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Independence Gold (TSXV:IGO) provides update on exploration at the 3Ts Property

Mining
TSXV:IGO
03 June 2021 11:15 (EDT)

Independence Gold (IGO) has received assay results from the second drill hole in its winter diamond drill program at the 3Ts Project in British Columbia.

The 2021 winter drill program was designed to test significant gaps within the historical drilling of the Tommy and Ted-Mint vein systems, as well as previously untested targets.

Drill hole 3T-21-08 targeted the Tommy Vein at depth below the microdiorite sill, intersecting a zone of brecciated quartz-carbonate at 238.20 m.

Assay results from the drill hole returned the following results:

  • 45 g/t gold and 29.36 g/t silver over 37 metres at a depth of 239 metres;
  • 39 g/t gold and 114.82 g/t silver over 8.3 metres at a depth of 243 metres;
  • 00 g/t gold and 34.83 g/t silver over 3.7 metres at a depth of 245.6 metres; and
  • 83 g/t gold and 383.06 g/t silver over 1.7 metres at a depth of 245.6 metres.

The company also completed a geophysical survey on the property. The aim of the survey was to obtain imagery of the geology beneath the microdiorite sill.

Preliminary results of the survey are encouraging and show new, previously undiscovered vein systems. The final report for this survey should be completed and received in the coming weeks.

Independence Gold Corp. is a mineral exploration company whose holdings range from early-stage grassroots exploration to advanced-stage resource expansion in British Columbia and the Yukon.

The 3Ts Property is located approximately 185 kilometres southwest of Prince George, BC and 20 kilometres southwest of Artemis Gold’s Blackwater Gold Deposit.

Independence Gold Corp. (IGO) is up 3.45 per cent on the day, trading at $0.15 per share as of 9:30 am ET.

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