IsoEnergy and Purepoint Announce 2025 Plans for Joint Venture
IsoEnergy and Purepoint Uranium Group have announced their 2025 exploration program with a $5 million budget for their new 50/50 joint venture. The venture covers 98,000 hectares across three main areas in Saskatchewan's eastern Athabasca Basin: Dorado Project, Aurora Project, and Celeste Block.
The Dorado Project, positioned along the Larocque conductive corridor, will be the primary focus with planned drilling of 5,400 metres across 18 holes. Historical drilling at Geiger revealed high-grade uranium mineralization of 2.74% U₃O₈ over 1.2 metres. The Aurora Project will undergo airborne geophysical surveys, while the Celeste Block is scheduled for 800 metres of drilling across 4 holes.
The joint venture consolidates 10 uranium projects, with the Dorado Project featuring shallow vertical depth to unconformity ranging from 27 to 133 metres. Geiger property contains 20 kilometers of graphitic conductors with significant untested gaps up to 1,000 metres.
IsoEnergy e Purepoint Uranium Group hanno annunciato il loro programma di esplorazione per il 2025 con un budget di 5 milioni di dollari per la loro nuova joint venture 50/50. La joint venture copre 98.000 ettari in tre aree principali nel Bacino di Athabasca orientale, in Saskatchewan: Progetto Dorado, Progetto Aurora e Blocco Celeste.
Il Progetto Dorado, situato lungo il corridoio conduttivo di Larocque, sarà il fulcro principale con perforazioni pianificate per 5.400 metri su 18 pozzi. Perforazioni storiche a Geiger hanno rivelato mineralizzazioni di uranio ad alto grado del 2,74% U₃O₈ su 1,2 metri. Il Progetto Aurora subirà indagini geofisiche aerospaziali, mentre il Blocco Celeste è programmato per 800 metri di perforazioni su 4 pozzi.
La joint venture consolida 10 progetti di uranio, con il Progetto Dorado che presenta una profondità verticale superficiale fino all'inconformità compresa tra 27 e 133 metri. La proprietà Geiger contiene 20 chilometri di conduttori grafitici con significative lacune non testate di fino a 1.000 metri.
IsoEnergy y Purepoint Uranium Group han anunciado su programa de exploración para 2025 con un presupuesto de 5 millones de dólares para su nueva empresa conjunta 50/50. La empresa conjunta abarca 98,000 hectáreas en tres áreas principales en la cuenca este de Athabasca en Saskatchewan: Proyecto Dorado, Proyecto Aurora y Bloque Celeste.
El Proyecto Dorado, situado a lo largo del corredor conductor de Larocque, será el enfoque principal con perforaciones planificadas de 5,400 metros en 18 pozos. Las perforaciones históricas en Geiger revelaron mineralización de uranio de alta ley del 2.74% U₃O₈ sobre 1.2 metros. El Proyecto Aurora se someterá a encuestas geofísicas aéreas, mientras que se programan 800 metros de perforación en el Bloque Celeste a través de 4 pozos.
La empresa conjunta consolida 10 proyectos de uranio, con el Proyecto Dorado que presenta una profundidad vertical superficial hasta la inconformidad que oscila entre 27 y 133 metros. La propiedad Geiger contiene 20 kilómetros de conductores grafiticos con importantes lagunas no probadas de hasta 1,000 metros.
IsoEnergy와 Purepoint Uranium Group이 새로운 50/50 조인트 벤처를 위한 500만 달러 예산으로 2025년 탐사 프로그램을 발표했습니다. 이 벤처는 Saskatchewan의 동부 Athabasca 분지에 걸쳐 98,000 헥타르를 포함합니다: 도로다 프로젝트, 오로라 프로젝트 및 셀레스테 블록입니다.
