Independence Gold Intersects Gold Mineralization on Boulevard, Yukon
December 18 2017 - 8:00AM
Independence Gold Corp. (TSX.V:IGO)
("Independence" or "the Company") is pleased to announce drill
results from the remaining five diamond drill holes completed this
summer on the Company’s 100% owned Boulevard Project. Boulevard is
contiguous to Goldcorp Inc’s Coffee Gold Deposit in the White Gold
District, Yukon. The best intercept in these five holes is 2.58
grams per tonne (“g/t”) gold over 4.3 metres (“m”) including 5.02
g/t gold over 1.4 m. The 1.4 m sample exhibited a nugget
effect resulting in 42.7 g/t gold in the coarse fraction (30.6 g)
of a 1,040.3 g sample.
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
geochemical trends. 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) |
Au (g/t) byScreen
Metallics(WeightedAverage) |
BV17-59 |
52.00 |
60.00 |
8.00 |
0.49 |
- |
- |
- |
BV17-63 |
34.00 |
34.68 |
0.68 |
4.43 |
1.7 |
3.81 |
3.8 |
BV17-63 |
79.65 |
87.50 |
7.85 |
0.45 |
- |
- |
- |
Incl. |
79.65 |
84.25 |
4.60 |
0.62 |
- |
- |
- |
BV17-64 |
35.70 |
39.00 |
3.30 |
1.38 |
|
|
|
Incl. |
35.70 |
36.85 |
1.15 |
3.30 |
3.3 |
3.35 |
3.4 |
BV17-64 |
65.35 |
65.50 |
0.15 |
1.59 |
19.2 |
0.68 |
1.2 |
BV17-65 |
14.50 |
20.30 |
4.30 |
2.58 |
- |
- |
- |
Incl. |
16.00 |
17.40 |
1.40 |
5.02 |
42.7 |
2.01 |
3.2 |
Incl. |
17.90 |
19.20 |
1.30 |
2.35 |
8.1 |
2.66 |
2.3 |
BV17-65 |
129.00 |
129.50 |
0.50 |
2.27 |
4.7 |
1.62 |
1.7 |
BV17-66 |
77.15 |
77.50 |
0.35 |
2.69 |
1.8 |
2.76 |
2.7 |
BV17-67 |
19.25 |
20.85 |
1.60 |
1.39 |
1.0 |
1.26 |
1.2 |
Length represents the apparent thickness of the
mineralization and should not be considered as the true
width
Gold mineralization exhibited a nugget effect
and thus 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 verses fine
(greater or less than 106 microns) fractions of each sample.
Drill hole BV17-59, 64 and 65 were designed to
follow-up reverse circulation (“RC”) drill hole BV15-31 which
intercepted 3.21 g/t gold over 29 m including 7.23 g/t gold over
12.2 m and BV16-53 which intercepted 4.36 g/t gold over 6.1 m and
8.27 g/t gold over 3.1. This series of holes outlines
approximately 130 m of mineralization in a northwesterly direction
and remains open in both directions along strike. This area
is part of a larger anomalous zone identified by elevated gold,
arsenic and antimony in soil.
Drill hole BV17-63 tested the northwest strike
extension of 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. The 2017 program
also included BV17-58, a diamond drill hole designed as a minor
step out to BV16-54, and interested 3.10 g/t gold over 1.5
including 76.2 g/t gold in the coarse fraction of the sample and
drill hole BV17-62 which tested the strike extension to the
southeast.
Drill hole BV17-66 tested the southeast extent
of the Sunset soil trend, while drill hole BV17-67 tested the
northwest extent of the Hollywood soil trend. Both trends are
identified by greater than 75th percentile gold, arsenic and
antimony in soil.
All five holes have azimuths of approximately
080 degrees with dips ranging between -45 to -55 degrees.
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.
“Kendra Johnston”
President and Director
For further information please contact Kendra
Johnston at 604-687-3959 or info@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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