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Indigo Exploration ( (TSE:NOBL) ) has shared an update.
Noble Plains Uranium reported its highest-grade uranium intercept to date from ongoing drilling at its Duck Creek Project in Wyoming’s Powder River Basin, with hole 25-21-096 cutting 35.5 feet grading 0.202% eU₃O₈, including a 4.0-foot interval at 0.501% eU₃O₈, alongside several other broad mineralised intervals that meet or exceed ISR thresholds for Wyoming. The company says about two-thirds of the current drill program is now complete and results from the latest 20 holes, which show an 80% success rate and validate both its geological model and historic drilling through twinned holes, are increasing confidence that Duck Creek can host a meaningful, scalable ISR-amenable uranium resource, helping to de-risk the project and potentially strengthen Noble Plains’ positioning as a future supplier in the U.S. uranium market.
More about Indigo Exploration
Noble Plains Uranium Corp. is a U.S.-focused uranium exploration and development company listed on the TSX-V, OTCQB and FSE, with its flagship asset being the Duck Creek Project in Wyoming’s Powder River Basin, a roll-front, in-situ recovery (ISR)-amenable uranium target aimed at supplying the increasingly security-sensitive U.S. domestic uranium market.
Average Trading Volume: 160,568
Technical Sentiment Signal: Buy
Current Market Cap: C$10.19M
For detailed information about NOBL stock, go to TipRanks’ Stock Analysis page.