February 1 2005 – Purepoint Uranium Corporation has initiated its 2005 exploration program at the Turnor Lake property in the north-east region of the Saskatchewan Athabasca Basin. Purepoint will be conducting nearly two hundred kilometres of Fixed Loop Transient ElectroMagnetics (TEM) and Total Field Magnetics on three distinct grids entitled Turaco, Serin and Laysan.
“Turnor Lake represents one of our more advanced prospects,” said Chris Frostad, President and CEO, Purepoint Uranium Corporation. “Millions of dollars in historic exploration on the property have lead us to three very interesting targets. Pending the outcome of these detailed surveys, we hope to be drilling as early as next winter.”
The Turnor Lake property consists of five contiguous claims totaling 9,705 hectares and is underlain by 150 to 350 metres of Proterozoic sandstone.
Twenty-four kilometres of conductors have historically been outlined by ground geophysics but numerous recommended drilling programs by previous operators were never conducted (Asamera, 1982; SMDC, 1983; 1984; Cogema, 1996). Drilling conducted on the Turnor property to date has intersected graphitic pelites, hydrothermal bleaching and clay alteration.
The Turnor Lake Project is located 12 kilometres east of Cameco Corporation’s high-grade uranium zone at La Rocque Lake. Drilling completed in the winter and summer of 1999 on the La Rocque Lake claims encountered uranium mineralization of 8.2 per cent, 19.1 per cent and 29.9 per cent U308 in three drill holes over 3.6 metres, 2.5 metres and 7.0 metres respectively.
Anomalous uranium was intersected approximately ½ kilometre south of the Turnor Property in Cogema drill hole HLH-48. The underlying basement rocks for this hole consisted of altered, graphitic and pyritic sediments that are highly fractured. The anomalous intercept at 168 metres returned a weighted assay of 0.17 per cent U3O8 over 0.6 metres.
The project is in close proximity to several uranium deposits including Midwest Lake, McClean Lake, Eagle Point, and Collins Bay.
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 Athabasca Basin uranium projects cover 120,000 hectares and are considered high prospect properties that include several near term targets expected to be drill ready for winter 2005/06.