November 10 2005 – Toronto, November 10, 2005 – Purepoint Uranium Group Inc. (TSX-V:PTU) is pleased to announce that it has commenced MEGATEM II airborne electromagnetic and magnetic surveys on three of the company’s 100 percent owned properties: Umfreville, McEwen Lake and South Newnham.
Approximately 3,000 line kilometres are being flown at a line spacing of 250 metres on these three properties, located in the northeast margin of the Canadian Athabasca Basin in northern Saskatchewan. The MEGATEM II is a deep-penetrating system capable of providing improved resolution of previously identified airborne conductors.
“We are quite excited about the expansion of our exploration program with the commencement of exploration utilizing MEGATEM II on these three significant properties,” said Chris Frostad, President and CEO, Purepoint Uranium Group Inc. “Until now our focus has been on our Turnor Lake and Red Willow properties. In particular, we now consider the area surrounding Umfreville Lake to be a high priority target because of the history behind this property.”
In 1980 Saskatchewan Mining Development Corporation (SMDC) conducted diamond drilling near Umfreville Lake to test geophysical conductors that had been identified by airborne electro-magnetic surveys and later located with surface surveys. Of the four holes drilled, three were abandoned because of broken ground, while one hole (HR-1), intersected the unconformity at 376 metres. All four of the drill holes encountered strong kaolinization and chloritization alteration possibly related to uranium-bearing hydrothermal fluids. A borehole electromagnetic survey on HR-1 indicated that the hole missed the conductor.
Purepoint’s Umfreville claim block is located 27 kilometres west of the town of Black Lake, Saskatchewan and covers approximately 45,800 hectares.
“The other two properties involved in this survey, McEwen Lake and South Newham, are also of great interest to us because of their strategic location in the Basin,” said Frostad.
The McEwen Lake claim is located 13 kilometres west of Stony Rapids, Saskatchewan and covers approximately 5,083 hectares. The property is 17 kilometres west of UEX Corporation’s Hole BL-18. That 2004 hole returned 0.69% uranium over 4.4 metres . The South Newnham claim is 12 kilometres east of the Umfreville property and covers approximately 2,884 hectares.
The MEGATEM II survey results will be reviewed by the Company’s Chief Geophysicist, John Steele, for detailed recommendations.
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 percent 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.