Purepoint Uranium Outlines Drill Targets at Umfreville Project with Recent Ground Gravity Survey

Purepoint Uranium Group (the “Company” or “Purepoint”) (TSX VENTURE:PTU) today reported the results of a ground gravity survey conducted at its 100% owned Umfreville project in the northeast area of Canada’s Athabasca Basin in Northern Saskatchewan.
Scott Frostad, Vice President Exploration, Purepoint Uranium Group, said:

“We believe that newly identified gravity lows represent areas of hydrothermal alteration that are associated with previously interpreted faulting and a strong uranium-in-soil anomaly. This survey has now provided well defined, high priority targets at Umfreville that are ready for drilling.”

Highlights:

• Ground gravity results from the Perching Zone show a pronounced gravity low response that is considered to represent hydrothermal alteration
• The low gravity response coincides with a multi-element soil geochemical anomaly that includes uranium, nickel, molybdenum and vanadium values, the strongest geochemical anomaly returned during a 2011 survey;
• Perching Zone is now considered a high-priority drill-ready uranium exploration target with clearly defined structures, geophysical signatures representative of hydrothermal alteration and favourable soil geochemistry results; and
• Location of Perching target area is supported by a historic uranium geochemical anomaly outlined by the Saskatchewan Department of Mineral Resources in 1976.

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