- Independence Gold (TSXV:IGO) discovered a new vein on its 3Ts project in British Columbia, yielding a highlight of 9.10 metres at 14.70 grams per ton (g/t) gold and 36.70 g/t silver, solidifying the project’s district-scale potential.
- The junior mining company’s portfolio provides exposure to early-stage grassroots exploration and advanced-stage resource expansion in the Yukon and British Columbia.
- Independence Gold stock has added 4.17 per cent year-over-year and 13.64 per cent since 2021.
Independence Gold (TSXV:IGO) discovered a new vein on its 3Ts project in British Columbia, yielding a highlight of 9.10 metres at 14.70 grams per ton (g/t) gold and 36.70 g/t silver, solidifying the project’s district-scale potential.
The vein, subsequently named Goofy, is about 250 m west of the Ted-Mint vein system, which averages 1.86 g/t gold and 82.7 g/t silver across a strike length of more than 1,000 m at an average of about 6 m in width.
This article is a journalistic opinion piece which has been written based on independent research. It is intended to inform investors and should not be taken as a recommendation or financial advice.
The 35,486-hectare project, located about 185 km from Prince George, hosts a minimum of 20 known mineralized veins, 11 of which remains to be drill tested, and is only 16 km southwest of Artemis Gold‘s Blackwater mine, which is expected to produce 500,000-525,000 ounces of gold per year over a multi-decade mine life.
Independent discovered a similarly prospective vein system at the Balrog target just last month, intercepting 10.62 m at 2.23 g/t gold and 38.14 g/t silver only 200 m west of the Johnny vein, previously the westernmost mineralized vein on the project.
Additional drilling at the Goofy discovery and other targets across 3Ts has been completed as part of the now finalized 2026 drilling program, with assays pending. Goofy remains open both along strike and at depth.
Leadership commentary
“The discovery of the Goofy vein provides further validation of the exploration model our technical team has been developing over the past year,” Randy Turner, President and Chief Executive Officer of Independence Gold, said in Wednesday’s news release.
“Following the success of the Balrog discovery, Goofy represents another previously unknown vein system identified by targeting radial structural corridors interpreted from our geological work and supported by airborne radiometric data. While this initial intercept is an excellent result in its own right, what is particularly encouraging is the repeatability of the exploration model. Every successful discovery improves our understanding of the district and increases our confidence that additional blind vein systems remain to be discovered across the property.”
“Importantly, this is only the first drill hole result into the Goofy target, with recently completed additional drilling both along strike and beneath this intercept, and we look forward to receiving those assay results as we continue to evaluate the size, continuity and overall potential of this exciting new discovery.”
About Independence Gold
Independence Gold is a junior mining company with a portfolio spanning early-stage grassroots exploration to advanced-stage resource expansion in British Columbia and the Yukon.
Independence Gold stock (TSXV:IGO) is up by 19.05 per cent on the news, trading at C$0.12 as of 10:31 am ET. The stock has added 4.17 per cent year-over-year and 13.64 per cent since 2021.
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