Purepoint Uranium Group Inc: Announces Red Willow Drill Program
December 01 2009 - 8:00AM
Marketwired
Purepoint Uranium Group Inc. (TSX VENTURE: PTU) 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.
Red Willow
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.
About Purepoint
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.
Contacts: Purepoint Uranium Group Inc. Chris Frostad President
and CEO (416) 603-8368 www.purepoint.ca
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