Infini ‘hot rocks’ reader lights up with visible uranium in Canada

The West Australian

Oct 03

Infini Resources has unleashed a powerful one-two punch in Canada’s legendary Athabasca Basin, after its inaugural field programs at both the company’s Reynolds and Reitenbach Lake uranium projects ...

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A further nearby boulder, made of gneiss, gave off a strong scintillometer reading of 8090 cps, reinforcing the potential for the area to be laced with high-grade uranium.At Reynolds Lake, which lies just south of Reitenbach, the company’s systematic fieldwork collected 59 separate scintillometer readings above 1000cps, with a peak of 9700cps logged in a smoky quartz-rich boulder. Dozens more samples ranged between 2000 and 5000cps, suggesting widespread near-surface mineralisation.The Reynolds Lake program zeroed in on 14 high-priority targets identified from earlier airborne electromagnetic (EM) and magnetic surveys, focusing on spots where structural corridors tend to intersect with radiometric hotspots.In particular, the company’s geos were looking for spots where uranium-rich lake sediments and geological features, such as the massive Needle Falls shear zone, lined up neatly with EM conductors. These are all classic ingredients for a serious uranium system.The identification of the uraninite at Reitenbach Lake is a significant breakthrough and underscores the quality of our Athabasca Basin portfolio. Combined with the widespread anomalism we have confirmed at Reynolds Lake, these results strongly validate our exploration model. Infini Resources chief executive officer Rohan BoneIn total, 921 samples, including 773 soils and 148 rock chips, were collected across the two projects, which have been sent to ALS Global’s Canadian lab.Samples returning scintillometer readings above 5000cps have been fast-tracked for analysis, and the geochemical results are expected in the December quarter.The results will then be matched with the existing geophysical and structural data to fine-tune drill targets, which Infini says it is aiming to test in a 2026 maiden drilling campaign.The combined Infini projects stretch 677 square kilometres on the eastern margin of the Athabasca Basin and are considered highly prospective for unconformity-style uranium deposits.These types of deposits are the same class responsible for producing some of the world’s richest uranium mines, such as Cameco Corporation’s massive Rabbit Lake and Eagle Point mines, which have collectively produced more than 230 million pounds of uranium.Notably, the projects also lie in a geologically complex area made up of ancient metamorphic and igneous rocks, graphite-rich schists and gneisses, and large fault lines - all key features often associated with high-grade uranium deposits.Elsewhere, Infini has drill rigs turning in a phase two campaign at its flagship Portland Creek uranium project in Newfoundland and Labrador.The 2500m program is designed to probe up to 12 high-priority targets strung along a six-kilometre corridor already humming with uranium-in-soil anomalies. It follows last year’s eye-popping discovery of samples grading up to a staggering 74,997 parts per million uranium oxide.With visible uranium now confirmed at surface at Reitenbach Lake, radiometric hotspots lighting up across Reynolds Lake and assays due within months, Infini Resources looks to be hitting its stride in the Athabascan Basin.With a 2026 drill blitz looming and momentum already building at its Portland Creek uranium project further east, the company is setting the stage for a flurry of headline-grabbing news as it races to become Canada’s next high-grade uranium supplier.Is your ASX-listed company doing something interesting? Contact: matt.birney@wanews.com.au","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}