Independence Gold Intersects 67.6 m Averaging 3.63 g/t Gold and 132.83 g/t Silver on the 3Ts Project, British Columbia
11 November 2020 - 12:00AM
Independence Gold Corp. (TSX.V:
IGO) ("Independence" or "the Company") is pleased to
report assay results from two drillholes completed on its 100%
owned 3Ts Project (the “Property”). Drillholes 3T-20-09 and
3T-20-10 tested the underexplored Ted-Mint Offset Vein, which
occurs in a faulted contact between the Ted Vein and the Mint Veins
to the south and north, respectively. The results are highlighted
by drillhole 3T-20-10, which intersected the Ted-Mint Offset Vein
between 51.0 and 119.6 metres (“m”). This interval averaged 3.63
grams per tonne ("g/t") gold (“Au”) and 132.83 g/t silver (“Ag”)
over 67.6 m. 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.
Highlights from the 3T-20-09 and 3T-20-10
drillholes include:
Drill Hole |
From (m) |
To (m) |
Drill Intercept (m) |
Gold (g/t) |
Silver (g/t) |
3T-20-09 |
129.0 |
130.0 |
1.0 |
5.84 |
66.00 |
3T-20-10 |
51.0 |
119.6 |
67.6 |
3.63 |
132.83 |
Including |
54.0 |
59.0 |
5.0 |
11.38 |
779.40 |
Including |
77.0 |
82.0 |
5.0 |
1.66 |
397.80 |
Including |
110.0 |
114.0 |
4.0 |
33.34 |
195.50 |
Drillhole 3T-20-09 intersected the Ted-Mint
Offset Vein between 122.5 and 130.6 m, with an intensely altered
diabase dike occurring between 127.0 and 128.4 m. Drillhole
3T-20-10 intersected the Ted-Mint Offset Vein, which contained six
intercalated metre-scale intervals of highly altered rhyolite,
between 51.0 and 119.6 m. Drillholes 3T-20-09 and 3T-20-10 were
both drilled at an azimuth of 073˚ and at -50˚ and -55˚
inclinations, respectively, with the Ted-Mint Offset Vein steeply
dipping to the west. Drillholes 3T-20-09 and 3T-20-10 are
approximately 24 m apart. The Ted-Mint Offset Vein intersection in
drillhole 3T-20-10 is the widest vein interval on the Property to
date, and consists of a semi-continuous quartz-carbonate vein
hosting significant gold and silver mineralization. The Ted-Mint
Vein system remains open at depth and along strike.
A National Instrument 43-101 compliant inferred
resource estimate has been calculated for the Tommy and Ted-Mint
Veins. Using a 1.0 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).
For maps and figures, visit the Company's
website www.ingold.ca.
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.
For further information please contact Randy
Turner at 604-687-3959 or info@ingold.ca.
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