Purepoint Uranium Group Inc: New Targets Defined on Henday Block by VTEM Airborne Survey
June 08 2010 - 8:00AM
Marketwired
Purepoint Uranium Group Inc. (TSX VENTURE: PTU) reported today that
it has completed an airborne electromagnetic survey and initial
interpretation of its 100% owned Henday Block Project in
Saskatchewan Canada's Athabasca Basin. The primary claims are
located nine kilometres northwest of Areva's Midwest Lake deposit
(41 million lbs. U3O8).
The helicopter-borne VTEM35 survey was carried out by Geotech
Ltd. and provided detailed magnetic and electromagnetic data of the
entire Henday Block Project. "The VTEM data shows that the primary
historic EM conductor is actually two parallel conductors separated
by 200 to 300 metres" said Roger Watson, Chief Geophysicist of
Purepoint Uranium Group Inc. "These conductors represent highly
attractive targets as they overlie a magnetic low anomaly that may
be a favourable alteration zone."
Henday Block Highlights:
-- Newly defined EM conductors are on trend with an interpreted East-West
alteration corridor that hosts neighbouring Fission Corp's new J-Zone as
well as Hathor Exploration Limited's Roughrider Deposit and their newly
discovered Roughrider East Zone;
-- 7.5 km of EM conductors outlined by new VTEM survey whereas historic
conductors only totaled 2.9 km;
-- Two strong, parallel, East-West trending EM conductors are associated
with a favourable magnetic low and remain untested;
-- Single historic drill hole on Henday Block is now interpreted to have
tested a weak to moderate strength conductor;
-- The depth to basement is known to be locally less than 350 metres.
The 100% owned Henday Block property is 1,752 hectares in size.
The only historic drill hole on the Henday Block, HLH8-71, was
drilled by Cogema Resources in 1998.
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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