Independence Gold Discovers New Soil Anomalies 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
November 6, 2017 TSX Venture: IGO
Independence Gold Discovers New Soil Anomalies on Boulevard, Yukon
Vancouver, BC – Independence Gold Corp. (TSX.V: IGO) ("Independence" or "the Company") is pleased to announce the
discovery of multiple new soil anomalies and the extension of known soil anomalies on the Company’s 100% owned Boulevard
Project in the White Gold District, Yukon. The Company also completed nine diamond drill holes, totalling 977.5 metres (“m”).
Drill results are still pending.
The Boulevard Project now contains 25 distinct anomalous trends. This season Independence expanded the Denali Zone by
extending the Kahiltna trend to 1.7 kilometres (“km”) and identifying the new D3 (1.5 km) and D4 (3.3 km) trends. The Company
also identified the new Runway Zone, consisting of three trends, R1 (5.4 km), R2 (1.2 km) and R3 (2.2 km), as well as the newly
named Lewes trend (1.0 km) previously announced on August 21 st, 2017 (see Independence news release). The Company ’s
current soil trends, including those that comprise the Sunrise/Sunset Zone (which was drill tested this year), are outlined in the
figure below.
Kendra Johnston, the Company’s Interim President, stated, “ We are very pleased to have outlined so many anomalous trends
on the Boulevard Project. Over the years , we have taken great care to collect quality soil samples which we are excited to be
advancing toward drill ready targets.”
Anomalous trends on the Boulevard Project are identified by geochemical soil samples with greater than 75th percentile levels
of gold, arsenic and antimony with values ranging from below detection in all three elements to 7,010 parts per billion gold,
6,730 parts per million arsenic and 1,325 parts per million antimony. This season’s program included the collection of 2,400
soil samples, increasing the number of soil samples on the Boulevard Project to 20,330. The Company’s internal proprietary
database now contains approximately 46,500 soils samples across the White Gold District.
Suite 1020 - 625 Howe Street, Vancouver, British Columbia V6C 2T6
Telephone: 604-687-3959 Facsimile: 604-687-1448 E-Mail: [email protected]
All samples were submitted to SGS Minerals Services in Burnaby, BC for sample preparation by crushing to 75% less than 2
millimetres, creation of a 250 g split, and then pulverizing to 85% passing 75 microns. Sample pulps were submitted for gold
analysis with a 30 g fire assay and AAS finish (code GE -FAA313). Samples were also submitted for a 52 element analysis using
an aqua regia digest and ICP -AES and ICP–MS analysis (GE-ICM14B). Control samples (accredited gold standards and blanks)
were inserted into the sample sequence on a regular basis to monitor precision of results.
Corporate Update
The Company announces the granting of incentive stock options to certain directors and officers to purchase up to 200,000
common shares under the Company’s Incentive Stock Option Plan. The options w ere granted for a period of five year s
commencing on November 2, 2017, exercisable at a price of $0.20 per share.
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 National Instrument 43-101 for the White Gold District
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
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 statement s 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, pro jections 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. 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.