Latest news with #DoradoProject
Globe and Mail
08-07-2025
- Business
- Globe and Mail
New Drill Results Spark Investor Excitement in Saskatchewan Uranium Play
Two uranium companies made headlines this morning with a joint release announcing a new uranium discovery. Following the news, at least one of the companies has seen a significant increase in its share price today. IsoEnergy Ltd. (NYSE American: ISOU) (TSX: ISO) and Purepoint Uranium Group Inc. (TSX-Venture: PTU) (OTC: PTUUF) stated in a press release this morning that their first drilling at the Dorado project in Saskatchewan is off to a great start. They found uranium in two drill holes with very high radiation readings, suggesting there's an active source of uranium in the rocks underground. Highlights of the drill program stated initial drilling at the Q48 target in the southern part of the Project had confirmed significant uranium mineralization, with drillholes PG25-04 and PG25-05 intersecting a steeply dipping, north-south trending mineralized structure at depths of 60 m and 20 m below the unconformity, respectively. Downhole probe measurements recorded high radioactivity readings—averaging 11,050 cps over 3.7 m in PG25-04 and 27,750 cps over 2.3 m in PG25-05. The mineralization is hosted in strongly clay-altered basement rocks, typical of Athabasca-style uranium systems. Q48 had been identified as a high-priority target due to historic drilling and 2022 mapping of faults and alteration along the conductive trend. A third hole is underway to extend the mineralized structure northeast, with 5,400 m in 18 drill holes planned for the Project in 2025. "This is exactly the kind of start we were aiming for. These early results suggest we're on the trail of something meaningful." said Chris Frostad, President and CEO at Purepoint. "These initial hits speak to the quality of the target and the systematic approach our team is taking to uncover its potential. We're moving quickly to follow up on these encouraging results as drilling continues." While shares of ISO are down 2.41% at $9.31, their partner's stock is surging, with PTU up 24.53% at $0.33 and U.S.-listed shares (PTUUF) up 27.76% at $0.243 in early-afternoon trading. Copyright © 2025 All rights reserved. Republication or redistribution of content is expressly prohibited without the prior written consent of shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. View more of this article on About Media, Inc.: Founded in 1999, is one of North America's leading platforms for micro-cap insights. Catering to both Canadian and U.S. markets, we provide a wealth of resources and expert content designed for everyone—from beginner investors to seasoned traders. is rapidly gaining recognition as a leading authority in the micro-cap space, with our insightful content prominently featured across numerous top-tier financial platforms, reaching a broad audience of investors and industry professionals. Want to showcase your company's story to a powerful network of investors? We can help you elevate your message and make a lasting impact. Contact us today. Contact: Media, Inc.
Globe and Mail
08-07-2025
- Business
- Globe and Mail
IsoEnergy and Purepoint Confirm Uranium Discovery In Initial Drilling at the Dorado Joint Venture Project
TORONTO, July 8, 2025 /CNW/ - IsoEnergy Ltd. (NYSE American: ISOU) (TSX: ISO) ("IsoEnergy") and Purepoint Uranium Group Inc. (TSXV: PTU) (OTC: PTUUF) ("Purepoint") are pleased to announce a highly encouraging start to the inaugural drill program at their 50/50 Dorado project ("Dorado" or the " Project '"), located in Saskatchewan's world-class Athabasca Basin (Figure 1). Initial drilling at the Q48 target on the Project, completed by Purepoint as the operator of the program, intersected uranium mineralization in two holes, with downhole gamma probe readings up to 79,800 counts per second (CPS). The intercepts occur within strongly altered basement rocks –suggesting an active uranium-bearing hydrothermal system.
