Purepoint Uranium Provides Q2 Corporate Update on Exploration Activities
Purepoint Uranium Group (PTUUF) has provided a Q2 2025 corporate update on its exploration activities across multiple uranium projects in Canada's Athabasca Basin. Smart Lake Joint Venture with Cameco is currently drilling four holes totaling 1,400 metres, targeting conductors in the Groomes Lake corridor.
The Dorado Joint Venture with IsoEnergy is scheduled to begin in Q2 2025, with plans for 6,100 metres across 17 holes. The Aurora Joint Venture has deferred its airborne geophysical survey of Collins Bay Extension to summer 2025. The Celeste Joint Venture has secured permits for Block East region with initial drilling planned for late Q3.
At Denare West, partner Foran Mining completed a VTEM Max airborne EM survey, identifying conductive anomalies near their McIlvenna Bay deposit under a $19 million option agreement. The Tabbernor Project has defined three priority zones through a FALCON gravity and magnetic survey, with 2025 exploration permits secured for follow-up work.
Purepoint Uranium Group (PTUUF) ha fornito un aggiornamento aziendale sul secondo trimestre del 2025 riguardante le sue attività di esplorazione in diversi progetti di uranio nella regione di Athabasca in Canada. Il Smart Lake Joint Venture con Cameco sta attualmente perforando quattro pozzi per un totale di 1.400 metri, mirando a conduttori nel corridoio di Groomes Lake.
Il Dorado Joint Venture con IsoEnergy è programmato per iniziare nel secondo trimestre del 2025, con piani per 6.100 metri distribuiti su 17 pozzi. Il Aurora Joint Venture ha rinviato il suo sondaggio geofisico aereo della Collins Bay Extension all'estate del 2025. Il Celeste Joint Venture ha ottenuto i permessi per la regione di Block East, con perforazioni iniziali previste per la fine del terzo trimestre.
Presso Denare West, il partner Foran Mining ha completato un sondaggio EM aereo VTEM Max, identificando anomalie conduttive vicino al loro deposito di McIlvenna Bay sotto un accordo di opzione da 19 milioni di dollari. Il Tabbernor Project ha definito tre zone prioritarie attraverso un sondaggio di gravità e magnetico FALCON, con permessi di esplorazione per il 2025 già ottenuti per il lavoro di follow-up.
Purepoint Uranium Group (PTUUF) ha proporcionado una actualización corporativa del segundo trimestre de 2025 sobre sus actividades de exploración en varios proyectos de uranio en la cuenca de Athabasca, Canadá. La Smart Lake Joint Venture con Cameco está perforando actualmente cuatro pozos que suman 1,400 metros, apuntando a conductores en el corredor de Groomes Lake.
La Dorado Joint Venture con IsoEnergy está programada para comenzar en el segundo trimestre de 2025, con planes para 6,100 metros a través de 17 pozos. La Aurora Joint Venture ha pospuesto su encuesta geofísica aérea de Collins Bay Extension para el verano de 2025. La Celeste Joint Venture ha obtenido permisos para la región de Block East, con perforaciones iniciales previstas para finales del tercer trimestre.
En Denare West, el socio Foran Mining completó una encuesta EM aérea VTEM Max, identificando anomalías conductivas cerca de su depósito de McIlvenna Bay bajo un acuerdo de opción de 19 millones de dólares. El Tabbernor Project ha definido tres zonas prioritarias a través de una encuesta de gravedad y magnética FALCON, con permisos de exploración para 2025 asegurados para el trabajo de seguimiento.
Purepoint Uranium Group (PTUUF)는 캐나다 아사바스카 분지의 여러 우라늄 프로젝트에 대한 탐사 활동에 대한 2025년 2분기 기업 업데이트를 제공했습니다. Smart Lake 공동 투자는 Cameco와 함께 현재 1,400미터에 달하는 4개의 구멍을 뚫고 있으며, Groomes Lake 회랑의 전도체를 목표로 하고 있습니다.
Dorado 공동 투자는 IsoEnergy와 함께 2025년 2분기 시작될 예정이며, 17개의 구멍에 걸쳐 6,100미터를 계획하고 있습니다. Aurora 공동 투자는 Collins Bay Extension의 공중 지구물리학 조사를 2025년 여름으로 연기했습니다. Celeste 공동 투자는 Block East 지역에 대한 허가를 확보했으며, 초기 드릴링은 3분기 말에 예정되어 있습니다.
Denare West에서 파트너인 Foran Mining은 VTEM Max 공중 EM 조사를 완료하고, 1,900만 달러의 옵션 계약 아래에 있는 McIlvenna Bay 매장지 근처에서 전도성 이상을 식별했습니다. Tabbernor Project는 FALCON 중력 및 자기 조사로 세 개의 우선 지역을 정의했으며, 후속 작업을 위한 2025년 탐사 허가를 확보했습니다.
Purepoint Uranium Group (PTUUF) a fourni une mise à jour d'entreprise pour le deuxième trimestre 2025 concernant ses activités d'exploration dans plusieurs projets d'uranium dans le bassin d'Athabasca au Canada. Le Smart Lake Joint Venture avec Cameco est actuellement en train de forer quatre trous totalisant 1 400 mètres, visant des conducteurs dans le couloir de Groomes Lake.
Le Dorado Joint Venture avec IsoEnergy est prévu pour commencer au deuxième trimestre 2025, avec des plans pour 6 100 mètres répartis sur 17 trous. Le Aurora Joint Venture a reporté son enquête géophysique aérienne de la Collins Bay Extension à l'été 2025. Le Celeste Joint Venture a obtenu des permis pour la région de Block East, avec des forages initiaux prévus pour la fin du troisième trimestre.
