Purepoint and IsoEnergy Joint Venture Approves 2026 Program to Advance the Nova Discovery at the Dorado Project
Rhea-AI Summary
Purepoint Uranium Group (OTCQB: PTUUF) and partner IsoEnergy approved an expanded 2026 exploration program at the Dorado Project to follow up the Nova discovery. Nova returned assays to 8.1% U3O8 over 0.4 m within 2.1 m of 1.6% U3O8 in hole PG25-07A and remains open in all directions. The approved program totals 17 holes, 7,450 metres: a winter 2026 Nova expansion of 10 holes (≈4,300 m) focused on 800 m corridor step-outs to the northeast, and a summer 2026 district campaign of 7 helicopter-supported holes (≈3,150 m) across priority grids. An airborne magnetotellurics survey is planned for late winter/spring. Winter access work includes 8 km of existing trail use and 10 km of new trail construction.
Positive
- High-grade intercept: 8.1% U3O8 over 0.4 m within 2.1 m of 1.6% U3O8
- Large 2026 program: 17 holes totaling 7,450 metres
- Focused winter expansion: 10 holes (~4,300 m) targeting 800 m corridor
- District testing: 7 summer holes (~3,150 m) across multiple target grids
- Deep-targeting survey: airborne magnetotellurics planned late winter/spring
Negative
- Summer 2026 program contingent on winter results, creating timing uncertainty
- Field infrastructure build: 10 km of new trail construction may increase costs/delays
- Nova remains open in all directions, implying additional drilling required to define resource
News Market Reaction
On the day this news was published, PTUUF gained 4.02%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
While PTUUF was down -7.95%, uranium peers were mixed: APAAF +4.64%, BSENF +6.44%, NFUNF +11.9%, BKUCF -3.61%, MMTLF 0%, pointing to stock-specific pressure rather than a broad sector move.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Dec 04 | JV program approval | Positive | +4.0% | JV approved 2026 drill program to advance Nova discovery at Dorado. |
| Nov 12 | Drill program completion | Positive | +2.7% | Completed first-pass Tabbernor drilling; assays pending and options granted. |
| Sep 30 | Drilling commencement | Positive | -3.9% | Initiated first drill program at district-scale Tabbernor corridor. |
| Sep 18 | Discovery update | Positive | -0.5% | Reported high-grade uranium intercepts at Dorado joint venture. |
| Sep 18 | Discovery duplicate | Positive | -0.5% | Parallel release detailing the same high-grade Nova discovery results. |
Recent exploration and discovery updates often read positively but have produced mixed price reactions, with both rallies and selloffs following strong drill results.
Over the last few months, Purepoint has advanced multiple uranium projects. On Sep 18, 2025, joint discovery news at the Dorado Project reported up to 8.1% U₃O₈, yet the stock moved about -0.49%. The Tabbernor Project saw first-pass drilling commence on Sep 30, 2025 and complete by Nov 12, 2025, with modestly positive reaction to completion. Today’s Dorado joint-venture program approval on Dec 4, 2025 follows that discovery theme, and historically similar updates have produced relatively small but mixed price moves.
Market Pulse Summary
This announcement outlines a substantial 2026 exploration program of 17 holes and 7,450 metres to advance the Nova discovery at the Dorado Project, where drilling has returned up to 8.1% U₃O₈. It builds on earlier high-grade results and extends work across multiple target grids. Investors may watch for future assay releases, progress on the winter and summer drill campaigns, and how results compare to prior intercepts at Nova and other company projects.
Key Terms
u3o8 medical
magnetotellurics technical
airborne magnetotellurics survey technical
drill holes technical
helicopter supported drill program technical
AI-generated analysis. Not financial advice.
Toronto, Ontario--(Newsfile Corp. - December 4, 2025) - Purepoint Uranium Group Inc. (TSXV: PTU) (OTCQB: PTUUF) today announced that the Purepoint and IsoEnergy Joint Venture has approved an expanded exploration program for 2026 following strong results from this year's drilling at the Dorado Project. The Nova discovery ("Nova Discovery" or "Nova") returned uranium grades up to
"The joint venture's approval of the 2026 program reflects the significance of the Nova Discovery," said Chris Frostad, President and CEO of Purepoint Uranium Group. "Each step out delivered stronger mineralization, and the open northeastern extension has become our priority. The coming year allows us to advance Nova with purpose and begin evaluating additional high priority zones across the Dorado Project."
Highlights:
- The joint venture approved a dedicated exploration program to advance the Dorado Project (Figure 4) following up on this year's Nova Discovery which returned assays of
8.1% U3O8 over 0.4 metre within 2.1 metres of1.6% U3O8 - The approved program includes 17 holes totalling 7,450 metres across winter and summer campaigns
- Winter 2026 drill program (January - March) will focus on expanding Nova with 10 holes totalling approximately 4,300 metres
- District-scale summer 2026 drill campaign (July - August) will test priority targets with 7 holes totalling approximately 3,150 metres
- Airborne magnetotellurics survey is planned for late winter or spring
- Winter access and wetland drill pads will be established this month including 8 km of existing trail and 10 km of new trail construction
Program Summary
Winter 2026 - Nova Expansion
The winter drill program aims to advance the Nova Discovery with 10 skidder supported drill holes totaling 4,300 metres. Drilling will initially focus on the corridor between PG25-03 and PG25-07A, a distance of 800 metres, with 30 to 50 metre step outs to the northeast where the strongest mineralization was encountered. The Nova mineralization remains open in all directions.
