Indigo Reports Transaction Closing on Hot Uranium Project, Wyoming
Indigo announced the completion of its acquisition of a 100% interest in the Hot Property, a promising uranium project in Wyoming's Shirley Basin, approved by TSX Venture Exchange. The property consists of 71 unpatented mineral claims over 5.75 km2, featuring extensive historical exploration. Notable past drill results include 1.83m of 1.1% U3O8 at 43m depth and 3.35m of 0.28% U3O8 at 26.8m depth.
Indigo paid CDN$20,000 and issued 200,000 shares to acquire the private Arizona company holding the claims, with annual land costs of US$14,200. The Hot Property, near significant uranium resources owned by Ur-Energy and others, shows promise with 46% of past drilling intercepting shallow uranium. The company plans a 50-hole reverse circulation drill program, pending permit approval.
Indigo ha annunciato il completamento dell'acquisizione di una partecipazione del 100% nel Hot Property, un promettente progetto minerario di uranio nel bacino di Shirley, in Wyoming, approvato dalla TSX Venture Exchange. La proprietà consiste in 71 rivendicazioni minerarie non brevettate su 5,75 km2, con un'ampia esplorazione storica. I risultati di perforazione passati notabili includono 1,83 m di 1,1% di U3O8 a 43 m di profondità e 3,35 m di 0,28% di U3O8 a 26,8 m di profondità.
Indigo ha pagato 20.000 CDN$ e ha emesso 200.000 azioni per acquisire la società privata dell'Arizona che detiene le rivendicazioni, con costi annuali per il terreno di 14.200 US$. Il Hot Property, vicino a significative risorse di uranio di proprietà di Ur-Energy e altri, mostra promettente con il 46% delle perforazioni passate che hanno intercettato uranio superficiale. L'azienda prevede un programma di perforazione a circolazione inversa di 50 fori, in attesa di approvazione del permesso.
Indigo anunció la finalización de su adquisición del 100% de interés en el Hot Property, un prometedor proyecto de uranio en la cuenca de Shirley, Wyoming, aprobado por la TSX Venture Exchange. La propiedad consta de 71 reclamos minerales no patentados sobre 5.75 km2, con una amplia exploración histórica. Resultados notables de perforación pasada incluyen 1.83 m de 1.1% de U3O8 a 43 m de profundidad y 3.35 m de 0.28% de U3O8 a 26.8 m de profundidad.
Indigo pagó 20,000 CAD y emitió 200,000 acciones para adquirir la empresa privada de Arizona que posee los reclamos, con costos anuales de terreno de 14,200 USD. El Hot Property, cerca de significativos recursos de uranio de Ur-Energy y otros, muestra promesa con el 46% de las perforaciones pasadas intersecando uranio superficial. La empresa planea un programa de perforación de circulación inversa de 50 pozos, pendiente de aprobación de permisos.
인디고는 TSX 벤처 거래소의 승인을 받은 와이오밍의 셜리 분지에 있는 유망한 우라늄 프로젝트인 핫 프로퍼티에 대한 100% 지분 인수 완료를 발표했습니다. 이 자산은 5.75 km2 면적에 대해 71개의 비등록 광물 청구권으로 구성되어 있으며, 광범위한 역사적 탐사가 이루어졌습니다. 주목할 만한 과거 드릴 결과로는 43m 깊이에서 1.83m의 1.1% U3O8와 26.8m 깊이에서 3.35m의 0.28% U3O8가 포함됩니다.
인디고는 청구권을 보유한 아리조나의 개인 회사를 인수하기 위해 20,000 캐나다 달러를 지불하고 200,000주를 발행했으며, 연간 토지 비용은 14,200 미국 달러입니다. 핫 프로퍼티는 Ur-Energy 및 기타 회사가 소유한 중요 우라늄 자원 근처에 있으며, 이전 드릴링의 46%가 얕은 우라늄을 탐지하여 유망한 결과를 보이고 있습니다. 이 회사는 허가 승인을 기다리며 50개의 역류 순환 드릴 프로그램을 계획하고 있습니다.
