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Writer's pictureMatt Birney

Infini Resources looks to drone to crack Canadian uranium code


Infini Resources’ Portland Creek uranium project area. Credit: File.

Infini Resources (ASX: I88) has secured the tick of approval to conduct geophysical surveys, including high resolution drone magnetics, at its 100 per cent-owned Portland Creek uranium project in the Canadian province of Newfoundland.


After receiving the go-ahead from the Newfoundland Government, the company now plans to fly light aircraft LiDAR/photogrammetry in addition to the drone-borne magnetic surveys, over eight targets to image the mylonite zone obscured by transported debris cover.


Infini says its Talus prospect, in the east of the Portland Creek project area, is a tier-one lead and has thrown up rock chips grading 1020 part per million, 986ppm and 454ppm uranium oxide. The leader of the pack is a stream grab sample going a solid 2180ppm uranium oxide.


Talus is thought to be home to uranium enrichment hosted within a large 1500m-long and up to 250m-wide north-south mylonite zone that is not exposed at the surface, prompting the closer look using geophysical methods.


We now have these geophysical surveys approved, which are considered an essential key to cracking the exploration code at Portland Creek. High resolution 25m spaced east-west UAV magnetics at the T1-T8 targets will allow the Company to see through Talus cover and highlight key structures within the demagnetized and mylonite bedrock that may be hosting undiscovered uranium deposits.
Infini Resources chief executive officer Charles Armstrong.

The geophysical campaign follows on from Infini’s successful reconnaissance field program undertaken last year at the project. The work, which resulted in head-turning rock chip grades, was buoyed by a legacy Newfoundland Government stream sediment sampling program from the 1970s that threw up that eyebrow-raising 2180ppm grab sample.


The company says it has defined eight target areas to date and all are supported by historical radiometric anomalies backed up in some areas by rock chip sample results.


Apart from its flagship Talus prospect, Infini says the remaining seven leads are scattered around its acreage, with the bulk of them sitting on trend with Talus. Now, with modern surveys on the way, those targets will get a closer-look examination.


The project area spans about 108 square kilometres of ground in a large regional uranium anomaly that remains largely unexplored apart from the work done back in the 1970s. The turf is about 6km north-east of the town of Portland Creek, which sits on the north-west coast of Newfoundland


Infini is one of Australia’s latest uranium players entering the hunt for critical minerals in Canada and also at home in Western Australia.


In Canada, the company has a 100 per cent interest in the Des Herbiers uranium project in Quebec, the Tinco South Claim uranium-niobium project in Saskatchewan, the Paterson Lake lithium project in Ontario and the Portland uranium project in Newfoundland.


Back home in WA, it also has 100 per cent interest in the Pegasus lithium-gold project near Ravensthorpe, the Parna lithium project near Norseman and Yeelirrie uranium project near Wiluna.


With on-ground samples already providing support to the existing radiometric anomalies, the pieces of the puzzle seem to be in place for Infini to unlock even more of Portland Creek’s uranium story.


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


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