- Independence Gold (TSXV:IGO) has discovered a new gold and silver bearing quartz vein at its 3Ts Project in British Columbia
- The Tony Vein has not been specifically targeted during recent drill programs and its thickness is unknown, as it continued beyond the permitted depth of trenching (1.2 metre depth)
- The trench at Copper Knob and the discovery of the Tony Vein is significant as it indicates the potential of the presence of additional gold-silver quartz veins within areas that had been explored
- Independence Gold Corp. opened trading at $0.140 per share
Independence Gold (TSXV:IGO) has discovered a new gold and silver bearing quartz vein at its 3Ts Project in British Columbia.
The Tony Vein was discovered during a recent trenching program at Copper Knob, a prominent, dome-shaped feature 50 metres by 30 metres in size that sits on top of the Tommy Vein System. A trench was excavated at the base of the feature to better expose the Tommy Vein and a series of sheeted quartz veins. The trenching uncovered silicified rhyolite country rock hosting quartz stockwork, some of which exhibited malachite mineralization along fractures and returned assays up to 375 parts per million (ppm) copper (Cu).
Prior to trenching, a grab sample of vein quartz returned values of 11.61 g/t gold (Au), 116 g/t silver (Ag) and 667 ppm copper.
The Tony Vein has not been specifically targeted during recent drill programs and its thickness is unknown, as it continued beyond the permitted depth of trenching (1.2 metre depth).
The team stated that trench at Copper Knob and the discovery of the Tony Vein is significant as it indicates the potential of the presence of additional gold-silver quartz veins within areas that had been explored.
| Trench | Sample | From (m) | To (m) | Interval (m) | Gold (g/t) | Silver (g/t) |
| Copper
Knob Trench |
D00227168 | 27.25 | 28.25 | 1.00 | 0.31 | 6 |
| D00227169 | 28.25 | 29.00 | 0.75 | 26.75 | 295 | |
| D00227170 | 29.00 | 30.00 | 1.00 | – | 23 | |
| D00227171 | 30.00 | 31.00 | 1.00 | 2.17 | 34 | |
| D00227172 | 31.00 | 32.00 | 1.00 | 0.50 | 8 | |
| D00227173 | 32.00 | 33.00 | 1.00 | 0.86 | 11 | |
| D00227174 | 33.00 | 34.00 | 1.00 | 0.55 | 9 | |
| D00227175 | 34.00 | 35.00 | 1.00 | 0.08 | – |
This past summer, the company began an exploration program at the project that included regional prospecting and mapping, detailed soil grids, trenching, and relogging of historical core.
Independence Gold Corp. is a mineral exploration company with holdings ranging from early-stage grassroots exploration to advanced-stage resource expansion in British Columbia and Yukon.
Independence Gold Corp. opened trading at $0.140 per share, and its shares have risen nearly 170 per cent since this time last year.
Join the discussion: Find out what everybody’s saying about this stock on the Independence Gold Corp. Bullboard and check out the rest of Stockhouse’s stock forums and message boards.
The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