도로다 프로젝트는 라로크 전도 통로를 따라 위치하며, 18개의 시추공에서 총 5,400미터의 시추가 계획되어 있습니다. Geiger에서의 과거 시추는 1.2미터에 걸쳐 2.74% U₃O₈의 고품질 우라늄 광물화가 발견되었습니다. 오로라 프로젝트는 항공 지구 물리 탐사를 실시할 예정이며, 셀레스테 블록은 4개의 구멍에서 800미터 시추가 예정되어 있습니다.
이 조인트 벤처는 10개의 우라늄 프로젝트를 통합하며, 도로다 프로젝트는 27미터에서 133미터까지의 수면 깊이를 가지고 있습니다. Geiger 소유지는 최대 1,000미터까지 테스트되지 않은 큰 간격을 포함하여 20킬로미터의 흑연 전도체를 포함합니다.
IsoEnergy et Purepoint Uranium Group ont annoncé leur programme d'exploration pour 2025 avec un budget de 5 millions de dollars pour leur nouvelle coentreprise 50/50. La coentreprise couvre 98 000 hectares dans trois zones principales du bassin d'Athabasca oriental, en Saskatchewan : Projet Dorado, Projet Aurora et Bloc Celeste.
Le Projet Dorado, situé le long du couloir conducteur de Larocque, sera la principale priorité avec des forages prévus de 5 400 mètres répartis sur 18 trous. Les forages historiques chez Geiger ont révélé une minéralisation d'uranium de haute qualité de 2,74 % U₃O₈ sur 1,2 mètre. Le Projet Aurora subira des enquêtes géophysiques par avion, tandis que le Bloc Celeste est prévu pour 800 mètres de forage répartis sur 4 trous.
La coentreprise regroupe 10 projets d'uranium, le Projet Dorado présentant une profondeur verticale peu profonde jusqu'à l'inconformité allant de 27 à 133 mètres. La propriété Geiger contient 20 kilomètres de conducteurs graphitiques avec des lacunes non testées significatives allant jusqu'à 1 000 mètres.
IsoEnergy und Purepoint Uranium Group haben ihr Erkundungsprogramm für 2025 mit einem Budget von 5 Millionen Dollar für ihr neues 50/50 Joint Venture angekündigt. Das Joint Venture umfasst 98.000 Hektar in drei Hauptgebieten im östlichen Athabasca-Becken in Saskatchewan: Dorado-Projekt, Aurora-Projekt und Celeste-Block.
Das Dorado-Projekt, das entlang des Larocque-Leitfadens positioniert ist, wird der Hauptfokus sein, mit einer geplanten Bohrtiefe von 5.400 Metern über 18 Löcher. Historische Bohrungen bei Geiger zeigten hochgradige Uranvererzung mit 2,74 % U₃O₈ über 1,2 Meter. Das Aurora-Projekt wird mit luftgestützten geophysikalischen Untersuchungen durchgeführt, während der Celeste-Block für 800 Meter Bohrungen über 4 Löcher eingeplant ist.
Das Joint Venture konsolidiert 10 Uranprojekte, wobei das Dorado-Projekt eine flache vertikale Tiefe bis zur Unkonformität zwischen 27 und 133 Metern aufweist. Das Geiger-Gelände enthält 20 Kilometer graphitischer Leiter mit bedeutenden ungetesteten Lücken von bis zu 1.000 Metern.
- Secured $5 million budget for 2025 exploration program
- Consolidation of 10 high-valued uranium projects across 98,000 hectares
- Historical high-grade uranium findings of 2.74% U₃O₈ over 1.2 metres at Geiger
- Extensive drilling program planned: 5,400 metres in Dorado Project
- Strategic location near existing uranium deposits and infrastructure
- Significant capital expenditure required for exploration
- No guaranteed returns on exploration investment
- Multiple untested areas requiring extensive exploration work
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
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% U₃O₈ 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:
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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
info@isoenergy.ca
www.isoenergy.ca
Purepoint Uranium Group Inc.
Chris Frostad, President and CEO
(416) 603-8368
cfrostad@purepoint.ca
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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FAQ
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