Independence Gold Intersects Gold Mineralization on Boulevard, Yukon
November 16 2017 - 7:00AM
Independence Gold Corp. (TSX.V:IGO)
("Independence" or "the Company") is pleased to announce drill
results from four of nine diamond drill holes completed this summer
on the Company’s 100% owned Boulevard Project, contiguous to
Goldcorp Inc’s Coffee Gold Deposit in the White Gold District,
Yukon. The best intercept in these four holes is 3.10 grams per
tonne (“g/t”) gold over 1.5 metres (“m”) including 76.2 g/t gold in
the coarse fraction (24.1 g) of a 875 grams (“g”) sample over the
same interval.
A total of 977.5 m of diamond drilling was
completed in 9 holes within the Sunrise/Sunset Zone, located 8.5
kilometres (“km”) southwest of the Coffee deposit. Drilling
focused primarily on the intersection of the Sunrise and Sunset
trends which have been identified as multi-element soil geochemical
anomalies and were confirmed by reverse circulation (“RC”) drilling
in previous years. Significant intercepts from this year’s
diamond drilling program are presented in the table below. A
table of all 2017 drill results and a map showing the drill hole
locations is posted on the Company’s website.
|
Drill hole |
From (m) |
To (m) |
Length (m) |
Au (g/t) byFire Assay |
Au (g/t) byScreen Metallics(Coarse
Fraction>106 microns) |
Au (g/t) byScreen Metallics(Fine
Fraction<106 microns) |
BV17-58 |
53.5 |
55.0 |
1.5 |
3.10* |
76.20 |
1.01 |
And |
91.5 |
95.0 |
3.5 |
0.40 |
- |
- |
BV17-60 |
13.0 |
17.5 |
4.5 |
2.97* |
14.03 |
2.56 |
BV17-61 |
81.0 |
88.0 |
7.0 |
0.47 |
- |
- |
BV17-62 |
41.0 |
42.0 |
1.0 |
0.61 |
- |
- |
And |
92.0 |
99.0 |
7.0 |
0.10 |
- |
- |
Length represents the apparent thickness of the
mineralization and should not be considered as the true
width |
*Fire Assay by Screen Metallic – weighted
average of the coarse and fine fractions of the Screen Metallic
analysis |
|
Samples from this year’s program have exhibited a nugget effect
in the gold mineralization. Therefore, all samples from this
program with fire assay results greater than 1 g/t gold have been
further analysed by screen metallics to determine the amount of
gold in the coarse fraction (greater than 106 microns) and the
amount of gold in the fine fraction (less than 106 microns).
Drill holes BV17-58 and 62 were follow-up drill
holes to RC hole BV16-54 which intersected 1.58 g/t gold over 39.6
m including 7.73 g/t gold over 6.1 m. BV17-58 and 62 both
ended in minimally anomalous gold zones, suggesting that
mineralization remains open and may continue at depth. Drill hole
BV17-58 intersected 1.5m wide interval of quartz biotite schist
with moderate to strong silica alteration associated with multiple
0.5-4.0 centimetre wide cross-cutting quartz veins. Disseminated
pyrite was observed throughout the interval while stibnite was
observed in association with the cross-cutting quartz veins.
Drill hole BV17-60 and 61 were follow-up drill
holes to RC hole BV15-40 which intersected 15.00 g/t gold over 3.1
m including 27.90 g/t gold over 1.5 m. BV17-60 intersected a 4.5 m
wide interval of quartz biotite schist intruded by white massive
quartz veining with disseminated pyrite. This intercept exhibited a
nugget effect which resulted in 14.03 g/t gold found in the coarse
fraction during a screen metallic analysis
All four holes have azimuths that vary from 070
to 080 degrees with dips of -45 to -55 degrees. Results from
the remaining fives holes, including three holes that followed-up
on BV15-31 which intercepted 3.21 g/t gold over 29 m including 7.23
g/t gold over 12.2 m, are still pending.
All samples were submitted to SGS Minerals
Services in Burnaby, BC for sample preparation by crushing to 75%
less than 2 millimetres, creation of a 250 g split, and then
pulverizing to 85% passing 75 microns. Sample pulps were
submitted for a 52 element analysis using an aqua regia digest and
ICP-AES and ICP–MS analysis (GE-ICM14B) and for gold analysis with
a 30 g fire assay and AAS finish (code GE-FAA313). Samples
resulting in greater than 1 g/t of gold were then re-submitted for
analysis by screen metallics. A 1,000 g sample was taken from
the reject, crushed to 2 mm and split. A representative sample of
approximately 100 g was taken. This sample was pulverized and
screened to 106 microns. The plus 106 micron fraction was submitted
for fire assay, the minus fraction was split and two 30 g aliquots
were submitted for fire assay. Final assays were weight
ratioed back to the representative sample weight (code
FAS51K). Control samples (accredited gold standards and
blanks) were inserted into the sample sequence on a regular basis
to monitor precision of results. No QAQC concerns were
identified.
About IndependenceIndependence
Gold Corp. (TSX.V:IGO) is a mineral exploration company listed on
the TSX Venture Exchange. With a portfolio of projects in the
Yukon and the 3Ts Project in British Columbia, the Company’s
holdings range from early-stage grassroots exploration to
advanced-stage resource expansion. For additional
information, visit the Company's website www.ingold.ca.
Kendra Johnston, P.Geo., the Company’s Qualified
Person as defined by National Instrument 43-101 for the White Gold
District projects, has reviewed the technical information in this
news release.
ON BEHALF OF THE BOARD of Independence
Gold Corp.
“Michael McPhie”
Interim Chairman, CEO and Director
For more information, contact:
Kendra Johnston, Interim PresidentT:
604-687-3959E: kjohnston@ingold.caW: www.ingold.ca
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release.
All statements in this press release, other than
statements of historical fact, are "forward-looking information"
with respect to Independence within the meaning of applicable
securities laws, including statements with respect to the
Company’s planned drilling and exploration activities. The Company
provides forward-looking statements for the purpose of conveying
information about current expectations and plans relating to the
future and readers are cautioned that such statements may not be
appropriate for other purposes. By its nature, this information is
subject to inherent risks and uncertainties that may be general or
specific and which give rise to the possibility that expectations,
forecasts, predictions, projections or conclusions will not prove
to be accurate, that assumptions may not be correct and that
objectives, strategic goals and priorities will not be achieved.
These risks and uncertainties include but are not limited to those
identified and reported in Independence’s public filings under
Independence Gold Corp.’s SEDAR profile at www.sedar.com.
Although Independence has attempted to identify important
factors that could cause actual actions, events or results to
differ materially from those described in forward-looking
information, there may be other factors that cause actions, events
or results not to be as anticipated, estimated or intended. There
can be no assurance that such information will prove to be accurate
as actual results and future events could differ materially from
those anticipated in such statements. Independence disclaims
any intention or obligation to update or revise any forward-looking
information, whether as a result of new information, future events
or otherwise unless required by law.
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