September 8, 2011 – Vancouver, British Columbia. Indigo Exploration Inc. (TSX-V: IXI, FSE:INE) reports that the soil survey at Prospect 1 on its 100 percent owned Lati gold permit, Burkina Faso, West Africa has identified two substantial gold-in-soil anomalies – one 4.75km long by 100-750 metres wide and the second 1.5km long by 250-350 metres wide. These anomalies coincide with portions of the two previously reported artisanal sites. Rock quartz float sampling, also within the grid, returned values ranging from background to 12.65 ppm Au (or 12.65 gpt Au). The Company is currently reviewing the data to prioritize and optimize drill lines for the fall reverse circulation drill program.
Key points are:
- Two new soil anomalies 4.75km long by 100-750m wide and 1.5km long by 250-350m wide with values generally between 25 and 5,000 ppb Au.
- The anomalies coincide with portions of the two known artisanal sites and a newly developing site lying on strike between the two known sites. This site will not be examined in detail until the conclusion of the rainy season.
- The soil grid covered 8km long by 500m to 2km wide with sample density of 200m by 50m.
- Quartz float sampling was completed over the grid, with a total of 861 samples taken. Thirty-four samples returned values in excess of 100 ppb Au, with thirteen of those returning values in excess of 1,000 ppb Au (1 g/t) to a maximum of 12.65 g/t Au.
- 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 Company is awaiting assay results from the 14 hole, 2,073 metre diamond drilling portion of the Phase II drill program at Moule.
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 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 three rapidly expanding artisanal sites. 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 soil survey results are very encouraging, with two significant gold-in-soil anomalies coinciding with portions of sizable artisanal workings. The continued success at Lati has moved it up the priority ladder. 5,000 metres of RC drilling will commence there after the rainy season.”
Moule Drill Update
The Moule diamond drilling portion of the phase II drilling program consisted of 11 holes testing Vein 3 over a strike length of 1,700 metres and 3 holes testing sub-parallel Vein 2 over 200 metres of strike. The 10,000 metre reverse circulation portion of the phase II drill program is scheduled to commence at the end of the rainy season.
Quality Control and Assurance
All quartz float rock samples were analyzed by 50 gram fire assay with Atomic Absorption finish. All soil samples were analyzed by 50 gram aqua regia digestion with Atomic Absorption finish. 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.
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.
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.