 632 0.5 <500 - 6600 AR-19-230c2 327 -65 252.5 N/A 484 484.5 0.5 <500 - 750 496.5 501 4.5 <500 - 50200 522.5 523 0.5 <500 - 575 552 556.5 4.5 <500 - 740 559 563 4 <500 - 1400 570.5 572 1.5 <500 - 620 586 609.5 23.5 <500 - 61000 613.5 614.5 1 <500 - 3200 617 618 1 <500 - 750 621.5 630 8.5 <500 - 15600 636 636.5 0.5 <500 - 970 AR-19-230c3 327 -65 234 N/A 458 458.5 0.5 <500 - 1030 461.5 463.5 2 <500 - 820 474.5 475 0.5 <500 - 680 487 487.5 0.5 <500 - 910 504 504.5 0.5 <500 - 1030 521.5 524 2.5 <500 - 730 561.5 562.5 1 <500 - 1310 567.5 568 0.5 <500 - 510 592 614.5 22.5 <500 - 61000 619.5 623.5 4 <500 - 1280 626.5 628.5 2 <500 - 14500 654.5 655 0.5 <500 - 540 AR-19-231c1 327 -65 564.5 138 466 470.5 4.5 <500 - 14000 487.5 488 0.5 <500 - 500 497 505 8 <500 - 46000 510.5 511 0.5 <500 - 900 515.5 528 12.5 <500 - 58000 AR-19-231c2 327 -65 222.5 N/A 467.5 472.5 5 <500 - 38000 480.5 481 0.5 500 - 7500 485 488 3 <500 - 2700 491 493.5 2.5 <500 - 3100 498.5 499 0.5 500 - 6200 505.5 546.5 41 <500 - 61000 555 555.5 0.5 <500 - 770 AR-19-231c3 327 -65 261.5 N/A 505.5 506 0.5 <500 - 2100 509 523.5 14.5 <500 - 61000 527 528 1 <500 - 650 535.5 557 21.5 <500 - 61000 559.5 560.5 1 <500 - 1400 567.5 568 0.5 <500 - 560 571 571.5 0.5 <500 - 1100 AR-19-232c1 327 -65 642.5 138.8 211.5 212 0.5 <500 - 650 477.5 481.5 4 <500 - 2200 485.5 486.5 1 <500 - 600 493 494 1 <500 - 1700 506.5 507.5 1 <500 - 1450 517 520 3 <500 - 12000 534 537 3 <500 - 24000 544 544.5 0.5 2200 - 51000 548 552 4 <500 - 5300 563.5 565 1.5 <500 - 44000 568 570 2 <500 - 5700 574 574.5 0.5 <500 - 1800 577 577.5 0.5 <500 - 680 580.5 598 17.5 <500 - 23000 601 604 3 <500 - 3600 607.5 609.5 2 <500 - 1200 AR-19-232c2 327 -65 278.5 N/A 454.5 458 3.5 <500 - 2100 486 486.5 0.5 <500 - 660 492 495 3 <500 - 960 516 518.5 2.5 <500 - 7500 531.5 534.5 3 <500 - 14100 539.5 540 0.5 <500 - 5700 550 553 3 <500 - 61000 556 556.5 0.5 <500 - 1350 560.5 564 3.5 <500 - 39000 571 571.5 0.5 <500 - 720 574.5 594 19.5 <500 - 14200 599.5 600 0.5 <500 - 860 AR-19-232c3 327 -65 294.5 N/A 473 473.5 0.5 <500 - 620 483.5 484 0.5 <500 - 840 492 493.5 1.5 <500 - 2100 504.5 505.5 1 <500 - 960 519.5 520 0.5 <500 - 600 530 531.5 1.5 <500 - 31000 552 560.5 8.5 <500 - 61000 563 569.5 6.5 <500 - 17200 572 575.5 3.5 <500 - 15700 580.5 581 0.5 <500 - 690 589 592 3 <500 - 54600 599 599.5 0.5 <500 - 840 606 617.5 11.5 <500 - 61000 620 620.5 0.5 <500 - 1900 AR-19-233c3 327 -65 276.5 N/A 451 456.5 5.5 <500 - 980 459 466 7 <500 - 1500 468.5 469 0.5 <500 - 550 483 490 7 <500 - 43700 498.5 510.5 12 <500 - 17200 514 517.5 3.5 <500 - 1700 520.5 523.5 3 <500 - 3200 536.5 540 3.5 <500 - 1600 542.5 543 0.5 <500 - 600 AR-19-234c1 327 -65 522 127.5 472 491 19 <500 - 61000 AR-19-234c2 327 -65 177 N/A 471.5 503.5 32 <500 - 61000 AR-19-235c1 327 -65 620 132.7 425.5 427 1.5 <500 - 950 440.5 441.5 1 <500 - 4500 452.5 453.5 1 <500 - 660 456.5 462 5.5 <500 - 1300 478.5 479 0.5 <500 - 1400 492.5 509.5 17 <500 - 4500 526 526.5 0.5 <500 - 1200 534 534.5 0.5 <500 - 520 547.5 548 0.5 <500 - 510 563 585 22 <500 - 61000 588.5 590.5 2 <500 - 36000 605.5 606 0.5 <500 - 550 AR-19-236c1 327 -65 660.5 133.95 465 466.5 1.5 <500 - 17500 478.5 479 0.5 <500 - 510 500.5 501 0.5 <500 - 2200 503.5 504 0.5 <500 - 1060 515.5 521.5 6 <500 - 27500 525 525.5 0.5 510 - 1050 529.5 530 0.5 <500 - 630 586.5 587 0.5 <500 - 530 597 597.5 0.5 <500 - 780 600.5 619.5 19 <500 - 61000 624 624.5 0.5 <500 - 850 628.5 629.5 1 <500 - 1200 633.5 634 0.5 <500 - 760 637.5 642 4.5 <500 - 1650 660 660.5 0.5 <500 - 1070 AR-19-236c2 327 -65 321.5 N/A 457 457.5 0.5 <500 - 5000 465 465.5 0.5 <500 - 1170 468.5 469 0.5 <500 - 2650 472.5 474 1.5 <500 - 1300 478 478.5 0.5 <500 - 510 486.5 487.5 1 <500 - 3330 494 494.5 0.5 <500 - 1100 497 497.5 0.5 <500 - 710 502 502.5 0.5 <500 - 1330 509 519 10 <500 - 3770 522.5 530 7.5 <500 - 8900 573 573.5 0.5 <500 - 520 588 589 1 <500 - 610 600 601 1 <500 - 800 608.5 609 0.5 <500 - 510 613 617.5 4.5 <500 - 61000 621 629.5 8.5 <500 - 61000 639 642 3 <500 - 5700 645 650.5 5.5 <500 - 7700 653.5 654 0.5 <500 - 510 669.5 671 1.5 <500 - 5200 Parameters: Maximum internal dilution 2.00 m downhole All depths and intervals are metres downhole, true thicknesses are yet to be determined "Anomalous" means >500 cps (counts per second) total count gamma readings by gamma scintillometer type RS-120 "Off-scale" means >10,000 cps (counts per second) total count gamma readings by gamma scintillometer type RS-120 Where "Min cps" is <500 cps, this refers to local low radiometric zones within the overall radioactive interval Directional drilling has often resulted in mineralization intersected at a more favourable and shallower dip About NexGen NexGen is a British Columbia corporation with a focus on the acquisition, exploration and development of Canadian uranium projects. NexGen has a highly experienced team of uranium industry professionals