About Hook Lake
Located within the Patterson Uranium District, the Hook Lake is a project owned jointly by Cameco Corporation (39.5%), Orano Canada Inc. (39.5%) (formerly known as Areva Canada Inc.) and Purepoint (21%).
Operated by Purepoint since 2007, the project consists of nine claims totaling 28,598 hectares including the Spitfire high-grade discovery (53.3% U3O8 over 1.3 metres including a 10 metres interval of 10.3% U3O8).
The depth to the Athabasca unconformity is very shallow, ranging from zero to 350 metres. Three prospective structural “corridors” have been defined on the property, each corridor being comprised of multiple EM conductors that have been confirmed by drilling to result from prospective graphitic shear zones
The Patterson Uranium District is a structural corridor situated on the SW edge of Saskatchewan’s Athabasca Basin, interpreted to extend at least 50km, and host to Fission Uranium’s Triple R deposit, NexGen’s Arrow deposit and Purepoint Uranium’s Spitfire discovery.
The Derkson Corridor was the focus of historic exploration efforts to the south-east of Patterson, where SMDC encountered uranium mineralization near the unconformity averaging 0.24% U3O8 and 1.35% Ni over 2.5 metres in 1978. Drill holes along this trend encountered very encouraging clay basement alteration but were typically completed only 30 to 40 metres past the unconformity. Based on the geologic setting of the Patterson Corridor mineralization, it is considered that the historic shallow drilling along the Derkson Corridor did not properly test for basement-hosted uranium deposits.