Purepoint Uranium Group Inc. (TSXV:PTU) it has started a uranium exploration program for Rio Tinto (NYSE:RIO) at the Red Willow project.
As quoted in the press release:
- Approximately 1,600 metres of diamond drilling on targets within the Osprey (intercepts up to 0.20% eU3O8 over 5.8 metres) and Geneva areas (intercepts up to 0.22% U3O8 over 1.0 metres);
- A gravity survey in the Geneva area and a portion of the Radon area is designed to infill and extend the known gravity low targets that are potential zones of hydrothermal alteration.
Purrepoint’s Vice President of Exploration, Scott Frostad said:
A gravity survey is underway at the Geneva Area while drilling will begin shortly at the Osprey Area. After the first two holes are complete, our intention is move the drill to Geneva for an additional two holes.