Infini Resources (ASX: I88) has identified multiple large-scale bedrock conductors at its Reynolds Lake uranium project in Canada following an 1,100-line-kilometre airborne electromagnetic survey. Infini Resources is focused on acquiring and developing mineral projects with exposure to battery and nuclear commodities. The company is committed to the creation of shareholder wealth through the discovery, development, and production of critical metals.
The presence of these electrical conductors, with the largest spanning over 10km, coincides with radiometric anomalies and magnetic lows. Infini believes this indicates shallow unconformity-style mineralisation on the basin’s outer edge. The Reynolds Lake project encompasses 12 claims across 386 square kilometres near the Athabasca Basin’s eastern edge, a region renowned for its high-grade uranium deposits.
According to chief executive officer Rohan Bone, the identification of major conductors in a historically underexplored region is highly significant, as Reynolds Lake has remained untested by modern airborne survey methods. The results suggest that unconformity-style uranium mineralisation is near-surface, potentially even outcropping, allowing for efficient and rapid exploration of these anomalies. The company plans to collate and interpret available geophysical, geochemical, and mapping data to pinpoint prospective targets for an initial field campaign.
Infini is also fast-tracking a review of Phase 1 drilling data from its wholly-owned Portland Creek project in Canada to refine the exploration model and inform target generation. Perth-based consultancy Newexco has been engaged to interpret structural, geochemical, and geophysical data for a Phase 2 diamond drilling schedule, expected to be finalised this month. This includes investigating major uranium-in-soil anomalies, with a peak value of 74,997 parts per million uranium oxide, that remain unexplained by Phase 1 drilling. The company remains confident in a large-scale uranium system at Portland Creek and eagerly anticipates the next phase of exploration in the coming quarter.
