Indigo Exploration Inc. (TSX VENTURE: IXI) has completed a
systematic surface grab sampling program over the Zelingpe 2 target
on its Moule Permit, Burkina Faso, West Africa. Results from the
1.1 kilometre by 700 metre grid over the target show significant
multiple anomalous gold trends that range from 25 metre to 150
metres wide. Sixty-eight grab samples within the trends returned
values between 1 gram/tonne (g/t) gold and 38.6 g/t gold. The 3,000
metre reverse circulation drill program on Zelingpe 2 currently
underway has been expanded to 5,000 metres because of the new grab
sample results.
At Zelingpe 2, there are substantial amounts of quartz fragments
with limonitic fracture fillings lying on surface along its trend
(quartz float). Grab samples were systematically taken at 25 metre
centres over an area 1.1 kilometres long by 700 metres wide, with
each sample representing a composite of quartz float material
collected within a 10 metre radius of each grid point. In this
manner, values are averaging grade over a larger area than from a
single point sample. 17.70% of the total 1116 samples returned gold
values greater than 0.1 g/t gold to a maximum of 38.6 g/t gold.
6.1% of the samples returned values in excess of 1.0 g/t gold and
1.1% of the samples returned values greater than 5g/t gold.
Indigo's President, Tim Henneberry, said: "We are very pleased
with the high proportion of elevated gold values and the multiple
wide trends developing on this target. The sampling has
strengthened the drill target considerably. As we are currently
drilling this target, we are able to take advantage of these
encouraging results, by expanding the drill program
immediately."
The following table lists the grab sample values in excess of
one gram per tonne gold.
------------------------------------- -------------------------------------
Sample No. Description g/t Au Sample No. Description g/t Au
------------------------------------- -------------------------------------
MOR-654 Quartz float 1.08 MOR-1035 Artisanal waste dump 1.34
------------------------------------- -------------------------------------
MOR-655 Quartz float 1.26 MOR-1037 Artisanal waste dump 1.11
------------------------------------- -------------------------------------
MOR-699 Quartz float 1.82 MOR-1040 Artisanal waste dump 9.08
------------------------------------- -------------------------------------
MOR-700 Quartz float 19.20 MOR-1041 Quartz float 1.52
------------------------------------- -------------------------------------
MOR-813 Quartz float 1.68 MOR-1051 Artisanal waste dump 1.70
------------------------------------- -------------------------------------
MOR-822 Quartz float 14.45 MOR-1053 Quartz float 1.92
------------------------------------- -------------------------------------
MOR-824 Quartz float 3.51 MOR-1056 Quartz float 3.10
------------------------------------- -------------------------------------
MOR-825 Quartz float 4.65 MOR-1101 Quartz float 2.36
------------------------------------- -------------------------------------
MOR-826 Quartz float 3.03 MOR-1109 Artisanal waste dump 1.41
------------------------------------- -------------------------------------
MOR-848 Quartz float 1.51 MOR-1111 Quartz float 3.11
------------------------------------- -------------------------------------
MOR-851 Quartz float 1.89 MOR-1119 Quartz float 2.16
------------------------------------- -------------------------------------
MOR-861 Quartz float 1.06 MOR-1202 Quartz float 1.03
------------------------------------- -------------------------------------
MOR-867 Quartz float 2.54 MOR-1204 Quartz float 3.45
------------------------------------- -------------------------------------
MOR-890 Quartz float 1.28 MOR-1219 Quartz float 38.60
------------------------------------- -------------------------------------
MOR-899 Quartz float 8.57 MOR-1226 Quartz float 4.94
------------------------------------- -------------------------------------
MOR-919 Quartz float 1.21 MOR-1230 Quartz float 4.95
------------------------------------- -------------------------------------
MOR-935 Quartz float 4.04 MOR-1253 Quartz float 6.26
------------------------------------- -------------------------------------
MOR-953 Quartz float 6.36 MOR-1261 Quartz float 1.45
------------------------------------- -------------------------------------
