Additional Information
Market: TSX-V
Sector: General Mining - Diamonds & Gemstones
EPIC: IME
Latest Price: C$0.01  (0,00%)
52-week High: C$0.26
52-week Low: C$0.01
Market Cap: C$1.33M
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Indicator Minerals Inc.
www.indicatorminerals.com/s/Home.asp

Indicator Minerals Inc. (TSXV: IME) is a Canadian exploration company focused on the discovery and development of economic mineral deposits.

Founded in 2004, the company has assembled one of the most qualified technical teams in worldwide exploration. Management has quickly positioned Indicator to be a sophisticated player in both Canadian and international exploration by forming strategic partnerships, acquiring highly prospective properties and conducting systematic and efficient exploration programs.

Pdf

Indicator Minerals completes purchase of Bluestone Resources in all-share deal

2nd Nov 2010, 8:43 am

Canada-based Indicator Minerals (TSX-V:IME) said Monday it has completed the previously announced acquisition of Bluestone Resources, a company with a 100% interest in the drill-ready Mohave copper-porphyry project in Arizona.

In exchange for Bluestone, Indicator has issued around 5 million of its common shares to former Bluestone shareholders, representing an approximate 4.7% stake.

The Mohave project is located in north-western Arizona and is considered a large-scale, copper porphyry deposit with significant amounts of silver and molybdenum, Indicator said.

Bluestone has so far identified copper mineralisation over a large area of the project, with a coincident Induced Polarisation (IP) anomaly and complimentary structural features.

The geology of Mohave is thought to be analogous to the Bagdad copper-porphyry mine, which is located within 30km of the property and along the same structural trend.

Indicator said that preparations for its 4,000 metre core drilling program at the site are currently underway.

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