Purepoint Uranium Project Update
Purepoint Uranium Group (TSXV: PTU, OTCQB: PTUUF) has provided updates on its exploration activities across multiple projects in Canada's Athabasca Basin. At the Smart Lake Joint Venture with Cameco, a TEM survey was completed in December, with data interpretation pending. Diamond drilling at the Groomes Lake conductor is planned for late March.
The Hook Lake Joint Venture with Cameco and Orano will focus on follow-up drilling at the Lightning Zone discovery and testing NexGen Energy's Patterson East trend extension. The IsoEnergy Joint Venture expects to commence drilling in Q2 2025, with a NI 43-101 technical report on the Geiger project due in the same quarter.
At Denare West, Foran Mining conducted a VTEM plus survey to investigate links to their McIlvenna Bay deposit. The Tabbernor Project completed a 7,549 line-km FALCON gravity survey in 2024. Additionally, the company has approved 1,275,000 options at $0.30 per share with a five-year expiry for its board, management, and staff.
Purepoint Uranium Group (TSXV: PTU, OTCQB: PTUUF) ha fornito aggiornamenti sulle sue attività di esplorazione in diversi progetti nella Basin di Athabasca, in Canada. Presso il Smart Lake Joint Venture con Cameco, è stato completato un sondaggio TEM a dicembre, con l'interpretazione dei dati ancora in attesa. Sono previsti lavori di perforazione con diamante presso il conduttore di Groomes Lake per la fine di marzo.
Il Hook Lake Joint Venture con Cameco e Orano si concentrerà sulla perforazione di follow-up nella scoperta della Lightning Zone e sul collaudo dell'estensione del trend di Patterson East di NexGen Energy. Il IsoEnergy Joint Venture prevede di iniziare la perforazione nel secondo trimestre del 2025, con un rapporto tecnico NI 43-101 sul progetto Geiger previsto nello stesso trimestre.
Presso Denare West, Foran Mining ha condotto un sondaggio VTEM plus per indagare collegamenti con il loro deposito di McIlvenna Bay. Il Tabbernor Project ha completato un sondaggio di gravità FALCON di 7.549 km di linee nel 2024. Inoltre, l'azienda ha approvato 1.275.000 opzioni a $0,30 per azione con una scadenza di cinque anni per il suo consiglio, management e staff.
Purepoint Uranium Group (TSXV: PTU, OTCQB: PTUUF) ha proporcionado actualizaciones sobre sus actividades de exploración en varios proyectos en la cuenca de Athabasca, Canadá. En el Smart Lake Joint Venture con Cameco, se completó un estudio TEM en diciembre, y la interpretación de los datos está pendiente. Se planea realizar perforaciones diamantinas en el conductor de Groomes Lake para finales de marzo.
El Hook Lake Joint Venture con Cameco y Orano se centrará en la perforación de seguimiento en el descubrimiento de Lightning Zone y en probar la extensión de la tendencia Patterson East de NexGen Energy. Se espera que el IsoEnergy Joint Venture comience a perforar en el segundo trimestre de 2025, y se presentará un informe técnico NI 43-101 sobre el proyecto Geiger en el mismo trimestre.
En Denare West, Foran Mining realizó un estudio VTEM plus para investigar conexiones con su depósito de McIlvenna Bay. El Tabbernor Project completó un estudio de gravedad FALCON de 7,549 km de líneas en 2024. Además, la empresa ha aprobado 1,275,000 opciones a $0.30 por acción con una expiración de cinco años para su junta directiva, gerencia y personal.
Purepoint Uranium Group (TSXV: PTU, OTCQB: PTUUF)는 캐나다 아타바스카 분지의 여러 프로젝트에 대한 탐사 활동 업데이트를 제공하였습니다. Cameco와 함께하는 Smart Lake Joint Venture에서는 12월에 TEM 조사가 완료되었으며, 데이터 해석이 기다려지고 있습니다. Groomes Lake 전도체에서의 다이아몬드 드릴링은 3월 말에 계획되어 있습니다.
Cameco 및 Orano와 함께하는 Hook Lake Joint Venture는 Lightning Zone 발견에 대한 추가 드릴링과 NexGen Energy의 Patterson East 트렌드 확장 테스트에 집중할 예정입니다. IsoEnergy Joint Venture는 2025년 2분기부터 드릴링을 시작할 것으로 예상하며, 동일 분기에 Geiger 프로젝트에 대한 NI 43-101 기술 보고서가 발표될 예정입니다.
Denare West에서는 Foran Mining이 McIlvenna Bay 매장지와의 연관성을 조사하기 위해 VTEM plus 조사를 실시했습니다. Tabbernor Project는 2024년에 7,549km의 FALCON 중력 조사를 완료했습니다. 또한, 회사는 이사회, 경영진 및 직원에게 5년 만료 일자의 주당 $0.30로 1,275,000개의 옵션을 승인했습니다.
Purepoint Uranium Group (TSXV: PTU, OTCQB: PTUUF) a fourni des mises à jour sur ses activités d'exploration à travers plusieurs projets dans le bassin d'Athabasca, au Canada. Au sein du Smart Lake Joint Venture avec Cameco, une enquête TEM a été complétée en décembre, et l'interprétation des données est en attente. Un forage au diamant est prévu pour la fin mars sur le conducteur de Groomes Lake.
