Yellow cake powder
Adobe Stock
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

Infini Resources (ASX:I88) has announced soil sampling remains underway at Portland Creek – not long after the company possibly made history finding uranium grades in soil of over 7%.

So far, a total of 382 samples have been collected – not even the lion’s share of a targeted 1,300 total sample count defining this fieldwork run.

The end goal is a diamond drill run to further test what lies underneath for which an application submission remains in progress.

Notably, focus remains on the A1 target area of interest which contained the high-grade Talus soil anomaly grading in at 7.5%. The company has further won approval for a drone-flown electromag survey over the project acreage.

CEO Charles Armstrong has been on-site at Portland Creek in Canada to oversee progress in the recent days and weeks, also to meet with stakeholders from the Minerals Land Division in St. John’s and private landowners.

“The recent visit to site was an excellent opportunity to catch up with field staff and to build relationships with our local stakeholders including the owners of our accommodation site at Mountain Waters Resort whose continual support we are grateful for,” Infini MD Charles Armstrong said.

“It was also fantastic to engage with the Newfoundland Mineral Lands Division in St Johns. I very much look forward to expediting the geochemical analysis of the collected soil samples, so that we can urgently finalise and submit a diamond drilling approval request.”

I88 last traded at 60cps.

I88 by the numbers
More From The Market Online
Organised crime concept

Panic, paranoia, and gangland politics: HotCopper users react to Dubber’s missing $26M

HotCopper users have reacted to overnight reports Dubber has seen $26M disappear from its coffers due…
The Market Online Video

ASX Market Update: Bourse nears record approaching week’s end | November 22, 2024

The bourse is near record territory to close out the week on the back of a…
Image of four gold necklaces

Sales growth pushes Lovisa’s fortunes (and shares) upwards

Lovisa Holdings Ltd has seen its shares rise more than 2% following a sales update, and…
Image of eyes in closeup

Scientific conference spotlights PYC’s work on blindness disease treatment

PYC Therapeutics Ltd will have data from its ongoing trial into a drug candidate to treat…