Infini targets high-grade uranium hits in Canadian campaign
The campaign will follow up on surface anomalies peaking at an eye-catching 7.5 per cent uranium oxide and aims to unlock a potential 6-kilometre mineralised corridor.
The company says a refined exploration model, built from phase one drilling, structural mapping, geochemical sampling and airborne geophysics has uncovered a set of untested east-west fault systems interpreted as primary controls on uranium mineralisation.
These faults are believed to be shallow, near-vertical and outcropping, with uranium values at surface peaking at a spectacular 74,997 parts per million (ppm) uranium oxide, or about 7.5 per cent.
In total, 12 high-priority drill targets have been defined along the 6km corridor. A 2500-metre diamond drill program is set to begin in the third quarter this year, with flexibility built in to scale it up depending on early results.
The latest model points to uranium-enriched hydrothermal veins hosted in granite and associated with brecciation, stockwork veining and hematite alteration - classic signs of a shear-hosted uranium system.
Early mapping has revealed uranium-bearing granite boulders and outcropping mineralised veins grading up to 2180ppm uranium oxide, adding to the company's confidence that the targets could be part of a broader, fertile system and not just geophysical anomalies.
Infini's geologists believe the uranium-bearing structures are linked to low-angle shear zones feeding hydrothermal fluids upward into more brittle east-west structures - a model that could explain both the surface uranium anomalies and the subsurface potential.
Infini Resources chief executive officer Rohan Bone said:
'Refinements to the exploration model have unlocked further insights into the origination of the outstanding uranium-bearing soil samples. We now believe these are resultant from the primary east-west faults sub-cropping into the soils.'
The upcoming campaign will test several faults, including using step-back holes to assess depth potential. Structural mapping and rock-chip sampling are underway to optimise the hole placement. Infini's in-country geological team will oversee the program.
Portland Creek is just one part of Infini's expanding Canadian uranium portfolio, which also includes the Reynolds Lake project in the Athabasca Basin, home to some of the world's highest-grade uranium deposits.
A recent electromagnetic survey at Reynolds Lake identified multiple vertically dipping bedrock conductors more than 10km in length, coincident with magnetic lows and uranium radiometric anomalies, which present a promising sign of shallow, unconformity-style mineralisation.
The company's Canadian assets are being brought into sharper focus at a time when uranium has re-emerged at the front and centre of the global energy conversation. With more than 60 nuclear reactors under construction worldwide, led by China and India, the call for clean baseload power is reshaping uranium markets.
Prices have tripled in the past four years, fuelled by tightening supply, rising geopolitical tensions across the globe and a growing consensus that nuclear energy will play a pivotal role in hitting net-zero targets.
Infini is one of several Australian juniors looking to position themselves in the next uranium cycle - and with aggressive exploration in world-class Canadian terrain, the company is staking its claim early.
Is your ASX-listed company doing something interesting? Contact:
matt.birney@wanews.com.au
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