Independence Gold Commences 2,000 Metre Drill Program at the 3Ts Project, BC
Suite 580 – 625 Howe, Vancouver, British Columbia V6C 2T6
Telephone: 604-687-3959 Facsimile: 604-687-1448 E-Mail: [email protected]
NEWS RELEASE
Independence Gold Commences 2,000 Metre Drill Program at the 3Ts Project, BC
Vancouver, B.C. ( October 17, 202 3) – Independence Gold Corp. (TSX.V: IGO)(OTCQB: IEGCF) (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 16 km southwest of the Blackwater Mine which is currently being developed by Artemis Gold
Inc.
The fall drill program will consist of approximately 16 drill holes totaling 2,000 metres (“m”) and will focus
on the recently announced discoveries of the Johnny and Ian Veins (see news release dated August 10th
and September 27th, 2023, respectively) as well as the Ootsa copper-silver target (see news release dated
October 4 th, 2023). In addition, d rilling will also focus on the southern extension of the Ted -Mint Vein
System in which targets have been selected based on the updated NI 43-101 inferred resource completed
in 2022 by SGS Geological Services (report titled “Mineral Resource Estimate Update for the 3Ts Gold
Project, Omineca Mining Division, British Columbia, Canada” authored by Rohan Millar and Allan Armitage
with an effective date of August 18, 2022; see news release dated August 18, 2022). Drilling will also test
significant gaps between the Tommy and Ted -Mint v ein system s. The estimated budget for this drill
program is $650,000.
Randy Turner, President and CEO of the Company commented “ This program will test the extent of the
newly discovered Johnny and Ian Veins as well as the Ootsa ta rget. We hope to further expand on the
current inferred resource with additional drill holes that will infill areas between the major vein systems.”
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 a low-sulphidation epithermal
quartz-carbonate vein district within which more than a dozen individual mineralized veins, ranging from
50 m to more than 1,100 m and true widths up to 25 m, have been identified.
About Independence
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. The
Company is posit ioned to add shareholder value through systematic project advancement, while
management continues to evaluate additional gold and silver projects for possible acquisition. 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.
Suite 580 – 625 Howe, Vancouver, British Columbia V6C 2T6
Telephone: 604-687-3959 Facsimile: 604-687-1448 E-Mail: [email protected]
ON BEHALF OF THE BOARD OF INDEPENDENCE GOLD CORP.
“Randy Turner”
Randy Turner, President and 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. Ther e can be no
assurance that such information will prove to be accurate as actual results and future events could differ materially from th ose
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.