Independence Gold Commences Fall Exploration 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 Fall Exploration at the 3Ts Project, BC
Vancouver, B.C. (October 25, 2022) – Independence Gold Corp. (TSX.V: IGO)(OTCQB: IEGCF) (the
“Company”) is pleased to announce the commencement of a fall exploration program at its 100% owned
3Ts Project, located approximately 185 kilometres (“km”) southwest of Prince George, British Columbia
and situated 16 km southwest of Artemis Gold Inc.’s Blackwater Project.
A National Instrument 43 -101 compliant inferred resource estimate was recently updated on the 3Ts
Project by SGS Geological Services to incorporate recent drill results from 2020-2022. The combined in -
pit and underground components of the Tommy and Ted -Mint vein systems contain a total inferred
resource estimate of 4,470,000 tonnes grading 3.64 grams per tonne (“g/t”) gold and 96.26 g/t silver, at a
cut off grade of 0.4 g/t gold equivalent (“AuEq”) in-pit and 2.0 g/t AuEq underground, containing 522,000
ounces of gold and 13,800,000 ounces of silver (report effective date of August 18, 2022 and authored by
Armitage and Millar of SGS Geological Services; please see news release dated August 18, 2022 for further
details).
Exploration will focus on surface mapping and sampling between the Ted-Mint and Tommy Vein Systems
to better understand the structural and mineral potential of the target area, and to provide essential data
to aid with future drill programs. Historic sampling carried out between 1994 and 2019 on 160 quartz vein
samples within this target area returned up to 89.9 g/t gold and 1,350 g/t silver. This target area is 1,000
metres (“m”) by 850 m and is split into two structural blocks by a northeast trending fault. The wes tern
block is referred to as the “Barney” target, and the eastern block as the “Butch” target. Historic drilling
within these blocks has been extremely limited, with only 12 holes drilled totalling 1,539 m that targeted
these veins.
Mapping and sampling at the eastern end of the property of additional target areas identified by the 2021
geophysical survey is also planned in order to establish a similar structural and mineralization
understanding. These target areas have produced results from vein samples u p to 39.8 g/t gold and 554
g/t silver representing significant targets for future drilling. Samples will be submitted for assaying to SGS
Labs in Burnaby, B.C. for analysis and results are anticipated in December 2022.
The 3Ts Project is comprised of fif teen 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 fro m 50 m
to more than 900 m and true widths up to 20 m, have been identified.
Suite 580 – 625 Howe, Vancouver, British Columbia V6C 2T6
Telephone: 604-687-3959 Facsimile: 604-687-1448 E-Mail: [email protected]
Figure 1: Map showing the Barney and Butch Target Zones in relation to the Tommy and Ted-Mint Vein Systems.
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 positioned 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.
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 reade rs are cautioned that such statements may not be
Suite 580 – 625 Howe, Vancouver, British Columbia V6C 2T6
Telephone: 604-687-3959 Facsimile: 604-687-1448 E-Mail: [email protected]
appropriate for other purposes. By its nature, this information is subject to inherent risks and uncertainties that may be ge neral
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 ide ntified 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, event s 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 th ose
anticipated in such statements. Independence dis claims 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.