Infini Resources Launches Canada Uranium Project Field Program; Shares Fall 4%
MT Newswires Live
Sep 09
Infini Resources (ASX:I88) started a maiden field program at the Reynolds Lake uranium project in Canada, which will include the collection of up to around 1,600 soil and rock-chip samples to refine the firm's exploration model, according to a Tuesday Australian bourse filing.
Work will also include geological mapping and prospecting, with scintillometer and magnetic susceptibility readings taken across the target sample sites, the filing said.
The program is designed to advance the highest-priority targets to drill-ready status for a potential phase one drilling program at the project in 2026.
The firm's shares fell nearly 4% in recent trading on Tuesday.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.