À Denare West, le partenaire Foran Mining a complété une enquête EM aérienne VTEM Max, identifiant des anomalies conductrices près de leur dépôt de McIlvenna Bay dans le cadre d'un accord d'option de 19 millions de dollars. Le Tabbernor Project a défini trois zones prioritaires grâce à une enquête de gravité et magnétique FALCON, avec des permis d'exploration pour 2025 déjà obtenus pour le travail de suivi.
Purepoint Uranium Group (PTUUF) hat ein Unternehmensupdate für das zweite Quartal 2025 zu seinen Explorationsaktivitäten in mehreren Uranprojekten im Athabasca-Becken in Kanada bereitgestellt. Das Smart Lake Joint Venture mit Cameco bohrt derzeit vier Löcher mit insgesamt 1.400 Metern und zielt auf Leiter im Groomes Lake-Korridor ab.
Das Dorado Joint Venture mit IsoEnergy soll im zweiten Quartal 2025 beginnen, mit Plänen für 6.100 Meter über 17 Löcher. Das Aurora Joint Venture hat seine luftgestützte geophysikalische Untersuchung der Collins Bay Extension auf den Sommer 2025 verschoben. Das Celeste Joint Venture hat Genehmigungen für die Region Block East erhalten, mit anfänglichen Bohrungen, die für Ende Q3 geplant sind.
In Denare West hat der Partner Foran Mining eine VTEM Max luftgestützte EM-Untersuchung abgeschlossen und leitfähige Anomalien in der Nähe ihres McIlvenna Bay-Lagers unter einem Optionsvertrag über 19 Millionen Dollar identifiziert. Das Tabbernor Project hat drei priorisierte Zonen durch eine FALCON-Schwere- und Magnetuntersuchung definiert, wobei die Explorationsgenehmigungen für 2025 bereits für Folgemaßnahmen gesichert wurden.
- Multiple active joint ventures with major partners including Cameco, IsoEnergy, and Foran Mining
- $19 million option agreement with Foran Mining for Denare West project
- Secured exploration permits for multiple projects
- Extensive drilling programs planned across portfolio (7,500+ metres total)
- Aurora Joint Venture geophysical survey delayed to summer 2025
Toronto, Ontario--(Newsfile Corp. - April 2, 2025) - Purepoint Uranium Group Inc. (TSXV: PTU) (OTCQB: PTUUF) ("Purepoint" or the "Company") provided its Q2 corporate update on exploration activities across its portfolio of uranium projects in Canada's Athabasca Basin. This exploration update highlights the continued advancement of multiple high-priority targets as Purepoint executes on its 2025 exploration strategy alongside industry-leading joint venture partners.
Smart Lake Joint Venture (Cameco/Purepoint)
Field crews are currently on site, and drilling is underway at Smart Lake. The program is progressing well and consists of four holes totaling approximately 1,400 metres, targeting three discrete conductors identified during the 2024 ground EM survey of the Groomes Lake corridor.
These drill targets represent previously untested areas of strong conductivity associated with a favourable structural setting. Drilling is expected to conclude by the end of April.
Dorado Joint Venture (IsoEnergy/Purepoint)
Following the completion of the Smart Lake program, drilling is scheduled to begin at the Dorado Project in Q2 2025.
The approved program includes approximately 6,100 metres across 17 holes. Drilling will test a series of graphitic conductors that wrap around a central granitic dome, with target areas prioritized based on a consolidated geological model that now includes both the Turnor Lake and Geiger regions.
Exploration permits for Edge and Full Moon are in hand, and the Turnor Lake permit amendment has also been approved.
Aurora Joint Venture (IsoEnergy/Purepoint)
- The airborne geophysical survey originally scheduled for early 2025 has been deferred to later this summer. The survey will cover the Collins Bay Extension and is intended to refine shallow targets in proximity to the McClean Lake and Rabbit Lake infrastructure.
Celeste Joint Venture (IsoEnergy/Purepoint)
- Permitting for 2025 exploration is complete for the Celeste Block East region, where initial drilling in late Q3 is planned to test shallow conductor systems. The broader Celeste Block remains in early-stage target development with future drilling subject to additional refinement of geophysical results.
Denare West (Foran Mining/Purepoint)
In February, the Company reported Foran Mining's completion and interpretation of a VTEM Max airborne EM survey across the Denare West project. Located 9 kilometres southeast of Foran's McIlvenna Bay deposit, the survey identified numerous conductive anomalies consistent with the geologic horizon that hosts other known VMS deposits in the region.
Results from the airborne EM survey are now being modeled and integrated with historical datasets to prioritize drill targets. Foran continues to advance the project under a
$19 million option agreement.
Tabbernor Project (
- The recently reported interpretation of the 7,549 line-kilometre FALCON gravity and magnetic survey has defined three priority zones exhibiting gravity low anomalies associated with potential hydrothermal alteration. Planning for the 2025 exploration program is underway, and the required exploration permit has been received. Follow-up work is expected to include boulder sampling, drilling, prospecting, and soil geochemistry.
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.
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/247032
FAQ
What is the scope of Purepoint Uranium's (PTUUF) Smart Lake drilling program in Q2 2025?
How many drill holes are planned for PTUUF's Dorado Joint Venture in Q2 2025?
What did the VTEM survey reveal at PTUUF's Denare West project?
What are the exploration plans for PTUUF's Tabbernor Project in 2025?
