Desert Gold Ventures Inc. (“Desert Gold”) on the Djimbala Gold Project in Mali, it has issued 890,802 common shares to Desert Gold, equivalent to $75,000 at a deemed price equal to the volume weighted average share price (“VWAP”) for the 10-day trading period
Form 51-102F3 Material Change Report
Item 1: Name and Address of Company
Indigo Exploration Inc.
Suite 880 – 580 Hornby Street Vancouver, BC V6C 3B6
Item 2: Date of Material Change
May 31, 2021
Item 3: News Release
News Release dated May 31, 2021 disseminated via Newsfile Corp.
Item 4: Summary of Material Change
On May 31, 2021 the Company reported that pursuant to the its option agreement with Desert Gold Ventures Inc. (“Desert Gold”) on the Djimbala Gold Project in Mali, it has issued 890,802 common shares to Desert Gold, equivalent to $75,000 at a deemed price equal to the volume weighted average share price (“VWAP”) for the 10-day trading period prior to May 28, 2021. The securities are subject to a four month hold until September 29, 2021.
Item 5: Full Description of Material Change
On May 31, 2021 the Company reported that pursuant to the its option agreement with Desert Gold Ventures Inc. (“Desert Gold”) on the Djimbala Gold Project in Mali, it has issued 890,802 common shares to Desert Gold, equivalent to $75,000 at a deemed price equal to the volume weighted average share price (“VWAP”) for the 10-day trading period prior to May 28, 2021. The securities are subject to a four month hold until September 29, 2021.
The Company is currently planning an air-core drill program to test multiple targets established from an auger drill program completed earlier this year and reported in a news release on March 8, 2021. As previously reported, the auger drill program results, coupled with soil samples, have defined 5 clear trends that are each 1-2 kilometres in length and 3 additional trends that are 0.5 kilometres in length within a 2 square kilometre area, coincident with artisanal workings.
Company VP Exploration and director, Tom Henricksen, is currently in Mali to oversee the air-core drill program.
Item 6: Reliance on subsection 7.1(2) or (3) of National Instrument 51-102
N/A
Item 7: Omitted Information
N/A
Item 8: Executive Officer
Paul S. Cowley President, CEO and Director Tel: (604) 340-7711
Item 9: Date of Report
May 31, 2021
“Paul Cowley”
Paul Cowley President & CEO