Further High Grade Uranium in Soil Results from Portland Creek

Infini Resources Ltd (ASX: I88, “Infini” or the “Company”) is delighted to announce the results of its major follow up soil sampling program at its highly prospective and 100% owned Portland Creek Uranium Project in Newfoundland, Canada. These assay results mark the completion of the Company’s follow up exploration program (Figure 1 and refer to ASX announcement 16 September 2024).

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HIGHLIGHTS

• Extraordinarily high soil uranium assays now define a ~800m x 100 m zone coincident with a north-south shear and three major converging secondary faults. The zone remains open to the east and west with a peak assay result of 7.5% U3O8.
• New high-grade uranium soil assays include:
  • IRS0755: 4,056 ppm U3O8
  • IRS0571: 3,679 ppm U3O8
  • IRS0572: 3,007 ppm U3O8
  • IRS0567: 2,901 ppm U3O8
  • IRS0783: 2,264 ppm U3O8
  • IRS0774: 2,193 ppm U3O8
  • IRS0788: 1,981 ppm U3O8
  • IRS1174: 1,604 ppm U3O8
  • IRS0772: 1,164 ppm U3O8
  • IRS1100: 1,116 ppm U3O8
• Additional geochemical anomalism identified in the North and South is highly encouraging as it indicates potential for additional undiscovered uranium deposits to exist within the project
• These exceptional follow up soil geochemistry results at Portland Creek significantly increase the prospectivity of the project by adding numerous additional drill targets to the exploration portfolio
• UAV magnetic survey planned to commence late October will help determine what litho-structural controls exist underneath the numerous and large new soil anomalies identified in the North and South

Infini’s Managing Director and CEO, Charles Armstrong said: “These follow up soils are incredibly exciting, with exploration to date indicating that Portland Creek may be host to a large, high-grade uranium system. These results increase the prospectivity of the ground significantly and further increase our confidence that the source of the primary uranium mineralisation is close by. The initial zone has now grown from an original ~235m x 100m to ~800m x 100m (340% increase) which is an outstanding result.

Furthermore, we now have additional grouped uranium soil anomalies located ~500m to the North and

~1.5km to the South. We are prioritizing the Talus high grade zone as our top maiden drill target and now we can use this data to finalise our diamond drill plans.”

Click here for the full ASX Release

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