Indigo Commences Drilling on its Uranium Project in Shirley Basin, Wyoming
Indigo Commences Drilling on its Uranium Project in Shirley Basin, Wyoming
January 8, 2025 - Vancouver, British Columbia. Indigo Exploration Inc. (the “Company”) (TSX-V: IXI, OTCQB: IXIXF,
FSE: INEN) is pleased to announce that it has commenced a planned 50-hole drill program on its highly prospective
uranium project located in the past producing Shirley Basin of Wyoming. The Hot Property cover s 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 (UEC-NYSE) Shirley Basin project, Ur-Energy Inc.’s (URG-NYSE)
Shirley Basin mine, and Nuclear Fuels Inc.’s (NF -CSE) Bobcat Uranium Project. Ur -Energy’s Shirley Basin project
hosts an NI 43-101 Measured and Indicated Resource of 8.8 Mlb U3O8 grading 0.23%1 currently under construction2.
This of Indigo’s first drill campaign on its 100% owned Hot Property will systematically explore the southern part of
the property, where favourable historic intercepts were encountered in the top 53 metres (175 feet) from surface,
as well as areas that have never been drilled before. Holes will be spaced roughly every 160 metres (525 feet) apart
with the aim to characterize the thickness and grade of uranium mineralization through downhole gamma ray
geophysical logging and develop a stratigraphic framework to broadly model the continuity and configuration of
near surface potentially multiple uranium roll fronts. The 50-hole program is anticipated to take 10 days.
Figure 1: Shirley Basin Uranium Project Map
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, ri sks 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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Venture Exchange) accept responsibility for the adequacy or accuracy of this release.