Indigo Completes Phase 1 Drilling on its Uranium Project in Shirley Basin, Wyoming
Indigo Exploration (TSXV: IXI) (OTCQB: IXIXF) has completed 48 holes of a planned 50-hole drill program at its uranium project in the Shirley Basin, Wyoming. The Hot Property spans 5.75 km² and has a history of over 200 uranium exploration holes drilled between 1957 and 1975.
The project is strategically located adjacent to significant uranium operations, including Uranium Energy Corp.'s Shirley Basin project, Ur-Energy's Shirley Basin mine (which hosts 8.8 Mlb U3O8 grading 0.23% in Measured and Indicated Resources), and Nuclear Fuels' Bobcat Uranium Project.
The Phase 1 drilling campaign systematically explored the southern portion of the property, targeting areas with favorable historic intercepts within 53 metres from surface, as well as previously undrilled zones. Holes were spaced approximately 160 metres apart, utilizing downhole gamma ray geophysical logging to assess uranium mineralization. Results from this campaign are pending.
Indigo Exploration (TSXV: IXI) (OTCQB: IXIXF) ha completato 48 perforazioni di un programma di perforazione pianificato di 50 fori nel suo progetto di uranio situato nel Shirley Basin, Wyoming. La proprietà occupa una superficie di 5,75 km² ed ha una storia di oltre 200 fori di esplorazione dell'uranio perforati tra il 1957 e il 1975.
Il progetto si trova strategicamene accanto a operazioni significative di uranio, inclusi il progetto Shirley Basin della Uranium Energy Corp., la miniera Shirley Basin della Ur-Energy (che ospita 8,8 Mlb di U3O8 con una gradazione dello 0,23% nelle Risorse Misurate e Indicate), e il Progetto di Uranio Bobcat della Nuclear Fuels.
La campagna di perforazione di Fase 1 ha esplorato sistematicamente la porzione meridionale della proprietà, mirando a zone con storici intercetti favorevoli all'interno di 53 metri dalla superficie, così come a zone precedentemente non perforate. I fori sono stati spazati a circa 160 metri l'uno dall'altro, utilizzando il logging geofisico gamma downhole per valutare la mineralizzazione dell'uranio. I risultati di questa campagna sono in attesa.
Indigo Exploration (TSXV: IXI) (OTCQB: IXIXF) ha completado 48 perforaciones de un programa de perforación planificado de 50 agujeros en su proyecto de uranio en el Shirley Basin, Wyoming. La propiedad abarca 5,75 km² y tiene una historia de más de 200 agujeros de exploración de uranio perforados entre 1957 y 1975.
El proyecto está estratégicamente ubicado adjunto a operaciones significativas de uranio, incluyendo el proyecto Shirley Basin de Uranium Energy Corp., la mina Shirley Basin de Ur-Energy (que alberga 8,8 Mlb de U3O8 con una ley del 0,23% en Recursos Medidos e Indicados), y el Proyecto de Uranio Bobcat de Nuclear Fuels.
La campaña de perforación Fase 1 exploró sistemáticamente la porción sur de la propiedad, apuntando a áreas con interceptos históricos favorables a menos de 53 metros de la superficie, así como zonas previamente no perforadas. Los agujeros estaban espaciados aproximadamente 160 metros entre sí, utilizando logging geofísico de rayo gamma para evaluar la mineralización de uranio. Los resultados de esta campaña están pendientes.
인디고 탐사 (TSXV: IXI) (OTCQB: IXIXF)는 셔클리 분지, 와이오밍에 있는 우라늄 프로젝트에서 계획된 50개의 드릴 프로그램 중 48개 홀을 완료했습니다. 이 핫 프로퍼티는 5.75 km²의 면적을 차지하며, 1957년부터 1975년까지 200개 이상의 우라늄 탐사 홀이 시굴된 이력이 있습니다.
이 프로젝트는 우라늄 에너지 회사의 셔클리 분지 프로젝트, Ur-Energy의 셔클리 분지 광산(측정 및 표시 자원에서 0.23%의 U3O8 8.8 Mlb 보유) 및 핵 연료의 밥캣 우라늄 프로젝트를 포함해 중요한 우라늄 운영에 인접하여 전략적으로 위치하고 있습니다.
1단계 시추 캠페인은 예상되는 역사적 인터셉트를 대상으로 하여 지표에서 53미터 이내의 지역을 조사한 남부 구역을 체계적으로 탐색했습니다. 구멍은 약 160미터 간격으로 배치되어 우라늄 광물화를 평가하기 위해 다운홀 감마선 지구물리학 로그를 사용했습니다. 이번 캠페인 결과는 기다리고 있습니다.
Indigo Exploration (TSXV: IXI) (OTCQB: IXIXF) a complété 48 trous d'un programme de forage prévu de 50 trous dans son projet d'uranium situé dans le Shirley Basin, Wyoming. La propriété s'étend sur 5,75 km² et a une histoire de plus de 200 trous d'exploration de l'uranium forés entre 1957 et 1975.
