Indigo Completes Phase 1 Drilling: Unlocking Uranium Potential in Shirley Basin

Indigo Exploration Inc. (TSXV: IXI) (OTCQB: IXIXF) has completed a significant milestone in its uranium exploration journey, wrapping up its Phase 1 drilling campaign at the Hot Property in the Shirley Basin, Wyoming. With results pending, the company is poised to potentially unlock substantial uranium resources, positioning itself as a key player in the resurgent uranium market.

The 48-hole drill program, completed in late 2024, systematically explored the southern portion of the Hot Property, targeting areas with favorable historic intercepts within 53 meters from surface, as well as previously undrilled zones. Holes were spaced approximately 160 meters apart, utilizing downhole gamma ray geophysical logging to assess uranium mineralization. The campaign aimed to characterize the thickness and grade of uranium mineralization and develop a stratigraphic framework to model the continuity and configuration of near-surface uranium roll fronts.



The completion of Phase 1 drilling marks a crucial step in Indigo's exploration efforts, as it seeks to update its mineral resource estimates and enhance the project's economic viability. Positive drill results could lead to an increase in the project's resource estimate, improved metallurgical recovery, and enhanced project financing prospects. Additionally, the proximity of the Hot Property to existing uranium operations, such as Uranium Energy Corp.'s Shirley Basin project and Ur-Energy's Shirley Basin mine, offers potential synergies and strategic partnerships.



The global uranium market is experiencing a resurgence, driven by increasing demand for nuclear energy as a low-carbon power source. According to the World Nuclear Association, uranium demand is expected to increase by 28% from 2023 to 2030, fueled by the electrification of economies and the push for clean energy. This growth in demand, coupled with supply-side challenges and geopolitical tensions, has created a favorable environment for uranium producers.

In conclusion, Indigo Exploration's completion of Phase 1 drilling at the Hot Property in the Shirley Basin, Wyoming, positions the company to potentially unlock significant uranium resources. With the global uranium market on the rise, positive drill results could catapult Indigo into the ranks of major uranium producers, attracting investment and partnerships. As the world turns to nuclear energy to meet its clean energy goals, Indigo's strategic location and exploration success could prove to be a winning combination.