Independence Gold Commences 4,200 Metre Drill Program at 3Ts Project, BC
16 February 2022 - 12:00AM
Independence Gold Corp. (TSX.V: IGO)(OTCQB: IEGCF)
(the “Company”) is pleased to announce the commencement of a
diamond drilling program at its 100% owned 3Ts Project, located
approximately 185 kilometres (“km”) southwest of Prince George,
British Columbia and situated 20 km southwest of Artemis Gold
Inc.’s Blackwater Project.
The winter drill program will consist of
approximately 15 planned drill holes totaling 4,200 metres (“m”).
The targets are based on the 3D geological model of the 3Ts
epithermal vein systems, combined with the results from the 2021
drill program, an Induced Polarization (IP) and resistivity survey,
and surface geochemistry. Drilling will focus on testing
significant gaps within and outside the historical drilling of the
Tommy and Ted-Mint vein systems, as well as several newly
discovered targets. The estimated cost of the drill program is $1.1
million.
The primary focus of the drill program is to
increase the National Instrument 43-101 compliant inferred resource
estimate that has been calculated for the Tommy and Ted-Mint Veins.
Using a 1 gram per tonne (“g/t”) gold cut-off 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).
The 3Ts Project is comprised of fifteen mineral
claims covering approximately 5,200 hectares in the Nechako Plateau
region of central British Columbia. The 3Ts Project covers an
epithermal quartz-carbonate vein system within which more than a
dozen individual mineralized veins, ranging from 50 m to more than
900 m and true widths up to 20 m, have been identified.
About Independence Independence
Gold Corp. is a mineral exploration company with holdings ranging
from early-stage grassroots exploration to advanced-stage resource
expansion in British Columbia and Yukon. The Company is positioned
to add shareholder value through systematic project advancement,
while management continues to evaluate additional gold and silver
projects for possible acquisition. 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 and 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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