Independence Gold Evacuates the 3Ts Project Due to BC Wildfires

Rhea-AI Summary

Independence Gold Corp. (TSXV: IGO) (OTCQB: IEGCF) has evacuated its 3Ts Project due to the Laidman Lake wildfire in British Columbia. The evacuation order was issued on July 21, 2024, by the B.C. Wildfire Service. The wildfire, currently estimated at 51 hectares, is considered out of control. All field personnel and contractors were safely evacuated from the site.

The 3Ts Project, located about 185 km southwest of Prince George, covers 8,840 hectares in the Nechako Plateau region. It is 16 km southwest of Artemis Gold's Blackwater Project and contains a low-sulphidation epithermal quartz-carbonate vein district with multiple mineralized veins. Exploration activities will resume once the BC Wildfire Service deems it safe to return.

Positive

• Successful evacuation of all personnel and contractors from the 3Ts Project site
• 3Ts Project covers a significant area of 8,840 hectares with multiple mineralized veins
• Strategic location near Artemis Gold's Blackwater Project

Negative

• Temporary halt of exploration activities due to wildfire evacuation
• Potential delay in project timeline due to unforeseen natural disaster

Vancouver, British Columbia--(Newsfile Corp. - July 22, 2024) - Independence Gold Corp. (TSXV: IGO) (OTCQB: IEGCF) (the "Company" or "Independence") has evacuated the 3Ts Project due to the close proximity to the Laidman Lake wildfire.

The Company received notice from the B.C. Wildfire Service on Sunday, July 21^st, 2024, that the 3Ts Project was within the evacuation order for the Laidman Lake wildfire, which is currently estimated to be 51 hectares in size and considered out of control. All field personnel and contractors were successfully evacuated from the project site.

Randy Turner, President & CEO of the Company commented, "Our priority was ensuring that everyone was able to make it safely off-site at 3Ts, which I am happy to report was successful, due to the diligence of our project manager. Our thoughts are with the communities who remain affected by the wildfires and the hard-working firefighters who are battling the fires. Exploration at 3Ts will recommence once it is safe to return to site at the direction of the BC Wildfire Service."

The 3Ts Project is located approximately 185 kilometres southwest of Prince George, British Columbia and is comprised of seventeen mineral claims covering approximately 8,840 hectares in the Nechako Plateau region of central British Columbia. It is situated 16 km southwest of Artemis Gold Inc.'s Blackwater Project and covers a low-sulphidation epithermal quartz- carbonate vein district within which more than a dozen individual mineralized veins, ranging from 50 metres to more than 1,100 m in strike length, with true widths up to 25m, 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 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/217293

FAQ

Why did Independence Gold Corp (IEGCF) evacuate the 3Ts Project on July 21, 2024?

Independence Gold Corp evacuated the 3Ts Project on July 21, 2024, due to an evacuation order issued by the B.C. Wildfire Service in response to the nearby Laidman Lake wildfire, which was estimated at 51 hectares and considered out of control.

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

The 3Ts Project is located approximately 185 kilometres southwest of Prince George, British Columbia, covering 8,840 hectares in the Nechako Plateau region of central British Columbia.

What type of mineral deposits does Independence Gold (IEGCF) explore at the 3Ts Project?

Independence Gold explores a low-sulphidation epithermal quartz-carbonate vein district at the 3Ts Project, with more than a dozen individual mineralized veins identified, ranging from 50 metres to over 1,100 m in strike length and up to 25m in true width.

When will Independence Gold (IEGCF) resume exploration at the 3Ts Project following the wildfire evacuation?

Independence Gold will resume exploration at the 3Ts Project once the BC Wildfire Service determines it is safe to return to the site. No specific date has been provided yet.