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Purepoint Commences First-Pass Drilling at District-Scale Tabbernor Project

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Purepoint Uranium (OTCQB: PTUUF) has initiated its first drill program at the 100%-owned Tabbernor Project near Saskatchewan's Athabasca Basin. The 1,500-metre program will test five drill targets across a 60-kilometre-long corridor of graphitic conductors.

The project, spanning over 51,670 hectares, is strategically located along the Tabbernor Fault System, a 1,500-kilometre crustal shear system. The company has conducted extensive exploration work including airborne VTEM, MobileMT, gravity surveys, and structural mapping to identify promising targets. The area, despite its proximity to uranium-bearing zones and structural advantages, has remained largely unexplored for uranium deposits.

Purepoint Uranium (OTCQB: PTUUF) ha avviato il suo primo programma di trivellazione nel progetto Tabbernor, al 100% di proprietà, vicino al bacino Athabasca in Saskatchewan. Il programma di 1.500 metri testerà cinque obiettivi di trivellazione lungo un corridor di 60 chilometri di conduttori grafitici.

Il progetto, che si estende su 51.670 ettari, è strategicamente situato lungo il Tabbernor Fault System, un sistema di falda crustale lungo 1.500 chilometri. La società ha condotto estesi lavori di esplorazione, tra cui VTEM aerea, MobileMT, rilievi gravimetrico e mappature strutturali per identificare obiettivi promettenti. L'area, nonostante la vicinanza a zone ricche di uranio e i vantaggi strutturali, è rimasta in gran parte inesplorata per giacimenti di uranio.

Purepoint Uranium (OTCQB: PTUUF) ha iniciado su primer programa de perforación en el Proyecto Tabbernor, 100% propiedad, cerca de la cuenca Athabasca en Saskatchewan. El programa de 1.500 metros probará cinco blancos de perforación a lo largo de un corredor de 60 kilómetros de conductores grafíticos.

El proyecto, que abarca más de 51.670 hectáreas, está estratégicamente ubicado a lo largo del Tabbernor Fault System, un sistema de falla cortical de 1.500 kilómetros. La empresa ha llevado a cabo extensos trabajos de exploración, incluyendo VTEM aerotransportado, MobileMT, levantamientos gravimétricos y mapeo estructural para identificar objetivos prometedores. La zona, a pesar de su proximidad a zonas portadoras de uranio y de sus ventajas estructurales, ha permanecido en gran medida inexplorada para depósitos de uranio.

Purepoint Uranium (OTCQB: PTUUF)가 Saskatchewan의 Athabasca Basin 인근의 100% 소유 Tabbernor 프로젝트에서 첫 드릴 프로그램을 시작했습니다. 1,500미터 프로그램은 그래파이트 전도체의 60km 길이의 코리도어 전역에 걸쳐 다섯 개의 드릴 타깃을 시험합니다.

프로젝트는 51,670헥타르를 넘으며, 1,500km의 지각 절골 시스템인 Tabbernor Fault System을 따라 전략적으로 위치해 있습니다. 회사는 항공 VTEM, MobileMT, 중력 측정 및 구조 매핑 등을 포함한 광범위한 탐사를 수행해 유망한 타깃을 식별했습니다. 이 지역은 우라늄이 풍부한 지대와 구조적 이점을 가진 지역에 인접해 있음에도 불구하고, 우라늄 매장지로서는 상당 부분 미개척 상태였습니다.

Purepoint Uranium (OTCQB: PTUUF) a lancé son premier programme de forage sur le projet Tabbernor, entièrement détenu à 100 %, près du bassin d'Athabasca, en Saskatchewan. Le programme de 1 500 mètres testera cinq cibles de forage sur un corridor de 60 kilomètres de conducteurs graphitiques.

Le projet, qui couvre plus de 51 670 hectares, est stratégiquement situé le long du Tabbernor Fault System, un système de cisaillement crustal de 1 500 kilomètres. L'entreprise a mené des travaux d'exploration approfondis, notamment VTEM aérien, MobileMT, levés gravimétriques et cartographie structurale pour identifier des cibles prometteuses. La zone, malgré sa proximité de zones porteuses d'uranium et ses avantages structurels, est restée en grande partie inexplorée pour des gisements d'uranium.

