Infini Resources Launches Phase 2 Drilling at Portland Creek Uranium Project
Infini Resources has initiated its Phase 2 diamond drilling campaign at the Portland Creek Uranium Project in Newfoundland, targeting multiple high-grade uranium anomalies within a 6-kilometre corridor. The company aims to refine its exploration model and potentially unlock a significant uranium discovery.
- Phase 2 diamond drilling commenced targeting 12 priority uranium anomalies
- Minimum 2,500 metres planned with potential to scale based on results
- Geological team on site refining drillhole placement and orientation
- Historic soil samples show peak uranium grades up to 74,997 ppm U3O8
- Project located within a significant uranium anomaly zone in Newfoundland
Phase 2 Drilling Underway at Portland Creek
Infini Resources Limited (ASX – I88) has officially commenced its Phase 2 diamond drilling program at the Portland Creek Uranium Project, located in Newfoundland, Canada. This marks a critical step in the company’s exploration strategy, aiming to test up to 12 high-priority targets identified along a more than 6-kilometre corridor of uranium-in-soil anomalies. The drill rig and geological team have safely mobilised to site, with drilling now actively underway.
Targeting High-Grade Uranium Zones
The Portland Creek project area is notable for its significant historic uranium anomalies, including soil samples with uranium concentrations reaching an extraordinary 74,997 ppm U3O8. These anomalies are closely associated with untested east-west fault structures, which are believed to be key controls on uranium mineralisation. Infini’s geological team is conducting detailed mapping and sampling on site to refine drillhole locations and orientations, ensuring the program is both efficient and responsive to emerging data.
Flexible and Scalable Exploration Approach
The Phase 2 drilling program is designed with a minimum of 2,500 metres planned, but with flexibility to expand depending on initial results. This agile approach allows Infini to rapidly capitalise on promising intersections and adjust its exploration model in real time. CEO Rohan Bone expressed optimism about the campaign, highlighting the methodical technical groundwork that has identified multiple compelling uranium targets. He emphasised the potential for this drilling to unlock a significant discovery that could materially benefit shareholders.
Strategic Importance of Portland Creek
Situated within the Precambrian Long-Range Complex of the Humber Tectonic-Stratigraphic Zone, the Portland Creek Project covers 149 square kilometres of highly prospective terrain. The geology, featuring metaquartzite, paragneisses, and granitic intrusions, has historically yielded uranium anomalies dating back to the 1970s. Infini’s ongoing work has confirmed and expanded these anomalies, including a high-grade zone at the Falls Lake Prospect. The project’s location and geological setting position it as a potentially significant uranium asset in a market increasingly focused on energy transition metals.
Looking Ahead
Infini Resources plans to provide regular updates as drilling progresses and assay results become available. The market will be watching closely to see if the Phase 2 program can convert these promising targets into a meaningful resource, potentially reshaping the company’s valuation and strategic outlook.
Bottom Line?
As drilling advances, Infini’s ability to translate anomalies into a viable uranium resource will be pivotal for its next growth phase.
Questions in the middle?
- Will Phase 2 drilling confirm high-grade uranium mineralisation consistent with historic anomalies?
- How quickly can Infini scale the drilling program if early results prove promising?
- What impact could a significant discovery at Portland Creek have on Infini’s market valuation?
