Purepoint Uranium completes drilling at Tabbernor

Executive Summary

• Purepoint Uranium Group Inc. completed its first-pass drilling program at the 100%-owned Tabbernor project in Saskatchewan, consisting of five diamond drill holes totaling 1,741 metres.
• All five holes intersected graphite, validating airborne electromagnetic signatures, with four holes showing structural disruption features (shearing, brecciation, silicification) typically associated with uranium mineralization.
• Assay results are pending; the company will use these geological insights to prioritize follow-up drilling targets within the 60-kilometre graphitic corridor.

Key Details

• Drilling Summary: 1,741 metres of diamond drilling completed across five holes.
• Geological Intersections:
  • All five holes intersected graphite.
  • Four of five holes intersected zones of structural disruption.
  • Shearing observed in holes TB25-02, TB25-03, SMP25-01, and SMP25-02.
  • Brecciation recorded in holes TB25-02, TB25-03, and SMP25-02.
  • Silicification identified in holes TB25-01, TB25-02, and SMP25-02.
• Assay Status: Assay results for all holes are pending.
• Project Location & Scope: Tabbernor project is located on the southeastern edge of Saskatchewan's Athabasca basin, spanning over 50,000 hectares (23 contiguous claims). It is positioned along the northern extension of the Tabbernor fault system, approximately 40 kilometres south of Cameco's Eagle Point deposit.
• Strategic Context: The drilling targeted a 60-kilometre-long corridor of graphitic conductors defined by airborne geophysical surveys. The results provide a geological foundation to refine understanding of the underlying geology and evaluate zones of structural complexity for future exploration.
• Adjacent Activity: Recent drilling on an adjacent property by Canalaska Uranium Ltd. (Sept 27, 2023) intersected significant mineralization associated with the central Tabbernor graphitic structure.

Notable Quotes

• "This drill program provided our first look beneath surface at Tabbernor and delivered the technical insights we were aiming for," said Chris Frostad, president and chief executive officer. "Every hole intersected graphite, and we encountered the types of structural and alteration features we typically associate with uranium mineralization. That gives us a meaningful geological foundation as we begin to prioritize where and how to drill next."

Admin Note

• The release also includes an administrative announcement regarding the grant of 975,000 options to directors and officers at an exercise price of 52 cents per share, expiring five years from the date of grant.