Independence GOLD Intercepts High-Grade GOLD at Larry Vein and Expands Mineralization at Multiple Targets Across 3TS Project, BC
Suite 580 – 625 Howe Street, Vancouver, British Columbia V6C 2T6
Telephone: 604-687-3959 Facsimile: 604-687-1448 E-Mail: [email protected]
NEWS RELEASE
INDEPENDENCE GOLD INTERCEPTS HIGH-GRADE GOLD AT LARRY VEIN AND EXPANDS
MINERALIZATION AT MULTIPLE TARGETS ACROSS 3TS PROJECT, BC
Vancouver, BC – (April 16, 2025) – Independence Gold Corp. (TSXV: IGO) ("Independence" or "the
Company") is pleased to announce assay results from the winter drill program at its 100% -owned 3Ts
Project, located in central British Columbia. Drilling continues to confirm the high -grade nature of the
Larry Vein System and expand known mineralization across multiple target areas, including a new
discovery at the Daisy target and deeper intercepts in the Ted-Mint Vein System. The 3Ts Project is located
approximately 185 kilometres (“km”) southwes t of Prince George, British Columbia and is comprised of
thirty-one mineral claims covering approximately 35,486 hectares (“ha”) in the Nechako Plateau region of
central British Columbia. The project is situated 16 km southwest of Artemis Gold Inc.’s Blackwater Mine
and covers a low-sulphidation epithermal quartz- carbonate vein district within which nineteen individual
mineralized veins, ranging from 50 m to more than 1,100 m in strike length and with true widths up to 32
m have been identified.
Figure 1: 3TS-25-10 and 3TS-25-13 Drill Collar Locations
Suite 580 – 625 Howe Street, Vancouver, British Columbia V6C 2T6
Telephone: 604-687-3959 Facsimile: 604-687-1448 E-Mail: [email protected]
High-Grade Gold Intercept at Larry Vein System
Drill hole 3TS-25-10 targeted the Larry Vein System (approximately 145 metres (“m”) east of the Tommy
Vein System) and intersected a mineralized zone grading 5.95 grams per tonne (“g/t”) gold and 23.09 g/t
silver over 7.45m, including a high-grade interval of 1.86m grading 20.48 g/t gold and 80.11 g/t silver. This
intercept was approximately 25m below the vein interval discovered in 3TS -25-09 and was designed to
test for down -dip mineralization potential ( see news release dated March 26, 2025 ). These results
continue to demonstrate the potential of the Larry Vein to host high -grade, vein-hosted gold and silver
mineralization near surface and at depth , and the potential of being included in the updated resource
model (please see news release dated August 18 th, 2022 for further details; “Technical Report on the
Mineral Resource Estimate Update for the 3Ts Gold Project, Omineca Mining Division, British Columbia,
Canada”, authored by Armitage and Miller).
New Vein Discovery at Daisy Target and Deeper Ted-Mint Intercepts
Hole 3TS -25-13 tested the Daisy target area 230m east of the southern Ted-Mint Vein System and
intersected previously unknown mineralized structures (see Table 1 below). Highlight intercepts from the
Daisy veins include 2.85 m grading 4.60 g/t gold and 94.74 g/t silver . These veins are interpreted as
tensional offshoots located in the hanging wall of arcuate fault systems, reinforcing the Company’s
structural model developed from earlier discoveries at the Tommy, Ian, Johnny, and Larry Vein Systems.
Veins associated with the Daisy Vein System can be traced on surface for 565m and are open along strike
and at depth.
Hole 3TS-25-13 also intersected the Ted-Mint Vein at depth within a transitional zone between epithermal
precious metals and deeper base metal mineralization. At a depth of 464.21 metres, the Ted -Mint Vein
returned 3.54 metres grading 2.67 g/t gold and 26.55 g/t silver, immediately transitioning into a brecciated
zone with base metal enrichment, including 5.25 metres with 0.12% lead and 0.20% zinc and anomalous
copper up to 771 ppm. These results confirm the classic zonation pattern expected in low -sulphidation
epithermal systems and will assist in defining the vertical and lateral extent of the Ted-Mint Vein System.
Drill Hole Target From
(m)
To
(m)
Interval
(m)
Gold
(g/t)
Silver
(g/t)
Lead
(%)
Zinc
(%)
3TS-25-10
including
Larry Vein
System
32.64 40.09 7.45 5.95 23.09
34.00 35.86 1.86 20.48 80.11
3TS-25-13
and
including
and
and
and
and
Daisy Vein
System
130.06 132.91 2.85 4.60 94.74
131.50 132.00 0.50 14.82 280.00
Ted-Mint
Vein System
446.00 447.00 1.00 0.2 16.00
455.21 457.21 2.00 2.66 17.00
464.21 467.75 3.54 2.67 25.66
467.75 473.00 5.25 - - 0.12 0.20
Table 1: Highlighted intercepts for drillholes 3TS-25-10 and 3TS-25-13
“The winter drill program continues to return excellent results and demonstrate s the scale of the 3Ts
system,” said Randy Turner, President and CEO of Independence Gold. “High-grade intercepts at Larry, a
new discovery at Daisy, and base metal transition zones at depth in Ted -Mint are all validating our
exploration model and setting the stage for resource growth and future development plans.”
About Independence
Independence Gold Corp. is a well -financed 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 possib le acquisition. For
Suite 580 – 625 Howe Street, Vancouver, British Columbia V6C 2T6
Telephone: 604-687-3959 Facsimile: 604-687-1448 E-Mail: [email protected]
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 and
who is an independent consultant for the Company, 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.
Drill Hole Location Data
Drill Hole Target Zone Easting Northing Elevation Azimuth Dip Total Meterage
3TS-25-10 Larry 363770 5877066 1151 90 50 102
3TS-25-13 Ted-Mint 365100 5876523 1111 265 60 534
*All drill hole locations are in NAD83, Zone 10 Datum
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 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.sedarplus.ca. 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.