Infini Resources’ (ASX:I88) geotech team has discovered two new possible large uranium targets underground at its Des Herbiers project in Quebec.
The 100% owned project already boasts a resource of 162Mt of ore for 43.9Mlb of uranium. “Historical exploration and drilling have revealed an abundance of low grade, near surface, bulk tonnage uranium,” the company explained on Thursday.
The two new targets discovered by Infini are notable for their size. One measures 1.7km x 1.5km; the second is 1.3km x 0.8km. Neither has been the subject of any prior drilling.
The project is overall 36.25km in size across 66 different claims roughly 9km northwest of Baie-Johan-Beetz municipality.
Infini also reminded shareholders on Thursday that unlike Australia, Quebec’s government has no moratorium on uranium exploration or mining.
“The recognition of two large radiometric anomalies that overlie faulted and folded lithologies is an indication that new undiscovered uranium mineralisation may exist on the project,” Infini CEO Charles Armstrong said.
“The successful amalgamation of historical airborne magnetic, radiometric and satellite data has allowed the Company to map structures and lithologies that previous explorers had overlooked.”
I88 last traded at 16cps.