| Risk and valuation analysis of the HOOK LAKE Project |
| Status Risk : Early Discovery |
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| Title(s) of the HOOK LAKE Project |
 | Purepoint Uranium Group Inc.
: 50% |
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| Title | Company Profile | All Projects | Company website | Company project page |
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| Purepoint may acquire an initial 35% ownership interest through the expenditure of $7.5 million over a period of 6 years with the option to participate further to a maximum interest of 50% |
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| Location of the HOOK LAKE Project |
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The Hook Lake Project was staked by UEM in 1997 and consists of six claims totaling 26,051 hectares situated in the southwestern Athabasca Basin approximately 80 kilometers southeast of the former Cluff Lake mine. The depth to unconformity is very shallow, ranging from zero to 350 metres.
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| History of the HOOK LAKE Project |
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Three prospective "corridors" have been defined on the property, each corridor being comprised of multiple conductors that have been confirmed to be the results of graphitic metasediments that intersect the Athabasca unconformity.
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