IsoEnergy and Purepoint Announce 2025 Plans for Joint Venture
IsoEnergy and Purepoint Announce 2025 Plans
for Joint Venture
Toronto, Ontario--(Newsfile Corp. - January 23, 2025) - IsoEnergy Ltd. (TSX: ISO) (OTCQX: ISENF)
("
IsoEnergy
") and Purepoint Uranium Group Inc. (TSXV: PTU) (OTCQB: PTUUF) ("
Purepoint
") are
pleased to announce the commencement of their 2025 exploration program, supported by a $5,000,000
budget for the newly formed 50/50 joint venture ("
Joint Venture
").
The Joint Venture spans over 98,000 hectares and consolidates 10 high-valued uranium projects into
three distinctive areas in Saskatchewan's eastern Athabasca Basin: the Dorado Project, the Aurora
Project and the Celeste Block (Figure 1).
Dorado Project: Unlocking the Potential of the Larocque Trend
Positioned along the renowned Larocque conductive corridor (the "
Larocque Trend
"), home to
IsoEnergy's Hurricane Deposit, the Dorado Project consolidates Turnor Lake, Geiger, Edge and
most of Full Moon into a single high-priority exploration initiative (Figure 2).
Exploration will focus on the high-priority target zones defined by graphitic conductors that wrap
around a central granitic dome. A unified approach will integrate and re-evaluate all historical
geophysical work and drill hole geology across the properties.
The Larocque Trend extends across the Turnor Lake property to the northern boundary of Full
Moon, located 14 kilometers east of the Hurricane Deposit. Drilling has revealed a shallow vertical
depth to the unconformity, ranging from just 27 to 133 metres and several highly prospective yet
untested zones remain. Additionally at Geiger, historical drilling intersected high-grade basement-
hosted uranium mineralization, including 2.74% U
O
over 1.2 metres in drill hole HL-50 along the
H11 South conductor (
See press release dated January 25, 2018
). Geiger is characterized by 20
kilometers of graphitic conductors, with significant untested gaps of up to 1,000 metres, presenting
exceptional exploration potential.
Approximately 5,400 metres in 18 drill holes are planned for 2025.
Aurora Project: Shallow Uranium Targets Along the Athabasca Basin's Edge
The remaining claims east of Dorado now make up the Aurora Project, including, part of Full Moon,
Red Willow, and Collins Bay Extension, presenting significant near-surface uranium potential in
proximity to McClean Lake mine, and Rabbit Lake mine and mill.
An airborne geophysical survey is planned for 2025.
Celeste Block: Preparing Southern Targets for Exploration
Incorporates Thorburn, North Thorburn, Madison and 2Z properties, which cover portions of
conductor trends east of the Cigar Lake Mine and southwest of the Rabbit Lake and McClean
Lake mines (Figure 1). Target depth is relatively shallow as sandstone thickness ranges between
60 metres at Madison in the east to 350 metres at Thorburn in the west.
Near-term efforts will focus on drill testing recent geophysical results at Madison where sandstone
cover is thin, and limited historical drilling has been completed, with just one hole drilled since
1989.
Approximately 800 metres in 4 drill holes are planned for 2025.
"The 2025 Joint Venture program underscores our focus on advancing Dorado within the Larocque
Trend, an area of exceptional potential," said Chris Frostad, President and CEO of Purepoint. "While
Dorado is the centerpiece of this coming year's efforts, we are also performing critical work on the
Aurora and Celeste Block projects to ensure these promising targets remain ready for future exploration.
Purepoint is excited to execute on the program as the operator, with IsoEnergy's oversight providing
valuable guidance and expertise."
Figure 1: IsoEnergy and Purepoint Uranium Joint Venture including, Dorado Project, Aurora
Project and Celeste Block
* See Qualified Person Statement below.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3218/238119_dfe4843fb40248cb_003full.jpg
Figure 2: Location of the Larocque Trend which hosts the high-grade Hurricane deposit and
high-grade uranium occurrences on the newly formed Dorado Project, the primary focus of
2025.
* See Qualified Person Statement below.
To view an enhanced version of this graphic, please visit:
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Qualified Person Statement
The scientific and technical information contained in this news release relating to IsoEnergy was
reviewed and approved by Dr. Dan Brisbin, P.Geo., IsoEnergy's Vice President, Exploration, who is a
"Qualified Person" (as defined in NI 43-101 -
Standards of Disclosure for Mineral Projects
("NI 43-
101")).
