Independence Gold Intersects 36.15 Metres Grading 4.48 g/t Gold and 61.64 g/t Silver at the 3Ts Property, BC
June 29 2021 - 7:00AM
Independence Gold Corp. (TSX.V:
IGO) ("Independence" or "the Company") is pleased to
announce assay results from three more drill holes from the
recently completed 4,500 metre (“m”) winter diamond drill program
conducted on its 100% owned 3Ts Project (the “Property”), as well
as geophysical update. The 3Ts Project is located approximately 185
kilometres (“km”) southwest of Prince George, British Columbia and
situated 20 km southwest of Artemis Gold’s Blackwater Gold Deposit.
Please refer to the website for maps showing the vein and drill
hole locations.
The 2021 winter drill program was designed to
test significant gaps within the historical drilling of the Tommy
and Ted-Mint vein systems and to expand the current inferred
resource. A National Instrument 43-101 compliant inferred resource
estimate has been calculated for the Tommy and Ted-Mint Veins,
using a 1 gram per tonne ("g/t") gold (“Au”) cutoff grade, the
total inferred resource for these three veins is 5,452,000 tonnes
grading 2.52 g/t Au and 71.5 g/t silver (“Ag”) for 441,000
contained ounces of Au and 12,540,000 contained ounces of Ag (see
news release dated May 6, 2014).
Drill holes 3T-21-12 and 3T-21-14 were designed
to test the most southerly projection of the Mint Vein System above
the microdiorite sill and were collared 85 m and 65 m,
respectively, south along strike from a historic drill hole
(TT-03-25, 2.85 g/t Au and 66.93 g/t Ag over 4.0 m). Mineralization
in both drill holes is hosted in quartz carbonate veins. Highlights
of drill holes 3T-21-12 and 3T-21-14 are as follows:
Drill Hole |
Vein |
From(m) |
To(m) |
Drill Intercept(m) |
Gold(g/t) |
Silver(g/t) |
|
|
3T-21-12 |
Mint Central Vein |
68.00 |
88.70 |
20.70 |
4.53 |
85.85 |
|
including |
69.00 |
71.00 |
2.00 |
9.06 |
93.00 |
|
and |
78.95 |
86.00 |
7.10 |
7.78 |
130.26 |
|
including |
78.95 |
79.75 |
0.80 |
24.27 |
161.00 |
|
including |
85.00 |
86.00 |
1.00 |
21.27 |
200.00 |
|
and |
Mint EastVein |
101.00 |
106.10 |
5.10 |
1.04 |
18.61 |
|
including |
104.60 |
106.10 |
1.50 |
2.91 |
31.13 |
|
Drill Hole |
Vein |
From(m) |
To(m) |
Drill Intercept(m) |
Gold(g/t) |
Silver(g/t) |
|
|
3T-21-14 |
Mint Central Vein |
60.60 |
96.75 |
36.15 |
4.48 |
61.64 |
|
including |
60.60 |
84.25 |
23.65 |
6.77 |
91.39 |
|
and |
74.85 |
84.25 |
9.40 |
16.50 |
222.68 |
|
and |
79.25 |
84.25 |
5.00 |
29.13 |
306.20 |
|
and |
81.75 |
84.25 |
2.50 |
50.98 |
444.10 |
|
Drill hole 3T-21-10 was designed to test the
Tommy Vein at depth below the microdiorite sill, approximately 60 m
south of historic drill hole 98-079 (2.34 g/t Au and 13.3 g/t Ag
over 10.41 m) and 100 m down dip from drill hole 98-081 where 2.11
g/t Au and 17.16 g/t Ag over 31.5m was intersected. 3T-21-10 is the
deepest drill hole to date on the Tommy Vein indicating that the
vein is still open at depth and along strike. Highlights of drill
hole 3T-21-10 include:
Drill Hole |
Vein |
From(m) |
To(m) |
Drill Intercept(m) |
Gold(g/t) |
Silver(g/t) |
|
|
3T-21-10 |
Tommy Vein |
469.75 |
474.55 |
4.80 |
3.90 |
28.11 |
|
including |
469.75 |
470.50 |
0.75 |
6.48 |
30.00 |
|
including |
473.55 |
474.55 |
1.00 |
12.01 |
92.00 |
|
3T-21-10 |
485.00 |
490.00 |
5.00 |
1.29 |
3.80 |
|
including |
486.00 |
487.00 |
1.00 |
3.06 |
10.00 |
|
The remaining drill holes from this winter’s
drill program have been submitted for analysis and results are
pending.
All core samples have been sent to SGS lab in
Vancouver for sample prep and processing. Robotic sample
preparation is used to ensure reproducibility; samples are
pulverized to greater than 85% passing 75 microns. All samples are
submitted for four acid digest with an ICP finish. Gold grades are
obtained by fire assay with AAS finish. Samples which return
greater than 50 parts per million silver are resubmitted for fire
assay with a gravimetric finish. Samples that return greater than
1.0% copper, lead, or zinc are resubmitted for over-limit ICP
analysis.
Geophysical UpdateDias
Geophysical Limited completed a major geophysical survey covering
approximately eight square kilometres on the Property, comprised of
a 3D Induced Polarization (IP) and resistivity survey, along with a
Magnetotelluric (“MT”) survey utilizing the DIAS32 system. A final
report has been received for all three surveys and results show a
strong correlation between high resistivity anomalies of the known
vein system both on surface and at depth. Several previously
undiscovered vein systems and drill targets have also been outlined
near surface, as well as a large resistive and conductive anomaly
at depth.
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 & 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.
Contact:Telephone: 604-687-3959Facsimile:
604-687-1448E-Mail: info@ingold.ca
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