Independence Gold Commences Drilling at 3Ts Project, BC
September 09 2020 - 7:30AM
Independence Gold Corp. (TSX.V: IGO) (the
"Company") is pleased to announce the commencement of a diamond
drilling program at its 100% owned 3Ts Project, located
approximately 185 kilometres (“km”) southwest of Prince George,
British Columbia and situated 20 km southwest of Artemis Gold
Inc.’s Blackwater Project.
The initial program will consist of 11 drill
holes totaling approximately 2,200 metres (“m”). The targets are
largely based on the extensive compilation and 3D geological model
of the epithermal vein system, in addition to the magnetic and
spectral surveys, completed in 2019. The 3D model in particular
highlighted significant gaps in the historical drilling in the
Tommy and Ted-Mint vein systems that the majority of the planned
drillholes will be testing. Of the 11 drillholes, four will be
dedicated to testing the potential northern extension of the Johnny
Vein and the potential southern extension of the Larry Vein, both
of which are were not included in the resource estimate described
below.
A National Instrument 43-101 compliant inferred
resource estimate has been calculated for the Tommy and Ted-Mint
Veins. Using a 1 grams per tonne (“g/t”) gold cutoff grade, the
total Inferred Resource for these three veins is 5,452,000 tonnes
grading 2.52 g/t gold and 71.5 g/t silver for 441,000 contained
ounces of gold and 12,540,000 contained ounces of silver (see news
release dated May 6, 2014).
The 3Ts Project is comprised of fifteen mineral
claims covering approximately 5,200 hectares in the Nechako Plateau
region of central British Columbia. The 3Ts Project covers an
epithermal quartz-carbonate vein system within which more than a
dozen individual mineralized veins, ranging from 50 m to more than
900 m and true widths up to 20 m, have been identified.
About IndependenceIndependence
Gold Corp. (TSX.V:IGO) is a mineral exploration company listed on
the TSX Venture Exchange. The Company’s holdings range from
early-stage grassroots exploration to advanced-stage resource
expansion in British Columbia and Yukon. For additional
information, visit the Company's website www.ingold.ca.
Andy Randell, P.Geo., the Company’s Qualified
Person as defined by National Instrument 43-101, has reviewed the
technical information in this news release.
ON BEHALF OF THE BOARD OF INDEPENDENCE
GOLD CORP.
“Randy Turner”
Randy Turner, President and CEO
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.
For further information please contact Randy
Turner at 604-687-3959 or info@ingold.ca.
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