Drill Program At Red Willow And Turnor Lake Projects

TORONTO - Purepoint Uranium Group Inc. reported on the drill program at the Red Willow and Turnor Lake projects within the eastern uranium mine district of the Athabasca Basin, Saskatchewan, Canada. A total of 6 drill holes were completed on these two projects and one hole was lost for a total of 2,080 meters.

"To date, the Red Willow drilling has been advancing in large 400 meter step outs to define the extent of the known Osprey uranium mineralization. With the completion of this four-hole program, we are ready to conduct refined follow-up drill testing during the cost-effective winter months," said Chris Frostad, President and CEO. "Our first two holes along Turnor Lake's Serin conductor were designed to test for mineralization and understand the geologic setting of the uranium-rich LaRocque corridor as it extends across the northern portion of the property. Drilling this season confirmed our conductor is associated with favorable rock types and alteration and that more drilling is certainly warranted."

Frosted said, “At Red Willow, we have defined the northern boundary of the uranium mineralization hosted by the Osprey conductor. The 2 km long target section of the Osprey conductor is highlighted by RW22-06 that intersected 0.47% U3O8 over 0.9 meters. At Turnor Lake, the initial hole, SL22-02, encountered favorable graphitic pelitic rock and clay alteration associated with radioactive spikes on trend with IsoEnergy Ltd.'s Hurricane deposit. Purepoint will be mobilizing a drill crew to return to Red Willow in January and begin follow-up drilling of the most prospective uranium mineralization signatures. The results of the two Turnor Lake holes completed this year will be used to re-interpret our airborne and ground geophysical data before designing a follow-up program for the summer of 2023.”