Independence Gold Intersects 30.10 Metres Grading 4.99 g/t Gold and 53.3 g/t Silver from the Tommy Vein 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 30.10 Metres Grading 4.99 g/t Gold and 53.3 g/t Silver from the
Tommy Vein at the 3Ts Project, BC
Vancouver, B.C. (June 6, 2022) – Independence Gold Corp. (TSX.V: IGO)(OTCQB: IEGCF) (the “Company”)
is pleased to announce the first assay results from its 4,200 metre (“m”) winter drill program, (completed
in April 2022) at its 100% owned 3Ts Project, located approximately 185 kilometres (“km”) southwest of
Prince 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 collected over a broader range of host rocks to test for the potential of
lower grade mineralization occurring around the veins. A National Instrument 43-101 compliant inferred
resource estimate has been calculated for the Tommy and Ted-Mint Veins, using a 1 gram per tonne ("g/t")
gold ("Au") cutoff grade, with the total inferred resource for these three veins 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 (see news release dated May 6, 2014). All data from this drill program and those since 2014 will be
included in a resource update expected during the summer of 2022.
Drill holes 3TS-22-11, 3TS-22-12, 3TS-22-13, 3TS-22-16, and 3TS-22-17 all targeted the Tommy veins, an
area with several large north-south striking epithermal quartz veins that have been identified on surface
over a 900 m strike length by 300 m width and remains open in all directions, including at depth. The first
three holes ( 3TS-22-11 to 3TS -22-13) were designed to test the core of the system , mineralization
occurring in the veins and stockwork zones , as well as testing for mineralization continuing below the
microdiorite sill that bisects the veins. Holes 3TS-22-16 and 3TS-22-17 were significant step out holes 275
m south from the first three, designed to test the potential southerly extent of the Tommy veins. Hole
3TS-22-17 did not intercept any mineralization, which could indicate a southern structural boundary of
the Tommy veins. Please refer to the website for a map showing the veins and drill hole locations.
Drill Hole Host Rock From
(m)
To
(m)
Drill
Intercept
(m)
Gold
(g/t)
Silver
(g/t)
3TS-22-11
Quartz Veins
and Stockwork
Rhyolite
31.00 32.00 1.0 2.28 35.0
and 46.00 59.75 13.75 0.65 7.41
and 68.15 98.25 30.10 4.99 53.50
including 81.80 90.20 8.40 13.72 141.90
and including 92.25 96.25 4.00 6.28 70.30
and 239.10 270.80 31.70 4.65 28.60
including 240.90 246.90 6.00 18.37 116.67
and including 265.30 267.13 1.83 5.88 28.96
3TS-22-12* 132.71 139.60 6.89 12.64 95.21
including 136.19 137.80 1.61 26.66 214.91
Suite 580 – 625 Howe, Vancouver, British Columbia V6C 2T6
Telephone: 604-687-3959 Facsimile: 604-687-1448 E-Mail: [email protected]
Drill Hole Host Rock From
(m)
To
(m)
Drill
Intercept
(m)
Gold
(g/t)
Silver
(g/t)
and Quartz Veins
and Mafic
Dyke
146.58 151.58 5.10 15.58 54.70
including 146.88 148.88 2.00 31.73 122.50
3TS-22-13 Stockwork
Zone in
Rhyolite
33.50 34.50 1.00 1.67 8.00
and 64.55 65.25 0.70 1.39 14.29
and 109.80 112.00 2.20 0.61 9.09
3TS-22-16 Stockwork in
Rhyolite, Veins
159.00 165.12 6.12 2.25 29.90
including 163.00 164.20 1.20 5.58 40.83
3TS-22-17 Stockwork
Rhyolite NO SIGNIFICANT RESULTS
*3TS-22-12 also intercepted 4.88 m with 4.47% lead and 2.38% zinc (between 145 and 149.88 m).
** The true widths of the veins are approximately 85% of the reported interval width.
The remaining drill holes are currently being analyzed and results are pending. All core samples have been
sent to SGS lab in Vancouver for sample prep and processing. 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 50 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 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, have been identified.
Property Update
The Company has terminated the option agreement with Almadex Minerals Ltd. for the Merit and
Nicoamen properties.
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
Suite 580 – 625 Howe, Vancouver, British Columbia V6C 2T6
Telephone: 604-687-3959 Facsimile: 604-687-1448 E-Mail: [email protected]
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.