June 15, 2011 – Purepoint Uranium Group Inc. (TSX:PTU.V) announced today the initiation a summer exploration program across six of its projects in Canada’s Athabasca Basin utilizing techniques identified by a syndicated research study submitted last year by the Canadian Mining Industry Research Organization (CAMIRO). Specifically, geochemical surveys will be conducted over drill targets at the Smart Lake, Hook Lake, Turnor Lake, Umfreville North, South Newnham and Henday Lake projects.
“The CAMIRO methodology returned anomalous results over the Osprey Hinge Zone at our Red Willow project where we subsequently intersected a radioactive structure” said Scott Frostad, Vice President Exploration at Purepoint Uranium Group Inc. “We will expand the use of this survey to numerous prospective areas this summer to help us prioritize drill targets for next winter’s drill season”.
In 2009, Purepoint applied the CAMIRO geochemical techniques over three separate targets within the Red Willow Osprey Area. Subsequent drilling confirmed the findings of the geochemical surveys. (see Purepoint press release dated June 1, 2010).
Sample collection will begin later this month and continue through to September. Results will be analyzed and released by October of this year.
In 2006 The Canadian Mining Industry Research Organization (CAMIRO) carried out a scoping study documenting and evaluating the relative effectiveness of methods applied in the past to explore for uranium in the Athabasca Basin. This scoping phase formed the basis for designing field studies to develop new methods and optimize existing ones for the direct detection of uranium deposits along the unconformity of the Athabasca sandstone. Field studies were carried out in 2008 and 2009 and the final report was released in April 2010. All scientific results arising from the Research Project are subject to a confidentiality period ending on March 15, 2013.
Purepoint and other members of Canada’s uranium industry (including Cameco, AREVA, Denison and the Saskatchewan Research Council) sponsored the three year research study. The field samples were collected from the areas overlying the McClean Lake, Cigar Lake West and Dawn Lake uranium deposits in Saskatchewan’s Athabasca Basin.
Purepoint Uranium Group Inc. is focused on the precision exploration of its thirteen projects in the Canadian Athabasca Basin. Purepoint proudly maintains project ventures in the Basin with the three largest uranium producers in the world, Cameco Corporation, AREVA and Rio Tinto. Established in the Athabasca Basin well before the initial resurgence in uranium earlier last decade, Purepoint is actively advancing a 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