Independence Gold Commences 4,200 Metre Drill Program at 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 4,200 Metre Drill Program at 3Ts Project, BC
Vancouver, B.C. (February 15, 2022) – 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”) southw est of Prince George, British Columbia
and situated 20 km southwest of Artemis Gold Inc.’s Blackwater Project.
The winter drill program will consist of approximately 15 planned drill holes totaling 4,200 metres (“m”).
The targets are based on the 3D geological model of the 3Ts epithermal vein systems, combined with the
results from the 2021 drill program, an Induced Polarization (IP) and resistivity survey, and surface
geochemistry. Drilling will focus on testing significant gaps within and outside the historical drilling of the
Tommy and Ted-Mint vein systems, as well as several newly discovered targets. The estimated cost of the
drill program is $1.1 million.
The primary focus of the drill program is to increase the National Instrument 43-101 compliant inferred
resource estimate that has been calculated for the Tommy and Ted-Mint Veins. Using a 1 gram per tonne
(“g/t”) gold cut-off grade, the total Inferred Res ource 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 12,540,000 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 and true widths up to 20 m, have been identified.
About Independence
Independence Gold Corp. is a mineral explorat ion company with holdings ranging from early -stage
grassroots exploration to advanced -stage resource expansion in British Columbia and Yukon. The
Company is positioned to add shareholder value through systematic project advancement, while
management contin ues 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.
ON BEHALF OF THE BOARD OF INDEPENDENCE GOLD CORP.
“Randy Turner”
Randy Turner, President and CEO
Suite 580 – 625 Howe, Vancouver, British Columbia V6C 2T6
Telephone: 604-687-3959 Facsimile: 604-687-1448 E-Mail: [email protected]
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 tha n 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 pr ovides 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 forwa rd-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 di ffer 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.