with a successful track record in the discovery of uranium deposits and in developing projects through discovery to production. NexGen owns a portfolio of prospective uranium exploration assets in the Athabasca Basin, Saskatchewan, Canada; including a 100% interest in Rook I, location of the Arrow Deposit discovered in February 2014, the Bow discovery in March 2015, the Harpoon discovery in August 2016 and the Arrow South discovery in July 2017. NexGen is the recipient of the PDAC's 2018 Bill Dennis Award and the 2019 Environmental and Social Responsibility Award. Technical Disclosure The technical information in this news release with respect to the PFS has been reviewed and approved by Paul O'Hara, P.Eng. of Wood., David Robson, P.Eng., M.B.A., and Jason Cox, P.Eng. of RPA, each of whom is a "qualified person" under National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI-43-101"). The Mineral Resource Estimate was completed by Mr. Mark Mathisen, C.P.G., Senior Geologist at RPA and Mr. David Ross, P.Geo., Director of Resource Estimation and Principal Geologist at RPA. Both are independent Qualified Persons in accordance with the requirements of National Instrument (NI) 43-101 and they have approved the disclosure herein. All other technical information in this news release has been approved by Mr. Troy Boisjoli, Geoscientist Licensee, Vice President – Operations & Project Development for NexGen. Mr. Boisjoli is a qualified person for the purposes of NI 43-101 and has verified the sampling, analytical, and test data underlying the information or opinions contained herein by reviewing original data certificates and monitoring all of the data collection protocols. All other technical information in this news release has been approved by Mr. James Hatley, a Professional Engineer, Senior Vice-President – Project Development for NexGen. Mr. Hatley is a qualified person for the purposes of NI 43-101 and has reviewed the underlying the information or opinions contained herein on mine design. A technical report in respect to the PFS is filed on SEDAR ( www.sedar.com) and EDGAR ( www.sec.gov/edgar.shtml) and is available for review on NexGen Energy's website ( www.nexgenenergy.ca). SEC Standards Estimates of mineralization and other technical information included or referenced in this news release have been prepared in accordance with NI 43-101. The definitions of proven and probable mineral reserves used in NI 43-101 differ from the definitions in SEC Industry Guide 7. Under SEC Industry Guide 7 standards, a "final" or "bankable" feasibility study is required to report reserves, the three-year historical average price is used in any reserve or cash flow analysis to designate reserves and the primary environmental analysis or report must be filed with the appropriate governmental authority. As a result, the reserves reported by the Company in accordance with NI 43-101 may not qualify as "reserves" under SEC standards. In addition, the terms "mineral resource", "measured mineral resource", "indicated mineral resource" and "inferred mineral resource" are defined in and required to be disclosed by NI 43-101; however, these terms are not defined terms under SEC Industry Guide 7 and normally are not permitted to be used in reports and registration statements filed with the SEC. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Investors are cautioned not to assume that any part or all of the mineral deposits in these categories will ever be converted into reserves. "Inferred mineral resources" have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian securities laws, estimates of inferred mineral resources may not form the basis of feasibility or pre-feasibility studies, except in rare cases. Additionally, disclosure of "contained pounds" in a resource is permitted disclosure under Canadian securities laws; however, the SEC normally only permits issuers to report mineralization that does not constitute "reserves" by SEC standards as in place tonnage and grade without reference to unit measurements. Accordingly, information contained or referenced in this news release containing descriptions of the Company's mineral deposits may not be comparable to similar information made public by U.S. companies subject to the reporting and disclosure requirements of United States federal securities laws and the rules and regulations thereunder. Technical Information For details of the Rook I Project including the quality assurance program and quality control measures applied and key assumptions, parameters and methods used to estimate the Mineral Resource please refer to the technical report entitled "Arrow Deposit, Rook I Project Saskatchewan NI 43-101 Technical Report on Pre-feasbility Study" dated effective 5 November, 2018 (the "Rook 1 Technical Report") prepared by Paul O'Hara, P.Eng., Jason