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

Auravelle Metals commences gold discovery aircore program at Nuckulla Hill

Auravelle Metals has commenced testing new drill targets at the Nuckulla Hill gold project in South…

BPM Minerals granted Bonnie and Clyde drilling approvals

BPM Minerals has received the final key approval allowing for the maiden Bonnie & Clyde drilling…

Emperor signs contract rig for critical Judith-2 gas appraisal well

Emperor Energy is aiming to drill an appraisal well on Judith, the largest undeveloped conventional gas…

Omega Oil & Gas kicks off key new Taroom Trough well at Canyon-4

Omega Oil & Gas has kicked off the next key well aimed at confirming the world-class…