Independence Gold Discovers New Soil Anomalies on Boulevard, Yukon
07 November 2017 - 12:00AM
Independence Gold Corp. (TSX.V:IGO)
("Independence" or "the Company") is pleased to announce the
discovery of multiple new soil anomalies and the extension of known
soil anomalies on the Company’s 100% owned Boulevard Project in the
White Gold District, Yukon. The Company also completed nine
diamond drill holes, totalling 977.5 metres (“m”). Drill
results are still pending.
The Boulevard Project now contains 25 distinct
anomalous trends. This season Independence expanded the
Denali Zone by extending the Kahiltna trend to 1.7 kilometres
(“km”) and identifying the new D3 (1.5 km) and D4 (3.3 km)
trends. The Company also identified the new Runway Zone,
consisting of three trends, R1 (5.4 km), R2 (1.2 km) and R3 (2.2
km), as well as the newly named Lewes trend (1.0 km) previously
announced on August 21st, 2017 (see Independence news
release). The Company’s current soil trends, including those
that comprise the Sunrise/Sunset Zone (which was drill tested this
year), are outlined in the figure below.
A photo accompanying this announcement is available at
http://www.globenewswire.com/NewsRoom/AttachmentNg/588cfb36-4814-46ea-9261-379021def484
Kendra Johnston, the Company’s Interim
President, stated, “We are very pleased to have outlined so many
anomalous trends on the Boulevard Project. Over the years, we
have taken great care to collect quality soil samples which we are
excited to be advancing toward drill ready targets.”
Anomalous trends on the Boulevard Project are
identified by geochemical soil samples with greater than 75th
percentile levels of gold, arsenic and antimony with values ranging
from below detection in all three elements to 7,010 parts per
billion gold, 6,730 parts per million arsenic and 1,325 parts per
million antimony. This season’s program included the collection of
2,400 soil samples, increasing the number of soil samples on the
Boulevard Project to 20,330. The Company’s internal
proprietary database now contains approximately 46,500 soils
samples across the White Gold District.
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 gold analysis with a 30 g fire assay and AAS finish
(code GE-FAA313). Samples were also submitted for a 52
element analysis using an aqua regia digest and ICP-AES and ICP–MS
analysis (GE-ICM14B). Control samples (accredited gold
standards and blanks) were inserted into the sample sequence on a
regular basis to monitor precision of results.
Corporate UpdateThe Company
announces the granting of incentive stock options to certain
directors and officers to purchase up to 200,000 common shares
under the Company’s Incentive Stock Option Plan. The
options were granted for a period of five years commencing on
November 2, 2017, exercisable at a price of $0.20 per share.
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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