Corporate Presentation April 15, 2020 DISCLAIMER Certain - - PowerPoint PPT Presentation
Corporate Presentation April 15, 2020 DISCLAIMER Certain - - PowerPoint PPT Presentation
Corporate Presentation April 15, 2020 DISCLAIMER Certain statements in this presentation may constitute forward-looking statements such as estimates and statements that describe Indigo Exploration Inc.s (Indigo) future plans,
DISCLAIMER
www.indigoexploration.com TSX.V : IXI 2 Certain statements in this presentation may constitute “forward-looking statements” such as estimates and statements that describe Indigo Exploration Inc.’s (“Indigo”) future plans, objectives or goals. Forward-looking statements are generally identifiable by the use of the words “may”, “will”, “should”, “continue”, “expect”, “anticipate”, “estimate”, “believe”, “intend”, “plan” or “project” or the negative of these words or other variations on these words or comparable
- terminology. All such forward-looking information and statements are based on certain assumptions and analyses made
by Indigo’s management in light of their experience and perception of historical trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Indigo to be materially different from future results, performance or achievements expressed or implied by those forward-looking statements. These risks, uncertainties and other factors include, but are not limited to, changes in metal prices or certain other commodities and currencies, litigation, legislative, environmental and other judicial, regulatory, political and competitive developments in domestic and foreign areas in which Indigo may
- perate, and the overall risks involved in the exploration, development and mining business, as well as those factors
discussed in the sections relating to risk factors of Indigo set out in Indigo’s MD&A filed on SEDAR. There can be no assurance that any forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader should not place any undue reliance on forward-looking information or statements. Except as required by law, Indigo does not intend to revise
- r update these forward-looking statements whether as a result of new information or subsequent events and
developments or otherwise. This presentation is for information purposes only and under no circumstance is to be construed as an offering of securities Indigo. Paul Cowley, P.Geo., President, CEO and Director of Indigo Exploration Inc., is the qualified person responsible for reviewing the technical information in this presentation.
MISSION STATEMENT
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“To aggressively explore a portfolio of projects assembled by a world-class African-focused geologist with more than 40M ounces of gold discovery under his belt. Indigo will use the best available expertise, technology and capital to provide the best potential for the discovery of Burkina Faso’s next economic gold deposit.”
Indigo Has:
2 projects on the Birimian Greenstone Belt in Burkina Faso, West Africa Large land position: 418.5 km2 in permits Multiple Multi-km scale drill targets that are drill ready Active and growing artisanal mining operations on each project Option to acquire 100% interest in Djimbala Permit (100 km2) in southern Mali Personnel with outstanding discovery success in the Birimian Belt (+40M oz Au) Drilling targets that offer multi-million ounce potential
FINANCIAL OVERVIEW
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Ticker Symbol: TSX.V : IXI 52 Week High/Low: $0.01 / $0.02 Recent Price: $0.01 Common Shares: 92.02 million Options: 2.35 million Warrants: 7.68 million Fully Diluted: 102.05 million Cash: <$0.01M Market Cap: $0.9M
BOARD AND MANAGEMENT
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Paul Cowley, P.Geo – President/CEO and Director
Successful senior exploration geologist with over 40 years experience in North and South America and Africa, instrumental in the discovery and advancement of four major gold deposits in the Canadian Arctic.
Tom Henricksen – VP Exploration and Director
Successful senior exploration geologist, on discovery teams for borate deposits in Bolivia, two gold and silver deposits in Peru, two porphyry copper deposits in Peru, a gold deposit in Colombia and a copper-silver deposit in Montana.
Lorne Warner, P.Geo. – Director
- Mr. Warner has over 30 years of experience with major and junior mining companies, including Noranda Exploration and Placer Dome. He was highly
successful in the discovery and delineation of several mineral deposits for various junior mining companies including: M Gold Zone at Detour Lake Mine, Ontario, the Falea uranium/silver/copper deposit in Mali and the Fatou Main gold zone in Mali.
Marino Sveinson – Director
- Mr. Sveinson is a member of the Law Society of British Columbia and the Yukon and a partner at Pulver Crawford Munroe LLP. Mr. Sveinson provides
strategic results-oriented advice and representation with respect to all stages of workplace matters and has represented clients at all levels of the courts in B.C., labour arbitrations, the Human Rights Tribunal, and the Labour Relations Board.
Alain Nebie – Country Manager –Burkina Faso Rebecca Moriarty, CPA CA – CFO
Experienced CFO with over 20 years experience in dealing with administration of public companies.
- Dr. Demetrius Pohl – Advisory Board
- Dr. Pohl was instrumental in assembling the current Indigo Burkina Faso land package. Formerly with BHP Minerals, he was involved in the early
identification and development of the Syama and Sadiola deposits in Mali, the Essakane deposit in Burkina Faso, and the Golden Pride deposit in Tanzania, to name a few.
WHY WEST AFRICA?
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Birimian Terrane of western Africa where +50 million ounces of gold discovered in last 15 years. Deposit Ownership Afaho Newmont Mining Akyem Newmont Mining Essakane IAMGOLD Loulo Randgold Morila Anglogold, Randgold Obuasi Anglogold Ashanti Sadiola Anglogold, IAMGOLD Siguiri Anglogold Syama Randgold Tarkwa Goldfields Much remains underexplored.
These reserve and/or combined production and remaining reserve numbers are taken from various government and industry sources and reflect general deposit grades in the Birimian Greenstone Belt. There are currently no mineral reserves or resources associated with any of the IXI properties.
BURKINA FASO FOCUSED
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2 Gold Projects in Burkina Faso (418.5 km2):
1.Hantoukoura (Kodyel) – multiple vein system 2.Lati 2 – shear parallel vein system .
