Indigo Exploration Inc. (TSXV: IXI | OTCQB: IXIXF | FSE: INEN) has announced promising results from its Phase 1 drilling program at the company’s 100% owned uranium project in the Shirley Basin of Wyoming, Junior Mining Network reports.
Out of 48 drill holes, over 90% encountered uranium mineralization, revealing a total of 165 uranium intercepts. The project covers 5.75 square kilometers (2.2 square miles) and is situated near several other key uranium developments, including those operated by Uranium Energy Corp., Ur-Energy Inc., and Nuclear Fuels Inc.
The drill campaign targeted a 1 km by 1.3 km area with historic uranium exploration dating back to the mid-20th century. Indigo’s drilling was spaced approximately 160 meters (525 feet) apart and reached depths of 53.3 meters (175 feet). The exploration primarily focused on shallow mineralization zones identified in previous drilling records.
Key results from the Phase 1 program include:
- 165 uranium intercepts with grades at or above 0.01% eU3O8.
- 133 intercepts with thicknesses ranging from 0.91 to 7.92 meters (3 to 26 feet), averaging 1.6 meters (5.2 feet).
- 38 intercepts exceeded 1.8 meters (6 feet) in thickness.
Downhole gamma-ray geophysical logging was used to determine the location and grade of uranium intercepts, revealing characteristic roll-front uranium deposit signatures. Multiple zones showed promising lateral continuity between drill holes, and several intercepts suggested open-ended mineralization corridors.
The data from Phase 1 drilling suggests potential for further uranium deposits at depth, as indicated by deeper historic drilling results. Indigo Exploration’s geologists will now conduct a detailed analysis to refine their understanding of the site’s geology. The findings will inform the design of a Phase 2 drilling program aimed at targeting the roll front nose in the uranium-bearing stratigraphy.
Ungad Chadda, CEO of Indigo Exploration, expressed satisfaction with the initial results:
“This successful first-phase drilling campaign confirms the potential of our Shirley Basin project. We are now focused on advancing our exploration efforts with a more comprehensive evaluation to guide future drilling.”
