Indicator Minerals Slightly Up, But Off Yr High Hit Earlier

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Indicator Minerals Inc (IME.V), a Canadian exploration company focused on the discovery and development of economic mineral deposits, is slightly higher at 24.5 cents, but off a year high 26 cents touched earlier with around 3.2 million shares traded.

Indicator Minerals on April 26 announced that initial results from an Induced Polarization ( IP ) survey at its 100% owned Mohave Copper Porphyry Project located in northwest Arizona have significantly extended the previously identified chargeability anomaly.

"The results of the 2011 IP survey extension are tremendously encouraging since they provide further evidence that Mohave has the potential to host a very large tonnage copper porphyry deposit," Bruce Counts, President and CEO of Indicator, said in a statement. "The chargeability anomaly now covers an area of 1820 acres (735 hectares) adding 68% to the size of the 2008 chargeability anomaly which was open to the south and west."



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Commodities

Referenced Stocks: IP

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