Purepoint Uranium Expands Nova Discovery at Dorado Project with Strong Winter Drill Results

Why It Matters

The expanded Nova mineralization validates Dorado’s uranium potential, increasing Purepoint’s ability to attract capital and advance toward a commercial resource.

Key Takeaways

• Nova discovery shows >8% uranium over multiple drill holes.
• Winter drilling extended mineralization over a kilometer at Dorado.
• Consistent mineralization found in most holes, confirming repeatability.
• Mobile MT surveys planned to map structures across the entire project.
• Summer drilling will resume, targeting Nova extension and new targets.

Summary

Purepoint Uranium Group reported robust winter drilling results that expand the Nova uranium discovery at its Dorado joint‑venture with IsoEnergy. The announcement follows last year’s initial hit of more than 8% uranium in two to three drill holes, which prompted a focused follow‑up program.

The winter campaign demonstrated that mineralization extends for roughly a kilometer, with most holes showing detectable uranium and several delivering 17,000‑18,000 counts per second over nearly two meters. This consistency confirms the repeatability of the grade and provides a clearer structural roadmap for future work.

CEO Chris Frostad emphasized the significance, stating, “We’re into something pretty significant here,” and highlighted the upcoming mobile magnetotelluric (MT) surveys that will delineate subsurface structures across the entire Dorado district. He also noted that helicopter access will be required for the next summer drilling phase.

The results bolster Dorado’s prospectivity, potentially easing financing and positioning Purepoint for a resource estimate. The expanded footprint and improved geological understanding also enhance the JV’s strategic value in the competitive uranium market.

Original Description

Purepoint Uranium Group CEO Chris Frostad joined Steve Darling from Proactive to report strong results from the company’s winter 2026 drill program at the Nova Discovery, part of the Dorado Joint Venture Project in Saskatchewan’s Athabasca Basin.

Purepoint, operator of the 50/50 joint venture with IsoEnergy, completed 5,210 metres of drilling across nine holes within the Nova Zone. The program successfully extended both uranium mineralization and favourable geology, further strengthening the discovery.

Downhole probe readings reached a peak of 73,100 counts per second, building on previously reported assay grades of up to 8.1% U₃O₈ at the Nova Discovery. Assay results from the winter 2026 program are currently pending.

Frostad noted that the drilling campaign expanded mineralization at Nova and extended the associated geological contact to approximately one kilometre in strike length. The results have also helped establish a more refined targeting framework to support continued exploration and expansion.

Looking ahead, regional drilling at the Dorado Joint Venture Project is expected to resume in late June 2026. In addition, an airborne MobileMT survey is planned for the spring, with interpretation results set to guide summer drill targeting.

#proactiveinvestors #purepointuraniumgroup #tsxv #ptu #otcqb #ptuuf #UraniumExploration #DoradoProject #NorthernSaskatchewan #NovaDiscovery #IsoEnergy #HighGradeUranium #MiningExploration #DrillingResults #Geophysics #ResourceExpansion #NuclearEnergy #CriticalMinerals #ExplorationUpdate #SaskatchewanMining