Purepoint Uranium Reports 73,100 CPS Peak within 17,700 CPS Average over 1.8 Metres at Nova Discovery
Purepoint Uranium Reports 73,100 CPS Peak
within 17,700 CPS Average over 1.8 Metres at
Nova Discovery
Toronto, Ontario--(Newsfile Corp. - April 14, 2026) -
Purepoint Uranium Group Inc. (TSXV: PTU)
(OTCQB: PTUUF)
("
Purepoint
") reports that the nine holes of its winter 2026 drill program at the Nova
Discovery have been successful in extending the uranium mineralization and favourable geology at the
Dorado Joint Venture Project ("
Dorado
" or the "
Project
"), located in Saskatchewan's Athabasca Basin.
Purepoint, as operator of the 50/50 joint venture with IsoEnergy Ltd. (NYSE American: ISOU | TSX: ISO),
completed 5,210 metres of drilling within the Nova Zone. Downhole probe readings peaked at 73,100
counts per second (CPS), building on previously confirmed assay grades of up to 8.1% U
₃
O
₈
at the
Nova Discovery (
see September 18, 2025 NR
). Regional drilling at Dorado is planned to resume in late
June 2026.
"When evaluating the scale potential of a new discovery, tracking radioactivity across a one kilometre
trend anchored by confirmed grades of up to 8.1% U
3
O
8
is exactly what you want to see," said Chris
Frostad, President and CEO. "We now have the geological framework and confidence to drill more
aggressively when we return. We are disciplined in how we've approach this target and the results are
showing it. The mineralization remains open."
Highlights
The nine holes of the winter 2026 drill program expanded uranium mineralization at the Nova
Discovery, extended the associated geologic contact for a strike length of one kilometre and
established a refined targeting framework for continued expansion.
Six holes intersected uranium mineralization as measured by a Mt. Sopris 2PGA-1000 downhole
radiometric probe.
Standout intersections include:
NV26-05:17,700 CPS average over 1.8 metres including 61,100 CPS average over 0.3
metres, and
NV26-03A: 10,600 CPS average over 1.7 metres including 41,200 CPS average over 0.3
metres
Program peak: 73,100 CPS.
The Nova Discovery remains open along strike, at the unconformity and at depth
Winter 2026 results build on previously reported assay grades of up to 8.1% U
₃
O
₈
at the Nova
Discovery. Assays from the winter 2026 program are pending.
Regional drilling is planned to resume at the Dorado JV Project in late June 2026.
Airborne MobileMT survey to be conducted over Dorado this spring with interpretation to assist
summer drill targeting.
Downhole Gamma Results of Winter 2026 Drill Program
Hole ID
From (m)
To (m)
Length
Avg. CPS
Max. CPS
NV26-01
462.2
464.6
2.4
830
2,100
466.8
467.4
0.6
610
750
469.1
470.2
1.1
1,800
3,500
NV26-02
415.2
415.8
0.6
1,400
2,000
422.8
423.1
0.3
1,300
1,800
423.6
424.8
1.2
4,100
18,900
N26-03A
405.9
407.3
1.4
780
1,100
410.4
410.8
0.4
930
1,400
411.5
415.0
3.5
3,000
11,300
415.6
416.0
0.4
1,600
2,700
416.5
418.2
1.7
10,600
55,100
Includes
417.5
417.8
0.3
41,200
NV26-04
363.7
364.1
0.4
840
1,100
366.1
366.7
0.6
590
670
429.3
429.6
0.3
760
920
473.8
474.3
0.5
1,400
2,400
NV26-05
370.6
370.9
0.3
690
860
389.7
391.5
1.8
17,700
73,100
Includes
390.4
390.7
0.3
61,100
395.8
397.2
1.4
3,000
12,800
527.1
528.0
0.9
910
1,400
NV26-06A
315.1
315.4
0.4
590
660
366.9
367.2
0.3
680
890
384.6
385.2
0.6
550
650
NV26-07
334.0
334.6
0.6
1,100
1,700
336.5
338.2
1.7
790
1,100
NV26-08
384.8
387.5
2.7
920
1700
393.2
393.7
0.5
750
950
NV26-09A
329.3
330.1
0.8
610
770
470.0
470.4
0.4
910
1,200
472.8
473.3
0.5
1,100
1,500
557.0
557.3
0.3
620
740
All lengths reported are dowhole metres. True widths have not been determined. CPS values have been rounded to the nearest whole number.