J. Cox, P.Eng., David M. Robson, P.Eng., M.B.A., Mark B. Mathisen, C.P.G. each of whom is a "qualified person" under NI 43-101. The Rook I Technical Report is available for review under the Company's profile on SEDAR at www.sedar.com and EDGAR ( www.sec.gov/edgar.shtml) providing details of the Rook I Project including the quality assurance program and quality control measures applied and key assumptions, parameters and methods used to estimate the Mineral Resource and is available on NexGen Energy's website ( www.nexgenenergy.ca). Forward-Looking Information The information contained herein contains "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of applicable Canadian securities legislation. "Forward-looking information" includes, but is not limited to, statements with respect to the activities, events or developments that the Company expects or anticipates will or may occur in the future. Generally, but not always, forward-looking information and statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative connotation thereof. Forward-looking information and statements are based on the then current expectations, beliefs, assumptions, estimates and forecasts about NexGen's business and the industry and markets in which it operates. Forward-looking information and statements are made based upon numerous assumptions, including among others, that the proposed transaction will be completed, the results of planned exploration activities are as anticipated, the price of uranium, the cost of planned exploration activities, that financing will be available if and when needed and on reasonable terms, that third party contractors, equipment, supplies and governmental and other approvals required to conduct NexGen's planned exploration activities will be available on reasonable terms and in a timely manner and that general business and economic conditions will not change in a material adverse manner. Although the assumptions made by the Company in providing forward looking information or making forward looking statements are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate. Forward-looking information and statements also involve known and unknown risks and uncertainties and other factors, which may cause actual results, performances and achievements of NexGen to differ materially from any projections of results, performances and achievements of NexGen expressed or implied by such forward-looking information or statements, including, among others, negative operating cash flow and dependence on third party financing, uncertainty of the availability of additional financing, the risk that pending assay results will not confirm previously announced preliminary results, imprecision of mineral resource estimates, the appeal of alternate sources of energy and sustained low uranium prices, aboriginal title and consultation issues, exploration risks, reliance upon key management and other personnel, deficiencies in the Company's title to its properties, uninsurable risks, failure to manage conflicts of interest, failure to obtain or maintain required permits and licenses, changes in laws, regulations and policy, competition for resources and financing, and other factors discussed or referred to in the Company's Annual Information Form dated March 4, 2019 under "Risk Factors". Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or implied by forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company undertakes no obligation to update or reissue forward-looking information as a result of new information or events except as required by applicable securities laws. SOURCE NexGen Energy Ltd. For further information: Contact Information: Leigh Curyer, Chief Executive Officer, NexGen Energy Ltd., +1 604 428 4112, lcuryer@nexgenenergy.ca, www.nexgenenergy.ca; Travis McPherson, Vice President Corporate Development, NexGen Energy Ltd., +1 604 428 4112, tmcpherson@nexgenenergy.ca, nexgenenergy.ca Related Links nexgenenergy.ca Uranium Stocks | Stock Discussion ForumsShare RecommendKeepReplyMark as Last Read

From: The Barracuda™ 5/30/2019 3:03:46 PM    of 18370   How much interest in uranium? Answer, NONE!! Uranium Stocks | Stock Discussion ForumsShare RecommendKeepReplyMark as Last Read

