Purepoint Mobilizing for Summer Uranium Drill Program at Dorado Project - Eastern Athabasca Basin

Purepoint Mobilizing for Summer Uranium Drill Program at Dorado Project - Eastern Athabasca Basin

Purepoint Uranium Group Inc. (TSXV: PTU) (OTCQB: PTUUF) ("Purepoint" or the "Company") is pleased to announce that mobilization is underway for the upcoming summer uranium drill program at its Dorado Project, part of the Purepoint-IsoEnergy Joint Venture in Saskatchewan's eastern Athabasca Basin. Drilling is scheduled to commence on or about May 26, 2025.

The Dorado Project covers over 150 kilometres of discreet electromagnetic (EM) conductors that lie within the Dorado Graphitic Domain-a structurally controlled package of conductive, graphite-rich rocks (Figure 1). The Dorado Domain encompasses the northeastern extension of the Larocque Trend, a highly prospective structural corridor that hosts multiple high-grade uranium deposits and occurrences, including IsoEnergy's Hurricane Deposit-recognized as the world's highest-grade published indicated uranium resource, with 48.6 million pounds at 34.5% U₃O₈ (https://www.isoenergy.ca/featured-project/). At Dorado, these graphitic rocks bifurcate and wrap around a granitic dome that is considered an important component in the original plumbing system that once directed the flow of uranium-bearing hydrothermal fluids.

The 2025 drill campaign will include approximately 5,400 metres across 18 holes, targeting high-priority EM conductors for uranium mineralization within the underexplored Dorado Graphitic Domain.

Highlights

  • Mobilization underway for Dorado Project drill campaign
  • Drilling scheduled to begin May 26, 2025
  • 5,400 metres of drilling planned across 18 holes
  • Targeting discreet ground/airborne EM conductors for uranium mineralization within the Dorado Graphitic Domain
  • Same conductive package that hosts IsoEnergy's Hurricane Deposit
  • Results from the recently completed Smart Lake JV drill program are under joint review and will be released shortly

"IsoEnergy's nearby success continues to reaffirm the world-class uranium potential of the Dorado Graphitic Domain and this region of the Athabasca Basin," said Chris Frostad, President & CEO of Purepoint. "The Hurricane Deposit is hosted within the same conductive package of graphitic rocks that arc around a granitic dome on our Dorado Project. We are excited to launch our initial JV drill program with a focus on high-priority target areas and advance what we believe could be the next major discovery within this fertile graphitic domain."

Initial 2025 Drilling Focus

The summer drill campaign will begin in the southern portion of the project area along the Q2 conductor, where the first two drill holes will test a zone northeast of historic drill holes HL-50 and HL-76, both of which intersected uranium mineralization associated with a strong graphitic conductor.

  • HL-50 intersected weak mineralization within fractured upper basement rocks returning 2.3% U3O8 over 0.6 metres within a zone of strong hematization and anomalous nickel and vanadium, up to 222 ppm and 400 ppm (total digestion), respectively (Alonso et al., 1991).
  • Approximately 1.6 kilometres along strike to the northeast of HL-50, drill hole HL-76 encountered a mineralized, flat-lying, graphitic breccia at 267 metres that returned 0.65% U3O8 over 0.1 metres (Munholland and Bingham, 1999).

Cannot view this image? Visit: https://images.newsfilecorp.com/files/3218/252649_c481e9cfb4309bcf_002.jpg

Figure 1: Dorado Graphitic Domain - 2025 Initial Drill Target Area

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3218/252649_c481e9cfb4309bcf_002full.jpg

About the Dorado Project

Dorado is the flagship project of the Purepoint-IsoEnergy 50/50 Joint Venture, a partnership encompassing more than 98,000 hectares of prime uranium exploration ground. The Dorado Project now includes the former Turnor Lake, Geiger, Edge, and Full Moon properties, all underlain by graphite-bearing lithologies and fault structures favorable for uranium deposition.

Recent drilling by IsoEnergy east of the Hurricane Deposit has intersected strongly elevated radioactivity in multiple holes. The anomalous radioactivity confirms the continuity of fertile graphitic rock package and further highlights the opportunity for additional high-grade discoveries across the region.

