TORONTO, ONTARIO–(Newsfile Corp. – April 26, 2023)– Purepoint Uranium Group Inc. (TSXV: PTU) (OTCQB: PTUUF) (“pure point” or “company) today provided an update on the wholly owned Red Willow Project in northern Saskatchewan, Canada, the wholly owned Tabbernor Project and the recently completed winter uranium exploration program at the Hook Lake Joint Venture.

“I am pleased to report that this winter session has been busy and very productive. In addition to the excellent results we have previously announced from our Hook Lake joint venture, we are pleased to share our drilling efforts at the Osprey in Geneva. The Red Willow Project’s Radon Lake Zones continues to demonstrate that uranium mineralization and alteration are present throughout this facility,” said Scott Frostad, Purepoint’s vice president of exploration. increase. “We have also made great strides in the Tabbernor project by using the results of our recent VTEM survey to secure additional prospective ground. We consolidated the claims of the North and South, thereby expanding the project to 70,598 hectares.”

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• The Red Willow project completed 3,854 meters of diamond drilling in 15 holes spanning the Osprey, Geneva and Radon Lake zones.

• Given the size of the property and the number of targets yet to be tested, a National Instrument 43-101 compliant technical report on the newly completed Red Willow project was submitted on Friday and can be found at the following URL: https://purepoint.ca/projects/red-willow/ – “Technical Report on the Red Willow Project, Northern Saskatchewan, Canada, April 28, 2023”.

• The company currently operates in Red Willow, Dancing Lake, Long Lake, Topping Island, Golden Eye, Ghost Lake, Horse Lake, Boundary, Geoffrey, Dominic and Canning Bay regions (46km total conductor).

• An additional 12,957 hectares of land were staked and the Tabbernor blocks connected to ensure the full length of the target conductors identified last summer. Additional information about the Tabbernor project will be provided in another release.

The winter training program at Red Willow continued to follow up on radioactivity along the EM conductors. The EM conductor is shared with the neighboring Orano/Denison Worley Project to the west for economic uranium mineralization hosted underground and inconformity. As we continue to identify favorable geology, extensive alterations, and elevated radioactivity throughout the project, we will extend our efforts to an additional 10 defined target zones within the site.

2023 Red Willow Important Training Results

red willow project

The 100% owned Red Willow property is located at the northern end of the Athabasca Basin Eastern Mining Corridor in northern Saskatchewan, Canada. The property is near several uranium deposits, including Orano Resources Canada Inc.’s JEB mine approximately 10 kilometers to the southwest and Cameco’s Eagle Point mine approximately 10 kilometers due south.

Red Willow consists of 17 mining areas with a total area of ​​40,116 hectares. Geophysical surveys conducted by Purepoint include airborne magneto-electromagnetic (VTEM) surveys, airborne radiometric surveys, geoslope array IP, polar dipole array IP, stationary and moving loop transient electromagnetics, and gravity . Detailed airborne VTEM surveys have provided magnetic results that are an excellent basis for interpreting the structure, whereas EM results mostly outline over 70 kilometers of conductors representing favorable graphitic lithology. I was.

Taverner Project

The 100% owned Taverner project has been staked along three major trends in the Taverner Fault System, a 1,500-kilometer deep crustal shear system that runs north through the Athabasca Basin. The system not only hosts more than 80 historic mines and gold yields, but also cross-cuts the basin’s mining trends in line with his eight uranium discoveries, the largest in the basin.

The Tabbernor Project comprises 31 claims totaling 70,598 hectares. The original blocks of three north-south claim groups (23 claims) that covered the Taverner structure were joined by an additional eight claims covering a strong east-northeast belt of conductive rock.

About Purepoint

Purepoint Uranium Group Inc. (TSXV: PTU) (OTCQB: PTUUF) actively operates an exploration pipeline of 12 advanced projects in Canada’s Athabasca Basin. In addition to its flagship joint venture project at Hook Lake with partners Cameco and Orano, and his second joint venture with Cameco at Smart Lake, Purepoint is pleased to announce that his We also have 100% owned projects. With an active exploration program underway with multiple projects, Purepoint has emerged as the preeminent uranium probe in the world’s most abundant uranium region.

Scott Frostad BSc, MASc, PGeo, Exploration, Vice President of Purepoint, is the qualified person responsible for the technical content of this release.

For more information, please contact:
Chris Frostad, President and CEO
Phone: (416) 603-8368
Email: This email address is being protected from spambots. JavaScript must be enabled to view.

For more information, visit our new website at: https://purepoint.caTwitter feed: @Pure Point U3O8 or our LinkedIn page @Purepoint – Uranium.

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Disclosure Regarding Forward-Looking Statements

This press release contains predictions and forward-looking information that involve various risks and uncertainties regarding future events. Such forward-looking information may include, but is not limited to, statements based on current expectations that involve a number of risks and uncertainties and is not a guarantee of our future performance. is not. These risks and uncertainties could cause actual results and our plans and objectives to differ materially from those expressed in forward-looking information. Actual results and future events could differ materially from those projected by such information. These and all subsequent written and oral forward-looking information are based on management’s estimates and opinions as of the date they were prepared and are expressly qualified in their entirety by this notice.