Infini Resources gets uranium exploration greenlight

Infini Resources (ASX:I88) has all systems in place to begin fieldwork at its Portland Creek Uranium Project in Newfoundland, Canada. 

The $12.51 million market capitalisation company says exploration is being accelerated with personnel mobilising to site to undertake target reconnaissance. 

Prospecting, channel sampling, and geochemical surveying have all been designed for priority uranium targets T1 to T8 on mineral claims 036683M and 036684M, respectively. 

No archaeological sites exist over this uranium corridor.  

CEO Charles Armstrong says the Talus prospect in particular remains the key focus of any ongoing field activities where ‘high-grade’ grab samples coincident with a massive U/Th anomaly suggest the potential for an undiscovered uranium deposit to exist on the wholly owned project. 

Uranium is considered a critical mineral by Newfoundland and Labrador to supply zero-carbon energy in the transition towards a green economy. 

Portland Creek covers an area of 108km-square in addition to 41km-square in application and sits in the Precambrian Long-Range Complex of the Humber Tectonic – Stratigraphic zone. 

Infini Resources is an energy metals explorer focused on mineral exploration in Canada and Western Australia for uranium and lithium. 

The company has a diversified and ‘highly prospective’ portfolio of assets that includes greenfields and more advanced brownfields projects.

Write to Adam Drought at Mining.com.au

Images: Infini Resources
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Written By Adam Drought
Born and raised in the UK, Adam is a sports fanatic with an interest in Rugby League and UFC/MMA. When not training in Muay Thai and Brazilian Jiu Jitsu, Adam attends Griffith University where he is completing his final year of a Communication & Journalism degree.