Kodiak Copper

Indigo Exploration Reacquires Kodyel Permit Area under New Hantoukoura Permit in Burkina Faso

Vancouver, British Columbia--(Newsfile Corp. - June 20, 2017) - Indigo Exploration Inc. (TSXV: IXI) (FSE: INE) is pleased to announce that it has reacquired the full original Kodyel permit area via the granting of the new Hantoukoura permit from the Minister of Mines of Burkina Faso. The Hantoukoura permit, covering 238 square kilometres, is valid for three years and renewable for up to 6 additional years. The Kodyel permit was the Company's flagship permit located near the Niger border but the Company had been denied access to the full area of the permit due to a border dispute, which has now been resolved. The restricted access through the term of the Kodyel permit justified a new permit.

The new Hantoukoura permit (as was the former Kodyel permit) lies close to the Niger border approximately 300km east of Ouagadougou. Access is by paved and laterite roads. The Hantoukoura permit, covering an extension of the Fada N'Gourma greenstone belt, is traversed by a regional northeast-trending fault that stretches from Ghana to Niger. There are several artisanal workings within the permit including: the extensive Tangounga pit, Hantekoura (CFA) and Kodyel 1.

Previously, the Company announced its rock and soil sampling results which are posted on the Company's website. The sampling work demonstrates a greater than 15 kilometre stretch of favourable geology, multiple soil anomalies and artisanal workings between the Tangounga pit (undrilled at this time) and the Kodyel 1 site drilled by Semafo in 1997. The east end of the Company's soil grid ended 2.5 kilometres short of the Tangounga pit, but will be extended over the pit in its future work. On the grid, the most significant soil anomaly measured 5.5 kilometres long by 600 metres wide, with values generally greater than 50 ppb Au.

"With such a long hiatus from our last work there, we are ecstatic to regain access to the site with more certainty and with an adequate timeframe to unlock its potential. We will resume exploration once the summer rains abate", says Paul Cowley, President.

MORE MINING NEWS

GET DAILY NEWS FLOW

Sign Up To Receive All Morning
News To Your Email Inbox

Please review our Disclaimer and Privacy Policy before subscribing.

EAGLE ROYALTIES (CSE: ER)

Eagle Royalties

Eagle Royalties holds a diverse portfolio of more than 35 royalty interests in western Canada. Target commodities subject to royalties include a broad spectrum including critical metals, precious metals, industrial minerals and diamonds... LEARN MORE