From: LoneClone 6/5/2019 1:58:54 PM    of 18370   Denison Announces Initiation of Environmental Impact Assessment Process and Execution of MOU with Local Communities for the Wheeler River Project ca.finance.yahoo.com CNW GroupJune 3, 2019 TORONTO, June 3, 2019 /CNW/ - Denison Mines Corp. ("Denison" or the "Company") (DML: TSX, DNN: NYSE American) is pleased to announce that the Canadian Nuclear Safety Commission ("CNSC") and the Saskatchewan Ministry of Environment ("SK MOE") have accepted the Provincial Technical Proposal and Federal Project Description (the "Project Description") submitted by Denison for the In-Situ Recovery ("ISR") uranium mine and processing plant proposed for the Company's 90% owned Wheeler River Project ("Wheeler River" or the "Project"). Denison is also pleased to announce that it has executed a series of Memoranda of Understanding (the "MOUs") with Indigenous communities in support of the advancement of the Project. View PDF version David Cates, President and CEO of Denison commented, "Acceptance of the Project Description by the regulatory agencies is a critical first step for the development of the Wheeler River Project. The Company is excited to continue working with Indigenous communities, regulatory agencies, and the public during the environmental assessment process – to achieve the Company's objectives of advancing Wheeler River through the Environmental Impact Assessment ("EIA"), regulatory approval, and feasibility study processes. Successfully engaging, and entering into MOUs with local Indigenous communities, ahead of the initiation of the EIA process, signals strong support for the advancement of Wheeler River in future years. We look forward to building on the relationships that we've established over the past several years to develop a collaborative vision for the future of the Project." Project Description Acceptance of the Project Description is the first formal step to officially commence the EIA process in accordance with the requirements of both the Canadian Environmental Assessment Act, 2012 (Canada) ("CEAA 2012") and The Environmental Assessment Act (Saskatchewan). The Project Description outlines the major components of the Project and the potential interactions with the environment. The executive summary of the Project Description is available in English, French, Dene and Cree on the Company's website at www.denisonmines.com. The CNSC and the SK MOE are expected to carry out a coordinated Federal-Provincial EIA that will follow the spirit of the Canada-Saskatchewan Agreement on Environmental Assessment Cooperation (2005), to the extent possible. The cooperation agreement allows for the production of a single Environmental Impact Statement for the Project (the "Project EIS"), which is intended to present the findings of the EIA in accordance with the requirements of both levels of government. A successful EIA process is critical to securing the approvals necessary to develop and operate a mine in Canada. The Company identified the EIA process as a key element of the Project's critical path. Accordingly, Denison plans to initiate various studies and assessments as part of the EIA process, which is intended to culminate in the preparation of the Project EIS. The EIA is a planning and decision-making tool, which involves predicting potential environmental effects throughout the project lifecycle (construction, operation, decommissioning and post-decommissioning) at the site, and within the local and regional assessment areas. The EIA objectives are to minimize or avoid adverse environmental effects before they occur and incorporate environmental factors into decision making processes. In addition to predictions made, effective monitoring programs will be developed based on results of the assessments and implemented as part of the "plan, do, check, act" style system for continual improvement and adaptive management. The EIA work builds upon the comprehensive environmental baseline dataset Denison has prepared for the Project, and feedback collected from engagement activities completed to date. Environmental Advantages of the Proposed Wheeler River Project After careful consideration of the strong economic results produced by the Pre-Feasibility Study ("PFS"), prepared in accordance with NI 43-101 for the Project in late 2018, Denison and the Wheeler River Joint Venture ("WRJV") approved plans to initiate the EIA process as well as the engineering studies and related programs required to advance the development of an ISR mining operation, highlighted by the high-grade Phoenix deposit, with an on-site processing plant (see Denison's news release dated December 18, 2018). As outlined within the Project Description, the Company's evaluation of the ISR mining method has identified several significant environmental and permitting advantages – particularly when compared to the impacts associated with conventional uranium mining in Canada. The Project's ISR mining operation is expected to produce no tailings, generate very small volumes of waste rock, and has the potential for low volumes or possibly no water discharge to surface water bodies, as well as the potential to use the existing power grid to operate on a near zero carbon emissions basis. The proposed use of a freeze wall, to encapsulate the ore zone and contain the mining solution used in the ISR operation, streamlines the mining process, minimizes interaction with the environment, and facilitates controlled