Indigo Exploration to Deliver Maiden Lithium Resource in the Early October
Indigo Exploration to Deliver Maiden Lithium Resource in the Early October
September 21, 2023 - Vancouver, British Columbia. Indigo Exploration Inc. (the “Company”) (TSX-V: IXI, OTCQB:
IXIXF, FSE: INEN) is pleased to provide an update on the timing for its maiden lithium brine resource estimate for
the wholly-owned Fox Creek West project in Alberta, Canada. Following on from the engagement of Sproule as
announced on September 6, 2023, the Company and Sproule have been actively working on compiling the
necessary information for Sproule to calculate an initial resource. Based on sign ificant advancements in data
compilation and geological modelling , Indigo has been informed by Sproule that the inferred resources are
anticipated in early October.
“The delivery of a maiden NI 43 -101 resource estimate for the first of our lithium brine projects represents a
significant milestone for the team and Company” commented Paul Cowley, President & CEO of Indigo Exploration.
“Working with one of the preeminent oil and gas engineering firms that has extensive experience in petroleum
reservoirs and deep knowledge of the Western Canadian Sedimentary Basin, coupled with their execution of
multiple resource estimates for lithium brine resources in Western Canada, is what allows us to expedite the
delivery of a resource estimate with confidence. This is an opportune time for lithium and lithium brine projects
given the current supply deficits driven by the increasing adoption rate of electrified transportation and recent
advancements within the area with E3 Lithium’s commissioning of the first DLE plant to process lithium brines.”
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 their Boardwalk and Park Place projects. The Fox Creek Projects cover an area of 114,522
hectares and is comprised of the Fox Creek East (45,568 hectares), Fox Creek West (59,738 hectares) and Fox Creek
Central (9,216 hectares) areas. The Fox Creek West Project targets the Devonian -aged reefs, including the
Wabamun and the Swan Hills Formation of the Beaverhill Lake Group, which ha s the highest consistent lithium
concentrations according to sampling data from the Alberta Geological Survey.
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-Legal (23,488 hectares) and Peace River (10,048 hectares) which are located within the
heart of lithium exploration and development in Western Canada.
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
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.
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