Infini ratchets up exploration across Canadian uranium projects
Infini Resources has ratcheted up exploration activities at its suite of promising Canadian uranium projects. After completing airborne electromagnetic surveys across two recent acquisitions, the company is preparing to test major targets at its flagship Portland Creek project in Newfoundland.
Infini is eagerly anticipating the imminent arrival of phase one drilling results from Portland Creek and preparing to recommence exploration along the prospective Trident Lake fault. The Portland Creek project sits on the 6-kilometre uranium-enriched corridor, which remains largely untested.
Infini expects to kick off its latest program over the next three months, after a temporary pause for seasonal caribou migration. It will test a high-grade soil anomaly within the Trident Lake zone measuring 800 metres by 100m as well as multiple other nearby targets.
Infini also recently completed 2400km line time-domain electromagnetic (TDEM) and magnetic airborne surveys across its newly acquired Boulding Lake and Reynolds Lake uranium projects in the renowned Athabasca region in Saskatchewan, Canada.
It used a new-generation helicopter-borne TDEM system that improves on prior TDEM mineral exploration technology. The new-age system uses a 20m diameter inflatable transmitter loop suspended about 30m below a helicopter, offering improved signal clarity for detection of subtle subsurface features and better resolution of shallow and deeper targets.
'Portland Creek is a rare exploration opportunity, a project which has the potential to host a large-scale uranium system in a tier-one jurisdiction.'
Infini Resources chief executive officer Rohan Bone
Infini has already had a breakthrough at Portland Creek, when soil sampling results last year set the market into a spin. Assay results up to 74,997 parts per million uranium oxide put a rocket under Infini's share price, making it one of last year's big share market winners.
In fact, the mineralisation was so high that the samples exceeded the initial lab's capabilities and Infini needed to send the lab-busting assays to a second lab for testing.
Management says an initial six-hole drilling program at the company's Falls Lake prospect at Portland Creek exhibited encouraging signs, which they believe illustrates the prospect's significant upside potential. The drill program results will help guide an upcoming phase-two diamond drilling program, based on observed geological structures and geochemical assays.
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