Purepoint Uranium Group Inc. (TSXV: PTU) (OTCQB: PTUUF) has reported assay results from its 2026 winter drill program at the Nova Target on the Dorado Joint Venture, a 50/50 partnership with IsoEnergy Ltd. located in Saskatchewan's Athabasca Basin. The highlight result from hole NV26-05 returned 1.65% U₃O₈ over 0.3 metres from 390.4 metres at the unconformity. Uranium mineralisation was intersected in multiple holes across the Nova electromagnetic conductor, and the company states the summer drill program has also been completed, with results to be reported shortly.

Key Points

  • Purepoint Uranium Group Inc. (TSXV: PTU) (OTCQB: PTUUF)
  • Hole NV26-05 returned the strongest assay of the winter program: 1.65% U₃O₈ over 0.3 metres from 390.4 metres at the Nova Target
  • Nine-hole winter program intersected uranium mineralisation in multiple holes; NV26-03A returned 0.04% U₃O₈ over 3.9 metres, including a 0.79% U₃O₈ interval over 0.4 metres
  • Investors may be watching for summer 2026 drill results, which the company says are being compiled

Winter Drill Highlights at Nova — Strongest Assay from NV26-05

The nine-hole 2026 winter program was designed to test geological and structural controls associated with uranium mineralisation at the Nova Target. Hole NV26-05 delivered the headline result: a 0.3-metre interval from 390.4 to 390.7 metres assaying 1.65% U₃O₈, with an average downhole gamma response of 61,070 counts per second. Hole NV26-03A intersected a broader zone grading 0.04% U₃O₈ over 3.9 metres, including a higher-grade 0.79% U₃O₈ interval over 0.4 metres from 418.2 metres, recording an average gamma response of 37,050 counts per second.

Mineralisation Confirmed Across Multiple Nova Conductor Holes

Beyond the headline intervals, additional uranium mineralisation was returned from holes NV26-01, NV26-02, NV26-04, NV26-06A, NV26-07, NV26-08, and NV26-09A, confirming uranium at multiple locations across the Nova electromagnetic conductor. The release states the winter drilling refined Purepoint's interpretation of the Nova EM conductor geometry and associated geophysical responses. President and CEO Chris Frostad noted that the program produced structural and geological data needed to better constrain the mineralisation system and deliver increasingly specific drill targets as exploration advances.

Dorado Project Context and Nova Discovery Scale

The Dorado Project sits along the eastern margin of Saskatchewan's Athabasca Basin, operated by Purepoint under a 50/50 joint venture with IsoEnergy Ltd. Previous drilling at Nova has returned assays of up to 8.1% U₃O₈ over 0.4 metres within a broader interval of 1.62% U₃O₈ over 2.1 metres, according to the disclosure. The mineralised corridor at Nova now extends approximately one kilometre and is associated with intense alteration, structural disruption, and graphitic basement rocks. The technical content in the release was reviewed and approved by Scott Frostad, P.Geo., Vice President, Exploration, as Qualified Person under National Instrument 43-101.

Summer 2026 Program Complete — Results Pending

Purepoint disclosed that its 2026 summer drill program at Dorado has been completed, with results to be compiled and reported. Investors may be watching that upcoming release for further insight into the Nova system's geometry and continuity. The immediate share price impact of the winter assay announcement was not clear from available public information. Purepoint also operates the Aurora and Celeste Blocks with IsoEnergy, and the Hook Lake and Smart Lake projects in joint venture with Cameco Corporation and Orano Canada Inc.