22:32:46 EDT Sat 18 May 2024
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Indigo Exploration Inc (2)
Symbol IXI
Shares Issued 65,658,020
Close 2023-07-31 C$ 0.10
Market Cap C$ 6,565,802
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Indigo gathers Fox Creek East brine samples

2023-08-01 12:47 ET - News Release

Mr. Paul Cowley reports

INDIGO CONTINUES SAMPLING ON FOX CREEK EAST

Indigo Exploration Inc. has provided an update to the continuing lithium brine sampling program in Alberta, Canada. Field crews gathered brine samples from three more wells at the Fox Creek East project. All samples are at AGAT Laboratories for chemical assay analysis, with results anticipated within two to three weeks. The company's lithium brine sampling program continues to advance weekly and is anticipated to be completed in the next six weeks.

About the Fox Creek lithium brine projects

The Fox Creek projects are located adjacent to active exploration and development work being undertaken by Lithium Bank, namely its Boardwalk and Park Place projects. The Fox Creek projects cover an area of 114,522 hectares and comprise the Fox Creek East (45,568 hectares), Fox Creek West (59,738 hectares) and Fox Creek Central (9,216 hectares) areas. The first-pass exploration and sampling program will target five to 10 wells in each of the Fox Creek East and Fox Creek West areas. These areas are targeting the Devonian-aged reefs, including the Swan Hills formation of the Beaverhill Lake group, which has the highest consistent lithium concentrations according to sampling data from the Alberta Geological Survey.

About Indigo Exploration Inc.

Indigo Exploration is an emerging petro-lithium brine explorer with 147,904 hectares of metallic and industrial minerals permits in central Alberta, Canada. The company's three primary lithium projects are Fox Creek (114,522 hectares), Leduc (23,488 hectares) and Peace River (10,048 hectares), which are located within the heart of lithium exploration and development in Western Canada.

Bradley Parkes, PGeo, vice-president of exploration and director of Indigo Exploration, is the qualified person as defined in National Instrument 43-101, and has read and approved the technical content of this news release.

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