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Infini Resources Achieves Significant Uranium Discovery in Canada

Infini Resources has made a remarkable breakthrough in the Athabasca Basin of Canada, unveiling significant uranium mineralization at both its Reynolds and Reitenbach Lake projects. The company’s initial field programs have yielded impressive radiometric results, including visible uranium oxide at the surface, marking a pivotal moment in its exploration efforts.

At Reitenbach Lake, geologists discovered a fracture-hosted uraninite outcrop, achieving scintillometer readings as high as 67,540 counts per second (cps). This discovery represents the first identification of primary uranium mineralization on the surface at this site. A notable sample was taken from a steep fracture, where the distinctive blackish-brown uraninite was clearly visible. Nearby, a boulder composed of gneiss exhibited a scintillometer reading of 8,090 cps, suggesting the area may be rich in high-grade uranium.

The exploration at Reynolds Lake, situated just south of Reitenbach, also showed promising results. The systematic fieldwork produced 59 separate scintillometer readings exceeding 1,000 cps, with a peak reading of 9,700 cps from a smoky quartz-rich boulder. Additional samples ranged between 2,000 and 5,000 cps, indicating widespread near-surface mineralization.

Exploration Strategy and Future Plans

Infini Resources’ exploration team focused on 14 high-priority targets identified through previous airborne electromagnetic (EM) and magnetic surveys. The strategy aimed to locate areas where structural corridors intersect with radiometric hotspots, particularly where uranium-rich lake sediments align with geological features such as the Needle Falls shear zone. These factors are crucial for identifying viable uranium systems.

Rohan Bone, Chief Executive Officer of Infini Resources, commented on the significance of these findings: “The identification of the uraninite at Reitenbach Lake is a significant breakthrough and underscores the quality of our Athabasca Basin portfolio. Combined with the widespread anomalism we have confirmed at Reynolds Lake, these results strongly validate our exploration model.”

The company collected a total of 921 samples, consisting of 773 soils and 148 rock chips, across the two projects. These samples have been sent to ALS Global’s Canadian laboratory for analysis. Notably, samples with scintillometer readings above 5,000 cps have been prioritized for expedited testing, with geochemical results expected in the December quarter of 2023. This data will be integrated with existing geophysical and structural information to refine drill targets for a planned maiden drilling campaign in 2026.

The Infini projects cover 677 square kilometres on the eastern margin of the Athabasca Basin, an area known for its potential for unconformity-style uranium deposits. These deposits are associated with some of the world’s richest uranium mines, such as Cameco Corporation’s Rabbit Lake and Eagle Point mines, which have collectively produced over 230 million pounds of uranium.

Current Developments and Future Prospects

Infini Resources is also advancing its flagship Portland Creek uranium project in Newfoundland and Labrador, where a 2,500-meter drilling program is currently underway. This phase two campaign targets up to 12 high-priority locations along a six-kilometre corridor that has already shown significant uranium-in-soil anomalies. This follows a previous year’s discovery of samples with concentrations as high as 74,997 parts per million of uranium oxide.

With visible uranium now confirmed at Reitenbach Lake, and scintillometer hotspots identified across Reynolds Lake, Infini Resources is poised for significant advancements in the Athabasca Basin. The upcoming drill program in 2026 and ongoing developments at its Portland Creek project indicate a robust future for the company as it aims to establish itself as a key player in Canada’s uranium supply landscape.

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