Indigo Commences Drilling at Lati in Burkina Faso
November 29 2011 - 7:30AM
Marketwired
Indigo Exploration Inc. (TSX VENTURE:IXI)(FRANKFURT:INE) has
commenced a Phase I reverse circulation drilling program on its
Lati gold permit in Burkina Faso, West Africa. Drilling will focus
on gold-in-soil Anomalies A and B as described in IXI News Release
11-16, dated September 8, 2011.
Key points are:
-- Anomaly A is 4.75 kilometres long by 100-700 metres wide and includes
portions of an expanding artisanal mining site.
-- Anomaly B is 1.5 kilometres long by 250-350 metres wide and includes
portions of a second expanding artisanal mining site.
-- Indigo plans to complete 12 drill transects of 3 to 5 holes each across
the two anomalies.
-- Approximately 6,000 metres is planned in 39 holes.
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 northern part of the Lati
permit has seen a sizeable increase in artisanal activity recently.
The area is underlain by a north-northeast trending 1,500 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 2 to 4
metres of saprolite. Artisanal activity is recovering coarse gold,
suggesting a proximal source.
Indigo's President, Tim Henneberry, said: "We have been
anxiously awaiting the start of this drill program to follow up on
the very encouraging soil survey results and we have expanded the
drill program from 5,000 metres to almost 6,000 metres."
Indigo has been informed the second drill destined for Burkina
Faso has been detained and will not be available.
About Burkina Faso
The Kodyel, Loto, Lati, 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, planned drill program 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)
681-3422www.indigoexploration.com
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