Purepoint Advances Exploration Strategy with 2026 Drilling Program at Dorado

has officially announced the commencement of its ambitious 2026 drilling program at the , marking a major step forward following the highly encouraging Nova uranium discovery. This development underscores the company’s long-term commitment to advancing high-potential uranium assets within Canada’s world-renowned Athabasca Basin, a region globally recognized for hosting the highest-grade uranium deposits.

The newly launched drilling campaign builds directly on the momentum generated by the Nova discovery, which confirmed the presence of uranium mineralization in geological settings comparable to other significant deposits in the basin. With global demand for clean energy rising and nuclear power regaining prominence as a low-carbon solution, Purepoint’s strategic move places it in a strong position to capitalize on favorable market dynamics.

Strategic Importance of the Dorado Project

The Dorado Project occupies a strategic location within Saskatchewan’s eastern Athabasca Basin, an area celebrated for its exceptional uranium endowment and mining-friendly jurisdiction. This region has produced some of the world’s most productive uranium mines and continues to attract substantial exploration investment due to its proven geological potential.

Purepoint’s interest in Dorado is not new. The company has spent several years conducting systematic exploration, including airborne geophysics, ground surveys, and earlier drilling programs. These efforts laid the groundwork for the breakthrough Nova discovery, which revealed uranium mineralization associated with key structural features believed to control fluid movement and ore deposition.

Why the Athabasca Basin Matters

The Athabasca Basin is widely regarded as the premier uranium district globally, accounting for a significant portion of the world’s high-grade uranium resources. Deposits in this region often grade many times higher than the global average, making them economically attractive even in challenging market conditions.

For companies like Purepoint, operating in such a prolific basin significantly enhances the probability of discovery success. The Dorado Project benefits from this geological advantage, combining favorable lithologies, structural complexity, and evidence of uranium-bearing fluids.

The Nova Uranium Discovery: A Turning Point

The Nova discovery represents a pivotal milestone for Purepoint. Initial drilling intersected anomalous uranium values accompanied by strong pathfinder elements and alteration patterns typical of Athabasca-style uranium systems. These results confirmed the presence of an active mineralizing system, validating the company’s exploration model.

Importantly, the discovery demonstrated that uranium-bearing fluids had migrated through the Dorado Project area, depositing mineralization along structurally prepared zones. This insight has directly influenced the design of the 2026 drilling program, which aims to expand known mineralization and test additional high-priority targets.

Geological Indicators Supporting Expansion Potential

Several geological indicators suggest that the Nova discovery may represent only a small part of a larger mineralized system. These include:

• Extensive hydrothermal alteration zones
• Elevated uranium pathfinder elements such as boron and nickel
• Favorable fault intersections and graphitic conductors

Together, these features provide compelling evidence that further drilling could lead to additional discoveries within the Dorado Project.

Overview of the 2026 Drilling Program

The 2026 drilling program is designed as a focused yet flexible campaign aimed at maximizing discovery potential while efficiently managing exploration risk. Purepoint plans to deploy modern drilling techniques and real-time data analysis to adapt the program as results are received.

The initial phase will concentrate on step-out drilling around the Nova discovery to determine the extent, orientation, and continuity of uranium mineralization. Subsequent phases may test newly generated targets identified through ongoing geophysical interpretation.

Program Objectives

The primary objectives of the 2026 drilling program include:

1. Expanding the footprint of known uranium mineralization
2. Identifying additional high-grade zones
3. Refining the geological model for the Dorado Project
4. Advancing the project toward resource definition

By systematically addressing these goals, Purepoint aims to significantly enhance the overall value of the Dorado Project.

Technical Approach and Methodology

Purepoint’s exploration team will employ a combination of diamond drilling, downhole geophysics, and geochemical analysis to ensure high-quality data acquisition. These methods are standard practice in Athabasca Basin exploration and have proven effective in delineating high-grade uranium deposits.

Downhole radiometric surveys, in particular, will play a crucial role in identifying zones of elevated radioactivity that may not be immediately apparent from core samples alone. This integrated approach allows for more accurate targeting and improved decision-making during the drilling campaign.

Commitment to Safety and Environmental Stewardship

Safety and environmental responsibility remain central to Purepoint’s operations. All drilling activities will be conducted in accordance with provincial regulations and industry best practices. The company emphasizes minimal surface disturbance and proactive engagement with local stakeholders.

Environmental monitoring will be ongoing throughout the program to ensure that exploration activities have no lasting adverse impacts on surrounding ecosystems.

Market Context: Uranium and the Global Energy Transition

The timing of Purepoint’s 2026 drilling program aligns with a broader resurgence in the uranium sector. As countries worldwide seek to reduce carbon emissions while maintaining reliable baseload power, nuclear energy is increasingly recognized as a key component of the clean energy transition.

This renewed interest has led to improving uranium market fundamentals, including rising long-term contract prices and increased utility demand. Exploration successes such as the Nova discovery are therefore particularly significant in the current market environment.

Positioning for Long-Term Growth

By advancing high-quality projects like Dorado, Purepoint positions itself as a potential future supplier of uranium to global markets. While the company remains in the exploration stage, successful drilling outcomes could attract strategic partnerships or investment interest from larger industry players.

The 2026 drilling program is thus not only a technical endeavor but also a strategic move to enhance corporate value.

Implications for Investors and Stakeholders

For investors, the commencement of the 2026 drilling program represents a clear catalyst. Positive drilling results could materially impact Purepoint’s valuation by demonstrating the scale and grade potential of the Dorado Project.

Stakeholders, including local communities and provincial authorities, also stand to benefit from continued exploration activity, which contributes to regional economic development and reinforces Saskatchewan’s reputation as a leading uranium jurisdiction.

Transparent Communication and Reporting

Purepoint has committed to providing timely updates as drilling progresses. Assay results, geological interpretations, and program adjustments will be communicated transparently to ensure that investors and stakeholders remain well informed.

This open approach reflects the company’s dedication to building trust and maintaining strong relationships with all parties involved.

Future Outlook Beyond 2026

While the immediate focus is on the 2026 drilling program, Purepoint’s long-term vision extends well beyond this campaign. Success at Dorado could pave the way for more extensive drilling, resource estimation, and eventually economic studies.

In parallel, the company continues to evaluate other exploration opportunities within its project portfolio, leveraging technical expertise gained from Dorado and Nova.

Building on Exploration Momentum

The Nova discovery has energized Purepoint’s exploration strategy, providing both technical validation and renewed confidence. The upcoming drilling program represents a natural progression in the company’s efforts to unlock the full potential of its assets.

As exploration advances, Purepoint aims to remain adaptable, data-driven, and focused on creating sustainable value.

Conclusion

The commencement of Purepoint’s 2026 drilling program at the Dorado Project marks a significant chapter in the company’s growth story. Building on the success of the Nova uranium discovery, the program is designed to expand known mineralization, test new targets, and advance the project toward its next stage of development.

Against the backdrop of a strengthening uranium market and global demand for clean energy, Purepoint’s focused exploration efforts position it favorably within the industry. As results emerge from the 2026 campaign, the Dorado Project could play an increasingly important role in the future of uranium supply.

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