Infini Resources Ltd (ASX:I88) has identified a significant fault structure with numerous associated magnetic anomalies, coinciding with high-grade uranium in soil through an UAV magnetic survey at its Portland Creek project in Canada.
The survey results – taken at Portland Creek’s Talus prospect – indicated a notable collisional tectonic zone with a network of NE-SW trending splay faults which are believed to be connected to the soil values of 74,997 parts per million (ppm) triuranium octoxide (U3O8) also recorded there.
Infini said that the multiple UAV magnetic anomalies shown to be within the existing historical radiometric footprint and close to to the high-grade soil anomaly at Talus may be
associated with undercover primary uranium mineralisation.
The company is now designing a second infill surface geochemical survey to refine the existing anomalism and possibly identify new ones at the prospect, which as part of Portland Creek, is located in Canada’s Newfoundland and Labrador province.
Managing Director Charles Armstrong said the survey results opened up several options for Infini at the project.
“The results of the UAV magnetic survey are highly encouraging as we have been able to identify a prolific fault system and numerous magnetic anomalies within the highly prospective 3.2km long radiometric corridor,” he said.
“The Talus prospect now shows evidence of in-situ mineralisation existing within the primary fault zone as evidenced by the historical 2180ppm U3O8 outcropping grab sample: this primary fault is strongly demagnetised and represents an excellent target in its own right.
“The really exciting observation though is seeing secondary faults underlying the high-grade soil anomaly at Talus, and a network of North-South trending ovoid proximal magnetic anomalies which may signify undercover uranium mineralisation pods at depth given their coincidence with both anomalous soils and biogeochemistry.”
Infini has been trading at 85 cents.