Infini Resources Identifies “Game Changing” Uranium Intersections at Portland Creek

Infini Resources (ASX: I88) has made a breakthrough identification of uranium-hosting structures in Phase 2 diamond drilling at its Portland Creek uranium project in Newfoundland, Canada.

Drilling intersected elevated uranium readings across multiple zones, along with radioactive uraninite (also known as pitchblende), which many consider the most important uranium ore for nuclear power.

While the program has only partially tested two out of 12 priority targets, the company is increasingly confident Portland Creek is a district-scale polymetallic system of uranium, molybdenum, zinc, and associated pathfinder elements.

Awaiting Assays Results

Infini has six holes across 1,421 metres either complete or in progress, and is now awaiting key assay results.

In the meantime, the company will continue drilling at the second target to test for further extensive zones of alteration and uranium mineralisation, as well as at other target zones where it has interpreted large east-to-west structures.

Exploration will also include systematic sampling, geochemical assays, and structural analysis to vector towards potential high-grade zones.

‘Game-Changer for Portland Creek’

“These first drill holes are a game-changer for Portland Creek,” chief executive officer Rohan Bone said.

“We have intersected extensive zones of elevated uranium, confirming widespread hydrothermal alteration and validating our exploration model,” he said.

“The scale of the opportunity at Portland Creek is becoming increasingly clear—with every hole, we are uncovering more indications of a potential district-level polymetallic uranium system at a time when uranium and critical minerals are central to the global energy transition.”

Large Regional Anomaly

The project area covers a large regional uranium anomaly that a Newfoundland government lake sediment sampling program first identified in the 1970s.

A compilation of historical and recent exploration data has since delineated the 6km zone of anomalous uranium and radon gas in lake sediments, soils and in an airborne radiometric survey.

This anomaly closely follows a prominent fault scarp, marking the edge of a granitic plateau interpreted as a deep-seated fault.

Infini believes Portland Creek’s proximity of to the historical Daniel’s Harbour zinc mine 10 km away provides an important analogue for large-scale hydrothermal activity in the district.