reclamation of the site at decommissioning. Taken together, the Project has the potential to be one of the most environmentally friendly uranium mining and processing operations in the world. Owing largely to these benefits, engagement with local Indigenous communities, the public, and federal and provincial representatives, to date, has been encouraging regarding the use of ISR mining. Community Support As reported within the Project Description, Denison has executed a series of MOUs, in support of the advancement of the Project, with a number of Indigenous communities who assert that the Project falls partially or entirely within their traditional territories, and where traditional land use activities are currently practiced within the local and regional area surrounding the Project. These non-binding MOUs formalize the signing parties' intent to work together in a spirit of mutual respect and cooperation in order to collectively identify practical means by which to avoid, mitigate, or otherwise address potential impacts of the Project upon the exercise of Indigenous rights, Treaty rights, and other interests, as well as to facilitate sharing in the benefits that will flow from the Project. The MOUs provide a process for continued engagement and information-sharing and establish a platform to identify business, employment and training opportunities for the parties with respect to the Project. About Wheeler River <p class="canvas-atom canvas-text Mb(1.0em) Mb(0)--sm Mt(0.8em)--sm" type="text" content="Wheeler River is the largest undeveloped uranium project in the infrastructure rich eastern portion of the Athabasca Basin region, in northern Saskatchewan – including combined Indicated Mineral Resources of 132.1 million pounds U3O8 at an average grade of 3.3% U3O8, plus combined Inferred Mineral Resources of 3.0 million pounds U3O8 at an average grade of 1.7% U3O8. The project is host to the high-grade Phoenix and Gryphon uranium deposits, discovered by Denison in 2008 and 2014, respectively, and is a joint venture between Denison (90% and operator) and JCU (Canada) Exploration Company Limited (10%)." data-reactid="50">Wheeler River is the largest undeveloped uranium project in the infrastructure rich eastern portion of the Athabasca Basin region, in northern Saskatchewan – including combined Indicated Mineral Resources of 132.1 million pounds U3O8 at an average grade of 3.3% U3O8, plus combined Inferred Mineral Resources of 3.0 million pounds U3O8 at an average grade of 1.7% U3O8. The project is host to the high-grade Phoenix and Gryphon uranium deposits, discovered by Denison in 2008 and 2014, respectively, and is a joint venture between Denison (90% and operator) and JCU (Canada) Exploration Company Limited (10%). <p class="canvas-atom canvas-text Mb(1.0em) Mb(0)--sm Mt(0.8em)--sm" type="text" content="A PFS was completed in late 2018, considering the potential economic merit of developing the Phoenix deposit as an ISR operation and the Gryphon deposit as a conventional underground mining operation. Taken together, the project is estimated to have mine production of 109.4 million pounds U3O8 over a 14-year mine life, with a base case pre-tax NPV of $1.31 billion (8% discount rate), Internal Rate of Return ("IRR") of 38.7%, and initial pre-production capital expenditures of $322.5 million. The ISR operation planned for the Project includes the mining of the Phoenix deposit, which is estimated to have a stand-alone base case pre-tax NPV of $930.4 million (8% discount rate), IRR of 43.3%, initial pre-production capital expenditures of $322.5 million, and industry leading average operating costs of US$3.33/lb U3O8. The PFS is prepared on a project (100% ownership) and pre-tax basis, as each of the partners to the WRJV are subject to different tax and other obligations. " data-reactid="51">A PFS was completed in late 2018, considering the potential economic merit of developing the Phoenix deposit as an ISR operation and the Gryphon deposit as a conventional underground mining operation. Taken together, the project is estimated to have mine production of 109.4 million pounds U3O8 over a 14-year mine life, with a base case pre-tax NPV of $1.31 billion (8% discount rate), Internal Rate of Return ("IRR") of 38.7%, and initial pre-production capital expenditures of $322.5 million. The ISR operation planned for the Project includes the mining of the Phoenix deposit, which is estimated to have a stand-alone base case pre-tax NPV of $930.4 million (8% discount rate), IRR of 43.3%, initial pre-production capital expenditures of $322.5 million, and industry leading average operating costs of US$3.33/lb U3O8. The PFS is prepared on a project (100% ownership) and pre-tax basis, as each of the partners to the WRJV are subject to different tax and other obligations. Further details regarding the