Indigo Exploration, Inc. (IXIXF: OTCQB) | Indigo Encounters More than 160 Uranium Intercepts from Phase 1 Drilling on Shirley Basin Project, Wyoming
- 48 holes were drilled, with over 90% encountering uranium intercepts.
- 165 uranium intercepts were found with grades at or over 0.01% eU3O8.
- 133 intercepts were 0.91-7.92m thick, averaging 1.6m thick.
- The project is adjacent to other significant uranium projects in the area.
- The drilling covered a 1km x 1.3km area, with holes spaced about 160 meters apart.
- Mineralization appears to favor north-northeast south-southwest corridors and remains open-ended.
- The company considers the Phase 1 objective of verifying uranium mineralization a success.
- Plans for a Phase 2 program are being developed to target roll front noses in uranium-bearing stratigraphy.
This announcement indicates positive results from Indigo’s initial exploration efforts at the Shirley Basin project, suggesting potential for further uranium discoveries.
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