December 1, 2009 – Purepoint Uranium Group Inc. (TSX:PTU.V) announced today the recommencement of drilling at the Osprey Zone of their wholly-owned Red Willow Project. During last year’s diamond drill program, hole RW-19 returned assay grades up to 3.03% U3O8 in a structure averaging 0.58% U3O8 over 1.0 metre at a shallow depth of less than 100 metres. RW-19 is located approximately 80 metres north from the discovery hole RW-07, which reported 0.20% eU3O8 over 5.8 metres. The Osprey Zone consists of an “S”-shaped electromagnetic conductor that is over 6 kilometres in length.
“In preparation for the Osprey program, our team revisited the drill core and re-interpreted the considerable geophysical data collected over the past four years” said Scott Frostad, Vice President Exploration of Purepoint Uranium Group Inc. “We also completed a soil sampling program this fall to help prioritize our drill targets”.
The company plans to complete approximately 3,000 metres of drilling during a two month program commencing January 2010.
The Red Willow property consists of eight claims on the eastern edge of the Athabasca Basin. The thickness of the Athabasca sandstone varies from 0 to 80 metres and the basement rocks are composed of intensely deformed and metamorphosed sedimentary, volcanic and plutonic rocks trending NE to SW. Five major uranium deposits, JEB, Midwest, Cigar Lake, McArthur River and Millennium, are located along a NE to SW mine trend that extends through the Red Willow Project.
The Red Willow property adjoins AREVA Resource Canada Inc.’s claim group that contains the JEB, Sue, McClean and Caribou deposits to the west and, to the south adjoins UEX’s Hidden Bay property that surrounds Cameco Corporation’s Rabbit Lake, Collins Bay and Eagle Point deposits.
Purepoint Uranium Group Inc. is focused on the precision exploration of more than 55 defined target areas on its eight 100% owned projects in the Canadian Athabasca Basin, and its two Basin projects joint ventured with Cameco Corporation and AREVA Resources Canada Inc. Established in the Basin well before the resurgence in uranium, Purepoint is actively advancing this large portfolio of multiple drill targets in the world’s richest uranium region.
Scott Frostad BSc, MASc, PGeo, Purepoint’s Vice President, Exploration, is the Qualified Person responsible for technical content of this release.
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
For further information please contact:
Purepoint Uranium Group Inc.
Chris Frostad, President and CEO