TSX.V: IXI

November 29, 2011 – Vancouver, British Columbia. Indigo Exploration Inc. (TSX-V: IXI, FSE: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 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 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”

    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, 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.