Purepoint Uranium Identifies New Exploration Targets at Russell South with Recent Airborne Geophysical Results
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 ha identificato otto obiettivi di esplorazione ad alta priorità nel suo progetto Russell South nella Basin di Athabasca a seguito di due avanzati sondaggi geofisici aerei. L'azienda ha completato un sondaggio VTEM Plus di Geotech e un sondaggio MobileMT di Expert Geophysics, portando alla raffinazione dei target originali Akal e Amber in quattro zone più piccole e all'aggiunta di due nuove aree di esplorazione. Gli obiettivi si concentrano su zone conduttive che potrebbero indicare modifiche argillose o idrotermali con forti caratteristiche strutturali di intersezione. È previsto un sondaggio magnetico aereo ad alta risoluzione per la primavera del 2025 per migliorare l'interpretazione strutturale e affinare i target di perforazione.
Purepoint Uranium ha identificado ocho objetivos de exploración de alta prioridad en su proyecto Russell South en la Cuenca de Athabasca tras dos avanzadas encuestas geofísicas aéreas. La empresa completó una encuesta VTEM Plus de Geotech y una encuesta MobileMT de Expert Geophysics, lo que llevó a refinar los objetivos originales Akal y Amber en cuatro zonas más pequeñas y a la adición de dos nuevas áreas de exploración. Los objetivos se centran en zonas conductivas que potencialmente indican alteración arcillosa o hidrotermal con fuertes características estructurales de intersección. Se planea una encuesta magnética aérea de alta resolución para la primavera de 2025 para mejorar la interpretación estructural y refinar los objetivos de perforación.
Purepoint Uranium는 아타바스카 분지의 러셀 사우스 프로젝트에서 두 번의 고급 공중 지구물리 조사 후 8개의 높은 우선 순위 탐사 대상을 확인했습니다. 이 회사는 Geotech의 VTEM Plus 조사와 Expert Geophysics의 MobileMT 조사를 완료했으며, 이를 통해 원래의 Akal 및 Amber 대상을 네 개의 더 작은 구역으로 세분화하고 두 개의 새로운 탐사 지역을 추가했습니다. 목표는 강한 교차 구조적 특징을 가진 점토 또는 열수 변화를 나타낼 수 있는 전도성 구역에 초점을 맞추고 있습니다. 구조 해석을 향상시키고 드릴 대상을 세분화하기 위해 2025년 봄에 고해상도 공중 자기 조사가 계획되어 있습니다.
Purepoint Uranium a identifié huit cibles d'exploration à haute priorité dans son projet Russell South dans le bassin d'Athabasca suite à deux levés géophysiques aériens avancés. La société a complété un levé VTEM Plus par Geotech et un levé MobileMT par Expert Geophysics, ce qui a conduit à la refinement des cibles originales Akal et Amber en quatre zones plus petites et à l'ajout de deux nouvelles zones d'exploration. Les cibles se concentrent sur des zones conductrices pouvant indiquer des altérations argileuses ou hydrothermales avec de fortes caractéristiques structurelles en coupe. Un levé magnétique aérien haute résolution est prévu pour le printemps 2025 afin d'améliorer l'interprétation structurelle et de préciser les cibles de forage.
Purepoint Uranium hat acht hochpriorisierte Explorationsziele in seinem Projekt Russell South im Athabasca-Becken identifiziert, nachdem zwei fortschrittliche luftgestützte geophysikalische Vermessungen durchgeführt wurden. Das Unternehmen führte eine VTEM-Plus-Umfrage von Geotech und eine MobileMT-Umfrage von Expert Geophysics durch, was zur Verfeinerung der ursprünglichen Ziele Akal und Amber in vier kleinere Zonen und zur Hinzufügung von zwei neuen Erkundungsgebieten führte. Die Ziele konzentrieren sich auf leitfähige Zonen, die möglicherweise auf ton- oder hydrothermale Veränderungen mit starken kreuzenden strukturellen Merkmalen hinweisen. Für das Frühjahr 2025 ist eine hochauflösende luftgestützte magnetische Untersuchung geplant, um die strukturelle Interpretation zu verbessern und Bohrziele zu verfeinern.
- Identification of eight high-priority uranium exploration targets
- Successful completion of two advanced airborne geophysical surveys
- Project location along strategic Athabasca Basin's southeast edge
- Refined targeting through detailed geophysical data analysis
- None.
Toronto, Ontario--(Newsfile Corp. - November 28, 2024) - Purepoint Uranium Group Inc. (TSXV: PTU) (OTCQB: PTUUF) ("Purepoint" or the "Company") is pleased to report the identification of eight high-priority exploration targets following the completion of two advanced airborne geophysical surveys at its
Scott Frostad, Vice President of Exploration at Purepoint, noted, "The airborne geophysical results have refined our existing targets and highlighted new prospective areas, thereby enhancing the project's potential for hosting uranium mineralization. Russell South is favourably situated along the Athabasca Basin's southeast edge, and we've scheduled an airborne tri-axial magnetic survey this Spring to better locate primary structures within our priority target areas for drill testing."
Key Highlights
- Comprehensive interpretation of two advanced airborne surveys:
- A VTEM Plus survey by Geotech Ltd., providing detailed electromagnetic data
- A MobileMT survey by Expert Geophysics Ltd., renowned for its deep penetration capabilities.
- Identification of eight high-priority target areas centering on conductive zones, possibly indicative of clay or hydrothermal alteration, and strong cross-cutting structural features.
- Refinement of the original Akal and Amber targets into four smaller, more focused target zones based on detailed data analysis.
- Addition of two new exploration target areas resulting from the interpreted geophysical results.
- The edge of the Athabasca Sandstone formation lies along the southeast corner of the project, with magnetic lows in the northwest indicating prospective Wollaston Group metasediments.
Next Steps
A high-resolution airborne magnetic survey is scheduled to commence late Spring 2025, enhancing the structural interpretation and further refining drill targets within the eight defined zones.
Figure 1: Russell South Showing Total Magnetic Intensity
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Figure 2: Russell South Showing Resistivity Depth Image at 200m Depth
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About Russell South Project
The
Eight target areas have now been identified at the project. The target zones are coincident airborne gravity low and magnetic low responses, interpreted as favourable rock types and/or alteration zones, that are proximal to structurally complex areas. The western Treleaven target area hosts historic coincident geochemical anomalies possibly related to a dilational zone lying between the interpreted north-south faults.
The Russell Lake project is approximately 20 km ENE of the Key Lake Mine that produced over 200 million pounds of uranium at a grade averaging
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 details on the Russell Lake Project and Purepoint's exploration portfolio, visit www.purepoint.ca.
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: cfrostad@purepoint.ca
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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FAQ
What new targets did Purepoint Uranium (PTUUF) identify at Russell South in November 2024?
What geophysical surveys did Purepoint Uranium (PTUUF) complete at Russell South?
When is Purepoint Uranium (PTUUF) planning its next airborne survey at Russell South?
