Vancouver, British Columbia – August 10, 2023 (Newsfile Corp.) (Investorideas.com Newswire) Independence Gold Corp. (TSXV: IGO) (OTCQB: IEGCF) (the “Firm” or “Independence”) is happy to announce further assay outcomes from the current 4,000 metre (“m”) drill program at its 100% owned 3Ts Mission positioned roughly 185 kilometres (“km”) southwest of Prince George, British Columbia and located 16 km southwest of Artemis Gold Inc.’s Blackwater Mission. Please see the web site for earlier drill outcomes.
The target of this drill program was to focus on areas of the Tommy Vein System the place little historic info was obtainable for the up to date useful resource mannequin which was accomplished in August 2022. This up to date useful resource mixed in-pit and underground parts of the Tommy and Ted-Mint vein methods include a complete inferred useful resource estimate of 4,470,000 tonnes grading 3.64 grams per tonne (“g/t”) gold and 96.26 g/t silver, at a cutoff grade of 0.4 g/t gold equal (“AuEq”) in-pit and a pair of.0 g/t AuEq underground, containing 522,000 ounces of gold and 13,800,000 ounces of silver (please see the news release dated August 18, 2022 for additional particulars). The drill program was additionally profitable in discovering the Johnny and Ian Vein Techniques that had been beforehand untested.
The outcomes from further infill and step-out holes have demonstrated confirmed continuity of the Tommy Vein System with variable width and grades drilled over a strike size of roughly 1,100 m. The vein system stays open alongside strike and at depth. These drill holes had been designed to supply further information of mineralized grades and widths for a future up to date useful resource mannequin. This drill program not solely prolonged the strike size of the Tommy Vein System, but in addition found high-grade, vein-hosted mineralization greater than 240 m and 575 m west of Tommy with the invention of the Ian and Johnny Vein Techniques, respectively. The Tommy, Ian, and Johnny Vein Techniques, in addition to the Ted-Mint Vein Techniques, all stay open alongside strike and at depth.
Please discuss with the website for a map exhibiting the veins and drill gap places.
Replace on the Summer season Exploration Program
The summer time exploration program commenced in mid-July with floor work actively underway. To this point, the geological crew has accomplished a geochemical soil grid and prospecting over beforehand untested geophysical anomalies. These anomalies are positioned roughly 1 km to the northeast of the Ted-Mint Vein System the place a 700 m huge round magnetic anomaly has been recognized (the “Ootsa Ring Construction”). Prospecting on the Property has additionally found a number of outcrops of brecciated rhyolite/dacite which hosts malachite and azurite (copper carbonates) alongside fractures and veinlets inside the host rock over 250 m. That is the primary time copper mineralization has been found in floor outcrop on the 3Ts property. Along with the soil sampling, a number of trenches have additionally been excavated within the Tommy space with a spotlight to higher perceive the mineralizing potential in a zone of structural complexity.
The 3Ts Mission is comprised of fifteen mineral claims protecting roughly 5,200 hectares within the Nechako Plateau area of central British Columbia. The 3Ts Mission covers a low-sulphidation epithermal quartz- carbonate vein district inside which greater than a dozen particular person mineralized veins, starting from 50 m to greater than 1,100 m in strike size and true widths as much as 25 m, have been recognized.
Independence Gold Corp. is a mineral exploration firm with holdings starting from early-stage grassroots exploration to advanced-stage useful resource growth in British Columbia and Yukon. The Firm is positioned so as to add shareholder worth by means of systematic undertaking development, whereas administration continues to judge further gold and silver initiatives for potential acquisition. For extra info, go to the Firm’s web site www.ingold.ca.
Andy Randell, P.Geo., the Firm’s Certified Particular person as outlined by Nationwide Instrument 43-101, has reviewed the technical info on this information launch.
ON BEHALF OF THE BOARD OF INDEPENDENCE GOLD CORP.
Randy Turner, President and CEO
E-Mail: [email protected]
Neither the TSX Enterprise Change nor its Regulation Providers Supplier (as that time period is outlined in insurance policies of the TSX Enterprise Change) accepts duty for the adequacy or accuracy of this launch.
All statements on this press launch, apart from statements of historic truth, are “forward-looking info” with respect to Independence inside the which means of relevant securities legal guidelines, together with statements with respect to the Firm’s deliberate drilling and exploration actions. The Firm gives forward-looking statements for the aim of conveying details about present expectations and plans referring to the long run and readers are cautioned that such statements might not be applicable for different functions. By its nature, this info is topic to inherent dangers and uncertainties that could be common or particular and which give rise to the likelihood that expectations, forecasts, predictions, projections or conclusions won’t show to be correct, that assumptions might not be appropriate and that goals, strategic targets and priorities won’t be achieved. These dangers and uncertainties embody however will not be restricted to these recognized and reported in Independence’s public filings underneath Independence Gold Corp.’s SEDAR profile at www.sedar.com. Though Independence has tried to determine essential elements that might trigger precise actions, occasions or outcomes to vary materially from these described in forward-looking info, there could also be different elements that trigger actions, occasions or outcomes to not be as anticipated, estimated or meant. There could be no assurance that such info will show to be correct as precise outcomes and future occasions may differ materially from these anticipated in such statements. Independence disclaims any intention or obligation to replace or revise any forward-looking info, whether or not because of new info, future occasions or in any other case except required by regulation.
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