Independence Gold Commences Spring Drill Program at 3Ts Project, BC

Rhea-AI Summary

Independence Gold Corp. (IEGCF) announces the commencement of a diamond drill program at its 3Ts Project in British Columbia. The program aims to expand the existing mineral resource through high-grade intercepts and geophysical target testing, with a budget of $1.9 million. The project covers a significant area with multiple mineralized veins, showcasing potential for future growth.

Vancouver, British Columbia--(Newsfile Corp. - March 19, 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 spring drill program will consist of approximately 20 planned drill holes totaling a minimum 4,200 metres ("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 that 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).

The drill budget will also allow for the testing of several geophysical targets located 400m west of the Tommy Vein, collectively known as the "Balrog" anomaly, and further testing of the Johnny and Ian veins and the Ootsa copper-silver target. The estimated budget for the spring drill program is $1.9 million.

The 3Ts Project is comprised of seventeen mineral claims covering approximately 8,840 hectares in the Nechako Plateau region of central British Columbia. The 3Ts Project covers a low-sulphidation epithermal quartz-carbonate vein district within which more than a dozen individual mineralized veins, ranging from 50 m to more than 1,100 m in length and true widths up to 25 m, have been identified.

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

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

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 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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/202170

FAQ

What project is Independence Gold Corp. (IEGCF) commencing a diamond drill program on?

Independence Gold Corp. (IEGCF) is starting a diamond drill program at its 3Ts Project in British Columbia.

Where is the 3Ts Project located?

The 3Ts Project is situated approximately 185 kilometers southwest of Prince George, British Columbia.

What is the focus of the spring drill program at the 3Ts Project?

The spring drill program will focus on underexplored sections of the Ted-Mint and Tommy Vein Systems, aiming to expand the existing mineral resource through high-grade intercepts.

What is the estimated budget for the spring drill program?

The estimated budget for the spring drill program at the 3Ts Project is $1.9 million.

How many drill holes are planned for the spring program at the 3Ts Project?

Approximately 20 planned drill holes totaling a minimum of 4,200 meters are scheduled for the spring program at the 3Ts Project.