PFS, including additional scientific and technical information, as well as after-tax results attributable to Denison's ownership interest, are described in greater detail in the NI 43-101 Technical Report titled "Pre-feasibility Study for the Wheeler River Uranium Project, Saskatchewan, Canada" dated October 30, 2018 with an effective date of September 24, 2018. A copy of this report is available on Denison's website and under its profile on SEDAR at www.sedar.com and on EDGAR at www.sec.gov/edgar.shtml. About Denison Denison is a uranium exploration and development company with interests focused in the Athabasca Basin region of northern Saskatchewan, Canada. In addition to its 90% owned Wheeler River Project, Denison's Athabasca Basin exploration portfolio consists of numerous projects covering approximately 310,000 hectares. Denison's interests in the Athabasca Basin also include a 22.5% ownership interest in the McClean Lake joint venture ("MLJV"), which includes several uranium deposits and the McClean Lake uranium mill, which is currently processing ore from the Cigar Lake mine under a toll milling agreement, plus a 25.17% interest in the Midwest and Midwest A deposits, and a 66.51% interest in the J Zone and Huskie deposits on the Waterbury Lake property. Each of Midwest, Midwest A, J Zone and Huskie are located within 20 kilometres of the McClean Lake mill. Denison is also engaged in mine decommissioning and environmental services through its Denison Environmental Services division and is the manager of Uranium Participation Corp., a publicly traded company which invests in uranium oxide and uranium hexafluoride. Qualified Persons The disclosure of scientific and technical information regarding the Wheeler River Project in this news release was reviewed and approved by Dale Verran, MSc, P.Geo., Pr.Sci.Nat., the Company's Vice President, Exploration, a Qualified Person in accordance with the requirements of NI 43-101. Cautionary Statement Regarding Forward-Looking Statements Certain information contained in this news release constitutes 'forward-looking information', within the meaning of the applicable United States and Canadian legislation concerning the business, operations and financial performance and condition of Denison. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as 'plans', 'expects', 'budget', 'scheduled', 'estimates', 'forecasts', 'intends', 'anticipates', or 'believes', or the negatives and/or variations of such words and phrases, or state that certain actions, events or results 'may', 'could', 'would', 'might' or 'will be taken', 'occur', 'be achieved' or 'has the potential to'. In particular, this news release contains forward-looking information pertaining to the following: development and expansion plans and objectives, including the results of the PFS and plans for the EA and other regulatory and feasibility study processes for Wheeler River; expectations regarding Denison's community engagement and MOUs with local communities; and expectations regarding its joint venture ownership interests and the continuity of its agreements with its partners. Statements relating to 'mineral reserves' or 'mineral resources' are deemed to be forward-looking information, as they involve the implied assessment, based on certain estimates and assumptions that the mineral reserves and mineral resources described can be profitably produced in the future. Forward looking statements are based on the opinions and estimates of management as of the date such statements are made, and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Denison to be materially different from those expressed or implied by such forward-looking statements. Denison believes that the expectations reflected in this forward-looking information are reasonable but no assurance can be given that these expectations will prove to be accurate and results may differ materially from those anticipated in this forward-looking information. For a discussion in respect of risks and other factors that could influence forward-looking events, please refer to the factors discussed in Denison's Annual Information Form dated March 12, 2019 under the heading 'Risk Factors'. These factors are not, and should not be construed as being exhaustive. