The 100%-owned Carson Lake Project consists of 2 claims totaling 4,972 hectares on the eastern side of Canada’s Athabasca Basin. It adjoins ValOre Metals Hatchet Lake Project (optioned to Azincourt Energy) on the north-eastern edge of the Athabasca Basin.

In the summer of 2022, Purepoint completed airborne Gravity Gradiometer, Gravity and Magnetic Surveys across Carson Lake Project. A total of 390 line-kilometres were flown in 2 production flights to complete the block. Final interpretation in conjunction with previous surveys have outlined three targets at Carson Lake.

Exploration is focused on basement-hosted uranium mineralization targets similar to the Eagle Point deposit situated 50 km south-southwest of Carson Lake.

The project covers a historic airborne geophysical electromagnetic (EM) survey that outlined a strong northeast trending EM conductor approximately 10 km in length. The survey covered two of the primary target areas.

To the north, the Killock target is presumed to be graphitic pelite that has been incorporated into the north-south trending Killock Fault. Brittle structures such as the Killock fault intersecting ductile rock types, such as graphitic pelite, can create favourable dilation zones and allow uranium-rich fluids to become trapped.

The Lejour Fault crosscuts the main conductive trend. Gravity results suggest that the conductive trend is associated with a lithologic contact. Interpretation of the EM results suggests the single conductor west of the Lejour Fault is present as two parallel conductors east of the fault.

The lower priority Trunk target is a 1km long, sigmoidal shaped EM conductor located within the southeast portion of the project.