Infini Resources Identifies Multiple Bedrock Conductors in Phase 1 Drilling at Reynolds Lake Uranium Project

Infini Resources (ASX: I88) has identified multiple large-scale bedrock conductors from an 1,100-line-kilometre airborne electromagnetic survey at its Reynolds Lake uranium project in Canada.

The presence of electrical conductors — the largest being more than 10km long — were coincident with radiometric anomalies and magnetic lows and Infini believes they are an indication of shallow unconformity-style mineralisation on the basin’s outboard edge.

The mineralisation is significantly shallower than many well-known deposits within the region (including Cameco’s operations at Cigar Lake and McArthur River), which will likely result in more efficient and cost-effective exploration of prospective target areas.

Reynolds Lake Location

The Reynolds Lake project comprises 12 claims over 386 square kilometres near the eastern outboard edge of the Athabasca Basin, a region known for its high-grade uranium.

The major Needle Falls Shear Zone structural feature transects the project area with a northeast-southwest orientation.

Infini has identified graphitic schists and gneisses — considered critical host rocks for unconformity-type uranium mineralisation — at several locations across the Reynolds Lake acreage.

Highly Significant Results

“Reynolds Lake remains untested by modern airborne survey methods, so the identification of major conductors in a historically underexplored region is highly significant,” chief executive officer Rohan Bone said.

“Importantly, the results suggest the unconformity-style uranium mineralisation is near-surface with potential for outcropping, meaning these anomalies can be explored efficiently and rapidly.”

Mr Bone said the Infini team would collate and interpret all available geophysics, geochemistry and mapping data to identify prospective targets for a maiden field campaign.

“We expect to conclude the desktop study in the coming weeks before commencing the evaluation and planning of an inaugural exploration program comprising lithogeochemical sampling, prospecting and mapping,” he said.

Portland Creek Review

Infini has fast-tracked a review of data from Phase 1 drilling at its wholly-owned Portland Creek project in Canada to refine the exploration model and inform target generation.

The company has engaged Perth-based consultancy Newexco to interpret the structural, geochemical and geophysical data for a Phase 2 diamond drilling schedule it will finalise this month.

Specifically, Newexco will investigate major uranium-in-soil anomalies with a peak value of 74,997 parts per million (or 7.5%) uranium oxide that remain unexplained by Phase 1 drilling.

The anomalies occur over a 6km corridor where multiple other structures remain untested.

Primary Uranium Orebody

Mr Bone said the presence of pathfinder elements and hydrothermal alteration zones suggest the company could intersect a significant primary uranium orebody in a Phase 2 program.

“Our confidence in a large-scale uranium system at Portland Creek remains high following Phase 1 drilling and our early observations have confirmed the potential for alternative-style deposits which we will consider when refining the exploration model,” Mr Bone said.

“Portland Creek remains an incredibly exciting project and we eagerly look forward to the next phase of exploration in the coming quarter.”