Infini Resources Limited

Stunning High Grade Uranium Soil Results at Portland Creek

Maiden soil sampling assays uncover Uranium grades beyond laboratory detection limit

Infini Resources Ltd (ASX: I88, “Infini” or the “Company”) is delighted to announce its maiden field sampling assay results at its highly prospective and 100% owned Portland Creek Uranium Project in Newfoundland, Canada. The return of these material assay results follows the completion of the Company’s maiden exploration program (Figure 1 and refer to ASX announcement 28 May 2024).


Highlights

Infini’s CEO, Charles Armstrong said: “These first pass soils are nothing short of outstanding and represent some of the highest uranium soil grades returned globally. To see such consistent and high- grade mineralisation within soil sampling across ~235m x 100m, which sits within a ~3.2km radiometric corridor is remarkable and suggests we may be very close to a potential discovery here at Portland Creek. The high-grade soils are proximal to highly anomalous biogeochemical and boulder rock samples, further increasing our confidence in this remarkable uranium asset. We might be onto something of significant scale here. Right now, we await the follow-up assay results from these ‘ore grade’ soil samples to determine how high they really are, in addition to planning fieldwork to sample the unexplored radon gas anomalies at the property.”

Figure 1 The Talus Uranium Prospect depicting the location of the incredibly high-grade soil samples. Note: surface geochemistry is highly coincidental with the large existing anomalous radiometric corridor.

Soil Sampling Results

A total of 75 soils were taken in east-west traverse lines through known radiometric anomalism except for one area surrounding a historical radon gas anomaly. This area was identified as anomalous during spectrometer line traverses and infill samples on tight ~25m spacings where terrain allowed. Two uranium soil anomalies have been identified running in north-south orientations at the Talus prospect. High grade anomaly one (Figure 2 and Appendix 1 Table 1) is ~235m x 100m with a peak value of >11,792 ppm U3O8 (above LOD) and anomaly two is ~165m long with a peak value of 284 ppm U3O8. These findings are even more significant given the average background reading in soils is only ~8 ppm U3O8 (peak anomaly - 1474 times background).


Click here for the full ASX Release

This article includes content from Infini Resources Limited, 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.

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