The shallow unconformity depths across the Dorado property-typically between 30 and 130 metres-allow for highly efficient drilling and rapid follow-up on results.

Cannot view this image? Visit: https://images.newsfilecorp.com/files/3218/252649_c481e9cfb4309bcf_003.jpg

Figure 2

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3218/252649_c481e9cfb4309bcf_003full.jpg

Smart Lake Program Results Pending

In parallel with preparations at Dorado, Purepoint is finalizing the results of its recently completed winter drill program at the Smart Lake Joint Venture with Cameco. The program conducted first-pass drilling of the newly outlined Groomes Lake conductive corridor with 3 completed holes. Initial results and interpretations have been reviewed with Cameco, and the final results will be released shortly.

About Purepoint

Purepoint Uranium Group Inc. (TSXV: PTU) (OTCQB: PTUUF) is a focused explorer with a dynamic portfolio of advanced projects within the renowned Athabasca Basin in Canada. The most prospective projects are actively operated on behalf of partnerships with industry leaders including Cameco Corporation, Orano Canada Inc. and IsoEnergy Ltd.

Additionally, the Company holds a promising VMS project currently optioned to and strategically positioned adjacent to and on trend with Foran Mining Corporation's McIlvenna Bay project. Through a robust and proactive exploration strategy, Purepoint is solidifying its position as a leading explorer in one of the globe's most significant uranium districts.

Scott Frostad BSc, MASc, P.Geo., Purepoint's Vice President, Exploration, is the Qualified Person responsible for technical content of this release.

For more information, please contact:

Chris Frostad, President & CEO
Phone: (416) 603-8368
Email: cfrostad@purepoint.ca

For additional information please visit our new website at https://purepoint.ca, our Twitter feed: @PurepointU3O8 or our LinkedIn page @Purepoint-Uranium.

Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this Press release.

Disclosure regarding forward-looking statements

This press release contains projections and forward-looking information that involve various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of the future performance of the Company. These risks and uncertainties could cause actual results and the Company's plans and objectives to differ materially from those expressed in the forward-looking information. Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and expressly qualified in their entirety by this notice.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/252649

News Provided by Newsfile via QuoteMedia

PTU:CA
Purepoint Uranium

Purepoint Uranium Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

The Conversation (0)
Purepoint Uranium (TSXV:PTU, OTCQB:PTUUF)

Purepoint Uranium


Keep reading...Show less

Backed by Industry Leaders. Built for Large-Scale Exploration

Purepoint Commences First-Pass Drilling at District-Scale Tabbernor Project

Purepoint Commences First-Pass Drilling at District-Scale Tabbernor Project

Purepoint Uranium Group Inc. (TSXV: PTU,OTC:PTUUF) (OTCQB: PTUUF) ("Purepoint" or the "Company") today announced the launch of its inaugural drill program at the 100%-owned Tabbernor Project, located on the southeastern edge of Saskatchewan's Athabasca Basin. The 1,500-metre program will test five drill targets distributed across two of the three high-priority areas defined within a 60-kilometre-long corridor of graphitic conductors. These targets were identified following extensive geophysical and structural interpretation work (see Purepoint News Release, February 24, 2025).

"Tabbernor hosts a highly underexplored structural corridor in the Basin district with scale, structure, and proximity to known mineralization," said Chris Frostad, President and CEO of Purepoint. "We've spent the past two years systematically preparing to test this largely untouched corridor, and this program marks our first step in defining its potential. Our goal is to prioritize areas for more focused drilling in the years ahead."

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
IsoEnergy and Purepoint Intersect up to 8.1% U3O8 at Dorado Project

IsoEnergy and Purepoint Intersect up to 8.1% U3O8 at Dorado Project

IsoEnergy Ltd. (NYSE American: ISOU) (TSX: ISO) ("IsoEnergy") and Purepoint Uranium Group Inc. (TSXV: PTU,OTC:PTUUF) (OTC: PTUUF) ("Purepoint") today announced the receipt of partial assay results from the summer drill program at the companies' 5050 joint venture Dorado Project (the " Dorado Project "), located on the southeastern margin of Saskatchewan's Athabasca Basin. The highlight comes from drill hole PG25-07A, which returned 2.1 metres grading 1.6% U₃O₈, including 0.4 metres at 8.1% U₃O₈ and an additional 4.9 metres at 0.52% U₃O₈ representing the most significant assay intervals reported to date from the Nova discovery zone (see Table 1 below).

