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Infini Resources Ltd. ( (AU:I88) ) has shared an update.
Infini Resources Ltd has announced significant progress in its Phase 2 diamond drilling program at the Portland Creek Uranium Project. The company has encountered multiple uranium-bearing zones across several drill holes, indicating a potential district-scale, structurally-controlled uranium system. The drilling program, which has expanded beyond initial plans, has revealed visible uranium minerals and elevated uranium values, alongside polymetallic signatures, suggesting the presence of a large-scale polymetallic uranium system. This development positions Portland Creek as a promising early-stage uranium project in Canada, with further drilling and geophysical surveys planned to refine targets and expand exploration efforts.
More about Infini Resources Ltd.
Infini Resources Ltd is a company operating in the mining industry, focusing on the exploration and development of uranium resources. Their primary project is the Portland Creek Uranium Project located in Newfoundland, Canada, where they are engaged in extensive drilling activities to identify and evaluate uranium mineralization.
Average Trading Volume: 838,981
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$27.75M
For detailed information about I88 stock, go to TipRanks’ Stock Analysis page.