Infini Resources chief executive officer Rohan Bone said: “With the key contractors now in place and mobilisation scheduled for mid-August, Infini is well positioned to begin testing the highly prospective targets generated by our refined exploration model and to advance our goal of unlocking a new uranium discovery in at Portland Creek.”
The Portland Creek project spans 149-square-kilometres within the Precambrian Long-Range Complex in the Newfoundland and Labrador regions of northeastern Canada – a region first flagged for uranium back in the 1970s, but now receiving a modern rethink. Infini’s recent boots-on-the-ground exploration looks to have now verified these earlier indicators after delineating a substantial 6km zone of uranium and radon gas that management believes is primed for discovery.
Soil sampling at Falls Lake has revealed an 800m by 100m high-grade anomaly peaking at uber-high grade 7.5 per cent uranium oxide.
While Portland Creek is the company’s immediate focus, Infini also holds ground in Saskatchewan’s Athabasca Basin, including the Reynolds and Boulding Lake projects, regions synonymous with high-grade uranium.
The company’s flagship Des Herbiers deposit in the Athabasca boasts an inferred resource of 162 million tonnes at 123 ppm uranium oxide for 43.95 million pounds of contained uranium.
Uranium prices have nearly tripled in the past four years as the world scrambles to secure clean baseload power and nuclear energy is now squarely back in favour. And, as the drill rigs begin to bite into the bedrock at Portland Creek, Infini is chasing not just a mineralised structure, but the kind of discovery that could reshape the region and place it on the same map as Canada’s legendary Athabasca deposits.
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