IsoEnergy Ltd. (TSX: ISO, OTCQX: ISENF) and Purepoint Uranium Group Inc. (TSXV: PTU, OTCQB: PTUUF) have announced an ambitious exploration program for 2025, supported by a $5 million budget for their newly established 50/50 joint venture. This collaboration encompasses over 98,000 hectares in Saskatchewan’s eastern Athabasca Basin, consolidating ten high-value uranium projects into three key areas: the Dorado Project, the Aurora Project, and the Celeste Block.
The Dorado Project is strategically located along the Larocque conductive corridor, which is also home to IsoEnergy’s Hurricane Deposit. This project combines several properties, including Turnor Lake, Geiger, Edge, and most of Full Moon, into a singular high-priority exploration initiative. The focus will be on high-priority target zones characterized by graphitic conductors surrounding a central granitic dome. A comprehensive approach will integrate and reassess all historical geophysical data and drill hole geology.
Drilling activities in this area have indicated a shallow vertical depth to the unconformity, ranging from 27 to 133 meters. Notably, the Geiger property has shown promising results from historical drilling, with high-grade uranium mineralization recorded at 2.74% U₃O₈ over 1.2 meters in drill hole HL-50 along the H11 South conductor. The Geiger site features approximately 20 kilometers of graphitic conductors with significant untested gaps of up to 1,000 meters, suggesting considerable exploration potential.
For 2025, the joint venture plans to execute around 5,400 meters of drilling across 18 holes in this project.
Adjacent to the Dorado Project lies the Aurora Project, which includes parts of Full Moon, Red Willow, and Collins Bay Extension. This area presents significant near-surface uranium potential due to its proximity to established mines such as McClean Lake and Rabbit Lake. An airborne geophysical survey is scheduled for this year to further identify promising targets.
The Celeste Block incorporates properties such as Thorburn, North Thorburn, Madison, and 2Z, covering conductor trends east of the Cigar Lake Mine and southwest of both Rabbit Lake and McClean Lake mines. The sandstone thickness in this region varies from 60 meters at Madison to 350 meters at Thorburn, indicating relatively shallow target depths.
In the coming year, efforts will focus on drill testing recent geophysical results at Madison where historical drilling has been minimal, with only one hole drilled since 1989. Approximately 800 meters of drilling across four holes are planned for this area in 2025.
Chris Frostad, President and CEO of Purepoint Uranium Group Inc., expressed enthusiasm about the joint venture’s direction: “The 2025 Joint Venture program underscores our focus on advancing Dorado within the Larocque Trend, an area of exceptional potential.” He emphasized that while Dorado will be the centerpiece of their efforts this year, critical work on the Aurora and Celeste Block projects will ensure these targets remain primed for future exploration.
The joint venture between IsoEnergy and Purepoint marks a significant step forward in uranium exploration within one of the world’s most prolific mining regions. With a well-defined strategy and substantial financial backing, both companies are poised to leverage their combined expertise to uncover new uranium resources.