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking information contained in this news release is expressly qualified by this cautionary statement. Any forward-looking information and the assumptions made with respect thereto speaks only as of the date of this news release. Denison does not undertake any obligation to publicly update or revise any forward-looking information after the date of this news release to conform such information to actual results or to changes in Denison's expectations except as otherwise required by applicable legislation. Cautionary Note to United States Investors Concerning Estimates of Measured, Indicated and Inferred Mineral Resources and Probable Mineral Reserves: This news release may use the terms 'measured', 'indicated' and 'inferred' mineral resources. United States investors are advised that while such terms have been prepared in accordance with the definition standards on mineral reserves of the Canadian Institute of Mining, Metallurgy and Petroleum referred to in Canadian National Instrument 43-101 Mineral Disclosure Standards ("NI 43-101") and are recognized and required by Canadian regulations, the United States Securities and Exchange Commission ("SEC") does not recognize them. 'Inferred mineral resources' have a great amount of uncertainty as to their existence, and as to their economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian rules, estimates of inferred mineral resources may not form the basis of feasibility or other economic studies. United States investors are cautioned not to assume that all or any part of measured or indicated mineral resources will ever be converted into mineral reserves. United States investors are also cautioned not to assume that all or any part of an inferred mineral resource exists, or is economically or legally mineable. References to estimates of mineral reserves in this news release have been prepared in accordance with NI 43-101. The definition of probable mineral reserves used in NI 43-101 differs from the definition used by the SEC in the SEC's Industry Guide 7. Under the requirements of the SEC, mineralization may not be classified as a "reserve" unless the determination has been made, pursuant to a "final" feasibility study that the mineralization could be economically and legally produced or extracted at the time the reserve determination is made. Denison has not prepared a feasibility study for the purposes of NI 43-101 or the requirements of the SEC. Accordingly, Denison's probable mineral reserves disclosure may not be comparable to information from U.S. companies subject to the reporting and disclosure requirements of the SEC. Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/denison-announces-initiation-of-environmental-impact-assessment-process-and-execution-of-mou-with-local-communities-for-the-wheeler-river-project-300860346.html SOURCE Denison Mines Corp. View photos View original content to download multimedia: newswire.ca Uranium Stocks | Stock Discussion ForumsShare RecommendKeepReplyMark as Last ReadRead Replies (1)

To: LoneClone who wrote (18189) 6/5/2019 2:02:25 PM From: LoneClone    of 18370   Purepoint Uranium/Orano/Cameco Plan Next Program at Hook Lake newswire.ca Purepoint Uranium Group Inc. Jun 05, 2019, 06:30 ET TORONTO, June 5, 2019 /CNW/ - Purepoint Uranium Group Inc. (the "Company" or "Purepoint") (TSX: PTU.V) is pleased to discuss the results of a recent Technical Committee meeting of the Hook Lake Joint Venture, a project owned jointly by Cameco Corp. (39.5%), Orano Canada Inc. (39.5%) and Purepoint Uranium Group Inc. (21%). The working session included technical representatives from each company with the purpose of reviewing all data and findings produced to date and developing a common and collective approach to the next stages of the project's advancement. The Hook Lake project lies on the southwestern edge of Saskatchewan's Athabasca Basin and is adjacent to and on trend with recent high-grade uranium discoveries including Fission Uranium's Triple R deposit and NexGen's Arrow deposit. Figure 1: Section HK19-105 (CNW Group/Purepoint Uranium Group Inc.) Figure 2: EM Survey (CNW Group/Purepoint Uranium Group Inc.) Figure 3: Spitfire 3-D Model Interpretation (CNW Group/Purepoint Uranium Group Inc.) Figure 4: Additional Exploration Targets (CNW Group/Purepoint Uranium Group Inc.) "We are very excited that the results of this year's ground electromagnetic (EM) survey have supported our structural interpretation," said Scott Frostad, Vice President Exploration. "We have a new priority drill target in the form of a previously unknown conductive structure that links the Dragon and Spitfire areas." "Only recently have we focused our exploration on the eight km trend lying north-east of our Spitfire discovery" stated Chris Frostad, Purepoint's President & CEO. "Our partners remain confident that numerous opportunities exist for a Tier 1 deposit to be found somewhere across this large project". Highlights: The team identified primary areas of exploration for next stage advancement. In concert with resources from each company, work will begin on assembling detailed plans for each area in order for the committee to agree on priority and budget allotment at the next meeting; Based on what is now an extensive database of drill results, Purepoint will revise their lithological/structural map of the Patterson Lake corridor, an eight kilometre stretch across