Indigo Exploration Inc. announces that crews are now in the field at the Djimbala Permit located in southern Mali, West Africa, 220 kilometres south of the capital of Bamako. The phase 1 program will consist of 623 auger drill holes focused on the two highest priority targets, Djilefing and Forela, with the aim to prioritize targets prior to a phase 2 air core drilling program. The Djilefing target covers 2.5 kilometres [...]
Indigo Exploration Inc. announces that field work has recommenced on its Lati 2 Permit. Work will be focused on defining justifiable drill targets. The Lati 2 permit is located in central Burkina Faso, 150 kilometres west of the country's capital, Ougadougou, and approximately 40 kilometres north and along the strike of the Boroma Fault zone that hosts the high-grade Poura deposit. The form of continuous soil-channel [...]
Indigo Exploration Inc. announces results from a sampling program conducted in June that defines a new gold trend on the Lati 2 Permit. The Lati 2 permit is located in central Burkina Faso, 150 kilometres west of the country's capital. The Lati 2 permit has very extensive artisanal dry pan workings covering a collective area of 3 square kilometres in 6 separate clusters. Each cluster warrants work and has only been [...]
Indigo Exploration Inc. announces that further to the news release of April 13, 2020, it has settled debt totaling $259,166.67 by the issuance of 3,000,000 shares at a deemed price of $0.05 per share and 2,183,333 units at a deemed price of $0.05 per unit . Each unit is comprised of one common share and one share purchase warrant. The Settlement Shares, Unit Shares, warrants and any shares issued upon exercise of the [...]
Indigo Exploration Inc. announces that it has finalized the Option Agreement with Desert Gold Ventures Inc. and its local Mali subsidiary, Desert Gold Mali SARL , to acquire up to a 100% interest in the Djimbala Permit in southern Mali, West Africa. The Djimbala Permit lies immediately east of Hummingbird Resources' 0.7 million oz Au Komana gold mine1, 21 kilometres north, along strike, of the Kodieran gold Mine and 28 [...]
Indigo Exploration Inc. is pleased to announce that it has closed the non-brokered private placement announced by the Company on April 13, 2020 and May 8, 2020. The Company has issued 15,000,000 units at a price of $0.05 per Unit for gross proceeds of $750,000. Each Unit is comprised of one common share and one share purchase warrant. Each warrant entitles the holder to acquire one additional share in the capital of the [...]
Indigo Exploration Inc. announces that it has increased its previously announced private placement from 10,000,000 units of the Company to 15,000,000 Units at a price of $0.05 per Unit for gross proceeds of up to $750,000. All other terms and conditions of the Private Placement, as previously announced, will remain the same and the Private Placement is subject to the approval of the TSX-V. On Behalf of the Board of [...]
Indigo Exploration announces that the consolidation of the Company's issued and outstanding common shares on the basis of six pre-consolidation shares for every one post-consolidation share will occur on May 5, 2020. As of the date of this news release, the Company has 92,019,316 common shares issued and outstanding. Upon completion of the Consolidation, it is expected that there will be approximately 15,336,553 common [...]
Indigo Exploration Inc. announces that it has signed an option agreement, as described in more detail below, with Desert Gold Ventures Inc. and its local Mali subsidiary, Desert Gold Mali SARL , to acquire up to a 100% interest in the Djimbala Permit in southern Mali, West Africa. The Djimbala Permit lies immediately east of Hummingbird Resources' 0.7 million oz Au Komana gold mine1, 21 kilometres north, along strike, of [...]
Indigo Exploration Inc. announces that it has regained the Lati permit under a new name Lati 2 in Burkina Faso, West Africa. The 180.5 square kilometre permit lies in central Burkina Faso about 150 km west by road from the capital of Ouagadougou. In 2012, the Company conducted a reverse circulation drill program which identified a 2.5 kilometre long trend of wide , low-grade gold mineralization. The permit area has [...]
Indigo Exploration Inc. announces that it has entered into shareholder loan arrangements with certain shareholders of the Company to borrow a total of $100,000. The loans are not convertible into or repayable in equity or voting securities of the Company, and no bonus shares or bonus warrants will be issued in connection with the loans. The funds will used to provide the Company with general working capital and to pay [...]
Indigo Exploration has closed a non-brokered private placement of 7,683,334 units priced at $0.03 per unit for total gross proceeds of $230,500. Further to the Company's news release dated February 5, 2018, announcing the original private placement of up 7,000,000 units for gross proceeds of up to $210,000, the number of units offered was subsequently increased to 7,683,334. Each unit is comprised of one common share and [...]
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