"Eight percent uranium is an excellent grade from the centre of the very strong radioactive interval drilled by hole 7A," said Chris Frostad , President and CEO of Purepoint Uranium. "These assays reinforce the strength of this newly discovered system and provide a solid anchor point as we continue to test the mineralized structure in all directions."

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Purepoint Uranium Closes Final Tranche of $6 Million Private Placement

Purepoint Uranium Closes Final Tranche of $6 Million Private Placement

Purepoint Uranium Group Inc. (TSXV: PTU,OTC:PTUUF) (OTCQB: PTUUF) ("Purepoint" or the "Company") announces the closing of the final tranche of its previously announced private placement (the "Private Placement") comprising of a combination of:

  • 5,768,824 Saskatchewan charity flow through units (the "SK Flow Through Units") at a price of $0.65 per unit for aggregate gross proceeds of $3,749,735.60; and
  • 3,041,295 National charity flow through units (the "NT Flow Through Units", together with the SK Flow Through Units, the "Flow Through Units") at a price of $0.59 per unit for aggregate gross proceeds of $1,794,364.05.

"This final tranche not only completes our raise but strengthens our alignment with IsoEnergy and reinforces our shared commitment to long-term uranium discovery in the Basin," said Chris Frostad, President & CEO of Purepoint. "With exploration now underway across several properties, this financing ensures we can move into the fall and winter seasons with both momentum and flexibility."

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Purepoint Uranium Sets Final Size of Private Placement at $6 Million

Purepoint Uranium Sets Final Size of Private Placement at $6 Million

Purepoint Uranium Group Inc. (TSXV: PTU,OTC:PTUUF) (OTCQB: PTUUF) ("Purepoint" or the "Company") announces that it has set the final size of its previously announced non-brokered flow-through private placement (the "Offering") at $6,000,000. The book is now fully subscribed, and no further subscriptions will be accepted.

The Offering will now be comprised of a combination of the following:

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Purepoint Uranium Increases Flow-Through Private Placement to $5,000,000

Purepoint Uranium Increases Flow-Through Private Placement to $5,000,000

Purepoint Uranium Group Inc. (TSXV: PTU,OTC:PTUUF) (OTCQB: PTUUF) ("Purepoint" or the "Company") is pleased to announce that due to strong investor demand, it has increased the offering size of the non-brokered private placement, previously announced on August 13, 2025, from $3,000,000 to $5,000,000 (the "Offering").

IsoEnergy Ltd. (TSX: ISO) (NYSE American: ISOU) ("IsoEnergy"), the Company's joint venture partner for the Dorado, Aurora and Celeste projects, located in the Athabasca Basin, Saskatchewan has confirmed its intention to invest $1,000,000 in support of the Company's financing efforts.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Mustang Energy and Skyharbour Resources Stake an Additional Claim on its 914W Uranium Project

Mustang Energy and Skyharbour Resources Stake an Additional Claim on its 914W Uranium Project

Mustang Energy Corp. ( CSE: MEC, OTC:MECPF, FRA:92T ) (the " Company " or " Mustang ") announces that, in connection with Skyharbour Resources Ltd. (TSX-V: SYH), it has staked an additional claim on its 914W Uranium Project.

The new claim (MC00022913) totals 1182.25 ha and is located immediately to the east of the original 914W claim. It has seen only minimal modern exploration, being partially covered by the same 2005 VTEM (southern half) and 2007 Tempest TDEM surveys (north half) as MC00017142, with lake sediment sampling also being done on the claim in 2007. Historical exploration on the claim included airborne EM, magnetic, and radiometrics surveys in 1969 and 1976, with prospecting, geological mapping, lake sediment and radon sampling, also taking place in 1969 and 1976.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Standard Uranium Executes Definitive Agreement to Option Rocas Uranium Project and Initiates Inaugural Exploration Program

Standard Uranium Executes Definitive Agreement to Option Rocas Uranium Project and Initiates Inaugural Exploration Program

Standard Uranium Ltd. (TSXV: STND,OTC:STTDF) (OTCQB: STTDF) (FSE: 9SU0) ("Standard Uranium" or the "Company") is pleased to announce that it has signed a definitive property option agreement (the "Option Agreement"), dated September 26, 2025, with Collective Metals Inc. (CSE: COMT) (the "Optionee"), an arms-length party. Pursuant to the Option Agreement, the Optionee has been granted the option (the "Option") to acquire a seventy-five percent interest in the 4,002-hectare Rocas Project ("Rocas" or the "Project") located in the eastern Athabasca Basin region (Figure 1).

