- Value mining stock Independence Gold has commenced a spring drill program at its 3Ts Project in British Columbia
- The spring drill program is expected to consist of 20 planned drill holes totalling a minimum 4,200 metres and will focus on the underexplored sections of the Ted-Mint and Tommy Vein Systems
- The team is especially interested in depths where there is the potential for high-grade intercepts that will be used to expand the existing mineral resource
- Independence Gold Corp. opened trading at $0.21 per share
Value mining stock Independence Gold (TSXV:IGO) has commenced a spring drill program at its 3Ts Project in British Columbia.
The spring drill program is expected to consist of 20 planned drill holes totalling a minimum 4,200 metres and will focus on the underexplored sections of the Ted-Mint and Tommy Vein Systems.
The team is especially interested in depths where there is the potential for high-grade intercepts that will be used to expand the existing mineral resource.
The drill budget is expected to allow for the testing of several geophysical targets 400 metres west of the Tommy Vein and further testing of the Johnny and Ian veins and the Ootsa copper-silver target. The estimated budget for the spring drill program is C$1.9 million.
This work is built from the company’s summer exploration program at the project, which focused on expanding its potential after a successful winter drill program, and included the discovery of a new gold and silver bearing quartz vein.
The 3Ts Project is made up of 17 mineral claims covering 88.4 square kilometres in the Nechako Plateau region of central B.C.
With a market capitalization of C$35.9 million, 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 Territory.
Independence Gold Corp. opened trading at $0.21 per share, and its shares have risen 46.66 per cent since this time last year.
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