Independence Gold Intersects Significant Gold and Silver Mineralization in the Johnny Vein System at the 3Ts Project, BC

Rhea-AI Summary

Independence Gold Corp (TSXV: IGO) (OTCQB: IEGCF) has announced significant drill results from its 3Ts Project in central British Columbia. The project, located 185km southwest of Prince George and 16km southwest of Artemis Gold's Blackwater Mine, covers approximately 8,840 hectares.

Key highlights include:

• Johnny Vein: Drill hole 3TS-25-05 yielded 4.04 g/t gold and 40.90 g/t silver over 77.00 metres (true width ~32.00m)
• Ted-Mint Vein: Drill hole 3TS-24-28 returned 5.59 g/t gold and 86.17 g/t silver over 29.51 metres (true width 15.00m)

The company has completed 8,700m of the planned 10,000m drilling program. The Johnny Vein, situated 600m west of the Tommy Vein System, has a defined strike length of 265m. Both vein systems remain open along strike and at depth. A resource update is expected in Q2 2025.

Positive

• High-grade gold-silver mineralization discovered in Johnny Vein (4.04 g/t Au, 40.90 g/t Ag over 77m)
• Significant intersection in Ted-Mint Vein (5.59 g/t Au, 86.17 g/t Ag over 29.51m)
• Drilling program 87% complete (8,700m of 10,000m)
• Both vein systems remain open for expansion
• Resource update expected in Q2 2025

Negative

• None.

Vancouver, British Columbia--(Newsfile Corp. - March 20, 2025) - Independence Gold Corp. (TSXV: IGO) (OTCQB: IEGCF) (the "Company") is pleased to announce significant drill results from the Johnny and Ted-Mint Vein Systems at the 3Ts Project located in central British Columbia, further defining a robust system of gold-silver-bearing veins. Recent drilling has intersected some of the best mineralized zones to date within the Johnny Vein System, highlighting the potential to contribute to the upcoming resource update expected in the second quarter of 2025. The 3Ts Project is located approximately 185 kilometres ("km") 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. The project is situated 16 km southwest of Artemis Gold Inc.'s Blackwater Mine and covers a low-sulphidation epithermal quartz- carbonate vein district within which nineteen individual mineralized veins, ranging from 50 m to more than 1,100 m in strike length and with true widths up to 32 m have been identified.

Highlights:

• Johnny Vein: Drill hole 3TS-25-05 returned 77.00 metres grading 4.04 g/t gold and 40.90 g/t silver, with an estimated true width of approximately 32.00 m.

• Ted-Mint Vein: Drill hole 3TS-24-28 returned 29.51m grading 5.59g/t gold and 86.17g/t silver, with an estimated true width of 15.00 metres ("m").

• Both vein systems remain open along strike and at depth, demonstrating the potential for further expansion.

• Ongoing drilling continues to test these veins and other mineralized structures, with assay results pending from SGS Canada.

Figure 1: Johnny and Ted-Mint Vein Systems 2025 Drill Collar Locations

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8610/245380_f219ae4f34c40a29_002full.jpg

The Johnny Vein, originally identified on surface in the mid-1990s, has been a focus of the Company's systematic exploration efforts over the past two years. Detailed geological modeling and drill targeting have now confirmed that the Johnny Vein is part of a series of intertwined gold-bearing quartz veins within a zone of mineralized brecciated rhyolitic country rock. The Johnny Vein indicates similarities in grade and continuity to the established Ted-Mint and Tommy Vein Systems, which form the foundation of the current 3Ts resource model (please see news release dated August 18^th, 2022 for further details; "Technical Report on the Mineral Resource Estimate Update for the 3Ts Gold Project, Omineca Mining Division, British Columbia, Canada", authored by Armitage and Miller).

Drill Hole	Target	From (m)	To (m)	Interval (m)	Gold (g/t)	Silver (g/t)
3TS-24-28 including	Ted-Mint Vein System	38.40	67.91	29.51	5.59	86.17
		38.40	49.16	10.76	14.20	151.39
3TS-25-05	Johnny Vein System	9.00	86.01	77.01	4.04	40.90
including		9.00	25.43	16.43	5.48	110.53
and including		16.88	17.94	1.06	28.57	670.75
and including		38.69	53.43	14.74	5.51	41.72
and including		65.63	66.24	0.61	8.73	42.62
and including		68.95	70.26	1.31	11.84	31.30
and including		73.46	74.00	0.54	10.81	29.63
and including		74.50	75.03	0.53	11.89	33.92
and including		81.00	81.50	0.50	17.14	86.00
and including		83.00	83.50	0.50	12.62	98.00

 

Table 1: Johnny and Ted-Mint Vein System assay highlights

The proximity of the Johnny Vein System to the existing resource model underscores its potential to add additional ounces to the upcoming mineral resource estimate. With drilling ongoing, the Company remains focused on further delineation and expansion of the known high-grade zones. The Johnny Vein is situated 600m to the west of the Tommy Vein System and has a defined strike length of approximately 265m.

"These latest results reinforce the significant upside potential at 3Ts," stated Randy Turner, President and CEO of Independence Gold. "The discovery of a broader vein system, coupled with grades comparable to our primary resource areas, strengthens our confidence in the growth potential of the Project. We look forward to continued success as drilling progresses."

Update on Program

Drilling continues at the 3Ts Project and as at time of writing has completed 8,700m of the planned 10,000m program. Samples continue to be sent to SGS Canada for analysis and results are pending.

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.

Drill Hole Location Data

Drill Hole	Easting	Northing	Elevation (m)	Azimuth	Dip	Length (m)
3TS-24-28	364960	8676838	1091	270	45	125
3TS-25-05	363044	5876910	1214	90	90	276

 

*All drill hole locations are in NAD83, Zone 10 Datum

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/245380

FAQ

What are the latest gold and silver grades from Independence Gold's (IEGCF) Johnny Vein drilling?

The Johnny Vein drill hole 3TS-25-05 returned 4.04 g/t gold and 40.90 g/t silver over 77.00 metres, with a true width of 32.00m.

When will Independence Gold (IEGCF) release its updated resource estimate for the 3Ts Project?

Independence Gold expects to release an updated resource estimate for the 3Ts Project in the second quarter of 2025.

How much of the planned drilling program has IEGCF completed at the 3Ts Project?

Independence Gold has completed 8,700 meters of the planned 10,000-meter drilling program.

What were the drill results from IEGCF's Ted-Mint Vein System?

Drill hole 3TS-24-28 in the Ted-Mint Vein returned 5.59 g/t gold and 86.17 g/t silver over 29.51 metres, with a true width of 15.00m.

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 the Blackwater Mine.