Independence Gold Commences Drilling on Boulevard, Yukon
Suite 1020 - 625 Howe Street, Vancouver, British Columbia V6C 2T6
Telephone: 604-687-3959 Facsimile: 604-687-1448 E-Mail: [email protected]
NEWS RELEASE
August 21, 2017 TSX Venture: IGO
Independence Gold Commences Drilling on Boulevard, Yukon
Vancouver, BC – 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 so utheast.” 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 8 75
soil samples will be collected on the Company’s 100% owned Moosehorn, Stinger an d 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 d rains 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 t he 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 N ational 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
Suite 1020 - 625 Howe Street, Vancouver, British Columbia V6C 2T6
Telephone: 604-687-3959 Facsimile: 604-687-1448 E-Mail: [email protected]
For more information, contact:
Kendra Johnston, Interim President
T: 604-687-3959
W: www.ingold.ca
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 dril ling 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 Indep endence 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 fo rward-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.