July 27 2005 – One of the largest drill programs to be carried out by a junior exploration company in the Athabasca Basin this winter 2005/06 was announced today by Purepoint Uranium Group Inc. (TSX-V:PTU).
“The new geophysical discoveries at Purepoint’s Turnor Lake project have prompted us to significantly expand our drilling this coming season,” said John Steele, Chief Geophysicist and Exploration Manager, Purepoint Uranium Group Inc. “We are currently analyzing three geophysical surveys performed at our Red Willow Project and are hopeful that they will also provide similar opportunities.”
Purepoint’s Red Willow project adjoins Cogema’s claim group that contains the JEB, Sue and McClean deposits to the west and, to the south, adjoins Cameco’s claim group that contains the Rabbit Lake, Collins Bay and Eagle Point deposits.
Purepoint is currently planning a 9-10,000 metre drill program on its Turnor Lake and Red Willow Projects during the 2005-2006 winter season. In addition, detailed ground geophysical surveys will be performed on targets at Purepoint’s McEwen, Umfreville and South Newnham properties in preparation for drilling the following year.
“Being established in the Basin since 2002, before the resurgence in uranium, has enabled us to be at the forefront of drilling in the region,” said Chris Frostad, President and CEO, Purepoint Uranium Group Inc. “This early entry into the region, combined with our approach of leveraging existing knowledge has proven to be highly economical, reducing the historic cost of discovery.”
A more detailed discussion of Purepoint properties can be found on the Purepoint web site at www.purepoint.ca.
Purepoint Uranium Corporation is a uranium exploration company driven by intellectual, precision prospecting focusing on distinct, targeted properties with historic significance in the Canadian Athabasca Basin. Currently, Purepoint’s seven, 100% owned, Athabasca Basin uranium projects cover nearly 120,000 hectares and are considered high prospect properties that include several near term targets drill ready for winter 2005/06.