TSX.V: IXI

May 11, 2011 – Vancouver, British Columbia. Indigo Exploration Inc. (TSX-V: IXI, FSE:INE) reports that a new artisanal site is rapidly developing on its 100 percent owned Lati gold permit, Burkina Faso, West Africa. The Company is currently conducting surface exploration at Lati, which will optimize drill targets for the upcoming drill program.   

Key points are: 

  • The new active artisanal site spans an area 500 metres long by 100 to 200 metres wide and lies 2.5 kilometres to the northwest of the previously reported artisanal site.
  • The previously reported expanding artisanal site (NR 11-06) is 1200 metres long by 50 – 500 metres wide.
  • The two artisanal sites are on the sheared contact between volcanics and intrusives.
  • Artisanal activity is recovering coarse gold, suggesting a proximal source. 
  • Previous grab sampling in the area returned values to 11 gpt Au.
  • The current surface program consists of soil and lag quartz sampling at a line spacing of 200 metres and a sample spacing of 50 metres over the 5 kilometre by 2 kilometre area. Results are pending.
  • 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 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 rapidly expanding artisanal site. 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 discovery of a second expanding artisanal site at Lati is very exciting and further enhances the potential of the Lati project. Based on the growing artisanal activity the Company has moved up its exploration plans and will include Lati in the upcoming 15,000 metre drill program in late May/early June.” 

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”

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 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.