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Infini Resources (ASX:I88) has published the results of its maiden soil sampling assays, describing the results as “stunning.”
The company flagged on Monday that some hits had exceeded laboratory detection limits with 17 samples above ~1.18% concentrations.
These are significantly high grades in soil for a mineral not rarely mined at concentrations <1% in hard-rock contexts.
Whether soil sample grades reflect potential mineral systems deeper underground remains to be seen, however, 52% of all samples exceeded 1,000ppm – a promising sign as far as Infini’s geotechs are concerned.
Additional results highlighted came in at 1.08% uranium; 7,818ppm uranium and 7,122ppm uranium.
Soil samples assayed and reported on Monday were taken from an area some 400m in size within the company’s larger 3.2km landholding.
Notably, today’s samples were pulled from an area detected by radon gas anomalies showing.
The company has another 23 such target areas of interest at its Canadian project to investigate.
Company chief Charles Armstrong’s positivity was palpable.
“These first pass soils are nothing short of outstanding and represent some of the highest uranium soil grades returned globally,” Armstrong said.
“To see such consistent and high-grade mineralisation within soil sampling across ~235m x 100m, which sits within a ~3.2km radiometric corridor is remarkable and suggests we may be very close to a potential discovery here at Portland Creek.
“Right now, we await the follow-up assay results from these ‘ore grade’ soil samples to determine how high they really are, in addition to planning fieldwork to sample the unexplored radon gas anomalies at the property.”
I88 last traded at 15.5cps.