MOR-960 Quartz float 1.57 MOR-1270 Quartz float 1.62
------------------------------------- -------------------------------------
MOR-961 Quartz float 4.43 MOR-1272 Quartz float 2.00
------------------------------------- -------------------------------------
MOR-964 Quartz float 2.45 MOR-1276 Quartz float 1.33
------------------------------------- -------------------------------------
MOR-966 Artisanal waste dump 1.49 MOR-1278 Quartz float 5.99
------------------------------------- -------------------------------------
MOR-969 Artisanal waste dump 12.10 MOR-1344 Quartz float 1.20
------------------------------------- -------------------------------------
MOR-970 Artisanal waste dump 1.95 MOR-1395 Quartz float 2.66
------------------------------------- -------------------------------------
MOR-971 Artisanal waste dump 2.25 MOR-1409 Quartz float 12.85
------------------------------------- -------------------------------------
MOR-973 Artisanal waste dump 4.30 MOR-1455 Quartz float 1.68
------------------------------------- -------------------------------------
MOR-975 Artisanal waste dump 1.05 MOR-1500 Quartz float 1.37
------------------------------------- -------------------------------------
MOR-978 Artisanal waste dump 5.44 MOR-1510 Quartz float 1.93
------------------------------------- -------------------------------------
MOR-1015 Artisanal waste dump 13.95 MOR-1529 Quartz float 1.19
------------------------------------- -------------------------------------
MOR-1019 Quartz float 2.13 MOR-1563 Quartz float 1.32
------------------------------------- -------------------------------------
MOR-1026 Artisanal waste dump 1.33 MOR-1653 Quartz float 1.45
------------------------------------- -------------------------------------
MOR-1027 Artisanal waste dump 1.63 MOR-1675 Quartz float 1.10
------------------------------------- -------------------------------------
MOR-1031 Artisanal waste dump 2.26 MOR-1767 Quartz float 1.33
------------------------------------- -------------------------------------
MOR-1034 Artisanal waste dump 1.31
------------------------------------- -------------------------------------
Maps of the sampling can be found on the Company website
(www.indigoexploration.com) under "Projects/Burkina Faso/Moule".
Samples were sent to ALS Laboratory Group in Ouagadougou, Burkina
Faso for fire assay.
Moule Permit
The Moule Gold Permit covers 249 square kilometres of
prospective Birimian greenstone geology. Much of West Africa is
underlain by the Birimian Greenstone Belt, one of the most prolific
gold producing areas in the world.
Indigo geologists have identified multiple prospective targets
for bulk tonnage gold systems, based on the artisanal workings
combined with previous sampling programs. To date, there has been
property-wide mapping and sampling of quartz veining and quartz
float. Efforts have been focused on the 7 kilometre by 6 kilometre
Zelingpe area where a soil grid, detailed mapping and local induced
polarization (IP) survey have identified multiple linear targets
untested by drilling. Rock sampling on this grid returned 46 of 480
grab samples with gold values between 1 g/t Au and 16.5 g/t Au. The
Zelingpe 1 target is a plus 1 kilometre long chargeability anomaly
covered by laterite capping with associated fringe artisanal
workings. The Zelingpe 2 target is a 500 metre wide northwest
trending corridor, traceable for at least 1.6 kilometres, where
multiple shear zones and parallel multiple quartz float trends have
coincident chargeability, elevated gold soil anomalies and local
artisanal workings. The Zelingpe grid has several other targets
untested by drilling to date. In addition, other kilometre long
quartz trends on the property with elevated gold values in soils
and rocks and local artisanal workings are worthy of future
attention.
Indigo is earning a 100% interest, subject to a 1.5% Net Smelter
Return (NSR) royalty in the Moule Gold Permit by making cash
payments totalling US$410,000 over 3 years. Indigo retains the
right to purchase the entire 1.5% NSR for US$1,800,000.
About Burkina Faso
The Moule property lies 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 President and
CEO (604) 681-3422 www.indigoexploration.com
Indigo Explorations (TSXV:IXI)
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