- Infini Resources (ASX:I88) uncovers multiple large uranium targets at its Portland Creek project in Newfoundland, Canada
- The findings come from desktop geological and geophysical studies, along with a thorough review of historical data of the project
- The company has multiple exploration targets supported by radiometric anomalism and mineralised rock samples
- Infini will carry out geological mapping, sampling and soil surveys to refine existing targets and potentially discover new ones
- I88 last traded at 30.5 cents
Infini Resources (ASX:I88) has uncovered multiple large uranium targets at its Portland Creek project in Newfoundland, Canada.
The findings come from desktop geological and geophysical studies, along with a review of historical data of the project.
“The identification of a very large radiometric anomaly in combination with widespread uranium geochemical anomalies from a review of historical data is highly encouraging, and significantly enhances the prospectivity for discovery of economic deposits of uranium at Portland Creek,” Infini CEO Charles Armstrong said.
The company now has multiple exploration targets supported by radiometric anomalism and mineralised rock samples.
One area is called ‘the Talus prospect (T1)’, and seven other targets (T2-T8) await follow-up fieldwork once weather conditions permit.
Rock sampling by Ucore Uranium suggests uranium mineralisation at Portland Creek may extend over a kilometre in a north-south corridor.
T1 is a top priority for further exploration.
Infini has planned further exploration programs, including geological mapping, sampling and soil surveys, to refine existing targets and potentially discover new ones.
These studies aim to establish a litho-structural interpretation to enhance the company’s geological understanding and advance the exploration model at Portland Creek.
I88 last traded at 30.5 cents.