Le Hook Lake Joint Venture avec Cameco et Orano se concentrera sur le forage de suivi de la découverte de la Lightning Zone et sur l'essai de l'extension de la tendance Patterson East de NexGen Energy. Le IsoEnergy Joint Venture prévoit de commencer le forage au deuxième trimestre 2025, avec un rapport technique NI 43-101 sur le projet Geiger prévu pour le même trimestre.
À Denare West, Foran Mining a réalisé une enquête VTEM plus pour examiner les liens avec leur dépôt de McIlvenna Bay. Le Tabbernor Project a complété une enquête de gravité FALCON de 7 549 km de lignes en 2024. De plus, l'entreprise a approuvé 1 275 000 options à 0,30 $ par action avec une expiration de cinq ans pour son conseil, sa direction et son personnel.
Purepoint Uranium Group (TSXV: PTU, OTCQB: PTUUF) hat Updates zu seinen Explorationsaktivitäten in mehreren Projekten im Athabasca-Becken, Kanada, bereitgestellt. Im Smart Lake Joint Venture mit Cameco wurde im Dezember eine TEM-Untersuchung abgeschlossen, und die Dateninterpretation steht noch aus. Es sind Diamantbohrungen am Groomes Lake-Leiter für Ende März geplant.
Das Hook Lake Joint Venture mit Cameco und Orano wird sich auf Folgedrillungen im Lightning Zone-Fund und die Testung der Erweiterung des Patterson East-Trends von NexGen Energy konzentrieren. Das IsoEnergy Joint Venture plant, im 2. Quartal 2025 mit dem Bohren zu beginnen, und ein NI 43-101-Technikbericht über das Geiger-Projekt wird im selben Quartal fällig.
In Denare West hat Foran Mining eine VTEM-plus-Untersuchung durchgeführt, um Verbindungen zu ihrem McIlvenna Bay-Vorkommen zu untersuchen. Das Tabbernor Project hat 2024 eine FALCON-Schwereuntersuchung über 7.549 Linienkilometer abgeschlossen. Darüber hinaus hat das Unternehmen 1.275.000 Optionen zu einem Preis von 0,30 $ pro Aktie mit einer fünfjährigen Laufzeit für seinen Vorstand, das Management und das Personal genehmigt.
- Multiple active joint ventures with major uranium companies (Cameco, Orano, IsoEnergy)
- Comprehensive exploration program across multiple properties
- New drilling program scheduled for Q2 2025
- None.
Toronto, Ontario--(Newsfile Corp. - January 20, 2025) - Purepoint Uranium Group Inc. (TSXV: PTU) (OTCQB: PTUUF) ("Purepoint" or the "Company") is pleased to provide a brief update on the progress of its exploration activities across its portfolio of projects in Canada's Athabasca Basin. The exploration update is intended to keep stakeholders informed of ongoing work and upcoming plans as we advance our strategic initiatives.
Smart Lake Joint Venture (Cameco/Purepoint)
- A transient electromagnetic (TEM) survey was completed in December. The ground survey was designed to refine drill targets for the upcoming drill campaign. The resulting data is currently being interpreted by Cameco and should be available later this month.
- The previously announced diamond drilling program targeting the northern Groomes Lake conductor is scheduled to commence in late March. Seasonal daylight and ground conditions will dictate the timing of this helicopter supported program.
Hook Lake Joint Venture (Cameco/Orano/Purepoint)
- Key focus areas include follow-up drilling at last year's discovery in the Lightning Zone; and
- Testing the northern extension of NexGen Energy Corp's Patterson East trend, where the target conductor extends into Hook Lake for approximately 1 km.
IsoEnergy/Purepoint Joint Venture (IsoEnergy/Purepoint)
- Plans and budgets for the 2025 exploration year are currently being approved with further details to be released shortly.
- Drilling is expected to commence in Q2 2025.
- Work has commenced on the preparation of a NI 43-101 compliant technical report on the Geiger project as a regulatory requirement of last year's transaction. The report will be filed later in Q2 2025.
Denare West (Foran Mining/Purepoint)
- A VTEM plus Airborne Electromagnetic survey was conducted in the Fall of 2024 by Foran to assist in confirming a geological link to their McIlvenna Bay VMS deposit.
- Results are currently being interpreted and will be available shortly.
Tabbernor Project (
- An airborne FALCON gravity survey by Xcalibur covered 7,549 line-km, focusing on mapping the extensive fault system was conducted in 2024.
- The interpretation of the resulting data has now been completed and the results will be disseminated shortly.
Purepoint remains committed to advancing its projects through focused exploration and community collaboration as we respond to growing demand for uranium. Further updates will be provided as work progresses.
Options
The Company has approved the issuance of a total of 1,275,000 options to its Board of Directors, management and certain staff members pursuant to the Company's Omnibus Equity Incentive Compensation Plan. The options are exercisable at a price of
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 McIlvenna 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.
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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/237682
FAQ
When will PTUUF begin drilling at the Smart Lake Joint Venture?
What are the terms of PTUUF's newly issued stock options?
What exploration activities did PTUUF complete at Smart Lake in December 2024?
When will PTUUF release the NI 43-101 technical report for the Geiger project?
What is the scope of PTUUF's FALCON gravity survey at the Tabbernor Project?
