Home / Mining Company News Releases (Unreviewed) / Indigo Exploration Inc. Updates Status of Hantoukoura Permit

Indigo Exploration Inc. Updates Status of Hantoukoura Permit

Vancouver, British Columbia–(Newsfile Corp. – November 24, 2017) – Indigo Exploration Inc. (TSXV: IXI) (FSE: INE) (the “Company”) announces that the Minister of Mines of Burkina Faso has made a decision to temporarily suspend access to the Company’s Hantoukoura permit until the border with Niger is physically demarcated. The Minister’s current position is that no exploration work will be allowed on the permit during the suspension period. The Minister has agreed that the permit will remain in good standing through the suspension period and that the length of the suspension period will be added back onto the length of the permit. The Hantoukoura permit was granted in May of this year for up to 9 years and covers the Company’s original Kodyel permit (refer our news release dated June 20, 2017).

The Company believes that the government of Burkina Faso is motivated to complete the border marking as expeditiously as possible so as not to delay investments and development in the region, to avoid lost opportunities for employment, an increased tax base and additional revenues on a local, regional and national level. The Company has re-emphasized to the Minister the Company’s intentions to complete a sizable work program, once access is re-instated. Management will continue to actively monitor the progress of the demarcation of the border.

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

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.

 

Disclaimer: This is an unedited and minimally reviewed public mining company press release originally published at http://www.newsfilecorp.com/release/30756/Indigo-Exploration-Inc.-Updates-Status-of-Hantoukoura-Permit. We have linked to our knowledge base articles from within the content of this release in order to help explain some of the terminology used and provide continuity from previous and related news coverage. You can access more in-depth mining company project reviews on our site, as well a knowledge base of articles on mineral exploration, mining and geology-related topics.

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