Indigo Exploration Inc. (TSX VENTURE: IXI)(FRANKFURT: INE) reports
that the soil survey at Prospect 1 on its 100 percent owned Lati
gold permit, Burkina Faso, West Africa has identified two
substantial gold-in-soil anomalies - one 4.75km long by 100-750
metres wide and the second 1.5km long by 250-350 metres wide. These
anomalies coincide with portions of the two previously reported
artisanal sites. Rock quartz float sampling, also within the grid,
returned values ranging from background to 12.65 ppm Au (or 12.65
gpt Au). The Company is currently reviewing the data to prioritize
and optimize drill lines for the fall reverse circulation drill
program.
Key points are:
-- Two new soil anomalies 4.75km long by 100-750m wide and 1.5km long by
250-350m wide with values generally between 25 and 5,000 ppb Au.
-- The anomalies coincide with portions of the two known artisanal sites
and a newly developing site lying on strike between the two known sites.
This site will not be examined in detail until the conclusion of the
rainy season.
-- The soil grid covered 8km long by 500m to 2km wide with sample density
of 200m by 50m.
-- Quartz float sampling was completed over the grid, with a total of 861
samples taken. Thirty-four samples returned values in excess of 100 ppb
Au, with thirteen of those returning values in excess of 1,000 ppb Au (1
g/t) to a maximum of 12.65 g/t Au.
-- 5,000 metres of the upcoming 15,000 metre drilling program is earmarked
for Lati with the balance being used to follow-up and expand upon the
new Vein 3 and Zelingpe 1 discoveries at the Moule permit.
-- The Company is awaiting assay results from the 14 hole, 2,073 metre
diamond drilling portion of the Phase II drill program at Moule.
The 100% owned, 246 sq. km Lati permit is located in the Boromo
greenstone belt, approximately 150 km by road from the capital of
Ouagadougou and 45 km north of the Poura Gold Mine. Much of the
large permit remains unexplored. The north side of the Lati permit
that has seen a sizeable increase in artisanal activity is
underlain by a north-northeast trending 1500 metre wide band of
bimodal volcanics surrounded by felsic intrusives. Mineralized
quartz veins are common through this area, ranging from thin
stockworks to metre-scale structures associated with regional scale
shearing and fracturing mainly in mafic volcanic rocks. Several
artisanal workings and prospects lie along the sheared contacts
between the volcanics and intrusives, including the three rapidly
expanding artisanal sites. The artisanal areas have minimal
saprolite, with depths generally being 2 to 4 metres. Artisanal
activity is recovering coarse gold, suggesting a proximal
source.
Indigo's President, Tim Henneberry, said: "The soil survey
results are very encouraging, with two significant gold-in-soil
anomalies coinciding with portions of sizable artisanal workings.
The continued success at Lati has moved it up the priority ladder.
5,000 metres of RC drilling will commence there after the rainy
season."
Moule Drill Update
The Moule diamond drilling portion of the phase II drilling
program consisted of 11 holes testing Vein 3 over a strike length
of 1,700 metres and 3 holes testing sub-parallel Vein 2 over 200
metres of strike. The 10,000 metre reverse circulation portion of
the phase II drill program is scheduled to commence at the end of
the rainy season.
Quality Control and Assurance
All quartz float rock samples were analyzed by 50 gram fire
assay with Atomic Absorption finish. All soil samples were analyzed
by 50 gram aqua regia digestion with Atomic Absorption finish. The
primary laboratory is ALS Chemex in Ouagadougou, an ISO 17025
certified laboratory. Standard, blank and duplicate samples were
inserted throughout the sample sequence as quality control
checks.
About Burkina Faso
The Kodyel, Loto and Moule properties lie in the West African
nation of Burkina Faso. Much of West Africa is underlain by the
Birimian Greenstone Belt, one of the most prolific gold producing
areas in the world. Many of the world's major gold companies are
active in West Africa, several with producing mines, including:
IAMGOLD Corporation, AngloGold Ashanti Limited, Randgold Resources
Limited, Gold Fields Limited and Newmont Mining Corporation.
Burkina Faso is politically and economically stable and relies on
farming and mining as it primary sources of revenue. Burkina Faso
saw gold production double from 2008 to 2010 and is currently the
5th largest gold producing country in Africa.
On Behalf of the Board of Directors,
R.Tim Henneberry, P.Geo., President and CEO
Paul Cowley, P.Geo., Director of Indigo Exploration Inc., is the
Qualified Person as defined in National Instrument 43-101, who has
reviewed and approved the technical content of this news
release.
Forward-Looking Statements
This press release contains forward-looking statements. All
statements, other than statements of historical fact, constitute
"forward-looking statements" and include any information that
addresses activities, events or developments that the Company
believes, expects or anticipates will or may occur in the future
including the Company's strategy, exploration plans or future
financial or operating performance and other statements that
express management's expectations or estimates of future
performance.
Forward-looking statements are generally identifiable by the use
of the words "may", "will", "should", "continue", "expect",
"anticipate", "estimate", "believe", "intend", "plan" or "project"
or the negative of these words or other variations on these words
or comparable terminology. All such forward-looking information and
statements are based on certain assumptions and analyses made by
the Company's management in light of their experience and
perception of historical trends, current conditions and expected
future developments, as well as other factors management believes
are appropriate in the circumstances. These statements, however,
are subject to known and unknown risks, uncertainties and other
factors that may cause the actual results, level of activity,
performance or achievements of the Company to be materially
different from those expressed, implied by or projected in the
forward-looking information or statements. Important factors that
could cause actual results to differ from these forward-looking
statements include but are not limited to: risks related to the
exploration and potential development of the Company's projects,
risks related to international operations, the actual results of
current exploration activities, conclusions of economic
evaluations, changes in project parameters as plans continue to be
refined, future prices of gold, as well as those factors discussed
in the sections relating to risk factors of the Company set out in
the Company's MD&A filed on SEDAR.
There can be no assurance that any forward-looking statements
will prove to be accurate, as actual results and future events
could differ materially from those anticipated in such statements.
Accordingly, the reader should not place any undue reliance on
forward-looking information or statements. Except as required by
law, the Company does not intend to revise or update these
forward-looking statements after the date of this document or to
revise them to reflect the occurrence of future unanticipated
events.
Neither the TSX Venture Exchange nor its Regulations Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accept responsibility for the adequacy or
accuracy of this release.
Contacts: Indigo Exploration Inc. Tim Henneberry (604) 681-3422
www.indigoexploration.com
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