Purepoint Uranium (OTCQB: PTUUF) hat sein erstes Bohrprogramm im zu 100 % im Eigentum befindlichen Tabbernor-Projekt in der Nähe des Athabasca-Beckens in Saskatchewan gestartet. Das 1.500-Meter-Programm wird fünf Bohrziele in einem 60 Kilometer langen Korridor grafitischer Leitströme testen.

Das Projekt erstreckt sich über 51.670 Hektar und liegt strategisch entlang des Tabbernor Fault System, eines 1.500 Kilometer langen Krustenscherverfahrens. Das Unternehmen hat umfangreiche Erkundungsarbeiten wie Flug VTEM, MobileMT, Gravimetrie und Strukturkartierung durchgeführt, um vielversprechende Ziele zu identifizieren. Das Gebiet, trotz der Nähe zu Uran führenden Zonen und struktureller Vorteile, blieb für Uranlagerstätten weitgehend unerforscht.

Purepoint Uranium (OTCQB: PTUUF) قد بدأ برنامجه الأول للحفر في مشروع Tabbernor المملوك بنسبة 100% بالقرب من حوض أثابسكا في ساسكاتشوان. البرنامج بطول 1,500 متر سيختبر خمسة أهداف حفر على طول ممر بطول 60 كيلومتراً من الموصلات الجرافيتية.

المشروع الذي يمتد على أكثر من 51,670 هكتاراً، يقع استراتيجياً على طول Tabbernor Fault System وهو نظام كبح قشرة أرضية بطول 1,500 كيلومتر. قامت الشركة بتنفيذ أعمال استكشافية موسعة بما في ذلك VTEM جوي، MobileMT، المسوحات الجاذبية، وتخطيط هيكلي لتحديد أهداف واعدة. المنطقة، رغم قربها من مناطق حاملة لليورانيوم ومزاياها الهيكلية، ظلت إلى حد كبير غير مستكشفة لاستخراج اليورانيوم.

Purepoint Uranium (OTCQB: PTUUF) 已在位于萨斯喀彻温省 Athabasca 盆地附近、完全自有的 Tabbernor 项目启动首个钻探计划。1,500米计划将测试穿过一个60公里长的石墨导体带的五个钻探靶点。

该项目覆盖了51,670公顷,沿着 Tabbernor Fault System 的走向具有战略意义,这是一个1,500公里的地壳剪切系统。公司已经开展了包括航空 VTEM、MobileMT、重力勘探和结构制图在内的广泛勘探工作,以识别有前景的靶点。尽管该区域靠近含铀区且具有结构优势,但在铀矿床方面长期未被充分勘探。

Positive
  • Strategic location along three major trends of the Tabbernor Fault System, near 8 of the Basin's largest uranium discoveries
  • 100% ownership of extensive 51,670-hectare property with 100 km of electromagnetic conductors
  • Project located 40 km south of Cameco's Eagle Point deposit
  • Recent drilling on adjacent property showed significant mineralization
Negative
  • First-pass drilling with no historical uranium exploration in the area
  • Results and commercial viability yet to be proven

Toronto, Ontario--(Newsfile Corp. - September 30, 2025) - Purepoint Uranium Group Inc. (TSXV: PTU) (OTCQB: PTUUF) ("Purepoint" or the "Company") today announced the launch of its inaugural drill program at the 100%-owned Tabbernor Project, located on the southeastern edge of Saskatchewan's Athabasca Basin. The 1,500-metre program will test five drill targets distributed across two of the three high-priority areas defined within a 60-kilometre-long corridor of graphitic conductors. These targets were identified following extensive geophysical and structural interpretation work (see Purepoint News Release, February 24, 2025).

"Tabbernor hosts a highly underexplored structural corridor in the Basin district with scale, structure, and proximity to known mineralization," said Chris Frostad, President and CEO of Purepoint. "We've spent the past two years systematically preparing to test this largely untouched corridor, and this program marks our first step in defining its potential. Our goal is to prioritize areas for more focused drilling in the years ahead."

Highlights

  • District-scale structural/electromagnetic corridor: Approximately 100 km of electromagnetic (EM)conductors, known to be locally graphitic, have been mapped within the project through extensive airborne and ground geophysics.

  • Five targets to be tested across a 1,500-metre program—spanning multiple structural domains.

  • First-pass drilling conducted on the project, now supported by airborne VTEM, MobileMT, gravity, and soil geochemical anomalies.

  • Strong uranium pathfinders identified by Purepoint in soil sampling along the same structural corridors as nearby mineralized intercepts.