Winter 2026 Drilling
NV26-01
was designed as a 50-metre step-out from PG25-07A to test mineralization at the same
elevation. The hole encountered the unconformity at 317 metres followed by paleoweathered granite to
granitic gneiss and a 67-metre-wide interval of unaltered pyritic graphitic pelitic gneiss with localized
shearing. Anomalous radioactivity attributed to uranium was intersected between 462 and 470 metres,
returning a downhole gamma peak of 3,500 CPS.
NV26-02
was drilled from the same pad as NV26-01 and designed to test mineralization 40 metres
below PG25-07A. The hole encountered the unconformity at 310 metres followed by paleoweathered
granite to granitic gneiss, then a chloritized brecciated pelitic gneiss with localized silicification.
Anomalous radioactivity attributed to uranium was intersected between 423 and 425 metres, returning a
downhole gamma peak of 18,900 CPS.
NV26-03A
was designed as a 30-metre step-out from PG25-07A to follow up mineralization intersected
in that hole. The unconformity was encountered at 311 metres followed by paleoweathered granite to
granitic gneiss, a chloritized brecciated granite and chloritized graphitic pelitic gneiss. A 12-metre-wide
zone of pelitic gneiss, hosting chloritized intervals with elevated radioactivity attributed to uranium,
returned a downhole gamma peak of 55,100 CPS.
NV26-04
was designed as a 100-metre step-out to the northeast to test the granite-pelite contact. The
unconformity was encountered at 318 metres followed by paleoweathered granite to granitic gneiss, then
a sequence of chloritized pyritic graphitic pelitic gneiss. The strongest radioactivity was intersected at
474 metres returning a downhole gamma peak of 2,400 CPS.
NV26-05
was designed as a 65-metre step-out to the southeast to follow up PG25-07A mineralization.
The unconformity was encountered at 322 metres followed by paleoweathered granitic gneiss to 390
metres, where a
strongly hematized and chloritized pegmatite returned an average of 7,700 cps over 1.8
metres. The hole returned a downhole gamma peak of 73,100 CPS, the strongest result of the winter
program.
NV26-06A
was designed as a 260-metre step-out to the northeast to test the extent of the Nova
Discovery along strike.
Strong alteration was encountered in the sandstone before reaching the
unconformity at 304 metres suggesting follow-up drilling for unconformity related uranium mineralization.
Basement rocks were paleoweathered granite to granitic gneiss, followed by intervals of chloritized
pegmatite and unaltered pyritic graphitic pelitic gneiss. Weak radioactivity was intersected with a peak
of 890 cps defines the current northeastern extent of the Nova Discovery drilling.
NV26-07
was designed as a 200-metre step-out to the southwest of NV26-06A to test the granite-pelite
contact along strike. The unconformity was intersected at 308 metres followed by 63 metres of
paleoweathered granite, then unaltered pelitic gneisses hosting a 12-metre-wide chloritized pyritic
graphitic pelitic gneiss between 385 and 397 metres. Anomalous radioactivity was returned between
334 and 338 metres within
an interval of localized brittle to broken core consistent with the broader Nova
Zone structural setting.
NV26-08
was designed as a 50-metre step-out to the southwest of NV26-05 to follow up the strong
mineralization encountered in that hole. The unconformity was intersected at 322 metres followed by
paleoweathered granite to granitic gneiss to 390 metres, then intervals of chloritized pyritic pelitic gneiss
with localized graphite and an unaltered graphitic pyritic pelitic gneiss with localized brittle to broken
core between 460 and 478 metres. Anomalous radioactivity was returned between 385 and 394 metres
, confirming the continuity of the Nova Zone structural corridor to the southwest.
