Indigo Encounters More than 160 Uranium Intercepts from Phase 1 Drilling on Shirley Basin Project, Wyoming
Indigo Exploration (IXIXF) has announced significant results from its Phase 1 drilling program at the Shirley Basin uranium project in Wyoming. The company completed 48 holes, with over 90% encountering uranium intercepts. The program discovered 165 uranium intercepts with grades at or above 0.01% eU3O8 across 44 holes, typically showing 3-4 zones per hole.
The drilling campaign systematically explored a 1km x 1.3km area, with holes spaced approximately 160 meters apart and reaching depths of 53.3m. Forty holes encountered 133 intercepts ranging from 0.91-7.92m thick, averaging 1.6m, with 38 intercepts exceeding 1.8m thickness. The project is strategically located adjacent to Uranium Energy Corp's Shirley Basin project and Ur-Energy's Shirley Basin mine, which hosts an NI 43-101 Measured and Indicated Resource of 8.8 Mlb U3O8 grading 0.23%.
Indigo Exploration (IXIXF) ha annunciato risultati significativi dal suo programma di perforazione di Fase 1 presso il progetto uranio Shirley Basin nello stato del Wyoming. L'azienda ha completato 48 fori, con oltre il 90% che hanno incontrato intersezioni di uranio. Il programma ha scoperto 165 intersezioni di uranio con gradi pari o superiori allo 0,01% eU3O8 in 44 fori, mostrando tipicamente 3-4 zone per foro.
La campagna di perforazione ha esplorato sistematicamente un'area di 1 km x 1,3 km, con fori distanziati di circa 160 metri l'uno dall'altro e profondità che raggiungono i 53,3 m. Quaranta fori hanno incontrato 133 intersezioni che variano da 0,91 a 7,92 m di spessore, con uno spessore medio di 1,6 m, di cui 38 intersezioni superano i 1,8 m di spessore. Il progetto è strategicamente situato vicino al progetto Shirley Basin di Uranium Energy Corp e alla miniera Shirley Basin di Ur-Energy, che ospita una Risorsa Misurata e Indicata NI 43-101 di 8,8 Mlb U3O8 con un grado dello 0,23%.
Indigo Exploration (IXIXF) ha anunciado resultados significativos de su programa de perforación de Fase 1 en el proyecto de uranio Shirley Basin en Wyoming. La empresa completó 48 agujeros, con más del 90% encontrando intercepciones de uranio. El programa descubrió 165 intercepciones de uranio con grados iguales o superiores al 0,01% eU3O8 en 44 agujeros, mostrando típicamente de 3 a 4 zonas por agujero.
La campaña de perforación exploró sistemáticamente un área de 1 km x 1,3 km, con agujeros espaciados aproximadamente a 160 metros de distancia y alcanzando profundidades de 53,3 m. Cuarenta agujeros encontraron 133 intercepciones que varían de 0,91 a 7,92 m de espesor, promediando 1,6 m, con 38 intercepciones superando los 1,8 m de espesor. El proyecto está estratégicamente ubicado adyacente al proyecto Shirley Basin de Uranium Energy Corp y a la mina Shirley Basin de Ur-Energy, que alberga un Recurso Medido e Indicado NI 43-101 de 8,8 Mlb U3O8 con un grado del 0,23%.
인디고 탐사 (IXIXF)가 와이오밍의 셜리 분지가에서 Phase 1 드릴링 프로그램의 중요한 결과를 발표했습니다. 회사는 48개의 구멍을 완료했으며, 90% 이상에서 우라늄 인터셉트를 발견했습니다. 이 프로그램은 44개의 구멍에서 0.01% eU3O8 이상 등급의 165개의 우라늄 인터셉트를 발견했으며, 각 구멍에서 일반적으로 3-4개의 구역을 보여주었습니다.
드릴링 캠페인은 1km x 1.3km 지역을 체계적으로 탐사했으며, 구멍은 약 160미터 간격으로 배치되어 있고 깊이는 53.3m에 도달합니다. 40개의 구멍에서 0.91m에서 7.92m 두께의 133개의 인터셉트를 발견하였으며, 평균 1.6m 두께를 가지며, 38개의 인터셉트는 1.8m 두께를 초과하였습니다. 이 프로젝트는 우라늄 에너지 주식회사의 셜리 분지 프로젝트와 Ur-Energy의 셜리 분지 광산에 인접해 전략적으로 위치해 있으며, NI 43-101에 따라 0.23% 등급의 8.8Mlb U3O8의 측정 및 지시 자원을 보유하고 있습니다.
