Purepoint Uranium drills 0.3 m of 1.65% U3O8 at Dorado
IsoEnergy’s Dorado JV reported 0.3m at 1.65% U3O8, an immaterial result for the company’s C$1B portfolio.
Purepoint Uranium Group Inc., operator of the 50/50 Dorado joint venture with IsoEnergy Ltd., has reported assay results from the 2026 winter drill program at the Nova target. The program focused on geological and structural controls and refining the geometry of the Nova EM conductor.
Key results include:
- NV26-05: 1.65% U3O8 over 0.3 m from 390.4 m; average downhole gamma response of 61,070 cps over 0.3 m.
- NV26-03A: 0.04% U3O8 over 3.9 m from 412.6 m, including 0.10% U3O8 over 0.4 m; plus a separate 0.79% U3O8 over 0.4 m from 418.2 m, with 37,050 cps gamma.
Additional mineralization is reported in holes NV26-01, NV26-02, NV26-04, NV26-06A, NV26-07, NV26-08 and NV26-09A, but no grades, widths or depths are provided. The release states the 2026 summer drill program is complete with results to be reported shortly.
IsoEnergy Ltd. (ISO) reported modest narrow mineralization from its Dorado joint venture, an early-stage exploration target. The company holds a market capitalization near C$1.02 billion and maintains a high-grade 48.6 Mlb U3O8 indicated resource at Hurricane, alongside a diversified uranium portfolio across Canada, the US, and Australia.
The prior Nova high-grade discovery was not clearly embedded in IsoEnergy’s share price as a major standalone driver. The stock has round-tripped from roughly C$10.62 in November 2025 to C$18.09 in May 2026 and back to C$15.69, driven largely by broader uranium sentiment, financing, and corporate activity.
IsoEnergy Ltd. is a pre-revenue uranium exploration and development company traded on the TSX and NYSE American. Its primary asset is the Larocque East / Hurricane Deposit in Saskatchewan, which hosts 48.6 Mlb U3O8 at 34.5% U3O8 Indicated resources, along with inferred resources, representing one of the highest-grade indicated uranium resources globally.
The company also holds a Utah portfolio comprising permitted, past-producing projects including Tony M, Daneros, Rim, Sage Plain, and Flatiron. A bulk sample was completed at Tony M to inform a Preliminary Economic Assessment. In Western Australia, IsoEnergy acquired the Wiluna project through the Toro Energy acquisition, which was completed in June 2026. Additionally, the company maintains a 50/50 joint venture with Purepoint Uranium, which serves as the operator, for the early-stage Nova discovery.
As at H1 2026, IsoEnergy held approximately C$122.9 million in cash and C$41.8 million in marketable securities, providing full funding through December 2026.