IsoEnergy (TSX: ISO) this morning released its exploration plans for a joint venture recently formed with Purepoint Uranium (TSXV: PTU). The joint venture consolidates ten projects in the Athabasca Basin into three regions.
The dominant region under the joint venture appears to be the Dorado project, which is position along the Larocque conductive corridor, the corridor which notably hosts isoEnergy’s Hurricane deposit. The project consolidates the Turnor Lake, Geiger, Edge, and the majority of Full Moon into a single project, where exploration will focus on high priority targets that consist of graphitic conductors wrapped around a central granitic dome.
An unconformity exists at Dorado at depths ranging from 27 to 133 metres, with further prospective targets remaining. Dorado will see the bulk of exploration spend in 2025, with the joint venture planning to drill 18 holes across an aggregate 5,400 metres this year.
Next door to Dorado is the Aurora Project, which includes portions of the Full Moon project, along with Red Willow and the Collins Bay Extension. An airborne geophysical study is planned to occur this year, with the project believed to have the potential for near surface mineralization due to being nearby to the McClean Lake and Rabbit Lake mines.
Lastly is the Celeste Block, which combines the Thorburn, North Thorburn, Madison and 2Z properties. The new project covers portions of conductor trends to the east of Cigar Lake mine. Target depths here are estimated to range between 60 to 350 metres from east to west across the property. A total of four holes are planned to be drilling here in 2025 for an aggregate 800 metres, with the former Madison project region being targeted.
“While Dorado is the centerpiece of this coming year’s efforts, we are also performing critical work on the Aurora and Celeste Block projects to ensure these promising targets remain ready for future exploration. Purepoint is excited to execute on the program as the operator, with IsoEnergy’s oversight providing valuable guidance and expertise,” commented Chris Frostad, CEO of Purepoint Uranium.
The joint venture has budgeted $5.0 million for the 2025 exploration program.
IsoEnergy last traded at $3.15 on the TSX.
Information for this briefing was found via Sedar and the sources mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
