Purepoint Initiates Field Program Utilizing CAMIRO Technology
June 15 2011 - 8:00AM
Marketwired
Purepoint Uranium Group Inc. (TSX VENTURE: PTU) 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 positive 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. "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.
CAMIRO
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.
About Purepoint
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.
Contacts: Purepoint Uranium Group Inc. Chris Frostad President
and CEO (416) 603-8368 www.purepoint.ca
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