VANCOUVER, British Columbia, Aug. 21, 2017 (GLOBE NEWSWIRE) -- Independence Gold Corp. (TSX.V:IGO)
("Independence" or "the Company") is pleased to announce the commencement of its 1,500 metre (“m”) diamond drilling program on the
Company’s 100% owned Boulevard Project, in the White Gold District, Yukon. The diamond drill program is following-up on
results from the Company’s 2015 and 2016 reverse circulation (RC) drill programs which successfully identified mineralization along
the 2.4 kilometre (“km”) Sunrise-Sunset Zone. Concurrently, a Geoprobe drill will evaluate geochemical soil anomalies on the
property by completing an estimated 120 holes to the soil-bedrock interface.
Boulevard Project
This season’s program is targeting multiple, highly resistive quartzite horizons that host cross-cutting mineralized quartz veins.
The first three drill holes this year are planned to confirm RC drill holes that returned highly anomalous results (BV15-31: 7.23
g/t over 12.2 m; BV15-40: 15.0 g/t Au over 3.1 m; BV16-54: 7.73 g/t Au over 6.1 m). Kendra Johnston, the Company’s Interim
President, stated, “Acquiring oriented core from these high-grade gold intervals will enable us to determine the geometry and
trend of the quartzite as well as the cross-cutting quartz veins while also being able to test the extent of the mineralization
along strike to the northwest and southeast.” Subsequent drilling along the trend will focus on evaluating the extent of
these quartzite layers, in areas of coincident multi-element gold-arsenic-antimony soil geochemistry. The company plans to
complete 1,500 m of drilling in 12-15 drill holes.
An estimated 2,450 soil samples have already been collected from the Boulevard Project this season from areas
which required detailed grid-style follow-up or areas that were previously untested. Initial results from one of the detailed
grids located 3.6 km southeast of the Sunrise-Sunset Zone identified a new, 1.0 km long, northwest trending, gold-in-soil
geochemical anomaly. This target, along with six others, will be evaluated during the estimated 120 drill hole Geoprobe
program that will test the soil-bedrock interface at 5 m spaced sample sites.
Regional Exploration
Work is also set to start on the Company’s pipeline of gold exploration projects within the White Gold District. A further
875 soil samples will be collected on the Company’s 100% owned Moosehorn, Stinger and Henderson Projects. Geoprobe and Rotary
Air Blast (“RAB”) drilling will also be conducted on the Moosehorn and Henderson Projects respectively. Moosehorn hosts a 1.4
km long gold-arsenic soil geochemical anomaly, located along a topographic high that drains into multiple placer mined creeks. The
Company plans to complete a reconnaissance style geochemical sampling program across the remainder of the property and to test the
known anomaly, using the GeoProbe drill. The Company also plans to drill approximately 400 m on Henderson to test a possible
source for the placer gold which has been mined from North Henderson Creek.
About Independence
Independence Gold Corp. (TSX.V:IGO) is a mineral exploration company listed on the TSX Venture Exchange. With a portfolio of
projects in the Yukon and the 3Ts Project in British Columbia, the Company’s holdings range from early-stage grassroots exploration
to advanced-stage resource expansion. For additional information, visit the Company's website www.ingold.ca.
Kendra Johnston, P.Geo., the Company’s Qualified Person as defined by National Instrument 43-101 for the White
Gold Area projects, has reviewed the technical information in this news release.
ON BEHALF OF THE BOARD of Independence Gold Corp.
“Michael McPhie”
Interim Chairman, CEO and Director
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 more information, contact: Kendra Johnston, Interim President T: 604-687-3959 E: kjohnston@ingold.ca W: www.ingold.ca