Independence Gold to Advance the 3Ts Project in Central BC
26 January 2019 - 12:30AM
Independence Gold Corp. (TSX.V: IGO)
("Independence" or "the Company") announces its intent to focus on
it’s 100% owned 3Ts Project, located approximately 185 kilometres
(“km”) southwest of Prince George, British Columbia and 20 km
southwest of New Gold Inc’s Blackwater Project, during 2019. The
3Ts Project is an epithermal quartz-carbonate vein system with a
calculated inferred resource estimate containing 441,000 ounces of
gold and 12,540,000 ounces of silver.
The known epithermal quartz-carbonate vein
system contains more than 12 individual mineralized veins that
range up to 20 metres (“m”) in true width and up to 900 m along
strike. Most of these veins are open both along strike and at
depth, requiring further exploration. In addition, there is
potential to discover new mineralized veins within the 3Ts Project
area. Well-mineralized vein float boulders have been discovered in
numerous parts of the property, including eight samples that
averaged 19.0 grams per tonne (“g/t”) gold and 140 g/t silver from
the Ringer Target. To date, approximately 50% of the Project area
remains unexplored and open for investigation.
A National Instrument 43-101 compliant Inferred
Resource Estimate has been calculated for the Tommy, Ted and Mint
veins. Using a 1 g/t gold grade cut-off, 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. This inferred resource
estimate is based on a database of 205 drill holes (41,450 m) with
4,449 assay values (see news release dated May 6, 2014).
The 3Ts Project was discovered by BC Geological
Survey geologists in 1993 and has been held by Independence and
related companies since 2001. Multiple exploration programs have
taken place since 1994, resulting in a wealth of information and
data on the central portion of the Project area. The Company
intends to complete a comprehensive data review prior to executing
a field program later this year.
The Company will have a booth and a core shack
display at the Association of Mineral Exploration BC’s Roundup
Conference taking place in Vancouver from January 28-31, 2019 and
will be exhibiting portions of the mineralized veins from the 3Ts
Project.
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.
Kendra Johnston, P.Geo., the Company’s Qualified
Person as defined by National Instrument 43-101 for the 3Ts
Project, 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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