the property which is proving to be very complex in its make up; The committee will re-convene in the early fall to complete the prioritization of targets and to begin the budget process; Updated maps are now available on the Company's website at c212.net. North Dragon Area As previously reported, the 2019 drilling tested an EM conductor historically named the "W" conductor, which runs approximately 800 metres west of and parallel to the Dragon shear zone. Hole HK19-105 (Figure 1) intersected numerous high-strain-zones, a post-Athabasca fault combined with strong hydrothermal alteration and elevated radioactivity with up to 125 ppm uranium in both the sandstone and basement rocks. The results of HK19-105 are considered to make the area surrounding HK19-105 highly prospective for both unconformity-type and basement-hosted uranium mineralization. Plans will include a follow up to HK19-105 including the re-drilling of Hole HK19-108 which was collared 100 metres northeast of HK19-105 but was lost shortly after the unconformity within strongly clay and hematite altered diorite gneiss at a depth of 438.0 metres. The team will also consider additional geophysical surveys towards the north to define further drill targets. Spitfire/Dragon Geophysical Survey An important discovery during last year's winter drill season was a wide, mineralized graphitic shear running through the Dragon zone that was hydrothermally altered and along the same geophysical trend as the Spitfire discovery. The new structure, identified through drilling, was only evident within select ground geophysical results and currently remains untested for approximately five kilometres between the Spitfire and Dragon zones. During 2019, Discovery International Geophysics of Saskatoon, SK completed 74 kilometres of stepwise moving loop transient EM surveying between the Spitfire and Dragon areas in an effort to define the location and extent of the interpreted structure. The EM survey results identified a previously unseen, strongly conductive shear on trend between the two zones (Figure 2). Appropriate drill testing is now being planned for this highly prospective conductor. Spitfire Deposit The Partnership has developed 3-D modelling interpretations of the extensive drilling completed to date at the Spitfire deposit (Figure 3). The current interpretation shows the potential for deeply rooted mineralized lenses beneath Spitfire similar to the neighbouring Arrow deposit. A plan will be developed to determine the nature and extent of drill testing required to assess the Spitfire mineralization at depth. Drill holes from Spitfire Zone can be viewed at Corebox at: c212.net. Additional Exploration Targets Additional areas of interest by the team include the magnetic low located northeast of Spitfire and southwest of the new EM conductor as well as the complex EM conductor located west-northwest of Spitfire (Figure 4). Hook Lake JV Project The Hook Lake JV project is owned jointly by Cameco Corp. (39.5%), Orano Canada Inc. (39.5%) and Purepoint Uranium Group Inc. (21%) as operator and consists of nine claims totaling 28,598 hectares situated in the southwestern Athabasca Basin. The Hook Lake JV is considered one of the highest quality uranium exploration projects in the Athabasca Basin due to its location along the prospective Patterson Lake trend and the relatively shallow depth to the unconformity. Current exploration is targeting the Patterson Lake Corridor that hosts Fission's Triple R Deposit (indicated mineral resource 87,760,000 lbs U3O8 at an average grade of 1.82% U3O8), NexGen Energy's Arrow Deposit (indicated mineral resource 256,600,000 lbs U3O8 at an average grade of 4.03%) and the Spitfire Discovery by the Hook Lake JV. About Purepoint Purepoint Uranium Group Inc. is focused on the precision exploration of its ten projects in the Canadian Athabasca Basin, the world's richest uranium region. Established in the Athabasca Basin well before the initial resurgence in uranium earlier last decade, Purepoint's flagship project is the Hook Lake Project, a joint venture with two of the largest uranium producers in the world, Cameco Corporation and Orano Canada Inc. The Hook Lake JV is on trend with recent high-grade uranium discoveries including Fission Uranium's Triple R Deposit, NexGen's Arrow Deposit and Purepoint's Spitfire discovery. Scott Frostad BSc, MASc, PGeo, Purepoint's Vice President, Exploration, is the Qualified Person responsible for technical content of this release. THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. SOURCE Purepoint Uranium Group Inc. For further information: Purepoint Uranium Group Inc., Chris Frostad, President and CEO, (416) 603-8368, www.purepoint.ca, www.twitter.com/purepointU3O8 Related Links purepoint.ca Uranium Stocks | Stock Discussion ForumsShare RecommendKeepReplyMark as Last Read