Purepoint Uranium Provides Q2 Corporate Update on Exploration Activities
Purepoint Uranium Provides Q2 Corporate
Update on Exploration Activities
Toronto, Ontario--(Newsfile Corp. - April 2, 2025) - Purepoint Uranium Group Inc. (TSXV: PTU) (OTCQB:
PTUUF) ("Purepoint" or the "Company") provided its Q2 corporate update on exploration activities
across its portfolio of uranium projects in Canada's Athabasca Basin. This exploration update highlights
the continued advancement of multiple high-priority targets as Purepoint executes on its 2025
exploration strategy alongside industry-leading joint venture partners.
Smart Lake Joint Venture
(Cameco/Purepoint)
Field crews are currently on site, and drilling is underway at Smart Lake. The program is
progressing well and consists of four holes totaling approximately 1,400 metres, targeting three
discrete conductors identified during the 2024 ground EM survey of the Groomes Lake corridor.
These drill targets represent previously untested areas of strong conductivity associated with a
favourable structural setting. Drilling is expected to conclude by the end of April.
Dorado Joint Venture
(IsoEnergy/Purepoint)
Following the completion of the Smart Lake program, drilling is scheduled to begin at the Dorado
Project in Q2 2025.
The approved program includes approximately 6,100 metres across 17 holes. Drilling will test a
series of graphitic conductors that wrap around a central granitic dome, with target areas
prioritized based on a consolidated geological model that now includes both the Turnor Lake and
Geiger regions.
Exploration permits for Edge and Full Moon are in hand, and the Turnor Lake permit amendment
has also been approved.
Aurora Joint Venture
(IsoEnergy/Purepoint)
The airborne geophysical survey originally scheduled for early 2025 has been deferred to later this
summer. The survey will cover the Collins Bay Extension and is intended to refine shallow targets in
proximity to the McClean Lake and Rabbit Lake infrastructure.
Celeste Joint Venture
(IsoEnergy/Purepoint)
Permitting for 2025 exploration is complete for the Celeste Block East region, where initial drilling
in late Q3 is planned to test shallow conductor systems. The broader Celeste Block remains in
early-stage target development with future drilling subject to additional refinement of geophysical
results.
Denare West
(Foran Mining/Purepoint)
In February, the Company reported Foran Mining's completion and interpretation of a VTEM Max
airborne EM survey across the Denare West project. Located 9 kilometres southeast of Foran's
McIlvenna Bay deposit, the survey identified numerous conductive anomalies consistent with the
geologic horizon that hosts other known VMS deposits in the region.
Results from the airborne EM survey are now being modeled and integrated with historical
datasets to prioritize drill targets. Foran continues to advance the project under a $19 million
option agreement.
Tabbernor Project
(100% Purepoint)
The recently reported interpretation of the 7,549 line-kilometre FALCON gravity and magnetic
survey has defined three priority zones exhibiting gravity low anomalies associated with potential
hydrothermal alteration. Planning for the 2025 exploration program is underway, and the required
exploration permit has been received. Follow-up work is expected to include boulder sampling,
drilling, prospecting, and soil geochemistry.
Purepoint remains committed to advancing its projects through focused exploration and community
collaboration as we respond to growing demand for uranium. Further updates will be provided as work
progresses.
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 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:
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 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.
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