Infini finds major uranium indicators in Canada's Athabasca Basin
The encouraging results were obtained from a recent high-resolution airborne time-domain electromagnetic survey at Reynolds Lake, which covered 1100 line kilometres.
This first modern airborne EM study on the site since the 1970s has identified significant bedrock conductors, including two more than 10 kilometres long in the southern project area.
The conductors align with magnetic lows and uranium radiometric anomalies and indicate potential for shallow, unconformity-style uranium mineralisation near the margin of the Athabasca Basin, a region recognised globally for its high-grade uranium deposits.
Interpreted by geophysicists Resource Potentials, the TDEM data reveals vertically dipping conductors at depths as shallow as 20 metres below surface. Most of the newly identified targets have not been subject to any modern exploration.
'The identification of major EM conductors in an historically underexplored region located on the outboard edge of the Athabasca Basin is highly significant.'
Infini Resources chief executive officer Rohan Bone
Significantly, the 20m depth is shallower than typical Athabasca Basin uranium deposits such as Cameco Corporation's Cigar Lake, 480m below surface, or McArthur River at 530m depth.
The company's radiometric data reinforces the prospect of near-surface uranium mineralisation.
The shallow setting will help Infini's exploration efforts, including by significantly reducing its costs.
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