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FOR IMMEDIATE RELEASE
Purepoint Uranium Group Inc: Red Willow structure proves a close match
to Eagle Point
Toronto, December 6, 2007 - Purepoint Uranium Group
Inc. (TSX:PTU.V) released today the conclusions of a comparative analysis
performed at the Saskatchewan Energy and Resources' Precambrian Geological
Laboratory. Diamond drill core from the radioactive structure recently
discovered in the Q Conductor Zone at Purepoint's Red Willow project was
compared to historic core from Cameco's nearby Eagle Point uranium deposit. This
comparison confirmed that the geology surrounding the Q conductor structure
demonstrates a unique set of key features common to those found at the Eagle
Point deposit, including characteristics of the control structure, the
alteration style and the basement host rock.
Discovered in 1980, Cameco's Eagle Point mine lies approximately 15
kilometres south of Purepoint's Red Willow project and remains the longest
producing uranium mine in Canada, with total mined and proven resources of
133 million lbs. U3O8.
Purepoint reported earlier this week the discovery of a wide
mineralized structure in the Q Conductor Zone at Red Willow, with the final
drill hole of this fall's first pass program returning an average grade of
0.20% U3O8 over 5.8 metres, including 1.01% U3O8 over 0.1 meters, starting at
a depth of only 71 metres.
The Precambrian Geological Laboratory in La Ronge, Saskatchewan houses
drill cores principally from mineral deposits, drill prospects and showings
in northern Saskatchewan, including the Athabasca Basin. This core was
assembled over a 25 year period by Dr. Andrew Gracie during his time as
Resident Geologist with Saskatchewan Industry & Resources. Purepoint's
geologists conducted the comparison under the guidance of Dr. Gracie.
"Comparative
analyses such as these are precisely why this Laboratory was created"
said Dr. Gracie. "Purepoint's ability to visually associate core from
known deposits to the geology of Red Willow is an extremely valuable tool for
locating new ore bodies".
In particular, the
Laboratory comparison concluded that the Red Willow discovery and the Eagle
Point deposit share a unique combination of key features, including:
- basement-hosted uranium
mineralization with no overlying Athabasca sediments
- high angle control structure
- radioactive fractures
immediately above and below the uranium bearing zones
- dark chlorite forming a
narrow but strong alteration halo to the radioactive structure
- brick red hematite within the
uranium bearing zones
- mineralization hosted by
graphitic-pyritic gneiss with coarse grained pegmatitic bands
The Red
Willow project 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 project that surrounds the Rabbit Lake, Collins Bay
and Eagle Point deposits.
About Purepoint
Purepoint Uranium Group
Inc. is focused on the precision exploration of more than 42 defined target
areas on its seven 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.
For further
information please contact:
Purepoint Uranium
Group Inc.
Chris Frostad, President and CEO
(416) 603-8368
www.purepoint.ca
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