Independence Gold Intersects 3.0 m Averaging 30.94 g/t Gold and 130.0 g/t Silver on the 3Ts Project, British Columbia
October 15 2020 - 8:00AM
Independence Gold Corp. (TSX.V:
IGO) ("Independence" or "the Company") is pleased to
report assay results from the first two drillholes of a ten hole,
2,034 metre ("m") diamond drilling program recently completed on
its 100% owned 3Ts Project (the “Property”). Drillholes 3T-20-01
and 3T-20-02 intersected the Tommy mineralized vein structure
within an 86 m wide gap between drillholes completed in the 1990s.
Drillholes 3T-20-01 and 3T-20-02 were drilled at -46˚ and -63˚
inclination, respectively, with the Tommy Vein vertically dipping.
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.
Highlights from the initial assay results of the
program include:
Drill Hole |
From (m) |
To (m) |
Drill Intercept* (m) |
Gold (g/t) |
Silver (g/t) |
3T-20-01 |
61.8 |
69.2 |
7.4 |
3.12 |
29.43 |
Including |
62.2 |
64.2 |
2.0 |
9.45 |
84.00 |
3T-20-02 |
87.3 |
100.0 |
12.7 |
7.97 |
37.92 |
Including |
96.0 |
99.0 |
3.0 |
30.94 |
130.00 |
These initial results from the first two
drillholes highlight that the Tommy Vein hosts high-grade gold and
silver epithermal mineralization. The best intercept averaged 30.94
grams per tonne ("g/t") gold and 130.0 g/t silver across 3.0 m,
within a wider intersection grading 7.97 g/t gold and 37.92 g/t
silver over 12.7 m in hole 3T-20-02. This intercept is
approximately 40 m along strike from the intercept in hole 95-019
that assayed 8.38 g/t gold and 76.16 g/t silver over 14.3 m. The
Company is awaiting assay results for the remaining eight
drillholes from the 2020 drilling program, three of which targeted
the Tommy Vein and were completed approximately 500 m to the north
of drillholes 3T-20-01 and 3T-20-02. In addition, two holes were
designed to test the southern extension of the Larry Vein and one
drillhole tested the northern extension of the Johnny Vein. The
final two drillholes tested the Ted-Mint Offset Vein in the eastern
portion of the Property.
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.
Independence Gold (TSXV:IGO)
Historical Stock Chart
From Oct 2024 to Oct 2024
Independence Gold (TSXV:IGO)
Historical Stock Chart
From Oct 2023 to Oct 2024