June 22, 2010 – Purepoint Uranium Group Inc. (TSX-V:PTU) is pleased to announce that it is commencing a High Resolution Gradient Aeromagnetic and XDS VLF-EM survey on two of the company’s 100 percent owned properties: Umfreville North and South Newnham.
Approximately 1,100 line kilometres are being flown on these two properties that are located in the northeast margin of the Canadian Athabasca Basin in northern Saskatchewan. The airborne geophysical equipment will include the XDS/VLF – EM System and three high sensitivity cesium vapour magnetometers. The XDS VLF-EM is a proprietary electromagnetic measurement system developed by Terraquest Ltd. that typically responds to large faults or shear zones, and to graphitic formational conductors.
The Umfreville North property (1 claim covering 5,460 hectares) is transected by the major north-northwest trending Fond du Lac Fault. Interpretation of results from an airborne gravity survey indicates the presence of fault systems not seen in previous geology maps and also supported fault systems previously interpreted from magnetic features. Two large areas interpreted to contain crosscutting structures have been named the Porcupine and Perching Zones. It is anticipated that the high resolution aeromagnetic and XDS VLF-EM survey data will help define precise structural targets for follow-up investigation by field crews.
The South Newnham property (1 claim covering 2,884 hectares) was staked by Purepoint because of the presence of the significant N-S Newnham fault coincident with a magnetic low. The Newnham fault was considered a possible conduit for uraniferous fluids, while the magnetic low suggested metapelite rocks. During July 2007, a helicopter-borne high resolution radiometric (gamma-ray spectrometry) survey was completed over the Newnham South property and outlined five significant anomalies with uranium radiation counts well above background values. Two east-west faults have been interpreted to crosscut the Newnham Fault and the northern EW fault is thought to be a possible source area for two of the radiometric anomalies (refer to map of South Newnham Lake Project on Purepoint’s website). This summer’s airborne geophysical survey will provide further details of the east-west faults and where they intersect the Newnham fault.
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