Falls Lake is part of the wider Trident Lake zone, a 6km corridor of anomalous uranium and radon gas identified in soils and lake sediments.
Portland Creek hosts prospective geological indicators, including surface anomalism, favourable structures and widespread hydrothermal alteration.
The company believes its ongoing data-driven approach is delivering drill targets that are adjusted to new geological information, maximising the projectโs discovery potential.
Infini Resources chief executive officer Rohan Bone said: โPortland Creek is a rare exploration opportunity, a project which has the potential to host a large-scale uranium system in a tier-one jurisdiction. Weather, slow production rates and wildlife considerations undoubtedly slowed our momentum, but theyโve done nothing to diminish our confidence in the asset.โ
Bone said the company remains fully committed to aggressive exploration with multiple programs planned at Portland Creek and its Athabasca properties in the second half of this year.
The company announced Boneโs appointment a few weeks ago. He has a brief to deliver the next phase of growth across the companyโs portfolio of uranium and lithium projects in Canada and Western Australia. Bone brings 18 years of global experience across multiple mining roles throughout Australia, South East Asia, Canada and Europe.
The upcoming drill program will be managed by the companyโs recently appointed in-country exploration manager Nick Mitchell.
Infini recently completed the acquisition of two prospective uranium plays in Canadaโs renowned Athabasca Basin, which are both perched within 100km of several world-class high-grade uranium mines.
The fully owned Reynolds and Boulding Lake projects comprise a total 931 square kilometres of land, significantly expanding the companyโs grounds in the highly sought-after and richly endowed 100,000-square-kilometre Athabasca Basin.
The 677-square-kilometre Reynolds project contains reported anomalous uranium in-lake sediments and radiometric anomalies close to the underexplored Needle Falls shear zone.
It is a shallow unconformity-style uranium exploration play in a jurisdiction distinguished by a regional fault, radioactive boulders along trend and numerous surface showings.
The adjacent, 254-square-kilometre Boulding Lake contains a plethora of radioactive boulders. The company says a magnetic low, interpreted as basin sediments, indicates the project offers potential as a primary uranium source.
Boulding Lake lies immediately west of Denison Minesโ Johnston Lake uranium project and is close to the globally leading Cigar Lake operating mine.
Cigar Lakeโs underground mine has a total mineral reserve of 551,400 tonnes at a coffee-spitting grade of 15.87 per cent uranium oxide – about 160,000ppm – for 192.9 million pounds of product.
The nearby high-grade McArthur River mine contains a reserve of 2.49Mt at a solid 6.55 per cent uranium oxide for a massive 359.6M pounds.
United States President Donald Trump recently issued executive orders to expedite the approvals process for projects deemed to contain strategically important critical minerals, including uranium, to fuel the rollout of modular nuclear energy reactors and to safeguard the USโs national security. Trumpโs intervention may prove a major boon for the active Canadian junior uranium explorer, if its exploration activities prove successful.
Is your ASX-listed company doing something interesting? Contact: mattbirney@bullsnbears.com.au
About The Author
