07:35 AM EST, 01/23/2025 (MT Newswires) -- IsoEnergy ( ISENF ) and Purepoint Uranium Group ( PTUUF ) began their 2025 exploration program, which will be supported by a $5 million budget for the newly formed 50-50 joint venture.

The JV spans over 98,000 hectares and consolidates 10 high-valued uranium projects into three distinctive areas in Saskatchewan's eastern Athabasca Basin: the Dorado Project, the Aurora Project and the Celeste Block.

On the Dorado Project, a statement said exploration will focus on the high-priority target zones defined by graphitic conductors that wrap around a central granitic dome. "A unified approach will integrate and re-evaluate all historical geophysical work and drill hole geology across the properties." Approximately 5,400 metres in 18 drill holes are planned for 2025.

For the Aurora Project, an airborne geophysical survey is planned for 2025.

At the Celeste Block, near-term efforts will focus on drill testing recent geophysical results at Madison where sandstone cover is thin, and limited historical drilling has been completed, with just one hole drilled since 1989. Approximately 800 metres in 4 drill holes are planned for 2025.

"The 2025 Joint Venture program underscores our focus on advancing Dorado within the Larocque Trend, an area of exceptional potential," said Purepoint President and CEO Chris Frostad. "While Dorado is the centerpiece of this coming year's efforts, we are also performing critical work on the Aurora and Celeste Block projects to ensure these promising targets remain ready for future exploration. Purepoint is excited to execute on the program as the operator, with IsoEnergy's ( ISENF ) oversight providing valuable guidance and expertise."

PTU shares dropped about 10% yesterday, while ISO rose 4.7%.