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Independence completes 4,182 m drill program at 3Ts
2022-05-05 12:13 ET - News Release
Mr. Randy Turner reports
INDEPENDENCE GOLD COMPLETES DRILL PROGRAM AT 3TS PROJECT, BC
Independence Gold Corp. has completed a diamond drilling program at its 100-per-cent-owned 3Ts project, located approximately 185 kilometres southwest of Prince George, B.C., and situated 20 kilometres southwest of Artemis Gold Inc.'s Blackwater project.
A total of 17 holes were completed on the 3Ts project for a total of 4,182 metres. Drilling was distributed across the project area, with 10 holes into the Ted-Mint target, five into the Tommy target and the remaining two holes drilled into the newly identified Balrog target. The drill program was designed to infill previously intersected gold-silver mineralization within the Ted-Mint and Tommy vein systems and to define the strike extensions of the mineralized veins. The drill targets were designed to update and expand data for a new resource estimate that is expected to be completed this summer.
A total of 2,109 core samples have been sent to SGS Labs in Burnaby, B.C., for analysis. All samples have been delivered and are currently being processed, with the first results expected in late May.
The primary focus of the drill program was to increase the National Instrument 43-101 compliant inferred resource estimate that has been calculated for the Tommy and Ted-Mint Veins. Using a one-gram-per-tonne (g/t) gold cut-off grade, the current 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 12.54 million contained ounces of silver (see news release dated May 6, 2014).