VANCOUVER, British Columbia, Feb. 22, 2021 (GLOBE NEWSWIRE) -- Independence Gold Corp. (TSX.V: IGO) (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 Gold Project.
The winter drill program will consist of 15 diamond drill holes totaling approximately 4,500 metres (“m”). The targets are based on the 3D geological model of the epithermal vein system, combined with the results from the 2020 fall drill program, which focused on testing significant gaps within the historical drilling of the Tommy and Ted-Mint vein system, as well as previously untested targets.
A National Instrument 43-101 compliant inferred resource estimate has been calculated for the Tommy and Ted-Mint Veins. Using a 1 g/t gold cutoff grade, the total Inferred Resource for these 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, have been identified.
About Independence
Independence 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.