Independence Gold Intersects 26.70 Metres Grading 8.00 g/t Gold and 49.48 g/t Silver from the Ted-Mint Vein System 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 Intersects 26.70 Metres Grading 8.00 g/t Gold and 49.48 g/t Silver from
the Ted-Mint Vein System at the 3Ts Project, BC
Vancouver, B.C. (June 15, 2022) – Independence Gold Corp. (TSX.V: IGO)(OTCQB: IEGCF) (the “Company”)
is pleased to announce additional assay results from its 4,200 metre (“m”) winter drill program at its 100%
owned 3Ts Project, located approximately 185 kilometres (“km”) southwest of P rince George, British
Columbia and situated 20 km southwest of Artemis Gold Inc.’s Blackwater Project.
The winter drill program was designed to infill significant gaps within historical drilling of the Tommy and
Ted-Mint vein systems, but also test new targets identified during the 2021 exploration and geophysical
programs. Core samples were also collected over a broader range of host rocks to test for the potential of
lower grade mineralization occurring around the veins. Please refer to the website for a map showing the
veins and drill hole locations.
A National Instrument 43 -101 compliant inferred resource estimate has been calculated for the Tommy
and Ted -Mint vein systems, using a 1 gram per tonne ("g/t") gold ("Au" ) cut-off grade, with the total
inferred resource for these vein systems of 5,452,000 tonnes grading 2.52 g/t Au and 71.5 g/t silver ("Ag")
for 441,000 contained ounces of Au and 12,540,000 contained ounces of Ag (authored by Allan Armitage
Ph.D., P.Geo, 2014 - see news release dated May 6, 2014). All data from this drill program and those since
2014 (10,997 m) will be included in this update expected during the summer of 2022.
Drill holes 3TS -22-01, 3TS -22-02, 3TS-22-03, 3TS -22-04, and 3TS -22-05 all targeted the Ted-Mint vein
system, an area with several large north striking epithermal quartz veins that have been identified on
surface over a 900 m strike length by 175 m width and that remains open in all directions and at depth.
These holes were also designed to test potential geochemical zonation of the epithermal deposit as per
standardized models, as it is hypothesized that the Ted-Mint vein system is hosted in an upthrown block
of country rock in relation to the Tommy vein system to the west. This brings the base metal horizon
consisting of elevated copper (“Cu”), lead (“Pb”) and zinc (“Zn”) closer to the surface and therefore within
the drill hole intercepts.
Drill holes 3TS -22-01, 3TS-22-02, 3TS-22-03 and 3TS -22-05 all returned precious metal values as well as
some anomalous base metal values. It is worth noting that the Au and Ag intervals sit within or overlap
the base metal horizons., therefore, presentation of results is split into two tables below. Drill hole 3TS-
22-04 returned no significant assays as the predicted vein intercept was replaced by a series of later non-
mineralized dykes which have been observed before, but their distribution has not been modelled.
Suite 580 – 625 Howe, Vancouver, British Columbia V6C 2T6
Telephone: 604-687-3959 Facsimile: 604-687-1448 E-Mail: [email protected]
TABLE 1 PRECIOUS METAL RESULTS (Au, Ag)
Drill Hole Host Rock From
(m)
To
(m)
Drill
Intercept
(m)*
Gold
(g/t)
Silver
(g/t)
3TS-22-01
Quartz Veins
and Stockwork
Rhyolite
48.71 51.82 3.11 0.64 2.89
and 149.30 176.00 26.70 8.00 49.48
including 155.00 158.00 3.00 47.70 383.30
and including 159.50 162.20 2.70 21.80 22.59
and 215.10 235.56 19.70 2.89 89.03
including 215.10 217.00 1.90 14.90 316.32
and including 227.75 229.75 2.00 5.50 68.00
3TS-22-02 Stockwork Zone
in Rhyolite
25.20 25.50 0.30 6.17 1,766.67
and 56.30 58.15 1.85 2.25 43.78
and 67.95 68.78 0.83 9.06 39.76
3TS-22-03 Stockwork Zone
in Rhyolite,
Veins
14.48 14.83 0.35 1.52 400.00
and 56.60 58.73 1.77 1.23 35.02
and 80.60 86.40 5.80 5.97 49.66
including 82.87 85.40 2.53 13.31 88.10
3TS-22-04 Stockwork in
Rhyolite NO SIGNIFICANT RESULTS
3TS-22-05 Quartz Vein 261.84 266.00 4.16 3.82 52.88
including 262.34 263.34 1.00 13.22 202.00
TABLE 2 BASE METAL RESULTS (Cu, Pb, Zn)
Drill Hole From
(m)
To
(m)
Drill
Intercept
(m)*
Copper
(%)**
Lead
(%) **
Zinc
(%) **
3TS-22-01 148.60 149.60 1.00 0.48 - 0.82
and 207.50 221.00 13.95 - - 2.2
and 214.68 221.00 6.32 - 3.11 -
and 215.60 221.00 5.40 0.33 - -
3TS-22-02 47.80 49.90 2.10 - 0.47 0.60
3TS-22-03 14.48 14.83 0.35 0.10 1.20 2.30
and 73.40 74.45 1.05 - 1.90 2.92
3TS-22-04 NO SIGNIFICANT RESULTS
3TS-22-05 246.15 273.2 27.05 - - 0.16
* The true widths of the veins are approximately 85% of the reported interval width
** intervals showing no results were either below detection limits or not considered to be economically
anomalous.
The remaining seven drill holes are currently being analyzed and results are pending. These include five
further holes testing the Ted-Mint vein system, and two drill holes into the “Balrog” geophysical anomaly
identified in 2021. All core samples have been sent to SGS lab in Vancouver for sample prep and
processing. Robotic sample prepara tion is used to ensure reproducibility; samples are pulverized to
greater than 85% passing 75 microns. All samples are submitted for four acid digestion with an ICP finish.
Gold grades are obtained by fire assay with AAS finish. Samples which return greate r than 50 parts per
million silver are resubmitted for fire assay with a gravimetric finish.
Suite 580 – 625 Howe, Vancouver, British Columbia V6C 2T6
Telephone: 604-687-3959 Facsimile: 604-687-1448 E-Mail: [email protected]
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 an epithermal quartz -
carbonate vein system within which more than a dozen individual mineralized veins, ranging from 50 m
to more than 900 m and true widths up to 25 m.
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 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.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 accura te 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.