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Purepoint Uranium has identified eight high-priority exploration targets at its Russell South project in the Athabasca Basin following two advanced airborne geophysical surveys. The company completed a VTEM Plus survey by Geotech and a MobileMT survey by Expert Geophysics , leading to the refinement of original Akal and Amber targets into four smaller zones and the addition of two new exploration areas. The targets focus on conductive zones potentially indicating clay or hydrothermal alteration with strong cross-cutting structural features. A high-resolution airborne magnetic survey is planned for Spring 2025 to enhance structural interpretation and refine drill targets.
Purepoint Uranium and Cameco have approved a $1.2 million drilling program at the Smart Lake Joint Venture Project in Saskatchewan's Athabasca Basin. The program, set for 2025, will include approximately 2,500 metres of diamond drilling targeting the northern Groomes Lake conductor. Cameco owns 73% of the JV while Purepoint holds 27% and operates the project. A 39-line-km transient electromagnetic survey is currently underway to refine drill targets. The program builds on previous exploration success from 2008, where initial drilling revealed uranium mineralization, including an intersection of 147 ppm U over 15.4 metres in hole SMT08-05.
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