TSX.V: IXI

April 11, 2011 – Vancouver, British Columbia. Indigo Exploration Inc. (TSX-V: IXI) has received assay results from the six reverse circulation drill holes completed at the Vein 3 target at its Moule Gold Permit, Burkina Faso, West Africa. Results from the Zelingpe 1 (Z1) target were released March 29, 2011 and results from the Zelingpe 2 (Z2) target were released March 8, 2011. 

Highlights from Vein 3 drilling include: 29.67 gpt Au over 7 metres and 10.86 gpt Au over 3 metres. 

Key points are: 

  • Gold mineralization was intersected in four of the 6 holes, including both holes on section 10 and on section 11. Vein 3 is traceable by this drilling for over 200 metres and is open in both directions. The associated soil anomaly is traced for 1500 metres. The drill sections and plan suggest the two holes on section 12 were collared too far east, missing the target.
  • This is the first drill campaign ever conducted on this target.
  • The initial 44 hole drill program on Moule was successful in making two gold discoveries: Zelingpe 1 and Vein 3, which are 5 kilometres apart.
  • Exploration continues on two other targets, V2 and Zelingpe West. Results are pending. 
  • The next phase of the drilling program is expected to commence in May. 

Vein 3 drill results are as follows: 

Hole Number

From

(metres)

To

(metres)

Intercept

(metres)

Au

(gpt)

Hole Depth (metres)

MORC-10A

108

114

6

0.80

120

MORC-10B

70

77

7

29.67

100

including

74

76

2

85.66

 

MORC-11A

67

70

3

10.86

120

MORC-11B

85

90

5

0.88

100

 The widths and grades reported are drill intercept widths and may not represent the true width of mineralization.  Drill plans and sections can be found on the current exploration page on the Company’s website at www.indigoexploration.com

Indigo’s President, Tim Henneberry, said: “The discovery of the Vein 3 and Z1 gold zones is an impressive start for the first drilling to be conducted on the Moule permit.  Both discovery zones are open and we have additional new drill targets on the Moule permit. We have secured a drill to start a 15,000 metre RC program in May.” 

Quality Control and Assurance

All samples were analyzed by 50 gram fire assay. Samples are reverse circulation cuttings collected using a cyclone in 1 metre intervals that are riffle split at the drill site. 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. Paul Cowley, P.Geo., director of Indigo, is the qualified person for the drilling campaign. 

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 December 2010 – January 2011 drilling program tested three of the multiple targets: 

  • Zelingpe 1, a plus 1 kilometre long chargeability anomaly covered by laterite capping with associated fringe artisanal workings;
  • Zelingpe 2, 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.
  • Vein 3 has been traced in excess of 1500 metres by widely spaced soil geochemical lines. 500 artisanal miners are currently working a 400 metre long portion of this vein.  

The Moule Permit 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. 

Kodyel, Lati and Tordo Properties Exploration Update 

Kodyel

An airborne magnetic and radiometrics survey was conducted in February and limited sampling was conducted in March. The Kodyel permit is on a temporary suspension from the Burkina Faso Ministry of Mines in connection with the dispute between Burkina Faso and Niger as to the exact location of the border between the two countries in the area proximate to the Kodyel property. 

Lati

Indigo’s exploration crews will be mobilizing to Lati this week to commence a soil and rock sampling program to define targets for follow up drilling later in the exploration season. 

Tordo

Further exploration on Tordo is planned to bring it to the drill ready stage. 

About Burkina Faso

The Moule, Kodyel, Lati and Tordo 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 its 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”

R.Tim Henneberry, P.Geo.

President and CEO 

For further information, please contact:

Tim Henneberry: (604) 681-3422 

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. 

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. 

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 results and  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.