Independence Gold Recovers Up To 99.5% Gold From Merit 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
November 28, 2019 TSX Venture: IGO
Independence Gold Recovers Up To 99.5% Gold From Merit Property, British Columbia
Vancouver, BC – Independence Gold Corp. (TSX.V: IGO) ("Independence" or "the Company") is pleased to the
announce results from an Early Stage Metallurgical Study (“ESME”) carried out on auriferous vein material collected
from the Sullivan Ridge Target at the Merit Property (“the Property”), British Columbia . The study, comprised of
two composite vein samples recovered 99.5% and 96.6% gold, respectively, through a three-stage process of gravity
separation, flotation and leaching, indicating favourable mineralogy for further exploration.
Sample Selection and Preparation
Composite samples composed of chalcedonic quartz were collected from two separate veins at the Sullivan Ridge
Target. These veins yielded gold assay values up to 9.5 grams per tonne (“g/t”) from samples collected earlier in the
season (see news release dated November 4th, 2019) and are considered representative of the Property.
Samples were submitted to SGS Labs in Burnaby for testing. They were initially crushed to 100% passing 10-micron
mesh, then each sample was blended and rotary split into two -kilogram test charges for the metallurgical testing.
A 100g sub-sample was also separated using a riffle splitter and submitted for chemical head assays including gold,
copper and total sulphur, as well as for head mineralogy study.
Head Results
The following table shows the assays results for both samples and appear to show some level of “nugget”
distribution in the samples as expected.
Sample Au (g/t) Au-Duplicate (g/t) Au Average (g/t) Ag (g/t) Cu % S %
ESME 1 0.59 0.68 0.64 145 <0.01 0.03
ESME 2 7.29 7.01 7.15 11.0 0.02 0.03
The mineralogy of the two samples were studied using QEMSCAN Particle Mineral Analysis (PMA), and indicated
the main sulphides present are pyrite and marcasite, with copper being mostly native.
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 concentrate was submitted for assaying and the tailings used for
floatation testing. Gravity methods managed to recover 50.7% gold and 66.6% silver in ESME 1, and 62.2% and
38.8% silver in ESME 2.
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, ESME 1 recovered 74.9% gol d
and 85.3% of the silver remaining in the stream. ESME 2 recovered 63.4% gold and 50.2% silver.
Suite 1020 - 625 Howe Street, Vancouver, British Columbia V6C 2T6
Telephone: 604-687-3959 Facsimile: 604-687-1448 E-Mail: [email protected]
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. ESME 1
recovered 96.3% gold from the floatation tailings, while ESME 2 recovered 75.4% gold.
Product Mineralogy
In both samples, gold occurs as either native gold or electrum. Other minerals of note include hessite (silver
telluride) and acanthite (silver sulphide).
Overall Results
The following table summarizes the results of the ESME test work. It is believed that recoverability could be further
improved by modifying the processes, but the initial high recovery amounts increase confidence in future
exploration of the multiple gold zones on the Property. It was also found that the final tailings are not acid
producing, which is key in future environmental considerations.
ESME 1 ESME 2
Total Gold
Recovery
Total Silver
Recovery
Total Gold
Recovery
Total Silver
Recovery
Gravity Concentrate 50.7 % 95.1% 62.2% 69.5% Floatation Concentrate 36.9 % 24.0%
Leach Concentrate 11.9 % n/a 10.4% n/a
TOTAL RECOVERY 99.5 % 95.1% 96.6% 69.5%
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 dril ling 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 Indep endence 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 fo rward-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.