Infini zeroes in on discovery in Canadian uranium heartland

Infini Resources has completed an advanced drill-targeting analysis at its expanded Reitenbach Lake uranium project, in Canada’s world-class Athabasca basin, confirming extensions of key conductive trends that align with uranium highs ahead of a maiden drilling campaign next quarter.

The company’s airborne electromagnetic (EM) interpretation revealed conductive horizons from the original Reitenbach Lake holdings that extend some 20 kilometres into the company’s newly staked ground, creating a 20km by 5km prospective uranium corridor.

Combined with existing conductors across the adjacent Reynolds Lake and Reitenbach Lake projects, Infini has now mapped out roughly 80 km of total EM strike length across the broader area.

The company believes the conductors consist of graphitic schists and structurally controlled features considered prime real estate for basement-hosted uranium mineralisation, typical of the Athabasca Basin’s unconformity-style systems.

A desktop review of historical exploration records over the expanded claims identified elevated uranium-in-lake-sediment geochemistry, with multiple zones lining up with the new EM conductors, major shear zones, cross-cutting structures and airborne radiometric highs.

The overlapping datasets have highlighted several compelling target areas ripe for testing, with priority rankings set to be finalised in the coming quarter.

The company says the combined results have boosted the case for a large, coherent uranium system, building directly on recent surface rock-chip assays that have already confirmed high-grade primary uranium at its Titus prospect.

Identifying an additional ~20 x 5 km prospective EM corridor across our recently expanded tenements, and now having approximately 80 kilometres of EM conductors defined across the broader project area, really highlights the size of the opportunity we are dealing with.

The Reynolds Lake and Reitenbach Lake projects, together, cover 1021 square kilometres of contiguous ground on the eastern margin of the Athabasca Basin in northern Saskatchewan, a region highly prospective for unconformity-style uranium deposits.

The deposits mirror those behind some of the world’s richest uranium mines, such as Cameco Corporation’s Rabbit Lake and Eagle Point operations, which have collectively produced more than 230 million pounds of uranium from the Athabasca.

The basin remains one of the world’s premier uranium powerhouses, supplying about 20 per cent of global output.

Uranium forecasts remain strongly bullish, with some analysts forecasting prices as high as US$135 (A$201) per pound, driven by energy-hungry AI- data centres and the growing role of nuclear power as a reliable, carbon-free energy source.

With datasets zeroing in on high-priority corridors and maiden drilling approaching, Infini looks primed for its first crack at a proper uranium discovery in the fabled Athabasca basin.

Is your ASX-listed company doing something interesting? Contact: matt.birney@wanews.com.au