Airborne Magnetotellurics (MT) Survey
A late winter or spring MT survey will be completed across the Serin, Laysan, Turaco, Q40, Q2 and Q48 grids to refine deeper structural targets.
Summer 2026 - District Scale Drilling Across the Dorado Project
A helicopter supported drill program of 7 holes totaling 3,150 metres will be undertaken in July and August to test conductive and structural targets across the Q23, Q24, Turaco, Laysan and Q40 grids.
The Summer program will be subject to change pending winter drill results.
Figure 1: Dorado Joint Venture Project
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3218/276850_3bd4d48a6409eb8c_002full.jpg
* See Qualified Person Statement below.
Figure 2: Location Map of 2025 Drill Program at Q48 Target Area and the new Nova Discovery
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https://images.newsfilecorp.com/files/3218/276850_3bd4d48a6409eb8c_003full.jpg
Figure 3: Vertical Longitudinal Section of the Nova Discovery
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3218/276850_purepointimage3.jpg
About the Dorado Project
The Dorado Project (Figure 1) is the flagship project of the IsoEnergy-Purepoint 50/50 joint venture, a partnership encompassing more than 98,000 hectares of prime uranium exploration ground. The Dorado Project includes the former Turnor Lake, Geiger, Edge, and Full Moon properties, all underlain by graphite-bearing lithologies and fault structures favorable for uranium deposition.
Recent drilling by IsoEnergy east of the Hurricane Deposit has intersected strongly elevated radioactivity in multiple holes. The anomalous radioactivity confirms the continuity of the fertile graphitic rock package and further highlights the opportunity for additional high-grade discoveries across the region.
The shallow unconformity depths across the Dorado Project property-typically between 30 and 300 metres-allow for highly efficient drilling and rapid follow-up on results.
Figure 4: IsoEnergy and Purepoint Uranium Joint Venture including, Dorado Project, Aurora Project and Celeste Block
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3218/276850_3bd4d48a6409eb8c_005full.jpg
* See Qualified Person Statement below.
Qualified Person Statement
The scientific and technical information contained in this news release relating to Purepoint was reviewed and approved by Scott Frostad BSc, MASc, P.Geo., Purepoint's Vice President, Exploration, who is a "Qualified Person" (as defined in NI 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101")).
About Purepoint
Purepoint Uranium Group Inc. (TSXV: PTU) (OTCQB: PTUUF) is a focused explorer with a dynamic portfolio of advanced projects within the renowned Athabasca Basin in Canada. Highly prospective uranium projects are actively operated on behalf of partnerships with industry leaders including Cameco Corporation, Orano Canada Inc. and IsoEnergy Ltd.
Additionally, the Company holds a promising VMS project currently optioned to and strategically positioned adjacent to and on trend with Foran Mining Corporation's McIlvenna Bay project. Through a robust and proactive exploration strategy, Purepoint is solidifying its position as a leading explorer in one of the globe's most significant uranium districts.
For more information, please contact:
Purepoint Uranium Group Inc.
Chris Frostad, President & CEO
Phone: (416) 603-8368
Email: cfrostad@purepoint.ca
Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this Press release.
Cautionary Statement Regarding Forward-Looking Information
This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". This forward-looking information may relate to additional planned exploration activities, including the timing thereof and the anticipated results thereof; and any other activities, events or developments that the companies expect or anticipate will or may occur in the future.
Forward-looking statements are necessarily based upon a number of assumptions that, while considered reasonable by management at the time, are inherently subject to business, market and economic risks, uncertainties and contingencies that may cause actual results, performance or achievements to be materially different from those expressed or implied by forward-looking statements. Such assumptions include, but are not limited to, that planned exploration activities are completed as anticipated; the anticipated costs of planned exploration activities, the price of uranium; that general business and economic conditions will not change in a materially adverse manner; that financing will be available if and when needed and on reasonable terms; and that third party contractors, equipment and supplies and governmental and other approvals required to conduct the Joint Venture's planned activities will be available on reasonable terms and in a timely manner. Although each of IsoEnergy and Purepoint have attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information.
Such statements represent the current views of IsoEnergy and Purepoint with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by IsoEnergy and Purepoint, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Risks and uncertainties include but are not limited to the following: the inability of the Joint Venture to complete the exploration activities as currently contemplated; ; uncertainty of additional financing; no known mineral resources or reserves; aboriginal title and consultation issues; reliance on key management and other personnel; actual results of technical work programs and technical and economic assessments being different than anticipated; regulatory determinations and delays; stock market conditions generally; demand, supply and pricing for uranium; and general economic and political conditions. Other factors which could materially affect such forward-looking information are described in the risk factors in each of IsoEnergy's and Purepoint's most recent annual management's discussion and analyses or annual information forms and IsoEnergy's and Purepoint's other filings with the Canadian securities regulators which are available, respectively, on each company's profile on SEDAR+ at www.sedarplus.ca. IsoEnergy and Purepoint do not undertake to update any forward-looking information, except in accordance with applicable securities laws.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/276850
FAQ
What drill program did Purepoint (PTUUF) approve for Dorado in 2026?
How significant was the Nova discovery assay reported by Purepoint (PTUUF)?
When will Purepoint (PTUUF) run the winter 2026 drilling at Nova?
Will Purepoint (PTUUF) conduct any geophysics at Dorado in 2026?
What parts of the Dorado project will the summer 2026 drill program test?
Does the 2026 program require new infrastructure for Purepoint (PTUUF)?
