Infini Resources announces 340% expansion in uranium anomaly – Investors eye major upside

Infini Resources Limited has announced a major breakthrough in its exploration efforts at the Portland Creek Uranium Project, Newfoundland, Canada. The recent soil sampling results have expanded the Talus uranium anomaly zone by approximately 340%, defining new targets within the structural corridor and significantly enhancing the project’s scale and prospectivity. This remarkable expansion has sparked widespread interest in the mining community, as the significant growth in anomaly size offers promising potential for future high-grade uranium discoveries that could transform the project’s economic viability.

Dramatic Scale Increase in Uranium Discoveries

Infini Resources Limited (ASX: I88) revealed that high-grade soil assays now delineate an expansive uranium anomaly at the Talus Prospect, stretching over 800 meters by 100 meters. This new anomaly coincides with a north-south shear zone and three converging secondary faults, providing a promising geological setting for future exploration. The company highlighted that the uranium zone remains open to both the east and west, with peak assay results reaching an impressive 7.5% U3O8. The expanded zone now not only adds significant value to Infini’s asset base but also underpins a broader exploration program aimed at unlocking the full potential of the uranium system.

The recent assays include extraordinary uranium concentrations, such as 4,056 ppm U3O8 at sample IRS0755 and 3,679 ppm U3O8 at sample IRS0571. These findings have heightened the project’s scale, leading the company to designate new drilling targets across the expanded anomaly. Such concentrations are notably higher than the industry average for uranium deposits, positioning the Talus Prospect as a potentially world-class resource. Infini’s Managing Director and CEO, Charles Armstrong, conveyed his excitement, stating that the latest results greatly enhance the prospectivity of Portland Creek and bolster the belief that a substantial high-grade uranium system lies nearby. He emphasized that this discovery not only increases confidence in the project but also supports the company’s long-term vision of establishing a sustainable uranium mining operation in Newfoundland.

The discovery of high-grade uranium in such concentrations is a testament to the rigorous exploration strategy employed by Infini Resources. The meticulous approach in sampling and analysis has allowed the team to uncover previously untapped zones of mineralization, leading to a threefold expansion in the anomaly’s footprint. Armstrong pointed out that these results indicate the existence of a significant primary source of uranium mineralisation, with the potential for further expansion as exploration continues.

New Anomalies to North and South

In addition to the expanded Talus anomaly, two new geochemical anomaly groups have been identified. Located approximately 500 meters to the north and 1.5 kilometers to the south, these areas show significant potential for additional uranium deposits, independent of the main target zone. The northern anomaly spans 500 meters by 250 meters, while the southern anomaly measures 600 meters by 250 meters, with uranium concentrations as high as 548 ppm U3O8. These newly identified anomalies suggest that the uranium system at Portland Creek is far more extensive than initially thought, indicating a district-scale opportunity that could host multiple high-grade uranium zones.

These anomalies have now become a focal point for further exploration. The potential for multiple deposits within the broader project area aligns with Infini Resources’ strategy of building a robust pipeline of drill-ready targets. Armstrong noted that the identification of these new anomalies validates the company’s exploration model and provides numerous opportunities to uncover additional high-value resources. This discovery has not only expanded the footprint of mineralisation but also pointed to new directions for future growth and exploration within the project area.

Expert Insight on Exploration Strategy

Industry experts note that the structural setting, involving altered granite thrust over reduced sedimentary lithologies, creates an ideal environment for uranium mineralisation. Such geological environments are known for hosting some of the largest and highest-grade uranium deposits globally. The interaction between the shear zones, fault systems, and favorable lithologies forms an excellent trap for uranium-bearing fluids, making the Talus Prospect an exciting exploration target. With the upcoming UAV magnetic survey, Infini Resources aims to better understand the litho-structural controls beneath the extensive soil anomalies, enhancing their capacity to pinpoint drill targets effectively.

The UAV magnetic survey, planned for late October, is expected to provide critical data that will inform the positioning of future drill holes. This survey will help to map subsurface features that may control the distribution of uranium mineralisation, thereby improving the efficiency and success rate of the drilling campaign. The company plans to finalize the drill hole locations, submit drilling permits to Newfoundland’s mining authorities, and carry out an expanded UAV geophysical survey. These steps are crucial to advancing the exploration and potentially delineating a mineable uranium resource. The geophysical survey will also provide insights into the depth and continuity of the identified anomalies, which is vital for determining the overall resource potential.

Armstrong added that the recent findings make the Talus high-grade zone the top maiden drill target. He emphasized that data from this expanded anomaly will be instrumental in finalizing diamond drill plans for the near future. The company’s exploration strategy is focused on efficiently converting these high-priority targets into defined resources. The increased scale of the Talus anomaly not only enhances the attractiveness of the drill program but also underscores the potential for establishing a significant uranium deposit that could support a long-term mining operation.

Project Background and Next Steps

The Portland Creek Project spans 149 square kilometers and is situated within the Precambrian Long-Range Complex. This geological complex is known for its potential to host various mineral deposits, including uranium, due to its unique lithological and structural characteristics. Originally identified through government surveys in the 1970s, the site has since revealed one of the most promising high-grade uranium anomalies in the region. The project’s historical significance, combined with the recent high-grade findings, positions Portland Creek as a key player in the uranium exploration landscape in Canada.

The focus now shifts to translating these geochemical anomalies into a detailed drilling campaign to further delineate the uranium resources. The next steps include submitting drill permits, expanding the UAV survey, and launching a comprehensive drilling program to test the newly identified targets. By leveraging advanced exploration technologies, such as UAV geophysics and detailed geochemical studies, Infini Resources aims to unlock the full potential of Portland Creek. The integration of cutting-edge technology in mapping and exploration ensures that the company remains at the forefront of uranium exploration in Newfoundland.

With exploration expanding, Infini Resources is optimistic about its potential to develop a significant uranium resource in Canada’s Newfoundland region, a sentiment bolstered by these new discoveries and the upcoming exploration programs. The company’s commitment to systematic exploration and its strategic focus on high-grade targets underscore its dedication to delivering value to shareholders. Infini Resources’ efforts are not only aimed at resource definition but also at positioning the company as a leading player in the global uranium market, especially at a time when demand for clean energy sources is on the rise.