Purepoint Uranium Group Inc.: Commences Airborne Survey at Umfreville North and South Newnham Projects
June 22 2010 - 8:00AM
Marketwired
Purepoint Uranium Group Inc. (TSX VENTURE: 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.
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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