Independence Gold Announces New Discovery at the Larry Vein System of 19.40m Grading 5.58 g/t Gold and 73.76 g/t Silver at the 3Ts Project, BC
Rhea-AI Summary
Independence Gold Corp. (TSXV: IGO) has announced a significant discovery of high-grade gold and silver mineralization at the Larry Vein System within its 3Ts Project in central British Columbia. The project, located 185 km southwest of Prince George and 16 km southwest of Artemis Gold's Blackwater Mine, spans 8,840 hectares.
Key findings include:
- Drill hole 3TS-25-07 revealed two veins with mineralized breccia, yielding 19.40m grading 5.58 g/t gold and 73.76 g/t silver, and 15.00m grading 3.01 g/t gold and 25.20 g/t silver
- Drill hole 3TS-25-09 returned 8.0m at 5.89 g/t gold and 25.13 g/t silver
The Larry Vein, previously overlooked due to thick overburden, has an estimated strike length of 325m and remains open to expansion. The company plans to include these results in an updated resource model scheduled for Q2 2025.
Positive
- High-grade gold and silver discovery with significant intercepts (19.40m @ 5.58 g/t Au, 73.76 g/t Ag)
- Larry Vein System shows potential for resource expansion with 325m strike length
- Strategic location near Artemis Gold's Blackwater Mine
- Additional assay results pending, indicating potential for further discoveries
Negative
- Thick overburden prevents surface exposure of Larry Vein
- Resource model update not available until Q2 2025
News Market Reaction – IEGCF
In the trading session that priced this news, IEGCF gained 9.16%, reflecting a notable positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
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Vancouver, British Columbia--(Newsfile Corp. - March 26, 2025) - Independence Gold Corp. (TSXV: IGO) ("Independence Gold" or the "Company") is pleased to announce the discovery of high-grade gold and silver mineralization at the Larry Vein System at its 3Ts Project in central British Columbia. 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.
Key Highlights:
- Drill hole 3TS-25-07 intersected a system of two veins with mineralized breccia below the microdiorite sill, returning 19.40 m grading 5.58 grams per tonne ("g/t") gold and 73.76 g/t silver, and 15.00 m grading 3.01 g/t gold and 25.20 g/t silver. True widths are estimated to be 11.00 m and 8.5 m respectively with the intercept occurring 210 m east of the Tommy Vein System.
- Drill hole 3TS-25-09 returned 8.0 m at 5.89 g/t gold and 25.13 g/t silver above the microdiorite sill, with a true width of 4.75 m. This intercept was 145 m east of the Tommy Vein System.
- Compilation of historical data has provided sufficient information to directly target the Larry Vein for the first time, with the strike length estimated to be approximately 325 m remaining open to the northwest, southeast and at depth.
- Additional assay results from the Larry Vein are pending.
Potential of the Larry Vein
The Larry Vein, located east of the Tommy Vein System, was loosely defined by shallow historical drill intercepts from the 1990s to early 2000s. Due to thick overburden, no surface exposure of the Larry Vein has ever been observed. These latest drill results confirm the presence of a significant vein system, demonstrating that the Larry Vein has been largely overlooked in historical work. The high-grade gold and silver values returned from 3TS-25-09, combined with the complex veining and mineralized breccia observed in 3TS-25-07, suggest that the Larry Vein has the potential to contribute significantly to an updated resource model, planned for the second quarter of 2025.
| Drill Hole | Target | From (m) | To (m) | Interval (m) | Gold (g/t) | Silver (g/t) |
| 3TS-25-07 including and including and including and including and and and including | Larry Vein System | 179.00 | 198.40 | 19.40 | 5.58 | 73.76 |
| 182.50 | 183.00 | 0.50 | 10.88 | 108.00 | ||
| 186.24 | 190.00 | 3.76 | 14.85 | 273.40 | ||
| 193.00 | 195.00 | 2.00 | 7.33 | 25.50 | ||
| 214.00 | 229.00 | 15.00 | 3.01 | 25.20 | ||
| 227.50 | 228.00 | 0.50 | 27.24 | 38.00 | ||
| 235.00 | 237.00 | 2.00 | 2.77 | 5.00 | ||
| 251.94 | 252.91 | 0.97 | 2.80 | 39.18 | ||
| 261.26 | 268.93 | 7.76 | 3.35 | 36.77 | ||
| 261.26 | 262.00 | 0.74 | 11.85 | 20.27 | ||
| 3TS-25-09 including | Larry Vein System | 32.00 | 40.00 | 8.00 | 5.89 | 25.13 |
| 37.00 | 38.00 | 1.00 | 25.57 | 107.00 |
Table 1: Larry Vein System assay highlights
Randy Turner, President and CEO of Independence Gold, commented: "The discovery of high-grade mineralization at the Larry Vein is an exciting development for the 3Ts Project. This vein was historically ignored due to its lack of surface exposure, but the latest results demonstrate it has significant potential. We await additional assay results not only from the Larry Vein but also other targets we are currently drilling."
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-25-07 | 363940 | 5876982 | 1150 | 270 | 70 | 330 |
| 3TS-25-09 | 363770 | 5877066 | 1151 | 90 | 65 | 102 |
*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/246086