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Infini Resources set to explore big uranium hits in Newfoundland

Updated: Apr 29


Infini Resources will kick off uranium exploration near Portland Creek in Newfoundland. Credit: File

Infini Resources is set to kick off a uranium hunt at its Portland Lake project in the Canadian province of Newfoundland after gaining approvals for initial work that will include target prospecting and geochemical sampling.


The company says it has already identified eight specific targets from exhaustive desktop studies and has highlighted three of them as priorities along a strong 3.5km-long linear, but slightly arcuate radiometric anomaly.


Other lower-priority targets sit to the north and south of the main trend, extending it to a total strike length of about 4km. Two further lower-priority targets are centred about 1600m south-west of the southern end of the main radiometric signature.


It is good to see our proposed exploration at Portland Creek assessed and approved so quickly. This further highlights the supportive environment Infini is operating in with respect to Uranium exploration in Newfoundland and we are thrilled to begin exploring over these exceptional Uranium targets. Infini Resources chief executive officer Charles Armstrong

Armstong said a field crew was being mobilised to begin reconnaissance and sampling when ground conditions permitted.


The company’s big uranium anomaly was identified in the 1970s by a Newfoundland Government stream sediment sampling program. The Newfoundland Mineral Deposit Index inventory shows one historic uranium grab sample result on the south-eastern end of the biggest anomaly running a grade of 2180 parts per million uranium oxide (U3O8).


A handful of eight rock chip samples within about a 600m radius of the hottest area – referred to as the Talus prospect – range in uranium oxide grades from 37ppm to a high of 865ppm, with other high values including 201ppm, 337ppm and 385ppm.


Interestingly, the 210ppm result sits about 625m east of the main Talus trend of high values and the 385ppm sample is from about 200m east of the historic 2180ppm grab sample result.


Both sample sites would warrant a revisit as Canadian geology can be tricky given the propensity for Ice Age glaciation to move big rock masses.


Newfoundland-Labrador (NL) is Canada’s easternmost province and comprises the island of Newfoundland and the continental region of Labrador for a combined total area of 405,212 square kilometres. The NL Government considers uranium a critical mineral for the energy sector and has approved Infini’s proposed exploration program.


The company’s 100 per cent-owned Portland Creek project covers an area of 108sq km on the north-western shores of Newfoundland, with a further 41sq km of ground still under application.


Just 10 days ago, the company said it had made a strategic move to stake additional ground over four big extensions to cover the Portland Creek radiometric anomalism, after further appraisal of new regional radiometric data as part of its ongoing desktop studies.


In addition to the proposed reconnaissance mapping and geochemistry, Infini plans to include drone-borne photo-grammetry and aeromagnetic surveys across the most prospective Talus area to support its field work and to assist with picking out accessible drill sites for any targets identified.


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

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