Portland Creek Project
Talus Prospect
World Class Soil Sampling Results – Stunning Assays Grading ~7.5% U3O8
- Exceptionally high-grade uranium soil assays
- ~800m x 100m north-south anomalism coincidental with three converging faults and a shear zone
- Open to the east and west
- 7 out of 17 soil samples re-assayed returned >3% U3O8
- Peak result of 74,997 ppm U3O8 is 14,999 times the background of ~5 ppm U3O8
Large Structural Corridor with Significant Anomalism
Diamond drilling is planned to target soil geochemistry and shear zone structures! UAV expanded magnetic survey will advance new geochemical targets in the south.
- Massive ~3.2km radiometric anomaly set within highly favourable geology consisting of a de-magnetized post-tectonic granite thrust over the top of a carbonate sedimentary sequence
- High-priority Talus Prospect (T1) proven to be uranium bearing with the source of primary bedrock mineralisation yet to be determined
- Surface geochemical surveys and UAV magnetics have been highly effective in identifying the potential source areas of these highly anomalous uranium results
- Numerous large historical radon gas anomaly contours indicate the potential for multiple areas of undercover uranium mineralisation
Glaciology Expert Confirms Proximal Source For Uranium In Soils
Analysis of surficial geology by globally recognised glaciologist Dr.Martin Ross shows that previously reported high-grade uranium in soil is likely to bederived locally and not glacially transported.
- An important step that has de-risked the exploration model prior to undertaking diamond drilling
- High grade anomaly sits within mapped colluvium and sits above the 120m average sea level marine limit
- Evidence suggests the likelihood of a soil anomaly being caused by substantial glacial transport far from its source is considered very low
- Additional insights into geochemical pathfinders with domaining of geomorphology
- Data to be utilised for drill target planning and prioritisation
Portland Creek
Regional Exploration Upside
Dominant Land Position – Total of 7 granted mining claims (149 km2)
- Talus Prospect Origin: Extremely large U/Th radiometric anomalies with coincident lake sediment geochemistry and mineralised rock samplesSID 171315: 1,020ppm U3O8
- SID 176865: 986ppm U3O8
- Potential for uranium mineralisation to exist outside of the Talus Prospect with 4 additional areas of interest
- Highly underexplored with minimal historical work completed
Potential For A Major Greenfields Discovery
Multiple Geological Indicators
- Unexplained Origin for Highly Anomalous Stream Sediments and Historical Radon Gas Anomalies
- Massive 3.2km Radiometric Anomaly
- Primary Fault System coincident with high grade grab sample: 2,180ppmU3O8
- Secondary Structures coincident with stunning uranium geochemistry in soils: 74,997ppm U3O8
Large Exploration Corridor = Major Fault System Underlying Soil, Rock & Radiometric Anomalism
A Quickly Evolving Exploration Story
The Portland Creek Uranium Project is 100% owned and royalty free
- Favorable geological setting comprising a de-magnetized post-tectonic granite thrust over the top of a carbonate sedimentary sequence
- Excellent access to local labour, site accommodation and services
- Sporadic and unfocused historical exploration due to location, climate, poor uranium pricing and inability to test new exploration models = I88 opportunity
- I88 exploration has been fast-tracked and total costs reduced significantly by utilizing pre-existing historical radiometric surveys, radon gas track etch data, boulder rock and grab samples, government stream sediments and historical report archives.
Newfoundland
A Tier One Underexplored Mining Jurisdiction
- Portland Creek Uranium Project is located in the pro-mining province of Newfoundland, Canada
- Uranium registered on the Newfoundland Government’sCritical Minerals List
- Government exploration incentives available for Uranium companies, with Infini Resources receiving a 2024Junior Exploration Assistance (JEA) grant
- Active Uranium Explorers In Labrador and Newfoundland including Paladin’s (ASX:PDN) High-Grade Michelin U Project
- Portland Creek is a historical mining region with the Daniel’s HarbourMine located only ~15km to the north having been in operation from 1975-19901
Location and Tenure
Licenses 036683M, 036684M and 036685M comprise an area of 10,800Ha (108km2) located approximately 6km northeast of Portland Creek township in Newfoundland Canada. The claims are situated over a large regional uranium anomaly that was identified in the 1970’s by a Newfoundland government stream sediment sampling program.
The western part of Newfoundland is underexplored by modern standards and is considered highly prospective for the discovery of new uranium deposits.
Geology and Prospectivity
The licenses are situated in the Precambrian Long Range Complex and are part of the Humber Tectonic – Stratigraphic zone. These members include metaquartzite and a suite of paragneisses, intruded by leucocratic pink granite, and lying in fault contact with a darker more radioactive porphyritic granite.
The claims fall inside a large area mapped by S. J. Nelson (1955) for the Geological Survey of Newfoundland and cover a uranium anomaly in lake sediments sampled by the Newfoundland Government, Davenport and Butler (1976). Conwest Exploration first became interested in the Portland Creek Pond area in 1976 and initiated reconnaissance scintillometer and geological traverses along with sediment sampling. A grid was set up to include geochemical and radiometric anomalies, track etch, scintillometer and geochemical tests. In 1976, diamond drilling was performed by Eldorado Nuclear Limited in the Portland Creek Pond Area to test for uranium mineralization in fault zones. Footage drilled was 383. No uranium mineralization was intersected in the fault structure however the drillhole was placed 4km south of the highly anomalous radioactive grab sample site that assayed 1849 ppm U and 8 ppm Th.
Planned Exploration
The Portland Creek area has had very limited exploration in recent years. Based on available information, the Company considers that a further detailed review and on-ground exploration is warranted.
Funds raised from the Public Offer will be used to undertake a systematic exploration program including MMI soil sampling and UAV magnetic/radiometric surveys to define targets for drill testing.