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Infini Resources kicks off high-stakes drill test in Canadian uranium heartland

The Rabbit Lake uranium mine in Canada’s world-class Athabasca basin, just 50km from Infini Resources’ Reynolds and Reitenbach Lake projects. Credit: File
The Rabbit Lake uranium mine in Canada’s world-class Athabasca basin, just 50km from Infini Resources’ Reynolds and Reitenbach Lake projects. Credit: File


Infini Resources (ASX: I88) has fired up the drill rig for maiden diamond drilling at its Reynolds and Reitenbach Lake uranium projects, situated on the doorstep of Canada’s world-renowned Athabasca Basin in northern Saskatchewan.


The company has launched a minimum 2500-metre, 12-hole program designed to systematically test a series of high-priority targets across its tenure, in what is believed to be a big, underexplored uranium system.


Its adjoining projects collectively cover a massive 677-square-kilometre footprint, near the eastern margin of the Athabasca Basin.


Athabasca is essentially the high-grade homeland of monster unconformity uranium deposits, synonymous with some of the biggest uranium mines on the planet.


Infini says its exploration modelling at the projects has zeroed in on a handful of priority targets from extensive surface and structural preliminary work.


The company believes the electromagnetic (EM) conductors are pointing to graphitic or sulphide-rich rocks on its tenure, often associated with uranium. Magnetic lows can indicate alteration and structural complexity, such as faults and shear zones, which frequently act as plumbing for mineralising uranium fluids.


Topping the bill of targets is its Titus prospect, where drilling will test an area that has already delivered high-grade uranium mineralisation at surface, with one sample returning a very handy 1.90 per cent uranium.


The broader target area is part of a system-scale exploration model that includes 80km of EM conductors and a continuous 15km by 3km prospective corridor, largely untested by drilling.


Commencing the drill program at Reynolds and Reitenbach Lake is a major milestone for Infini and marks the transition from target generation to drill testing across this highly prospective potential uranium system.
Infini Resources CEO Rohan Bone

From a geological perspective, the projects are bisected by the crustal-scale Needle Falls shear zone, a major structural corridor that separates two distinct geological domains. According to the company, this setting provides the structural complexity and potential pathways for hydrothermal fluid flow needed to form uranium deposits.


Management considers the regional setting analogous to the nearby high-grade Eagle Point and Rabbit Lake uranium systems, where mineralisation is found along graphitic shear zones at the boundary between two rock types.


Previous work at the project has already confirmed the presence of graphitic schists, which are spatially linked to EM conductors, radiometric anomalies and elevated uranium samples. These markers are lighting up like giant bullseyes for the drill bit.


With the rods now turning in one of the world’s most productive uranium postcodes, Infini is hopefully accelerating from theory to discovery, hunting for giants with 12 deep, potentially company-changing shots at the bullseye.


Is your ASX-listed company doing something interesting? Contact: office@bullsnbears.com.au

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