Independence Gold Announces Exploration Program Update on the 3Ts Project, British Columbia
14 April 2021 - 10:00PM
Independence Gold Corp. (TSX.V:
IGO) ("Independence" or "the Company") is pleased to
provide an update on the 3Ts Project (the “Property”), including
assay results from the first drill hole of a 4,500 metre ("m")
winter diamond drilling program, a re-analysis of drill hole
3T-20-06 (drilled in 2020) to identify other potential elements of
interest, and plans for a detailed geophysical survey to be carried
out over the Property.
The 2021 winter drill program was designed to
test significant gaps within the historical drilling of the Tommy
and Ted-Mint vein systems, both along strike and at depth, as well
as previously untested targets. Drill hole 3T-21-01 was designed to
test the Ted-Mint Offset Vein below the microdiorite sill, and
highlights include:
Drill Hole |
From (m) |
To (m) |
Drill Intercept (m) |
Au (g/t) |
Ag (g/t) |
3T-21-01 |
293.35 |
307.00 |
13.65 |
5.07 |
258.10 |
Including |
293.35 |
299.2 |
5.85 |
8.60 |
577.62 |
Upon further review of previous drill results,
the Company re-analyzed data from the 2020 drill program in order
to identify other elements of economic interest, notably copper
(“Cu”), lead (“Pb”), molybdenum (“Mo”) and zinc (“Zn”). Drill hole
3T-20-06 was selected as it was one of the deepest holes drilled to
date and reached a depth of approximately 150 m below the
microdiorite sill. Highlights from the analysis include:
Drill Hole |
From (m) |
To (m) |
Drill Intercept (m) |
Cu* (%) |
Mo (ppm) |
Pb(ppm) |
Zn*(%) |
3T-20-06 |
401 |
409 |
8 |
0.07 |
56.75 |
818.75 |
0.44 |
Including |
404 |
406 |
2 |
0.15 |
140.67 |
583.33 |
1.01 |
Including |
404 |
407 |
3 |
0.21 |
209.00 |
852.50 |
0.92 |
Including |
403 |
406 |
3 |
0.16 |
145.00 |
2,095.33 |
0.69 |
|
*Results for copper
and zinc were reported in parts per million by the assaying lab and
have been converted to a percentage using 1% = 10,000 ppm |
Several other deep drillholes from the 2020
drill program, as well as earlier programs, will also be selected
to identify and re-analyzed for these elements of interest. Based
on alteration studies, geochemistry and geological work the Company
has identified the potential for a porphyritic system underlying
the 3Ts Property.
The Company has entered into a contract with
Dias Geophysical to carry out a program of deep 3D IP and
resistivity surveying, and a magnetic tellurics (“MT”) survey with
the DIAS32 system, which will commence during the third week of
April. The 3D IP survey will be completed on surface and in
boreholes across a survey area of approximately 4 km by 2 km, with
a goal of imaging the geology beneath the microdiorite sill. A
portion of the 3D IP survey will be completed at a higher spatial
resolution in order to image potential epithermal vein systems in
the near surface. The MT survey will be completed over the same
survey area with the goal of extending the depth search to over 1.5
km to help in imaging for potential porphyry sources and major
structural features.
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
locations.
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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