Additionally, a separate 500m-wide southern zone of high-grade soil samples was uncovered 1.5km from the recent phase one drilling area, culminating in a peak grade of 1500ppm uranium oxide.
Infini Resources chief executive officer Rohan Bone said: “Phase two drilling at Portland Creek marks the beginning of what we believe could be a breakthrough campaign for Infini. Our methodical technical work has outlined multiple, highly compelling uranium targets and the rig is now turning to test them.”
Rone said he is confident the program can deliver meaningful results for the company’s shareholders.
Infini also revealed last week it was kicking off an extensive maiden field exploration program, including soil and rock chip sampling, at its promising Reynolds Lake uranium project in Canada’s world-renowned Athabasca Basin.
The systematic program, in conjunction with geological mapping, will follow up on a plethora of high-priority targets identified from a diverse mix of exploration methods.
The company has 14 significant targets to zero in on, deduced from a comprehensive desktop study blending historical data with modern geophysical surveys. The study highlighted zones prospective for shallow, unconformity-style uranium mineralisation. Unconformity-style mineralisation is associated with many of the Athabasca region’s globally significant deposits.
A multitude of large-scale electrical conductors, the largest more than 10km long and coincident with radiometric anomalies and anomalous lake sediments, were identified on important structural corridors. The findings offer the potential for uranium mineralisation on the Athabasca Basin’s outer edge.
Infini plans to grab up to 1600 soil and rock chip samples from the program, which is designed to move the best target areas to drill-ready status for a maiden phase one drill program next year. Exploration will include scintillometer and magnetic susceptibility readings from target sample areas, in addition to geological mapping to confirm shear zones and fault structures and the use of an XRF device to guide real-time fieldwork.
Management says regional airborne radiometric surveys highlighted distinct uranium-channel responses associated with interpreted fault structures. It said the results from a high-resolution time-domain electromagnetic survey showed several large-scale electrical conductors overlap with geochemical and radiometric anomalies, pointing to potential zones of structurally controlled mineralisation.
Key study findings also identified broad shear zones and cross-cutting north-south trending faults throughout its project grounds. The structures were interpreted as possible conduits for mineralised fluids, representing high-priority target zones.
Notably, graphitic schists and gneisses, considered critical host rocks for unconformity-style uranium mineralisation, have been identified at several locations.
Earlier this year, the company also secured the 386-square-kilometre Reynolds Lake project, which is perched on the eastern edge of the basin, and the equally prospective Boulding Lake project. Both projects sit in a geological-prospective postcode, within 100km of several world-class high-grade uranium mines, in the globally recognised 100,000-square-kilometre Athabasca Basin. Any significant discovery could see market punters enthusiastically tango with the company’s shares.
Infini’s dedicated pursuit of Canadian uranium is nearing an interesting time, which could define the company as an outstanding uranium play if its upcoming exploration and drilling programs go to plan.
Is your ASX-listed company doing something interesting? Contact: mattbirney@bullsnbears.com.au