The Tabbernor Project spans more than 50,000 hectares and is positioned along the northern extension of the Tabbernor Fault System—an extensive crustal break known to control gold mineralization to the south and uranium occurrences in the Basin. Despite the project's structural advantages and proximity to uranium-bearing zones, the area has never been properly drill tested for uranium.

Over the past four years, Purepoint has advanced the project through comprehensive exploration programs, including airborne VTEM, MobileMT and gravity surveys, and structural mapping. These efforts identified an extensive stretch of graphitic conductors with coincident gravity and magnetic lows—key markers for alteration halos that can be associated with uranium deposits.

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Figure 1: Enhanced Vertical Gravity Results from 2024 Airborne FALCON Gravity Survey over the Tabbernor Project

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Figure 2: Location of the Tabbernor Project

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Tabbernor Project
The 100%-owned Tabbernor Project is strategically positioned along three major trends of the Tabbernor Fault System, a deep seated, 1,500-kilometre crustal shear system that runs north through the Athabasca Basin. The system not only hosts over 80 historic mines and gold occurrences but also crosscuts the Basin's mine trend aligning itself with 8 of the Basin's largest uranium discoveries.

The Tabbernor project is roughly 40 kilometres south of Cameco's Eagle Point deposit and is comprised of 23 contiguous mineral claims covering an area of 51,670 hectares. The original three north-south claim groups that covered Tabbernor structures have now been expanded to include a strong east-northeast trending corridor of conductive rocks further enhancing the project's exploration potential.

Purepoint's current focus is the 60-kilometre graphitic corridor that cuts through the project, specifically, areas with gravity low responses and showing evidence of structural complexity. Notably, recent drilling on an adjacent property intersected significant mineralization associated with the central Tabbernor graphitic structure (see CanAlaska Uranium Ltd. press release, September 27, 2023).

Tabbernor Fault System
The Tabbernor Fault System (TFS) is a wide, >1,500 kilometre geophysical, topographic, and geological structural zone that trends approximately northward along Saskatchewan's eastern boundary. Purepoint's research has shown that although none of the province's currently known uranium deposits have been linked to the north-south trending TFS, localized shear zones hosting uranium mineralization may have an associated north-south structural component.

Reactivation of the TFS may have coincided with the age of formation of large uranium deposits in the Athabasca Basin (Davies, 1998). Davies also concluded that structural similarities between the TFS and mineralized areas suggest that the fault system may have had a control on the location of mineralization. More specifically, he considered that several deposits, such as the Sue, Midwest, Dawn Lake and Rabbit Lake all demonstrate a north-south control and strong Tabbernor-like characteristics.

Reference:
Davies, J.R. (1998): The origin, structural style, and reactivation history of the Tabbernor fault zone, Saskatchewan, Canada; Master's thesis, McGill University, Montreal, Quebec, 105p.

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 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.

Scott Frostad BSc, MASc, PGeo, Purepoint's Vice President, Exploration, is the Qualified Person responsible for technical content of this release.

For more information, please contact:
Chris Frostad, President & CEO
Phone: (416) 603-8368
Email: cfrostad@purepoint.ca

For additional information please visit our new website at https://purepoint.ca, our Twitter feed: @PurepointU3O8 or our LinkedIn page @Purepoint-Uranium.

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/268407

FAQ

What is the size of Purepoint Uranium's (PTUUF) first drill program at Tabbernor?

Purepoint's inaugural drill program at Tabbernor consists of 1,500 metres testing five drill targets across two high-priority areas.

How large is the Tabbernor Project and where is it located?

The Tabbernor Project spans 51,670 hectares and is located on the southeastern edge of Saskatchewan's Athabasca Basin, approximately 40 km south of Cameco's Eagle Point deposit.

What exploration work has Purepoint (PTUUF) completed at Tabbernor?

Purepoint has conducted extensive exploration including airborne VTEM, MobileMT, gravity surveys, structural mapping, and identified approximately 100 km of electromagnetic conductors.

Why is the Tabbernor Fault System significant for uranium exploration?

The Tabbernor Fault System is a 1,500-kilometre crustal shear system that aligns with 8 of the Basin's largest uranium discoveries and has shown potential control over the location of uranium mineralization.

What are the key features that make Tabbernor promising for uranium?

The project features graphitic conductors with coincident gravity and magnetic lows, which are key markers for alteration halos associated with uranium deposits, along with strong uranium pathfinders identified in soil sampling.
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