Purepoint Uranium Group (TSX-V: PTU), based in Toronto, has established ambitious exploration plans for the remainder of the year for its portfolio of 10 wholly-owned projects and one joint venture asset in Canada’s Athabasca Basin.
The company’s program includes follow-up drilling at high-priority targets, initial drilling at more advanced prospects, and preliminary geophysical work on earlier stage properties.
Purepoint President and CEO Chris Frostad expressed the company’s interest in returning to the Red Willow project following a successful winter drilling campaign that identified a continuous corridor of elevated radioactivity associated with the Osprey Zone electromagnetic conductor. The discovery of anomalous radioactivity over a distance of 1.2 kilometers has generated excitement for the upcoming exploration program.
Drilling at Red Willow will resume in September to follow-up on promising structures identified during the winter program. Situated on the northern edge of the eastern Athabasca Basin mine corridor, Red Willow is strategically located near major uranium deposits including Orano Canada’s McLean Lake operation and Cameco Corporation’s Eagle Point mine.
Purepoint’s flagship project, Hook Lake, will undergo a deep-sensing ZTEM survey in June to refine drill targets and prepare for a follow-up exploration program. The project, a joint venture with Cameco and Orano, has yielded significant high-grade uranium discoveries and continues to be a focal point for the company’s exploration efforts.
The Athabasca Basin, known for hosting some of the world’s highest-grade uranium deposits, is a key region for Purepoint’s aggressive approach to advancing projects with strong uranium potential. With a focus on well-defined targets and historical significance, Purepoint aims to maximize the value of its portfolio during the current uranium market revival.
