
- NORTH AMERICA EDITIONAustraliaNorth AmericaWorld
October 13, 2024
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)
15h
Quarterly Activities/Appendix 5B Cash Flow Report
American Uranium (AMU:AU) has announced Quarterly Activities/Appendix 5B Cash Flow ReportDownload the PDF here. Keep Reading...
24 October
Thor Energy Plans to Recover Uranium, Critical Minerals from Colorado Mine Waste
Thor Energy (ASX:THR,LSE:THR) has finalized a binding agreement with US-based DISA Technologies to treat abandoned uranium mine waste in Colorado to recover saleable uranium and other critical minerals.Under the agreement, DISA will deploy its patented high-pressure slurry ablation technology at... Keep Reading...
23 October
Queensland Uranium and Rare Earth Acquisition Completed
Basin Energy (BSN:AU) has announced Queensland Uranium and Rare Earth Acquisition CompletedDownload the PDF here. Keep Reading...
23 October
North Shore Makes Final Option Payment And Completes Earn-In For West Bear Property
North Shore Uranium Ltd. (TSXV:NSU) ("North Shore" or the "Company") is pleased to announce that it has met its final earn-in obligation for the West Bear property ("West Bear")under an option agreement dated April 18, 2022 (as amended, the "West Bear Option Agreement") with Gem Oil Inc. ("Gem... Keep Reading...
20 October
Significant Mineralisation Confirmed in Sweden
Basin Energy (BSN:AU) has announced Significant Mineralisation Confirmed In SwedenDownload the PDF here. Keep Reading...
15 October
Uranium Price Update: Q3 2025 in Review
The uranium space is currently navigating a complex mix of optimism and structural pressures as investors increasingly look to the sector and major miners reduce their guidance. After sinking to a US$63.25 per pound on March 7 — the lowest point since September 2023 — the U3O8 spot price... Keep Reading...
Latest News
Latest Press Releases
Related News
TOP STOCKS
American Battery4.030.24
Aion Therapeutic0.10-0.01
Cybin Corp2.140.00




