Toronto, Ontario--(Newsfile Corp. - October 25, 2023) - Purepoint Uranium Group Inc. (TSXV: PTU) (OTCQB: PTUUF) ("Purepoint" or the "Company") today provided an update on its current exploration activities and plans for the coming winter season. As the price of uranium continues to rise, Purepoint is placing considerable emphasis on ensuring that it will be able to maximize the 2024 exploration drilling across its considerable portfolio of advanced projects in Canada's Athabasca Basin.

"Our focus this fall has been to complete all work necessary to bring our entire portfolio to a drill ready state," said Chris Frostad, President and CEO of Purepoint. "The company has clearly defined dozens of targets and it is our objective to drill as many as possible over the coming 12 to 18 months."

Highlights

Tabbernor Project - Purepoint is currently finalizing a 2,667 line-km airborne MobileMT (Mobile MagnetoTellurics) geophysical survey focused on the 50-kilometre graphitic corridor that cuts through the project. Also, a detailed soil geochemical survey covering approximately 2.5 kilometres of the electromagnetic (EM) conductor within a prospective area was completed earlier this month. Drilling on an adjacent property recently identified significant mineralization associated with the Tabbernor graphitic structure (see CanAlaska Uranium Ltd.'s press release, September 27, 2023).
Field Reconnaissance - The Company's geological teams recently completed field mapping of drill target areas at the Red Willow Project, the Carson Project and the Tabbernor Project to determine appropriate access to proposed drill sites.
Hook Lake & Smart Lake Projects - In early November, Purepoint and its Joint Venture partners, Cameco Corporation and Orano Canada Inc., will meet to review proposals and budgets for our January drilling and geophysical programs. At Hook Lake, the Company plans to follow up on this past winter's successful drill program at the Carter Corridor, where it encountered significant boron associated with uranium mineralization, a key pathfinder element for uranium deposits. see & read more on
https://www.newsfilecorp.com/release/185089/Purepoint-Uranium-Provides-Update-on-Exploration-Activities