![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/tny_au_en_usoz_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/silver/tny_ag_en_usoz_2.gif)
Welcome to Indo Gold
Indo Gold Ltd (IGL) was set-up in late 2004 specifically to undertake exploration for gold in India under a Joint Venture (JV) with an Indian company which had identified and applied for some excellent exploration properties in various states, but principally in Rajasthan.
IGL was founded by Mike Higgins and Chris Rashleigh, both of whom have had +35 years careers in the mining industry, including at senior management levels with Billiton. They have been instrumental in the discovery of significant gold deposits (Higgins) and with the development and operation of large open pit gold mines (Rashleigh).
The key mineral properties over which IGL has rights are located in Southern Rajasthan and are known collectively as the Jagpura Project. State-sponsored research and exploration was initiated here some 14 years ago to follow-up ancient, perhaps +2000 year old gold mining sites centered on Bhukia village, and has continued sporadically under the auspices of the Geological Survey of India (GSI) and Hindustan Zinc Ltd (HZL). The JV acquired mineral rights in early 2005 and its resulting work, including two campaigns of drilling and acquisition of old data, has resulted in the identification of gold (-copper) mineralisation estimated to be in excess of 2 million ounces.
In late 2007, IGL was forced to postpone its planned listing on the London-AIM stock exchange due to inappropriate actions undertaken by the previous Rajasthan government. Since then IGL has been involved in a difficult legal process to attempt to find a solution with the new Rajasthan Government to renew and upgrade its mineral rights. This is ongoing although signs are apparent that this impasse may soon be resolved in IGL's favour.
Separately in India, IGL has extensive applications pending, some as old as 3-4 years due to the tortuous approval and awarding process throughout India.
IGL also has a 21.6% shareholding in Bengal Minerals Pty Ltd (BMPL) which holds large applications pending in Rajasthan for polymetallic and diamond exploration targets.
Due to the excellent quality of its properties in India, notwithstanding the extreme difficulty in achieving secure mineral tenure, IGL is encouraged to play a waiting game to ensure it maintains and eventually grows shareholder value; thus, it is spending slowly elsewhere in India until its rights are secured over Jagpura and the key Bhukia site.
For the past 6-12 months, IGL has commenced business development activities outside India, focusing mainly on advanced stage mineral exploration assets.