Purepoint Uranium Group Inc. announced the completion of its winter drill program at the Hook Lake Joint Venture at the Carter Corridor. The Hook Lake Project is a joint venture between Cameco Corporation (39.5%), Orano Canada Inc. (39.5%), and Purepoint (21%) and lies on trend with high-grade uranium discoveries including Fission Uranium's Triple R Deposit and NexGen's Arrow Deposit. 2,710 metres of diamond drilling were completed in six holes to test the Carter Corridor.

CRT23-05 returned peak radioactivity of 8,850 counts per second (cps) with three intervals of anomalous radioactivity over 34.8 metres that included 0.9 metres at 3,950 cps and 2.2 meters at 1,660 cps. CRT23-06, a 100 metre step out from CRT23-05 towards the south, returned peak radioactivity of 3,225 cps from an anomalous radioactive zone averaging 1,745 cps over 3.1 metres. The Carter corridor is a long-lived, reactivated graphitic fault zone that lies between the Clearwater Domain granitic intrusive rocks to the west and runs parallel to the Patterson structural corridor to the immediate east.

The 25-kilometre strike length of the Carter structural/conductive corridor is almost entirely located within the Hook Lake JV project. Drill hole CRT23-05 targeted a Stepwise Moving Loop Electromagnetic conductor and encountered the unconformity at a depth of 280m. The hole intersected a sheared/faulted chlorite-altered, graphitic diorite gneiss over 15 metres before encountering 5 metres of intense clay alteration.

The graphitic shear featured elevated radioactivity, including 3,950 cps over 0.9m from 318.9 to 319.8m and 1,660 cps over 2.2m from 330.5 to 332.7m from the downhole probe. The handheld spectrometer showed the radioactivity to be almost totally sourced from uranium. Drill hole CRT23 - CRT23-06 was collared on the same pad as CRT23-05 using a similar dip of -60 but with theazimuth swing 34 degrees toward the south.

The target represents a 100-metre step out from the CRT23-05 graphitic shear zone intercept. The hole intersected a 35 m sheared/faulted graphitic diorite gneiss interval from 309m to 344m before being completed at 404 m. The handheld spectrometer gneiss interval from 309m to 344m before being completed at 404 m. The handheld spectrometer drilling should test the area north of CRT23-05.