Purepoint Completes Initial Drill Program Along Groomes Lake Conductive Corridor at Smart Lake JV
Purepoint Completes Initial Drill Program Along Groomes Lake
Conductive Corridor at Smart Lake JV
Toronto, Ontario
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(Newsfile Corp.
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May 22, 2025)
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Purepoint Uranium Group Inc. (TSXV: PTU) (OTCQB: PTUUF)
("Purepoint" or the "Company") today reported the completion of its initial drill program at the Smart Lake Joint Venture in
Saskatchewan's Athabasc
a Basin. The first
-
pass program, which included 1,264 metres of diamond drilling across three
holes, was conducted to test newly identified electromagnetic (EM) conductors along the Groomes Lake Conductive
Corridor. The drill program provided a critical st
ep in defining high
-
priority uranium exploration targets associated with the
Groomes Lake conductive features.
The Smart Lake Project is a joint venture between Cameco Corporation (73%) and Purepoint (27%) and is located
approximately 60 km south of the former Cluff Lake uranium mine and 18 km west
-
northwest of Purepoint's Hook Lake JV
project.
Highlights
1,264 metres of drilling completed in three holes across all three Groomes Lake EM conductors
Geological evidence suggests the Groomes Lake Corridor is a component of the regional
-
scale Beatty River Fault
(Figure 2)
All three drill holes intersected graphitic shear zones and complex structural features
The central EM conductor hosts the strongest structural deformation, possibly representing a critical fluid pathway
for uranium mobilization and precipitation
The top priority Groomes Lake exploration target is the Central EM conductor where it intersects the unconformity
"The drill program was designed to give us a first look into a geologically complex and previously untested portion of the
Smart Lake JV project," said Scott Frostad, VP Exploration at Purepoint. "With last year's ground EM survey results and
our current d
rilling, we've made meaningful progress in understanding the project's geologic setting as we continue to
advance exploration."
Program Summary and Outcomes
The 2025 Smart Lake JV uranium exploration program marked the first pass drill test of the Groomes Lake Corridor. Drill
hole SMT25
-
13 intersected multiple graphitic shear zones and structural complexities, particularly along the central EM
conductor, which
appears to be the primary structural feature. Drill and geophysical results indicate the northern portion of
the Smart Lake project contains a NE
-
trending structural zone that is different from the NNW
-
trending structures that were
previously drill
-
tested
to the south.
Following completion of the Groomes Lake drill program, the joint venture's technical and management committees
reviewed these initial results. Although uranium mineralization was not intersected in the three 2025 holes, the evidence of
strong shear zone d
evelopment along the Central EM conductor suggests it may have influenced the flow of uranium
-
bearing hydrothermal fluids. Testing of the Groomes Lake Central EM conductor at the unconformity is now considered a
top priority exploration target at Smart Lak
e.
Figure 1:
Graphitic shear zone in drill hole SMT25
-
13 with lower interval of silicified and brecciated rock
To view an enhanced version of this graphic, please visit:
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Next Steps
The joint venture is currently reviewing potential follow
-
up strategies, including additional ground fixed
-
loop EM surveying
within the central portion of the project covering the NNW
-
trending airborne EM conductors. Potential follow
-
up drilling
would incl
ude the Groomes Lake unconformity target, the new geophysical grid and select historic ground EM results.
Broader Exploration Outlook
Smart Lake is one of several high
-
priority projects Purepoint is advancing in the Athabasca Basin. The Company's 50/50
Joint Venture with IsoEnergy is currently preparing for a 5,400
-
metre drill program at the Dorado Project, located along the
Larocque Tre
nd and adjacent to the high
-
grade Hurricane Deposit. Through strategic partnerships and a disciplined
exploration approach, Purepoint continues to position itself for discovery in one of the world's most prolific uranium
districts.
Figure 2:
Smart Lake JV Project
-
Regional Magnetics (Tilt Derivative) Showing Interpreted Geological Relationship with
Beatty River Fault and Shea Creek Uranium Deposits
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3218/252952_f17b1e8a943cfba8_003full.jpg
Figure 3:
Groomes Lake Conductive Corridor
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Geologic Interpretation at Unconformity (300 m asl)
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3218/252952_f17b1e8a943cfba8_004full.jpg
Figure 4:
Smart Lake Project Location
To view an enhanced version of this graphic, please visit:
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About Smart Lake
The Smart Lake Project is located approximately 60 km south of the former Cluff Lake mine site and 18 km west
-
northwest of the Hook Lake JV Project (Figure 2). The property spans 9,860 hectares within the Athabasca Basin, an area
renowned for hosting the w
orld's highest
-
grade uranium deposits.
Initial exploration at Smart Lake established the presence of graphitic shear zones, hydrothermal alteration, and
anomalous radioactivity. The favourable geological indicators, combined with its strategic location and extensive
geophysical data, position S
mart Lake for uranium exploration success.
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 in
dustry leaders including Cameco Corporation, Orano Canada Inc. and IsoEnergy Ltd.
Additionally, the Company holds a promising volcanogenic massive sulphide (VMS) project currently optioned to Foran
Mining Corporation that is geologically on trend with its McIlvenna Bay project. Through a robust and proactive exploration
strategy, Purepo
int 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
.
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Disclosure regarding forward
-
looking statements
This news release contains "forward
-
looking information" within the meaning of applicable Canadian securities legislation.
"Forward
-
looking information" includes, but is not limited to, statements with respect to the activities, events or
developments that
the Company expects or anticipates will or may occur in the future, including the completion and
anticipated results of the Company's planned exploration activities. Generally, but not always, forward
-
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and statements can be identified b
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Such forward
-
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Company's planned exploration activities will be completed in a timely manner. Although the assumptions made by the
Company in providing for
ward
-
looking information or making forward
-
looking statements are considered reasonable by
management at the time, there can be no assurance that such assumptions will prove to be accurate. Important factors
that could cause actual results to differ materi
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actual results of current exploration activities, fluctuating uranium prices, possibility of equipment breakdowns and delays,
exploration cost overruns, availability of capital and
financing, general economic, market or business conditions,
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filings made by the Company with securities regulators.
Although the Company has attempted to identify important factors that could cause actual results to differ materially from
those contained in the forward
-
looking information or implied by forward
-
looking information, there may be other factors
that cause r
esults not to be as anticipated, estimated or intended. There can be no assurance that forward
-
looking
information and statements will prove to be accurate, as actual results and future events could differ materially from those
anticipated, estimated or in
tended. Accordingly, readers should not place undue reliance on forward
-
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information. The Company expressly disclaims any intention or obligation to update or revise any forward
-
looking
statements whether as a result of new information
, future events or otherwise except as otherwise required by applicable
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SOURCE:
Purepoint Uranium Group Inc.