The geology echoes that at nearby Eagle Point and Rabbit Lake, about 60km northwest, where mineralisation hugs graphitic shears at domain boundaries.
Infini Resources’ chief executive officer Rohan Bone said: “The field program at Reynolds Lake is delivering extremely promising early results, and by extending this work into Reitenbach Lake we are accelerating the systematic evaluation of two highly prospective projects in parallel. With shallow conductors, coincident radiometric anomalies and confirmed surface alteration, both projects present compelling potential as we build towards defining high-priority uranium drill targets in one of the world’s premier uranium mining jurisdictions.”
The projects straddle the crustal-scale Needle Falls Shear Zone, a major corridor separating the Wollaston and Peter Lake domains. Northeast-trending folds and north-south faults are interpreted as providing fluid pathways for hydrothermal action.
Underlain by Archean to Paleoproterozoic rocks, including paragneiss and granitoid gneisses, the area shows localised magnetite, hematite and silica alteration. These are textbook signs of uranium-friendly hydrothermal overprints.
At Reynolds Lake, Infini’s maiden field blitz is already yielding results. The team has bagged 690 soil samples and 124 rocks so far, with scintillometer readings spiking at 59 locations above 1000cps to peak at an eyebrow-raising 9700cps on radioactive boulders and exposed bedrock.
All samples will be sent to ALS Laboratories, with results expected in the year’s final quarter. The hand-held scintillometer readings are preliminary and qualitative and are no substitute for laboratory analysis, as the devices may also register thorium or potassium responses.
The expanded reconnaissance program, due to wrap up in September, builds on soil grids, rock chips, geological mapping, portable X-ray fluorescence scans and laboratory analysis for uranium and pathfinder elements across both properties.
The exploration aims to systematically ground-truth the EM and radiometric sweet spots to sharpen Infini’s models for potential maiden drilling next year.
The company’s Athabasca push fits neatly into its broader uranium playbook. Infini also has a phase two drilling program underway at its flagship Portland Creek project in Newfoundland, probing the Trident Lake fault for high-grade uranium hits.
The junior explorer, which listed on the ASX in January 2024, blends greenfield and brownfield plays across Canada and Western Australia, eyeing both uranium and lithium to ride the clean energy wave.
With the uranium market in a 23 per cent supply crunch that is set to widen by 2040, and juniors flooding the basin, Infini’s timely expansion positions it well for the next big break.
Bone said earlier this year that the basin’s under-explored margins could deliver “substantial long-term value” in a world hungry for reliable nuclear fuel.
As the leaves turn orange in Saskatchewan’s vast north, Infini’s ground team is out there turning rocks under a big blue sky – chasing elusive uranium whispers in the kind of boots-on-the-ground grind that could spark the next basin blockbuster.
Keeping an eye out for the imminent Q4 assays would be useful, for if they deliver, the results could be the spark that lights up shareholder smiles ahead of drill rigs being set loose on the targets.
Is your ASX-listed company doing something interesting? Contact: mattbirney@bullsnbears.com.au
