Dozens more samples ranged between 2000 and 5000cps, suggesting widespread near-surface mineralisation.
The Reynolds Lake program homed-in on 14 high-priority targets identified from earlier airborne EM and magnetic surveys, focusing on areas where structural corridors tend to intersect with radiometric hotspots.
In particular, the focus was on looking for locations where uranium-rich lake sediments and geological features lined up neatly with EM conductors. It can represent a classic mix of coincident pointers to a serious uranium system.
Infini Resources chief executive officer Rohan Bone said: “The importance of discovering visible uraninite, coupled with widespread radiometric anomalies aligned with major geological structures in one of the world’s most prolific uranium jurisdictions, cannot be overstated. This next phase of work is designed to advance our understanding of the geological setting and to define drill-ready targets.”
The company has turned on the afterburners to fly into the next phase of exploration at the projects, with mobilisation scheduled within the next two weeks. Detailed mapping and further sampling using portable XRF analysis will also be undertaken. The work is expected to refine the geological model and outline drill-ready targets.
Infini is also motoring ahead with its phase-two drilling program at the company’s Falls Lake prospect, part of its flagship Portland Creek project in Canada’s most easterly province of Newfoundland and Labrador.
Management recently nailed a strategic land-grab in the region, adding an additional 10,250 hectares, or 102.5 square kilometres of mineral claims contiguous to Portland Creek.
The company staked an additional 410 mineral claims within four new licence areas, bringing its total ground in the province to 25,200 hectares, or 252 sq km.
The move to lock up a greater landholding near Portland Creek follows several eye-catching uranium readings across multiple zones which saw the company’s share price soar almost 250 per cent earlier this month, to hit a 2025 peak of 76c.
Infini noted spot pXRF values of 12,000 parts per million (ppm) uranium from 270 metres and 11,700ppm from a depth of 289m from its recent phase-two drill program. Visible uraninite along joint surfaces have been identified within intensely altered granites.
The elevated readings up to 12,000ppm uranium were recorded in a massive 284m stretch of drill core from one hole, with more than 90 per cent of all pXRF values in the section running from 28m to 312m, giving readings between 1000ppm and 12,000ppm uranium.
In what may be the icing on the cake, molybdenum grading up to 2.38 per cent based on pXRF values, was also discovered within a 4m albatised granite section, pointing to a potentially fertile polymetallic hydrothermal system.
After a successful series of soil sampling programs, the expanded ground secures the company’s dominant land position in the emerging uranium district.
Management believes it secures possible extensions of east-west trending structures confirmed in the recent drilling and provides it with growth opportunities for uranium and critical minerals.
Notably, uranium is registered on the Newfoundland Government’s Critical Minerals List.
Is your ASX-listed company doing something interesting? Contact: mattbirney@bullsnbears.com.au