Le projet est stratégiquement situé à proximité d'opérations d'uranium significatives, y compris le projet Shirley Basin de Uranium Energy Corp., la mine Shirley Basin d'Ur-Energy (qui possède 8,8 Mlb de U3O8 avec une teneur de 0,23% dans les Ressources Mesurées et Indiquées), et le Projet d'Uranium Bobcat de Nuclear Fuels.
La campagne de forage de Phase 1 a exploré systématiquement la partie sud de la propriété, ciblant des zones avec des interceptions historiques favorables à moins de 53 mètres de la surface, ainsi que des zones auparavant non forées. Les trous étaient espacés d'environ 160 mètres, utilisant la journalisation géophysique gamma en profondeur pour évaluer la minéralisation de l'uranium. Les résultats de cette campagne sont en attente.
Indigo Exploration (TSXV: IXI) (OTCQB: IXIXF) hat 48 Bohrungen eines geplanten Bohrprogramms von 50 Löchern in seinem Uranprojekt im Shirley Basin, Wyoming abgeschlossen. Die Hot Property erstreckt sich über 5,75 km² und hat eine Geschichte von über 200 Uran-Explorationslöchern, die zwischen 1957 und 1975 gebohrt wurden.
Das Projekt befindet sich strategisch in der Nähe bedeutender Uranbetriebe, darunter das Shirley Basin-Projekt der Uranium Energy Corp., die Shirley Basin-Mine von Ur-Energy (die 8,8 Mlb U3O8 mit einer Gehalt von 0,23% in gemessenen und angegebenen Ressourcen beherbergt) und das Bobcat-Uranprojekt von Nuclear Fuels.
Die Bohrkampagne der Phase 1 untersuchte systematisch den südlichen Teil des Grundstücks und zielte auf Gebiete mit günstigen historischen Interzepten innerhalb von 53 Metern von der Oberfläche, sowie zuvor ungedrillte Zonen. Die Löcher waren etwa 160 Meter voneinander entfernt und verwendeten die gamma-ray geophysikalischen Logging-Technik, um die Uranmineralisierung zu bewerten. Die Ergebnisse dieser Kampagne stehen noch aus.
- Strategic location adjacent to major uranium projects including Ur-Energy's 8.8 Mlb resource
- Systematic exploration of both historic and new target areas
- Near-surface mineralization potential within 53 meters from surface
- High drill density with 160-meter spacing for detailed resource definition
- Results from the drilling campaign still pending
- Two holes remaining to complete the planned program
Vancouver, British Columbia--(Newsfile Corp. - January 16, 2025) - Indigo Exploration Inc. (TSXV: IXI) (OTCQB: IXIXF) (FSE: INEN) (the "Company") is pleased to announce that it has completed 48 of a planned 50-hole drill program on its highly prospective uranium project located in the past producing Shirley Basin of Wyoming. The Hot Property covers a 5.75 km2 (2.2 miles2) area of the Basin and has seen over 200 uranium exploration holes completed between 1957 and 1975. The Project is located adjacent to Uranium Energy Corp.'s (NYSE: UEC) Shirley Basin project, Ur-Energy Inc.'s (NYSE: URG) Shirley Basin mine, and Nuclear Fuels Inc.'s (CSE: NF) Bobcat Uranium Project. Ur-Energy's Shirley Basin project hosts an NI 43-101 Measured and Indicated Resource of 8.8 Mlb U3O8 grading
The Phase 1 drill campaign on its
Figure 1: Shirley Basin Uranium Project Map
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3717/237437_1bf730c6047b987c_001full.jpg
1 Updated Initial Assessment Technical Report Summary on Shirley Basin ISR Uranium Project, Carbon County Wyoming, USA dated March 4, 2024 and prepared by Western Water Consultants, Inc.
2 Ur-Energy Announces Decision to Build Out Shirley Basin Mine: Press Release dated March 13, 2024
On Behalf of the Board of Directors, "Paul Cowley", President and CEO
For further information, please contact: Paul Cowley: (604) 340-7711 Website: www.indigoexploration.com
Bradley Parkes, P.Geo., VP Exploration and Director of Indigo Exploration Inc., is the Qualified Person as defined in National Instrument 43-101, who has read and approved the technical content of this news release.
This news release includes certain forward-looking statements as well as management's objectives, strategies, beliefs and intentions. Forward looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, competitive risks and the availability of financing, as described in more detail in our recent securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements except as required by applicable law.
Neither the TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/237437
FAQ
What is the current status of IXIXF's Phase 1 drilling program at Shirley Basin?
How many historical uranium exploration holes were drilled at IXIXF's Hot Property?
What is the size of IXIXF's Hot Property in Shirley Basin?
What is the spacing between drill holes in IXIXF's current program?
What is the target depth of uranium mineralization at IXIXF's Hot Property?
