Purepoint Uranium Group Initiates Drill Program at Smart Lake JV in Saskatchewan’s Athabasca Basin
Toronto, Ontario – March 17, 2025 – Purepoint Uranium Group Inc. (TSXV: PTU) (OTCQB: PTUUF) (“Purepoint” or the “Company”) is excited to share that it has commenced a first-pass drill program at the Smart Lake Joint Venture (JV) project in Saskatchewan’s Athabasca Basin. This program, which will consist of four drill holes totaling approximately 1,400 metres, aims to test the conductive belt of rocks identified in the 2024 ground electromagnetic (EM) survey.
Background on the Smart Lake JV Project
The Smart Lake JV project is a strategic exploration partnership between Purepoint and Cameco Corporation, located in the eastern Athabasca Basin in northern Saskatchewan. The project covers over 25,000 hectares and is prospective for uranium mineralization. The area is known for its rich history in uranium mining, with numerous deposits discovered in the Athabasca Basin since the 1970s.
Significance of the 2024 Ground EM Survey
The 2024 ground EM survey was a significant milestone for the Smart Lake JV project. This survey, conducted by Purepoint and its JV partner, identified a high-priority conductive corridor extending over 3 kilometers in length. This corridor, named the Groomes Lake Conductive Corridor, represents a promising target for uranium mineralization.
First-Pass Drill Program Details
The first-pass drill program will test the Groomes Lake Conductive Corridor, targeting areas with the strongest conductive responses from the 2024 EM survey. The drill program is expected to provide crucial data on the geology and mineralization potential of the area. The drill holes will be spaced approximately 100 meters apart, allowing for an effective evaluation of the conductive belt.
Impact on the Local Community and the World
Local Community:
- The drill program is expected to create jobs and economic opportunities for the local community, as well as contribute to the development of the region.
- Purepoint is committed to working collaboratively with local stakeholders, including First Nations communities, to ensure that the exploration activities are carried out in a responsible and sustainable manner.
World:
- The successful discovery of uranium mineralization at the Smart Lake JV project could contribute to the global supply of uranium, an essential nuclear fuel.
- The project’s potential success could also encourage further exploration and development in the Athabasca Basin, which holds significant potential for uranium discoveries.
Conclusion
Purepoint Uranium Group’s first-pass drill program at the Smart Lake JV project marks an important step forward in the exploration for uranium mineralization in Saskatchewan’s Athabasca Basin. This program, which targets the Groomes Lake Conductive Corridor, has the potential to create local jobs, contribute to the global uranium supply, and encourage further exploration in the region. Purepoint remains committed to working with local stakeholders and conducting its exploration activities in a responsible and sustainable manner. Stay tuned for updates on the progress of the drill program and the results of the drill holes.
About Purepoint Uranium Group Inc.
Purepoint Uranium Group Inc. is a mineral exploration company that owns a portfolio of projects in the Athabasca Basin and the Thelon Basin, Saskatchewan. The Company’s focus is the discovery of uranium mineralization in the world’s largest uranium district.