Indigo Exploration (IXIXF) a annoncé des résultats significatifs de son programme de forage Phase 1 au projet d'uranium Shirley Basin dans le Wyoming. La société a complété 48 forages, avec plus de 90 % découvrant des interceptions d'uranium. Le programme a découvert 165 interceptions d'uranium avec des teneurs supérieures ou égales à 0,01 % eU3O8 à travers 44 forages, montrant généralement 3 à 4 zones par forage.
La campagne de forage a systématiquement exploré une zone de 1 km x 1,3 km, avec des trous espacés d'environ 160 mètres et atteignant des profondeurs de 53,3 m. Quarante forages ont rencontré 133 interceptions d'une épaisseur allant de 0,91 à 7,92 m, avec une épaisseur moyenne de 1,6 m, dont 38 interceptions dépassent 1,8 m d'épaisseur. Le projet est stratégiquement situé à proximité du projet Shirley Basin de Uranium Energy Corp et de la mine Shirley Basin de Ur-Energy, qui possède une Ressource Mesurée et Indiquée NI 43-101 de 8,8 Mlb U3O8 avec une teneur de 0,23 %.
Indigo Exploration (IXIXF) hat bedeutende Ergebnisse aus seinem Bohrprogramm der Phase 1 im Uranprojekt Shirley Basin in Wyoming bekannt gegeben. Das Unternehmen hat 48 Bohrlöcher abgeschlossen, von denen über 90% Uraninterzeptionen aufweisen. Das Programm entdeckte 165 Uraninterzeptionen mit Gehalten von 0.01% eU3O8 oder mehr in 44 Bohrlöchern, wobei typischerweise 3-4 Zonen pro Loch vorkommen.
Die Bohrkampagne erforschte systematisch ein Gebiet von 1 km x 1,3 km, wobei die Löcher etwa 160 Meter voneinander entfernt und Tiefen von bis zu 53,3 m erreichten. Vierzig Löcher fanden 133 Interzeptionen von 0,91 bis 7,92 m Dicke, mit einem Durchschnitt von 1,6 m, wobei 38 Interzeptionen mehr als 1,8 m dick waren. Das Projekt ist strategisch in der Nähe des Shirley Basin Projekts von Uranium Energy Corp sowie der Shirley Basin Mine von Ur-Energy gelegen, die eine NI 43-101 gemessene und angezeigte Ressource von 8,8 Mlb U3O8 mit einem Gehalt von 0,23% aufweist.
- 90% of drill holes encountered uranium intercepts
- 165 uranium intercepts discovered across 44 holes
- Multiple mineralized zones per hole (3-4 typically)
- Good lateral correlation between holes
- Property located adjacent to established uranium projects
- Relatively low grade mineralization (0.01% eU3O8)
- Phase 2 program still needs to be designed
Vancouver, British Columbia--(Newsfile Corp. - January 27, 2025) - Indigo Exploration Inc. (TSXV: IXI) (OTCQB: IXIXF) (FSE: INEN) (the "Company") is pleased to announce drill results from its Phase 1 48-hole drill program on its uranium project located in the past producing Shirley Basin of Wyoming. Greater than
Indigo's Phase 1 drill campaign systematically explored a 1km x 1.3km area where 29 historic drill holes encountered 47 uranium intercepts with thicknesses of 0.91-3.66m (3-12 ft), averaging 1.6m (5.2 ft) thick, within the top 61m (200 ft). Average grade of mineralization in these 29 historic vertical holes was
Indigo's Phase 1 Drilling
Forty-four of the 48 vertical holes completed by Indigo encountered 165 intercepts of uranium mineralization with a grade at or over
Downhole gamma ray geophysical logging was employed to determine uranium intercepts and grade in this uranium roll front target area. Gamma ray signatures of the intercepts were characteristic of roll front "near interior" and "interface" peaks. Thicker and higher-grade areas of mineralization appear to favour multiple north-northeast south-southwest corridors and are open-ended in both directions. Deeper intercepts from historic drilling indicates additional uranium opportunities at depth on the property. The Phase 1 objective of a quick and low-cost test to verify uranium mineralization on the property was met with success. Company geologists will be working with this data for a more comprehensive interpretation and evaluation before a Phase 2 program is designed to target the nose of the roll fronts in the uranium-bearing stratigraphy on the property.
Figure 1: Shirley Basin Uranium Project Map
To view an enhanced version of this graphic, please visit:
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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.
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FAQ
What were the key findings from Indigo's Phase 1 drilling at Shirley Basin?
How does IXIXF's Shirley Basin property compare to neighboring projects?
What is the average thickness of uranium intercepts in IXIXF's Phase 1 drilling?
What are IXIXF's next steps for the Shirley Basin uranium project?