NV26-09A
was designed as a 55-metre downdip step-out between NV26-08 and NV26-05 to further
define the Nova Zone mineralized structure. The unconformity was intersected at 308 metres followed by
paleoweathered granite to 316 metres, then unaltered granitic gneisses, granites and pegmatites to 441
metres before encountering a silicified pelitic gneiss and brecciated chloritized granite. Anomalous
radioactivity was returned within the deeper graphitic and pyritic pelitic gneiss units between 470 and
557 metres, providing important structural context for the southern extent of the Nova Discovery.
Location Map of Winter 2026 Drill Program at the Nova Discovery, Dorado JV Project
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3218/292343_a7443168646b1b49_002full.jpg
About the Dorado Project
The Dorado Project is the flagship asset of the Purepoint and IsoEnergy 50/50 joint venture,
encompassing more than 98,000 hectares of highly prospective uranium exploration ground in the
eastern Athabasca Basin. The Project sits within one of the most prolific uranium districts on earth,
surrounded by world-class deposits including IsoEnergy's Hurricane — the world's highest-grade
indicated uranium resource. Underlain by the same fertile graphitic lithologies and fault structures that
control high-grade uranium mineralization across the eastern Basin, Dorado hosts multiple untested
conductors beyond the Nova Discovery, each representing a significant exploration opportunity. Shallow
unconformity depths across the property allow for efficient drilling and rapid follow-up, positioning
Purepoint to move quickly as the Nova Discovery continues to grow.
Qualified Person Statement
The scientific and technical information contained in this news release relating to Purepoint was
reviewed and approved by Scott Frostad BSc, MASc, P.Geo., Purepoint's Vice President, Exploration,
who is a "Qualified Person" (as defined in NI 43-101 -
Standards of Disclosure for Mineral Projects
("NI
43-101")).
About Purepoint
Purepoint Uranium Group Inc. (TSXV: PTU) (OTCQB: PTUUF) is a uranium exploration company
operating at the heart of the Athabasca Basin — the world's premier high-grade uranium district.
Purepoint actively operates exploration programs on behalf of joint venture partnerships with three of the
world's leading uranium companies: Cameco Corporation, Orano Canada Inc. and IsoEnergy Ltd. This
unique position alongside established uranium producers and developers reflects the quality of
Purepoint's project portfolio and the calibre of its technical team.
Purepoint operates the Dorado Project under a 50/50 joint venture with IsoEnergy Ltd., where the Nova
Discovery returned confirmed assays of up to 8.1% U
₃
O
₈
and a mineralized corridor now extends to one
kilometre.The Company also operates the Hook Lake and Smart Lake projects under joint venture with
Cameco Corporation and Orano Canada Inc. Purepoint's wholly owned property portfolio includes
additional exploration-stage uranium assets in the Athabasca Basin region.
Additionally, Purepoint holds a promising VMS project optioned to and strategically positioned adjacent
to Foran Mining Corporation's McIlvenna Bay project.
For more information, please contact:
Purepoint Uranium Group Inc.
Chris Frostad, President & CEO
Phone: (416) 603-8368
Email:
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policies of the Exchange) accepts responsibility for the adequacy or accuracy of this Press
release.
Cautionary Statement Regarding Forward-Looking Information
This press release contains "forward-looking information" within the meaning of applicable Canadian
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"would", "might" or "will be taken", "occur" or "be achieved". This forward-looking information may
relate to additional planned exploration activities, 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; ; uncertainty of additional financing; no known mineral resources
or reserves; aboriginal title and consultation issues; reliance on key management and other
personnel; actual results of technical work programs and technical and economic assessments being
different than anticipated; regulatory determinations and delays; stock market conditions generally;
demand, supply and pricing for uranium; and general economic and political conditions. 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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