For additional information with respect to the current mineral resource estimate for IsoEnergy's
Hurricane Deposit, please refer to the Technical Report prepared in accordance with NI 43-101 entitled
"Technical Report on the Larocque East Project, Northern Saskatchewan, Canada" dated August 4,
2022, available under IsoEnergy's profile at
www.sedarplus.ca
.
This news release refers to properties other than those in which IsoEnergy and Purepoint have an
interest. Mineralization on those other properties is not necessarily indicative of mineralization on the
Joint Venture properties.
About IsoEnergy Ltd.
IsoEnergy (TSX: ISO) (OTCQX: ISENF) is a leading, globally diversified uranium company with
substantial current and historical mineral resources in top uranium mining jurisdictions of Canada, the
U.S. and Australia at varying stages of development, providing near-, medium- and long-term leverage to
rising uranium prices. IsoEnergy is currently advancing its Larocque East project in Canada's Athabasca
basin, which is home to the Hurricane deposit, boasting the world's highest-grade indicated uranium
mineral resource.
IsoEnergy also holds a portfolio of permitted past-producing, conventional uranium and vanadium mines
in Utah with a toll milling arrangement in place with Energy Fuels. These mines are currently on standby,
ready for rapid restart as market conditions permit, positioning IsoEnergy as a near-term uranium
producer.
About Purepoint Uranium Group Inc.
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 VHMS project currently optioned to and strategically
positioned adjacent to and on trend with Foran Corporation's McIlvena 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.
For further information, please contact:
IsoEnergy Ltd.
Philip Williams, CEO and Director
(833) 572-2333
www.isoenergy.ca
Purepoint Uranium Group Inc.
Chris Frostad, President and CEO
(416) 603-8368
www.purepoint.ca
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 "forward-looking information" within the meaning of applicable Canadian
securities legislation. Generally, forward-looking information can be identified by the use of forward-
looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget",
"scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or
variations of such words and phrases or state that certain actions, events or results "may", "could",
"would", "might" or "will be taken", "occur" or "be achieved". This forward-looking information may
relate to planned exploration activities for 2025, including the timing thereof and the anticipated
results thereof; and any other activities, events or developments that the companies expect or
anticipate will or may occur in the future.
Forward-looking statements are necessarily based upon a number of assumptions that, while
considered reasonable by management at the time, are inherently subject to business, market and
economic risks, uncertainties and contingencies that may cause actual results, performance or
achievements to be materially different from those expressed or implied by forward-looking
statements. Such assumptions include, but are not limited to, that planned exploration activities are
completed as anticipated;
the anticipated costs of planned exploration activities, the price of uranium;
that general business and economic conditions will not change in a materially adverse manner; that
financing will be available if and when needed and on reasonable terms; and that third party
contractors, equipment and supplies and governmental and other approvals required to conduct the
Joint Venture's planned activities will be available on reasonable terms and in a timely manner.
Although each of IsoEnergy and Purepoint have attempted to identify important factors that could
cause actual results to differ materially from those contained in forward-looking information, there may
be other factors that cause results not to be as anticipated, estimated or intended. There can be no
assurance that such information will prove to be accurate, as actual results and future events could
differ materially from those anticipated in such statements. Accordingly, readers should not place
undue reliance on forward-looking information.
Such statements represent the current views of IsoEnergy and Purepoint with respect to future events
and are necessarily based upon a number of assumptions and estimates that, while considered
reasonable by IsoEnergy and Purepoint, are inherently subject to significant business, economic,
competitive, political and social risks, contingencies and uncertainties. Risks and uncertainties
include but are not limited to the following: the inability of the Joint Venture to complete the exploration
activities as currently contemplated; regulatory determinations and delays; stock market conditions
generally; demand, supply and pricing for uranium; and general economic and political conditions in
Canada, the United States and other jurisdictions where the applicable party conducts business.
Other factors which could materially affect such forward-looking information are described in the risk
factors in each of IsoEnergy's and Purepoint's most recent annual management's discussion and
analyses or annual information forms and IsoEnergy's and Purepoint's other filings with the Canadian
securities regulators which are available, respectively, on each company's profile on SEDAR+ at
www.sedarplus.ca
. IsoEnergy and Purepoint do not undertake to update any forward-looking
information, except in accordance with applicable securities laws.
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https://www.newsfilecorp.com/release/238119