Infini Resources Limited

Further High Grade Uranium in Soil Results from Portland Creek

Assays extend the Talus soil anomaly by ~340% and define several new anomalies within the structural corridor significantly increasing the scale and prospectivity of the project

Infini Resources Ltd (ASX: I88, “Infini” or the “Company”) is delighted to announce the results of its major follow up soil sampling program at its highly prospective and 100% owned Portland Creek Uranium Project in Newfoundland, Canada. These assay results mark the completion of the Company’s follow up exploration program (Figure 1 and refer to ASX announcement 16 September 2024).


HIGHLIGHTS
  • Extraordinarily high soil uranium assays now define a ~800m x 100 m zone coincident with a north-south shear and three major converging secondary faults. The zone remains open to the east and west with a peak assay result of 7.5% U3O8.
  • New high-grade uranium soil assays include:
    • IRS0755: 4,056 ppm U3O8
    • IRS0571: 3,679 ppm U3O8
    • IRS0572: 3,007 ppm U3O8
    • IRS0567: 2,901 ppm U3O8
    • IRS0783: 2,264 ppm U3O8
    • IRS0774: 2,193 ppm U3O8
    • IRS0788: 1,981 ppm U3O8
    • IRS1174: 1,604 ppm U3O8
    • IRS0772: 1,164 ppm U3O8
    • IRS1100: 1,116 ppm U3O8
  • Additional geochemical anomalism identified in the North and South is highly encouraging as it indicates potential for additional undiscovered uranium deposits to exist within the project
  • These exceptional follow up soil geochemistry results at Portland Creek significantly increase the prospectivity of the project by adding numerous additional drill targets to the exploration portfolio
  • UAV magnetic survey planned to commence late October will help determine what litho-structural controls exist underneath the numerous and large new soil anomalies identified in the North and South

Infini’s Managing Director and CEO, Charles Armstrong said: “These follow up soils are incredibly exciting, with exploration to date indicating that Portland Creek may be host to a large, high-grade uranium system. These results increase the prospectivity of the ground significantly and further increase our confidence that the source of the primary uranium mineralisation is close by. The initial zone has now grown from an original ~235m x 100m to ~800m x 100m (340% increase) which is an outstanding result.

Furthermore, we now have additional grouped uranium soil anomalies located ~500m to the North and

~1.5km to the South. We are prioritizing the Talus high grade zone as our top maiden drill target and now we can use this data to finalise our diamond drill plans.”

Click here for the full ASX Release

This article includes content from Infini Resources, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

I88:AU
The Conversation (0)
Stock market display with "Mergers and Acquisitions" in white amid red and green numbers.

IsoEnergy Expands Into Australia with Toro Energy Takeover

IsoEnergy (TSX:ISO,NYSE American:ISOU) is set to acquire Australia’s Toro Energy (ASX:TOE,OTC Pink:TOEYF) in an all-share deal that will consolidate two uranium developers into a single diversified platform as global nuclear demand surges and uranium prices continue to strengthen.The merger... Keep Reading...
Joint Investor Presentation

Joint Investor Presentation

Toro Energy (TOE:AU) has announced Joint Investor PresentationDownload the PDF here. Keep Reading...
IsoEnergy to Acquire Toro Energy

IsoEnergy to Acquire Toro Energy

Toro Energy (TOE:AU) has announced IsoEnergy to Acquire Toro EnergyDownload the PDF here. Keep Reading...
Blurry periodic table focus on uranium, element 92, with atomic mass 238.029.

Western Australia Reviews Uranium Mining Ban as Nuclear Energy Investment Grows

Australia’s uranium sector remains shaped by state-based rules, with Western Australia maintaining a ban on new uranium mining licenses since 2017.While projects approved before the ban were allowed to proceed, no new developments have been permitted, however things could be changing. Premier... Keep Reading...
Global Uranium and Enrichment Limited Reports: Pine Ridge Uranium Project Continues to Deliver Encouraging Exploration Results

Global Uranium and Enrichment Limited Reports: Pine Ridge Uranium Project Continues to Deliver Encouraging Exploration Results

Global Uranium and Enrichment Limited (ASX: GUE, OTCQB: GUELF, Global Uranium, GUE or the Company) is pleased to announce that Powder River Basin LLC (Powder River) — a 50/50 joint venture between Global Uranium and Snow Lake Energy (NASDAQ: LITM), has completed another 15 holes (now a total of... Keep Reading...
Lo Herma Resource Drilling Timing Confirmed

Lo Herma Resource Drilling Timing Confirmed

American Uranium (AMU:AU) has announced Lo Herma Resource Drilling Timing ConfirmedDownload the PDF here. Keep Reading...

Latest Press Releases

Related News