Independence Gold Discovers New Vein Target grading up to 26.75 g/t Gold and 295 g/t Silver 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 Discovers New Vein Target grading up to 26.75 g/t Gold and 295 g/t Silver
at the 3Ts Project, BC
Vancouver, B.C. (September 27, 2023 ) – Independence Gold Corp. (TSX.V: IGO)(OTCQB: IEGCF) (the
“Company” or “Independence”) is pleased to announce the discovery of a new gold and silver bearing
quartz vein 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.
The Tony Vein was discovered during a recent trenching program at Copper Knob (see Figure 1 below); a
prominent, dome-shaped feature approximately 50 metres (“m”) x 30m that sits atop of the Tommy Vein
System. A trench was excavated at the base of the feature to better expose the Tommy Vein and a series
of sheeted quartz veins. The trenching uncovered silicified rhyolite country rock hosting quartz stockwork,
some of which exhibited malachite mineralization along fractures and returned assays up to 375 parts per
million (“ppm”) copper (see Figure 3).
The Tony Vein is located on the southern flank of Copper Knob and is juxtaposed against the Tommy Vein
by a fault. Prior to trenching, a grab sample of vein quartz returned values of 11.61 g/t gold (“Au”) , 116
g/t silver (“Ag”) and 667 ppm copper. This forms a ledge exposed over a 7.75m section of the trench. Chip
samples from the top surface of the quartz ledge returned assays ranging from trace to 26.75 g/t Au and
trace to 295.0 g/t Ag. The thickness of the Tony Vein is unknown as it continued beyond the permitted
depth of trenching (1.2m depth). The Tony Vein gently dips to the southeast and has not been specifically
targeted during recent drill programs. Initial modelling of this vein projection could explain intercepts
within historic drill holes which could not be assigned to the Tommy Vein System . It is postulated that
historic drill hole 95-003 located 200m southeast intersected the Tony Vein at 38.2m depth over a 6.1m
interval which graded 12.43 g/t Au and 95.49 g/t Ag. Further work and drill testing will be required to fully
define the subsurface extent and grade potential of the Tony vein.
Trench Sample From (m) To (m) Interval (m) Gold (g/t) Silver (g/t)
Copper
Knob
Trench
D00227168 27.25 28.25 1.00 0.31 6
D00227169 28.25 29.00 0.75 26.75 295
D00227170 29.00 30.00 1.00 - 23
D00227171 30.00 31.00 1.00 2.17 34
D00227172 31.00 32.00 1.00 0.50 8
D00227173 32.00 33.00 1.00 0.86 11
D00227174 33.00 34.00 1.00 0.55 9
D00227175 34.00 35.00 1.00 0.08 -
* a total of 28 samples were collected from the Copper Knob Trench which assayed from 0.02 g/t to 0.58
g/t gold and from trace to 3 g/t silver in rhyolitic country rock. Only samples collected from the Tony Vein
are listed in the above table.
Suite 580 – 625 Howe, Vancouver, British Columbia V6C 2T6
Telephone: 604-687-3959 Facsimile: 604-687-1448 E-Mail: [email protected]
The trench at Copper Knob and the subsequent discovery of the Tony Vein is significant as it indicates the
potential of the presence of additional gold-silver quartz veins within previously explored areas.
Figure 1: Location of Copper Knob and trench in relation to the Tommy Vein system.
Figure 2: Southern flank of Copper Knob (looking north) with the Tony Vein outlined in magenta and select
interval results.
Suite 580 – 625 Howe, Vancouver, British Columbia V6C 2T6
Telephone: 604-687-3959 Facsimile: 604-687-1448 E-Mail: [email protected]
Figure 3: Example of copper mineralization (azurite) as fracture fill in quartz veins at Copper Knob.
Update on the Current Field Program
The summer exploration program commenced in mid -July 2023 and to date has included regional
prospecting and mapping, detailed soil grids, trenching and relogging of historical core. An archeological
study was completed between 18 th September and 22 nd September 2023. Further upgrades have been
made to site infrastructure ahead of a planned fall drill program.
Quality control samples (“QC samples”) are included in the sample submittals and include bl anks,
standards and duplicates independent of internal laboratory QAQC testing. Insertion rates vary for the
type of sample collected but are not less than 1 in every 40 samples. The results from the QC samples are
further analyzed by the Qualified Person to ensure integrity of the assay data.
All rock samples to date have been sent to SGS lab in Vancouver for sample preparation and analysis. Robotic
sample preparation is used to ensure reproducibility; samples are pulverized to greater than 85% passing
75 microns. All samples are submitted for four acid digest with an ICP finish. Gold grades are obtained by
fire assay with AAS finish. Samples which return greater than 10 parts per million gold and 100 parts per
million silver are resubmitted for fire assay with a gravimetric finish.
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 25m, have been identified.
Suite 580 – 625 Howe, Vancouver, British Columbia V6C 2T6
Telephone: 604-687-3959 Facsimile: 604-687-1448 E-Mail: [email protected]
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 wit h 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 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 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 th at 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 th ose
anticipated in such statem ents. 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.