Bada
HANTOUKOURA Project (previously KODYEL) Project to Drill
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- New 9 year permit over original
Kodyel Permit
- 238 sq km
- 3 target areas
Artisanal mining: Hantekoura (CFA), Kodyel 1, Tangounga and Songonduari
- Recent gold rush
- As many as 10,000 miners
Tangounga Orpaillage 1500m by 100m zone of workings BLEG Historic BLEG anomalies over 20km2 area untested Kodyel 1 Historic SEMAFO drilling Best hole: 50m of 4.3 g/t Au
HANTOUKOURA Project
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Tangounga Orpaillage
250m long by 40m wide
- pen cut since 2006
At least 5 veins in pit totaling
- ver 30m width
Multiple parallel veins traced
- ver 1500m by pits and cuts
Prospecting suggests zone could be 3000m long Multi-Million Ounce Target Artisanal miners sinking internal shafts from bottom
- f open cut
Internal shafts dug by local artisanal miners
HANTOUKOURA Project
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Tangounga Orpaillage
Very good widths with Individual veins to 10m wide Multiple veins totaling over 30m Locals mine quartz veins in excess of 10 gpt Au Airborne survey and grab sample program completed
- Plans to sample pit and finish
soil grid, followed by drilling
KANTOUKOURA Soil Sampling Results to Date >15km of Gold Anomalies
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HANTOUKOURA – Extensive Artisanal Workings
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LATI 2 Project
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- Large 180.5 sq km area
- Three target areas
Prospect 1
- Multi-Million Ounce Potential
- Site of new gold rush with expanding artisanal
workings
- 8km by 2km area of anomalous rock and soil
includes a 4.75km by 100-700m Au-in-soil anomaly
- Historical drill hole of 2.5 gpt Au over 12m
- Recent grab sampling highlights to 12.65 gpt Au
- Completed 50 RC drill holes at Prospect 1
Doudou (Prospect 2)
Gold-in-soil anomaly 1200m by 50 to 500m, open
Kwademen
More early exploration needed
LATI 2 – Extensive Surfacial Workings
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LATI 2 Project
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Prospect 1
- Soil survey was successful in highlighting two
gold-in-soil anomalies:
- A – 4.75km by 100-750m
- B – 1.5km by 250-350m
- Anomalies concentrated on contact between
volcanics and intrusives.
- Expanding artisanal workings also
concentrated on same contacts.
- Initial artisanal workings grew from 500m by
50-200m to 1200m long by 50-500m in 14 months.
- New artisanal sites developing
Gold recovered by artisanal miner from Lati 2 - Prospect 1
LATI 2 Project – Prospect 1
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Prospect 1
- RC drilling program completed in 2012
- 14 drill lines over Anomaly A and B.
- Each line 3 to 5 RC holes, 150m long
- Total of 50 holes (6,400 metres)
- Results on Eastside (2.5km long zone)
- 112m @ 0.51 g/t Au
- incl. 28m @ 1.28 g/t Au
- 111m @ 0.50 g/t Au
- Incl. 11m @ 3.17 g/t Au
- 21m @0.76 g/t Au
- 50m @ 0.42 g/t Au
LATI 2 Project – Prospect 1
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Artisanal Expansion Since 2012 Provide Significant Exploration Opportunity
- collective surface area of artisanal workings
has doubled from 1.5 km2 in 2012 to 3 km2 presently
- Represents new untested exploration target
areas
- Large eastside target is 3 km long x 600 m
wide (east of drilling, toward and along granite contact)
- Numerous smaller untested exploration
targets worthy of follow-up
- These areas will be the focus of detailed soil
sampling to prioritize drilling
Djimbala Permit - Mali
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MALI Bamako
Djimabala project
- Recently signed option to earn 100% from
Desert Gold
- 100 square kilometre permit
- 220 km south of the capital of Bamako
- In Yanfolila Gold Belt
- Surrounded by a significant number of gold
deposits, mines and prospecting permits
- Multiple artisanal working present on permit
Djimbala Permit – Southern Mali
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- Immediately east of Hummingbird Resources’
0.7 million oz Au Komana gold mine (1)
- 21 kilometres north, along strike, of the
Kodieran gold Mine
- 28 kilometres north, along strike, from
Endeavour’s high grade 3.3 million oz Au Kalana project (2)
- Limited soil sampling by Desert Gold
demonstrates southern extension of positive Gold Fields drilling
- The bulk of the permit still needs to be soil
sampled to prioritize drill targets
1. Hummingbird Komana gold resource; 0.7 million oz Au probable reserves category (2015) https://hummingbirdresources.co.uk/operations-projects/mali/ 2. Endeavour Kalana gold resource; 3.3 million oz Au measured & indicated (2020) https://www.endeavourmining.com/our- portfolio/Kalana-Project/default.aspx
2020 EXPLORATION PLANS
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Lati 2
- Conduct detailed soil sampling grid over 3 km x 600 m
untested area where artisanal workings have expanded since 2012
- Conduct selective soil grids over other untested
artisanal workings
- Potential aircore drilling on high priority soil anomalies
Hantoukoura
- Monitor permit during government imposed security
suspension
- Be prepared to resume exploration on lifting
suspension
Djimbala (Mali)
- Subject to removing conditions in option agreement,
initiate soil sampling grid over prospective areas on permit
- Selective rock sampling over artisanal workings
- Potential aircore drilling on high priority soil anomalies
WHY INVEST?
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Burkina Faso’s gold exploration and development sector is exploding, going from 209 kg
- f gold produced in 2002 to an estimated 40 tonnes in 2020