Infini Resources extends footprint in Canadian uranium hunt
- Helen Barling
- 5 hours ago
- 3 min read
Infini Resources (ASX: I88) has wasted no time putting its fresh $12 million in capital to work, expanding drilling across its flagship Portland Creek project in Canada’s emerging uranium province in Newfoundland.
Seizing a window of favourable weather conditions, the company has pushed beyond its planned 2500 drill metre program, racking up 3910 metres of core across multiple high-priority targets.
Drilling is homing in on 12 priority targets within a 6-kilometre structural corridor marked by uranium-in-soil anomalies, radiometric highs and airborne electromagnetic conductors.
Shares in Infini lit up early last month topping, 71.5c from the previous day’s close of 23c after the company reported a stellar 284 long section in one drill hole with peak portable X-Ray Flourescence (pXRF) values of 12,000 ppm uranium at 270m and 11,700 ppm at 289m.
Visible yellow uraninite along joint surfaces recorded up to an eye-catching 1.17% U.
Follow-up drilling has hit more visible uraninite in an additional three diamond holes. One hole returned a peak of 5,500 ppm within a shallow fracture zone consistently yielding 1,000-1,500 ppm uranium.
Another delivered 2,500 to 4,000 ppm across a 12m faulted corridor from 139m depth. In the third, visible uranium was logged at 28m, with spot pXRF readings going a stellar 6,500 ppm uranium hosted within a brecciated, hematite-altered interval.
The company says the multiple intersections - separated by more than a kilometre - are significant, indicating uranium-bearing fluids have circulated through a broad, multi-kilometre system rather than being restricted to a single prospect.
Adding to the momentum, the project is also showing signatures of a polymetallic system with zinc, copper, molybdenum and titanium enrichment observed within the hydrothermal alteration zone.
Key pXRF readings have peak zinc up to 8,000 ppm, copper up to 1,500 ppm and molybdenum up to 1,000 ppm.
Drilling is slated to continue into early December with the first batch of assays expected before year’s end.
The Phase 2 drilling program at Portland Creek continues to surpass our expectations. We are now seeing visible uranium and elevated U readings across multiple targets over a kilometre apart, demonstrating the potential scale of this emerging district. The additional presence of zinc, copper and molybdenum further reinforces the potential for a significant polymetallic uranium system. With nearly 4000 metres drilled already and several high-priority structures still to be tested, Portland Creek is quickly shaping into one of the most compelling early-stage uranium projects in Canada.
Infini Resources CEO Rohan Bone
The company’s Portland Creek project spans a 149-square-kilometre area within the Precambrian Long-Range Complex of Canada’s Humber Tectonic-Stratigraphic Zone in the pro-mining province of Newfoundland, Canada.
The area is a historical mining region with the Daniel’s Harbour Mine, located about 15km to the north, having been in operation from 1975-1990. A large regional uranium anomaly was identified in the 1970s through a Newfoundland government lake sediment sampling program.
Uranium is firmly back in focus too, with the US government outlining plans to quadruple the country’s nuclear-powered electricity generation by 2050. The move is backed by a landmark US$80 billion partnership with Westinghouse to accelerate the roll-out of nuclear power across the country.
In its latest nuclear fuel report, the World Nuclear Association forecasts an annual growth rate of 5.3% in nuclear reactor uranium requirements to 2040.
Against a backdrop of accelerating nuclear investment and surging global demand, Infini has timed its early success at its Portland Creek project perfectly.
With additional targets still to feel the bite of the drill bit and more assays due before year-end, the company is steadily positioning itself as a potential new entrant in the coveted North American uranium supply chain.
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