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    Purepoint Uranium: Rio Tinto Commences Drilling at Red Willow Project

    Investing News Network
    Feb. 01, 2011 05:39AM PST
    Company News

    Purepoint Uranium Group Inc. (CVE:PTU) reports that a preliminary winter drilling program has began at its Red Willow project, Saskatchewan’s Athabasca Basin, Canada.

    Purepoint Uranium Group Inc. (TSXV:PTU) reports that a preliminary winter drilling program has began at its Red Willow project, Saskatchewan’s Athabasca Basin, Canada.

    The press release is quoted as saying:

    The program, managed by Rio Tinto under a recently announced option agreement, will initially focus on the Geneva Synform; a high priority target situated SW of the Osprey Zone. 

    Purepoint Uranium’s Vice-President, Scott Frostad says:

    “The geophysical data has provided evidence of large scale faulting including the north-east striking Geneva Fault that cuts three separate conductors.”  “The Geneva Fault is a possible pathway for uranium-rich hydrothermal fluids and will be tested where cross-cutting structures may have formed traps of these fluids”.

    Click here to access the entire news release.

    Click here to access Purepoint Uranium’s company profile.

    tsxv:ptuathabasca basincanada
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