Independence GOLD Recovers up to 97.9% GOLD from 3TS Property, British Columbia
Suite 1020 - 625 Howe Street, Vancouver, British Columbia V6C 2T6
Telephone: 604-687-3959 Facsimile: 604-687-1448 E-Mail: [email protected]
NEWS RELEASE
March 4, 2021 TSX Venture: IGO
INDEPENDENCE GOLD RECOVERS UP TO 97.9% GOLD FROM 3TS PROPERTY, BRITISH COLUMBIA
Vancouver, BC – Independence Gold Corp. (TSX.V: IGO) ("Independence" or "the Company") is pleased to announce the results
from metallurgical test work completed on mineralized quartz vein material from 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.
This study was initiated to confirm the results from a previous metallurgical study conducted for Independence by SGS Canada
Inc. (see news release dated July 9th, 2013). This study used composite samples from drill core material from the Ted-Mint vein
system and subjected it to a three-stage recovery (gravity, floatation, and cyanide leaching). The 2013 study yielded 97.3% gold
recovery and 94.9% silver recovery.
Sample Selection and Preparation
Composite samples comprised of sample rejects of mineralized vein material were collected from drill core recovered during
the 2020 program. The first composite comprised material from the Tommy Vein (drill holes 3T-20-01 and 3T-20-02), and the
second composite from the Ted-Mint offset vein (drill hole 3T-20-10). These veins yie lded gold assay values up to 68.7 grams
per tonne (“g/t”) and silver assay values up 2,550 g/t from meter-scale samples (see news release dated November 4th, 2019).
Head Results
The following table summarizes the assays results for both composite samples:
Sample Screened Metallics Leco
Au g/t Ag g/t S %
Composite 1 (Tommy Vein) 4.9 34.3 0.08
Composite 2 (Ted-Mint Offset Vein) 4.2 139 0.17
The metallurgical study from 2013 returned head results 2.28 g/t gold and 66.6 g/t silver from the Ted -Mint vein, and
thereforethe 2021 results show an improvement in grade.
Gravity Separation
A single gravity separation test was completed on each composite to evaluate the potential for gravity recoverable gold and
silver using a Knelson concentrator. The initial concentrate was then further upgraded to a Mozley shaking table. The Mozley
concentrate was submitted for assaying and the tailings used for floatation testing. Gravity methods were poor in Composite
1, managing to recover 1.46% gold and 0.57% silver. Composite 2 showed improved recovery for gold with and 27.6%, but silver
recovery remained low at 3.62%.
Floatation Testwork
A single test was conducted on each of the gravity tailings to assess further recoverability of gold and silver, with the
concentrate being submitted for assaying and mineralogy. From these tailings, Composite 1 recovered 76.0% gold and 74.8%
silver remaining in the stream, while Composite 2 recovered 64.1% gold and 84.8% silver.
Cyanide Leaching
The floatation tailings were submitted for bottle roll cyanide leaching tests, lasting for 48 -hours with a pH of 10.5 to 11. Both
composites performed well and recovered additional gold in the pregnant leach solution. Composite 1 recovered 16.4% gold
and 17.1% silver from the floatation tailings, while Composite 2 recovered 6.18% gold and 7.07% silver.
Suite 1020 - 625 Howe Street, Vancouver, British Columbia V6C 2T6
Telephone: 604-687-3959 Facsimile: 604-687-1448 E-Mail: [email protected]
Overall Results
The following table summarizes the results of the metallurgical test work:
Composite 1 (Tommy Vein) Composite 2 (Ted-Mint Offset Vein)
Total Gold
Recovery
Total Silver
Recovery
Total Gold
Recovery
Total Silver
Recovery
Gravity Concentrate 1.46 % 0.57 % 27.6 % 3.62 %
Floatation Concentrate 76.0 % 74.8 % 64.1 % 84.8 %
Leach Concentrate 16.4 % 17.1 % 6.18 % 7.07 %
TOTAL RECOVERY 93.9 % 92.4 % 97.9 % 95.5 %
It is believed that recoverability could be further improved by modifying the processes and with additional mineralogical studies
to understand deportment of the gold and silver within the Tommy Vein compared to the Ted -Mint Offset Vein.
Methodology
Samples rejects were blended, crushed to minus 10 -micron mesh, and split into 2 kilogram (“kg”) and 10 kg test charges. For
each composite, a 2 kg test charge was selected at random and submitted for head chemical and screened metallics. The 2 kg
test charges were split into two, with the first half being used for gold and silver analysis by the screened metallics protocol.
The sample was stage pulverized to pass a 150 mesh screen until less than 30 grams remained in the oversize fraction. The
oversize fraction, as well as two representative cuts of the undersize, were submitted for gold and silver analysis by fire assay
to extinction. The other half of the 2 kg test charges were further riffled and around 100 g was split out, pulverized, and
submitted for a multi-elemental ICP-Scan as well as total Sulphur by Leco.
About Independence
Independence Gold Corp. (TSX.V:IGO) is a mineral exploration company listed on the TSX Venture Exchange. The Company’s
holdings range from early -stage grassroots exploration to advanced -stage resource expansion in British Columbia and Yukon.
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 & 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 object ives,
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, eve nts 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.