June 1 2006 – Purepoint Uranium Group Inc. (TSX-V: PTU) announced today the recommencement of drilling at the Turaco Zone of their wholly-owned Turnor Lake Project. Purepoint identified an extensive area of significantly elevated radioactive signatures at this site during the winter 2005/06 drill program.
- 100% of the 12 exploratory drill holes to date returned positive indications of significant nearby uranium deposition
- Summer program to focus on the strongest of three geophysical targets
- $700,000 budgeted for drilling to the end of Q3 2006
- At less than 185 metres in depth, the target is very shallow and should enable completion of a further 15 to 20 diamond drill holes by summer’s end
- Properties surrounding the project are held by Cameco, Areva (Cogema) and International Uranium Corporation. The Turaco Zone is in close proximity to several uranium deposits including Midwest Lake, McClean Lake, Eagle Point, and Collins Bay.
“We are anxious to recommence drilling at Turnor Lake as it is our most advanced project and has produced a consistent series of exploration successes,” said Scott Frostad, Vice President, Exploration, Purepoint Uranium Group Inc. “Our optimism regarding this area could not be higher.”
All of last season’s drill assay results have now been received and reviewed by the company. Those assays confirmed in all material respects the significant uranium mineralization reported in Purepoint’s press release dated April 18, 2006.
The Turnor Lake Project is located 12 kilometres east of Cameco Corporation’s high-grade uranium zone at La Rocque Lake.
A location map of the Turaco Zone with exploration results can be found at: http://www.purepoint.ca/investors/financials.php.
Purepoint Uranium Group Inc. is a uranium focused exploration company with 100 percent ownership of over 250,000 hectares in the Canadian Athabasca Basin. Established in the Basin before the resurgence in uranium, Purepoint is now actively advancing seven key properties of historic significance.