April 12, 2010 – Vancouver, British Columbia. Indigo Exploration Inc. (TSX-V: IXI) reports that the 2010 drilling program on its Fredy Creek project has commenced. A 900 metre diamond drilling program will test coincident copper soil (MMI) and geophysical (Induced Polarization) anomalies.
Indigo Exploration Inc.’s Fredy Creek property is road accessible and lies 54 kilometres north of Williams Lake, British Columbia. Taseko Mines Limited’s producing Gibraltar porphyry Cu-Mo Mine lies 12.6 kilometres to the northwest of the Fredy Creek property. The Fredy Creek soil and geophysical anomalies are interpreted to be trending towards and coincident with the northwest trend of mineralization at the Gibraltar Mine.
Indigo is earning a 100% interest, subject to a 2% Net Smelter Return (NSR) royalty, in the 5,868 hectare Fredy Creek property by issuing 4,000,000 shares and completing $2,000,000 in exploration expenditures over four years.
Quality Control and Assurance
All samples will be sent to Acme Analytical Laboratories Ltd. in Vancouver an ISO-9001:2000 certified laboratory for multi-element ICP analysis. Standard, blank and duplicate samples will be inserted throughout the sample sequence as quality control checks. Both Stephen B. Butrenchuk, P.Geol. and Paul Cowley, P.Geo. are qualified persons for the drilling campaign.
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 exploration programs, the Company’s strategy, 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 forwardlooking information or statements. Important factors that could cause actual results to differ from these forwardlooking 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.