Indigo a annoncé l'achèvement de son acquisition de 100 % d'intérêts dans la Hot Property, un projet d'uranium prometteur dans le bassin de Shirley, Wyoming, approuvé par la TSX Venture Exchange. La propriété se compose de 71 revendications minérales non brevetées sur 5,75 km2, avec une vaste exploration historique. Les résultats de forage passés notables comprennent 1,83 m de 1,1 % de U3O8 à 43 m de profondeur et 3,35 m de 0,28 % de U3O8 à 26,8 m de profondeur.
Indigo a payé 20 000 CAD et émis 200 000 actions pour acquérir la société privée de l'Arizona détenant les revendications, avec des coûts fonciers annuels de 14 200 USD. La Hot Property, située près de ressources d'uranium importantes détenues par Ur-Energy et d'autres, montre des promesses, 46 % des forages passés ayant intercepté de l'uranium peu profond. L'entreprise prévoit un programme de forage à circulation inverse de 50 trous, en attente d'approbation de permis.
Indigo hat den Abschluss seiner Übernahme von 100% der Anteile an der Hot Property, einem vielversprechenden Uranprojekt im Shirley Basin, Wyoming, bekannt gegeben, das von der TSX Venture Exchange genehmigt wurde. Das Grundstück umfasst 71 nicht patentierte Mineraleigenheiten über 5,75 km2 und weist umfangreiche historische Erkundungen auf. Bemerkenswerte Ergebnisse aus früheren Bohrungen umfassen 1,83 m mit 1,1% U3O8 in 43 m Tiefe sowie 3,35 m mit 0,28% U3O8 in 26,8 m Tiefe.
Indigo zahlte 20.000 CAD und gab 200.000 Aktien aus, um das private Unternehmen in Arizona zu erwerben, das die Ansprüche hält. Die jährlichen Grundstückskosten betragen 14.200 USD. Die Hot Property, in der Nähe bedeutender Uranressourcen, die von Ur-Energy und anderen gehalten werden, zeigt vielversprechende Ergebnisse, da 46% der bisherigen Bohrungen flaches Uran entdeckt haben. Das Unternehmen plant ein Bohrprogramm mit 50 Löchern für Umkehrzirkulation, das auf Genehmigung wartet.
- Completion of 100% acquisition of Hot Property, boosting asset portfolio.
- Strategic location in a historic uranium-producing region near significant uranium projects.
- Past drill results indicate high uranium concentrations, with 46% of past holes yielding shallow uranium.
- Initial drill program of 50 holes planned, showing proactive development.
- Assumption of US$14,200 annual land holding costs.
Vancouver, British Columbia--(Newsfile Corp. - August 15, 2024) - Indigo Exploration Inc. (TSXV: IXI) (OTCQB: IXIXF) FSE: INEN) (the "Company") is pleased to announce that further to its news release dated July 9, 2024, it has received TSX Venture Exchange ("TSXV") approval for and completed the acquisition of a
The Hot Property claims have seen extensive historical exploration dating back to the 1960's with over 200 holes drilled including near-surface intercepts of 1.83 metres of
The Shirley Basin of Wyoming
Wyoming represents the largest uranium producing state and contains the greatest uranium ore reserves within the United States. The Shirley Basin located 40 miles southwest of Casper, Wyoming, produced over 51 million pounds of U3O8 from 1960 to 1992 at an average grade of
Figure 1: Shirley Basin Uranium Project Map
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3717/220035_0236b77484564be3_001full.jpg
Hot Property
The Hot Property is strategically located just 800m east (0.5 mile) of an historic production area and 1.8km (1.1 miles) from Ur-Energy's uranium resource. Indigo uncovered 202 drill logs from public records from holes drilled in the 1950's on ground now covered by the Hot Property. One intercept (H1-Zeb-44) encountered 1.83m of
Company geologists have designed an initial 50-hole reverse circulation drill program and has submitted a Notice of Intent permit application to the BLM for permitting of the RC drill program.
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
Terms of Transaction
Pursuant to the Acquisition, the Company has acquired a
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. The forward-looking statements contained in this press release are made as of the date hereof.
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/220035
FAQ
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