top of page

Infini Resources on high-tech trail of Canadian uranium targets


Infini Resources is aiming for the sky at its uranium projects based in several Canadian provinces. Credit: File

Aspiring uranium developer Infini Resources (ASX: I88) has used a combination of geophysical techniques to identify high-priority targets at its 100 per cent-owned Des Herbiers project in the Canadian province of Quebec.


The company’s two main targets are of considerable size and measure – 1.7km by 1.5km and 1.3km by 800m – with no historical drilling in either zone, indicating the potential to increase the existing mineral resource.


Infini has used satellite data imaging, historical airborne magnetics and modern radiometrics to map the lithology and structure of its ground. It says its interpretation of the bedrock geology using the geophysical methods identified 14 target areas that will be the focus of future exploration efforts.


Two higher-priority targets, T1 and T2, were selected from sizeable radiometric anomalies. The targets were selected based upon a range of factors and sit along strike from existing resources.


A further positive for the company was the recent confirmation from the Quebec Government that no moratorium on uranium exploration or mining exists. It revealed that if a mining company has acquired mining rights, it can explore for any mineral substance.


In addition, a company holding mining rights or claims can apply for a lease to mine uranium, subject to the prior issue of an environmental authorisation by the Government.


The recognition of two large radiometric anomalies that overlie faulted and folded lithologies is an indication that new undiscovered uranium mineralisation may exist on the project. The successful amalgamation of historical airborne magnetic, radiometric and satellite data has allowed the company to map structures and lithologies that previous explorers had overlooked.
Infini Resources chief executive officer Charles Armstrong

The company’s Des Herbiers project has a mineral resource of 162 million tonnes at 123 parts per million uranium oxide for 43.95 million pounds. There are also significant historical results indicating the project may have the potential to be a near-surface, low-grade, bulk-tonnage mine.


Previous diamond-drilling returned hits of 5.4m at 2131ppm uranium oxide from 5.8m, 6m going 997ppm from 147.8m and 5.7m at 759ppm from a near-surface depth of 0.9m. Trench sampling at the project produced stellar hits from surface, including 6m going 3577ppm uranium oxide and 2m at 3378ppm.


Des Herbiers consists of 66 non-contiguous claims comprising 36.25km of ground and sits 9km north-west of the Baie-Johan-Beetz township in the Gulf of St Lawrence.


Infini recently expanded its prospective suite of Western Australian uranium assets by acquiring the Bellah Bore East deposit that hosts an older-style JORC resource of 350,000 tonnes at 210ppm for 160,000 pounds of the radioactive element. Bellah Bore East sits next to the company’s Yeelirrie North project, about 60km south-west from the WA gold-mining town of Wiluna and 900km north-east of Perth by road in the East Murchison region.


Management says the acquisition is a strategic consolidation of its landholdings in the area, with Bellah Bore East sitting on the western edge and contiguous to its existing Yeelirrie North tenement. It is on a prospecting licence with a 92.67-hectare footprint and its deposit stretches for 500m by 150m and is based on historical air-core (AC) drilling of 54 holes.


Infini intends to convert the resource to a 2012 JORC status in a timely manner upon the successful completion of the acquisition, which is expected to occur later this month after the company conducts due diligence on the purchase.


The Bellah Bore East acquisition continues its aggressive expansion with uranium. In Canada, it also has the Tinco South Claim uranium-niobium project in Saskatchewan, the Paterson Lake lithium project in Ontario and the Portland uranium project in Newfoundland.


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


Infini has compiled an impressive array of projects in Canada and WA and in time, Des Herbiers may well prove to be the pick of the bunch.


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

6 views

Commentaires


Les commentaires ont été désactivés.
bottom of page