INDICATOR MINERALS (IME: TSX-V) is a Canadian exploration company focused on the discovery and development of economic gemstone deposits. Founded in 2004, the company has assembled one of the most qualified technical teams in worldwide diamond exploration. Indicator is exploring more than 2.27 million acres of targeted ground in the Canadian arctic and has two key projects in Nunavut: Nanuq North and Grail.
Management has positioned Indicator as a sophisticated player in both Canadian and international gemstone exploration by forming strategic partnerships, acquiring highly prospective properties and conducting systematic and efficient exploration programs. Indicator represents an outstanding opportunity for investment in the junior market.
* Nanuq North - The property hosts a significantly diamondiferous kimberlite NQN001 discovered on the property during a late season drill program. Based on ground geophysical data, NQN-001 is a large kimberlite body with a minimum surface area of 4.5 hectares. Numerous geophysical targets and multiple kimberlite indicator mineral trains have been identified at Nanuq North and remain to be tested.
* Darby - The project hosts a field of diamond bearing kimberlites. Nine kimberlites have been discovered on the property to date and numerous targets remain to be tested. Darby is under option to and fully funded by Teck Cominco Limited.
* Borden - The project is located on western Baffin Island on the Borden Peninsula. Kimberlite boulders were discovered while prospecting a geophysical target identified in data collected during this year's airborne magnetic survey. Kimberlite indicator minerals, including pyrope garnet, have been visually identified in the float. Samples of the kimberlite boulders have been collected for analysis.
The Indicator technical team continuously processes new information and evaluates prospective terrain for diamond exploration. Over the past year the Company acquired an additional 162,000 acres in land tenure increasing the potential for future discoveries.
Indicator Minerals Inc is a Member of the Discovery Group of Companies