| Risk and valuation analysis of the RED WILLOW Project |
| Status Risk : Early discovery |
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| Title(s) of the RED WILLOW Project |
 | Purepoint Uranium Group Inc.
Owner: 100% |
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| Title | Company Profile | All Projects | Company website | Company project page |
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 | Rio Tinto
Option on interest: 51% |
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| Title | Company Profile | All Projects | Company website | Company project page |
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| -- Rio is currently finalizing plans for a drill program on the property
during the first quarter of 2011
-- Rio may earn a 51% undivided interest in the project by incurring $5
million in expenditures by December 31, 2015;
-- Rio more... |
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| Location of the RED WILLOW Project |
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The Red Willow property consists of eight claims on the eastern edge of the Athabasca Basin.
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| History of the RED WILLOW Project |
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The Red Willow property adjoins AREVA Resource Canada Inc.'s claim group that contains the JEB, Sue and McClean deposits to the west and, to the south adjoins Cameco Corporation's claim group that contains the Rabbit Lake, Collins Bay and Eagle Point deposits.
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| Geology of the RED WILLOW Project |
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The Red Willow project consists of eight claims on the eastern edge of the Athabasca Basin. Proterozoic sandstone on the property is found to cover the Archean and Aphebian basement rocks at depths of 0 to 80 metres. The basement is composed of inten more...
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