Economy

Infini to drill ultra-high grade Newfoundland uranium hits

Some of these link structures intersect within the area of the high uranium results and the centre of the main radiometric envelope.

Infini says it plans to drill the target area with overlapping holes initially along east-west lines spaced at 100m, with drill lines proposed to be closed-up to 50m spacing in the event of initial encouragement.

The company says the final number of drill holes and hole depths will depend on continuous assessment of each drill hole as the program progresses. The hole depths and dips will be adjusted according to their proximity to the major eastern scarp fault and the angle of the fault itself.

Infini Resources’ managing director and chief executive officer Charles Armstrong said: “This rapid permitting reaffirms that we continue to operate in a pro-uranium, tier one mining jurisdiction in Newfoundland, Canada. We have a special project here that has the potential to contain multiple new high-grade uranium discoveries.”

Armstrong said he hopes the source of the world-class uranium soil anomaly, with a peak result of 7.5 per cent uranium oxides, will be explained by significant bedrock uranium mineralisation.

Activities planned for the diamond drilling include conventional core logging and downhole telesurveys to collect lithological, structural, gamma, density and radiometric data.

Handheld spectrometer readings will also be taken routinely as the core is pulled to provide quick responses on uranium detection before the core gets sent to the laboratory.

Other proposed work includes an expanded UAV litho-structural interpretation, with the results expected to be released in the next couple of weeks.

A second diamond drill permit application will be made when the southern geochemical anomalies and associated structural interpretation have been assessed, with the chance of a second rig being mobilised in early in February.

The intensity of the uranium anomalism and its cohesive contours and apparent structural associations point to a potentially significant primary uranium source nearby.

Surface mapping is frustrated by extensive surface talus (scree) cover and diamond drilling with a light and highly mobile transportable rig is the only means of peering into the prospect’s depths and acquiring high quality material for examination and analysis.

This initial phase of Infini’s drilling will almost certainly have uranium watchers’ whiskers twitching with anticipation.

Is your ASX-listed company doing something interesting? Contact: mattbirney@bullsnbears.com.au

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  • Source of information and images “brisbanetimes”

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