Rocas Project Highlights:

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Blue Sky Uranium Launches Exploration Program after Completing Ivana Deposit Infill Drilling Program and Advances towards Prefeasibility Study at Amarillo Grande Project, Argentina

Blue Sky Uranium Launches Exploration Program after Completing Ivana Deposit Infill Drilling Program and Advances towards Prefeasibility Study at Amarillo Grande Project, Argentina

Blue Sky Uranium Corp. (TSX-V: BSK, FSE: MAL2; OTC: BKUCF), "Blue Sky" or the "Company") is pleased to announce that Ivana Minerales S.A. (" IMSA ", a partnership with a subsidiary of Corporacion America Group " COAM ") has commenced the first exploration program on targets surrounding the Ivana deposit. Pursuant to the Earn-In Agreement, IMSA has the exclusive right and option (the " Call Option ") to acquire a 100% interest in all or part of certain exploration targets at the Amarillo Grande Project (the " Call Option Targets ") (see press release dated February 27, 2025 ). The program started with a pole-dipole electrical tomography survey at the Ivana Gap target to delineate potential drill targets in the area immediately north of the Ivana Deposit (see Figure 1 ).

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Blue Sky Uranium Announces Registration of Mining Rights Transfer for Ivana Uranium-Vanadium Project, Argentina

Blue Sky Uranium Announces Registration of Mining Rights Transfer for Ivana Uranium-Vanadium Project, Argentina

TSX Venture Exchange: BSK
Frankfurt Stock Exchange: MAL2
OTCQB Venture Market (OTC): BKUCF

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Update: Terra Clean Energy Corp. Enters into Definitive Agreements  to Acquire Uranium Claims on The San Rafael Swell, Utah, United States

Update: Terra Clean Energy Corp. Enters into Definitive Agreements  to Acquire Uranium Claims on The San Rafael Swell, Utah, United States

Terra Clean Energy CORP. (" Terra " or the " Company ") (CSE: TCEC,OTC:TCEFF, OTCQB: TCEFF FSE: C 9O0) is pleased to announce that, further to its press release dated September 16, 2025, and to clarity the press release issued earlier today, it has entered into definitive agreements with arm's length parties to acquire up to a 100% interest in each of the Wheel Anne Claims and the Green Vein Mesa Claims (each of the properties are located in Emery County, Utah, United States).

"The quick execution of the agreements shows the Company's commitment and excitement to these assets and to our already significant portfolio of low-risk uranium assets in world renowned uranium basins" state Greg Cameron, CEO of Terra. "Our plan is to have our team on the ground in Utah in the coming weeks working closely with our local partner."

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Terra Clean Energy Corp. Enters into Definitive Agreements to Acquire Uranium Claims on The San Rafael Swell, Utah, United States

Terra Clean Energy Corp. Enters into Definitive Agreements to Acquire Uranium Claims on The San Rafael Swell, Utah, United States

Terra Clean Energy CORP. (" Terra " or the " Company ") (CSE: TCEC,OTC:TCEFF, OTCQB: TCEFF FSE: C 9O0) is pleased to announce that, further to its press release dated September 16, 2025, it has entered into definitive agreements with arm's length parties to acquire up to a 100% interest in each of the Wheel Anne Claims and the Green Vein Mesa Claims (each of the properties are located in Emery County, Utah, United States).

"The quick execution of the agreements shows the Company's commitment and excitement to these assets and to our already significant portfolio of low-risk uranium assets in world renowned uranium basins" state Greg Cameron, CEO of Terra. "Our plan is to have our team on the ground in Utah in the coming weeks working closely with our local partner."

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Purepoint Uranium

Purepoint Uranium Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

Latest Press Releases

Related News