Independence Gold Commences Drill Program at 3Ts Project, BC

Rhea-AI Summary

Independence Gold Corp. (TSXV: IGO) (OTCQB: IEGCF) has launched a diamond drill program at its 100% owned 3Ts Project in British Columbia. The project, located 185 km southwest of Prince George and 16 km southwest of Artemis Gold's Blackwater Project, covers 8,840 hectares of low-sulphidation epithermal quartz-carbonate vein district. The program includes approximately 25 drill holes totaling minimum 7,500 m, focusing on the Ted-Mint and Tommy Vein Systems, along with the Ian, Johnny and Larry Veins. The drilling aims to expand the existing mineral resource and test mineralization at the Ootsa and Balrog targets.

Positive

• Company owns 100% of the 3Ts Project
• Extensive drilling program planned with 25 holes and 7,500m minimum
• Project contains multiple mineralized veins with strike lengths up to 1,100m
• Strategic location near Artemis Gold's Blackwater Project

Negative

• None.

Vancouver, British Columbia--(Newsfile Corp. - November 4, 2024) - Independence Gold Corp. (TSXV: IGO) (OTCQB: IEGCF) (the "Company") is pleased to announce the commencement of a diamond drill program at its 100% owned 3Ts Project, located approximately 185 kilometres ("km") southwest of Prince George, British Columbia and situated 16 km southwest of Artemis Gold Inc.'s Blackwater Project. The 3Ts Project is comprised of seventeen mineral claims covering approximately 8,840 hectares in the Nechako Plateau region of central British Columbia. The project covers a low-sulphidation epithermal quartz- carbonate vein district within which more than a dozen individual mineralized veins, ranging from 50 metres ("m") to more than 1,100 m in strike length and with true widths up to 25m have been identified.

The planned drill program will consist of approximately 25 drill holes totaling a minimum 7,500 m and will focus on the underexplored sections of the Ted-Mint and Tommy Vein Systems, especially at depth where there is the potential for high-grade intercepts which will be used to expand the existing mineral resource (see report titled "Technical Report on the Mineral Resource Estimate Update for the 3Ts Gold Project, Omineca Mining Division, British Columbia, Canada" authored by Armitage and Miller, effective August 18^th, 2022; please see news release dated August 18, 2022 for further details).

Additional drilling of the Ian, Johnny and Larry Veins will focus on testing mineralization along strike and at depth which will be incorporated into the overall project resource. The Ootsa and Balrog targets will also be a focus for this drill program, building on the geophysical and geological data that was collected during the summer 2024 exploration program.

Randy Turner, President and CEO of the Company commented "We look forward to building on the success of recent drill programs at 3Ts. With a larger and more extensive drill program planned, including deeper holes to test the major vein systems below the microdiorite sill and further testing of the newly discovered Ootsa and Balrog targets, we anticipate a very busy and exciting year ahead."

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 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 and approved 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.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.

Suite 580 – 625 Howe, Vancouver, British Columbia V6C 2T6
Telephone: 604-687-3959
Facsimile: 604-687-1448
E-Mail: info@ingold.ca

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/228686

FAQ

What is the size of Independence Gold's (IEGCF) 3Ts Project drilling program in 2024?

The drilling program consists of approximately 25 drill holes totaling a minimum of 7,500 meters.

Where is Independence Gold's (IEGCF) 3Ts Project located?

The 3Ts Project is located 185 kilometers southwest of Prince George, British Columbia, and 16 km southwest of Artemis Gold's Blackwater Project.

How many hectares does Independence Gold's (IEGCF) 3Ts Project cover?

The 3Ts Project covers approximately 8,840 hectares in the Nechako Plateau region of central British Columbia.

What are the main targets of Independence Gold's (IEGCF) 2024 drill program?

The program focuses on the Ted-Mint and Tommy Vein Systems, Ian, Johnny and Larry Veins, and the Ootsa and Balrog targets.