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TORONTO - IsoEnergy Ltd. (NYSE American:ISOU) (TSX:ISO) and Purepoint Uranium Group Inc. (TSXV:PTU) (OTC:PTUUF) announced Tuesday their initial drill program at the 50/50 Dorado joint venture project in Saskatchewan’s Athabasca Basin has intersected uranium mineralization in two holes. IsoEnergy’s stock has shown strong momentum, gaining nearly 11% over the past year and trading near its 52-week high of $3.30. InvestingPro data reveals the company maintains healthy trading volume averaging 210,000 shares daily.
The drilling at the Q48 target revealed downhole gamma probe readings up to 79,800 counts per second (CPS) within strongly altered basement rocks. Drillholes PG25-04 and PG25-05 intersected a steeply dipping, north-south trending mineralized structure at depths of 60 and 20 meters below the unconformity, respectively.
PG25-04 showed radioactivity readings averaging 11,050 CPS over 3.7 meters with a maximum of 74,800 CPS, while PG25-05 recorded 27,750 CPS over 2.3 meters with a maximum of 79,800 CPS.
"These initial hits speak to the quality of the target and the systematic approach our team is taking to uncover its potential," said Chris Frostad, President and CEO at Purepoint, which is operating the program. According to InvestingPro analysis, IsoEnergy maintains a "GOOD" Financial Health Score of 2.62, suggesting strong operational fundamentals. For deeper insights into uranium sector opportunities, explore InvestingPro’s comprehensive analysis tools and expert recommendations.
The Q48 target was identified as a high-priority area based on historic drilling that encountered structurally disrupted, altered basement rocks with weak radioactivity. The zone is characterized by a steeply dipping, north-south trending conductive package identified through geophysical surveys.
A third follow-up hole is currently underway to track the mineralized structure along the Q48 conductive corridor to the northeast. The joint venture plans approximately 5,400 meters in 18 drill holes for the Project in 2025.
The Dorado project encompasses more than 98,000 hectares of uranium exploration ground, with shallow unconformity depths between 30 and 300 meters allowing for efficient drilling operations.
Core samples have been submitted to the Saskatchewan Research Council Geoanalytical Laboratories in Saskatoon for analysis. The information in this report is based on a company press release statement. With IsoEnergy’s P/E ratio at 5.94 and year-to-date returns of 5.93%, investors seeking detailed uranium sector analysis can access over 30 additional financial metrics and expert insights through InvestingPro.
In other recent news, IsoEnergy Ltd. announced that shareholders approved all matters at the company’s annual general meeting. The virtual meeting, held on June 25, 2025, saw participation from shareholders representing 63.95% of the company’s issued and outstanding shares. All six director nominees were elected to the board, with Leigh Curyer receiving the highest approval at 99.91%. Philip Williams secured 98.75% approval, while Richard Patricio received the lowest at 80.17%. Additionally, shareholders re-appointed KPMG LLP as the company’s auditor, with 99.97% voting in favor. These developments were disclosed in a press release by IsoEnergy following the meeting.
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