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Infini Resources Ltd. ( (AU:I88) ) has provided an update.
Infini Resources has secured drill permits from Saskatchewan authorities for its maiden diamond drilling program at the Reynolds Lake and Reitenbach Lake uranium projects, marking a key step toward first drill testing of this underexplored part of the eastern Athabasca Basin. The permits follow consultation with local First Nations and clear the way for mobilisation of contractors in late April after a short weather-related delay.
The company plans a minimum 2,500m program to systematically test high-priority uranium targets defined by coincident EM conductors, magnetic features, geochemical anomalies and structural corridors. These datasets, including an 80km conductor network and a 15km by 3km corridor around the high-grade Titus Prospect, suggest a system-scale uranium footprint that could materially enhance Infini’s resource potential and strategic positioning in the Athabasca region if drilling results are successful.
More about Infini Resources Ltd.
Infini Resources Ltd. is an ASX-listed exploration company focused on uranium projects, with a growing portfolio in northern Saskatchewan, Canada. The company is targeting both unconformity-related and basement-hosted uranium systems on the eastern margin of the Athabasca Basin, a globally significant uranium district, as it advances early-stage but potentially large-scale discoveries.
Average Trading Volume: 291,047
Technical Sentiment Signal: Sell
Current Market Cap: A$17.85M
For an in-depth examination of I88 stock, go to TipRanks’ Overview page.