Vancouver, British Columbia--(Newsfile Corp. - April 24, 2023) - Indigo Exploration Inc. (TSXV: IXI) (OTCQB: IXIXF) (FSE: INEN) (the "Company") is pleased to announce the engagement of GLJ Ltd. ("GLJ") to oversee a sampling and brine testing study of Indigo's Fox Creek West and Fox Creek East Projects, located in west-central Alberta (c.f. Figure 1), approximately 250 km northwest of Edmonton. GLJ is one of the premiere global energy consultants with over 50 years of experience in meeting the world's need for responsible, sustainable energy. Their team of engineers, geoscientists and business professionals are international leaders in both traditional and emerging energy services in best-in-class reservoir engineering and geoscience advisory and evaluation services for the energy industry.
"We are excited to lay the foundation for the sampling of our lithium projects, with the first being our Fox Creek projects, which will culminate in the tabling of a maiden lithium brine resource by the fall of this year. The engagement of world-renowned GLJ Ltd. not only demonstrates our commitment to working with leaders in the industry but also a testament to the calibre of talent our project attracts," commented CEO, Paul Cowley.
Indigo is currently working with several oil and gas operators, with active producing wells on the permits, to collect brine samples that will be used to estimate potential resource in place and verify historical results. These samples are expected to be used to complete a preliminary NI 43-101 mineral resource estimate.
Figure 1: Indigo's Fox Creek Lithium Brine Project
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About GLJ Ltd.
As leaders in global energy consulting, GLJ has become a trusted partner for its clients on conventional, unconventional, and evolving energy. GLJ's comprehensive, and credible resource evaluation data in the Western Canadian Sedimentary Basin and internationally gives them competitive insights into the potential for lithium brine opportunities across the region. For companies looking at potentially adding lithium to their portfolio of assets and projects, GLJ helps identify strategic opportunities and works with companies to help their decision-making process. Their advanced static and dynamic modelling capabilities, led by their dedicated lithium team of experts, supports companies for the lifecycle of their project---from scoping and development to production.
About Indigo Exploration
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 the 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. The Company also owns the Hantoukoura Gold Permit in Burkina Faso which covers 23,800 hectares within the prospective Fada N'Gourma greenstone belt.
On Behalf of the Board of Directors,
"Paul Cowley",
President and CEO
For further information, please contact: Paul Cowley: (604) 340-7711
Website: www.indigoexploration.com
Bradley Parkes, P.Geo., VP Exploration and Director of Indigo Exploration Inc., is the Qualified Person as defined in
National Instrument 43-101, who has read and approved the technical content of this news release.
This news release includes certain forward-looking statements as well as management's objectives, strategies, beliefs and intentions. Forward looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, competitive risks and the availability of financing, as described in more detail in our recent securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements except as required by applicable law.
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.
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