Indicator Increases Land Position at Sanagak.VANCOUVER, British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography -- Indicator Minerals Inc. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:IME IME Input Method Editor IME Instituto de Matemática e Estatistica (Portugese and Spanish; USP, Sao Paulo, Brazil) IME In My Experience IME Instituto Militar de Engenharia (Rio de Janeiro, Brazil) ) (IME) announced today that it has increased its land position on the Sanagak Project (80% IME) by staking 42 mineral claims totalling more than 108,000 acres. The Sanagak Project is located on the Boothia Peninsula Boothia Peninsula (b  `thēə), 12,483 sq mi (32,331 sq km), Nunavut Territory, Canada; the northernmost (71°58'N) tip of the North American mainland. ,
approximately 70 km north of the community of Taloyoak, Nunavut and is
comprised of over one million acres of Prospecting Permits. Kimberlite kimberlite: see diamond. kimberlite or blue ground Dark, heavy, often fragmented igneous rock that may contain diamonds in the rock matrix. indicator minerals, including high chrome G10 garnets, have been recovered in five spatially separate areas on the property. One of these anomalies is located along the eastern boundary of the property ("the Boundary Anomaly"). During the 2005 field program IME collected heavy mineral samples immediately east of the Boundary Anomaly to determine if kimberlite indicator minerals were present outside the project area. These samples were flown to the SRC (SouRCe) Contrast with DST, which is an abbreviation of "destination." laboratory for expedited processing and analysis. Results confirmed the presence of indicator minerals east of the property and a staking campaign to capture the area of interest has been completed. Sanagak has emerged as a key project based on the 2004 and 2005 heavy mineral sampling results. Plans for 2006 include collection of additional heavy mineral samples to further delineate the extent of the indicator mineral anomalies and the acquisition of airborne geophysical data to identify kimberlite targets. Indicator Minerals Inc. (TSXV: IME) is a well financed, Canadian diamond exploration company focused on the discovery of economic diamond deposits. The company has one of the most experienced technical teams in Canada and is committed to the efficient and systematic evaluation of its projects. Indicator is currently exploring more than 11 million acres of targeted ground in the Canadian Eastern Arctic and Botswana. The Company also has an exclusive exploration agreement with Hunter Exploration. On behalf of the Board Indicator Minerals Inc. /s/"Bruce Counts" P.Geoph. President & CEO The TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. has not reviewed and does not accept resp onsibility for the adequacy or accuracy of this release. Indicator Minerals Inc. (TSX VENTURE:IME) |
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