Independence Gold Completes Drill Program at 3Ts Project, BC

Rhea-AI Summary

Independence Gold Corp has completed its 2024-2025 drill program at the 3Ts Project in British Columbia, located 185km southwest of Prince George and 16km from Artemis Gold's Blackwater Mine. The program completed 12,480m of drilling across multiple vein systems. Notable results include: Tommy Vein with 8.30 g/t Au and 73.23 g/t Ag over 7.47m, Johnny Vein with 4.04 g/t Au and 40.9 g/t Ag over 77m, Ted-Mint Vein with 5.59 g/t Au and 86.17 g/t Ag over 29.5m, and Larry Vein with 5.58 g/t Au and 73.76 g/t Ag. The Ootsa target drilling returned 55.74 g/t Ag and 0.95% Cu over 5.49m. The company expects to release an updated mineral resource model in Q3 2025, incorporating data from five drill programs since the last 2022 resource estimate.

Positive

• Strong drill results across multiple veins with significant gold and silver grades
• Expansion of mineralized vein portfolio with new discoveries
• Project located near established mining operation (Blackwater Mine)
• Updated mineral resource estimate expected in Q3 2025
• Comprehensive QA/QC protocols in place ensuring data quality

Negative

• None.

Vancouver, British Columbia--(Newsfile Corp. - June 16, 2025) - Independence Gold Corp. (TSXV: IGO) (OTCQB: IEGCF) ("Independence" or "the Company") is pleased to report the successful completion of its 2024-2025 drill program at the 3Ts Project. Located approximately 185 kilometres ("km") southwest of Prince George, British Columbia, the 3Ts Project is comprised of thirty-one mineral claims covering approximately 35,486 hectares ("ha") 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 from 2024-2025 Drill Program

A total of 12,480 m of drilling completed and included:

• Infill and expansion drilling on the Ted-Mint and Tommy vein systems for an upcoming mineral resource update
• Exploration and detailed drilling on the recently discovered Johnny, Larry and Ian veins, also to be included in the updated mineral resource
• Exploratory drilling on the Ootsa copper-silver target

Randy Turner, President & CEO of the Company commented, "We are very pleased with the results to date from the winter-spring drill program as we advance the Ted-Mint, Tommy, Johnny, Larry and Ian vein systems. With the expansion of our mineralized vein portfolio and pending assay results, 2025 is shaping up to be a transformational year for the project."

The drill program commenced in November 2024 and continued through the winter, concluding in early June 2025. Final analysis of samples is underway, and results are expected in the coming weeks. Highlights released to date from the drilling include:

• Tommy Vein: 3TS-24-26 returned 8.30 g/t Au and 73.23 g/t Ag over 7.47 m (true width approximately 5.77 m)
• Johnny Vein: 3TS-25-05 returned 4.04 g/t Au and 40.9 g/t Ag over 77 m (true width approximately 32 m)
• Ted-Mint Vein: 3TS-24-28 returned 5.59 g/t Au and 86.17 g/t Ag over 29.5 m (true width approximately 14.75 m)
• Larry Vein: 3TS-25-07 returned 5.58 g/t Au and 73.76 g/t Ag over 19.40 m (true width approximately 6.3 m)
• Ootsa target drilling: Hole 3TS-25-15: 5.49 m averaging 55.74 g/t Ag, 0.95% Cu, plus Pb-Zn mineralization. (true width approximately 4.45 m)

The Company anticipates an updated mineral resource model in the third quarter of 2025, strengthened by extensive infill and exploratory drilling. New drill data, combined with refined geological modelling, will underpin resource estimates for the expanded set of vein systems. The current NI 43-101 resource model was completed in 2022 and the updated resource will include data compiled over five drill programs since then (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).

QA/QC Protocols
Samples consist of saw-cut (NQ) drill core with one-half retained for reference and one-half submitted for analysis. Samples were submitted in sealed plastic bags delivered to Bandstra Transportation for shipping to SGS Natural Resources Canada (SGS) labs in Burnaby, British Columbia, for sample preparation and analysis. Robotic sample preparation is used to ensure reproducibility and samples are pulverized to greater than 85% passing 75 microns. All samples are submitted for four acid digest with an ICP finish. Gold grades are obtained by fire assay with AAS finish. Samples which return greater than 10 parts per million gold and 100 parts per million silver are resubmitted for fire assay with a gravimetric finish. Sample batches consist of core samples, control standards, blanks and duplicates. Blanks and control standards (QAQC) are inserted into each batch of samples, with one QAQC per 20 samples. QAQC samples that return values 10% outside of the expected range require samples from that internal batch to be rerun by the lab. SGS laboratories operate under a Quality Management System that complies with ISO/IEC 17025. SGS's minerals laboratory in Burnaby is accredited by the Standards Council of Canada (SCC) for specific mineral tests listed on the scope of accreditation to the ISO/IEC 17025 standard. Please see SGS Analytical Methods for further details regarding analytical procedures.

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 and who is an independent consultant of the Company, 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	Azimuth**	Dip	Total Meterage
3TS-24-28	364960	5876638	1091	270	-45	125m
3TS-25-05	363044	5876910	1214	90	-90	276m
3TS-25-07	363940	5876982	1150	270	-70	330m
3TS-25-15	365804	5877551	1160	40	-50	351m
3TS-24-26	363715	5876774	1197	2700	-65	201m

 

*All drill hole locations are in NAD83, Zone 10 Datum
** Based on true north; For magnetic declination add 17.5°

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 Street, 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/255586

FAQ

What were the key results from Independence Gold's (IEGCF) 2024-2025 drill program at 3Ts?

The program yielded significant results including 8.30 g/t Au and 73.23 g/t Ag over 7.47m at Tommy Vein, 4.04 g/t Au and 40.9 g/t Ag over 77m at Johnny Vein, and 5.59 g/t Au and 86.17 g/t Ag over 29.5m at Ted-Mint Vein.

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

Independence Gold expects to release an updated mineral resource model in the third quarter of 2025, incorporating data from five drill programs since the 2022 estimate.

Where is Independence Gold's (IEGCF) 3Ts Project located?

The 3Ts Project is located approximately 185 kilometers southwest of Prince George, British Columbia, and 16 km southwest of Artemis Gold's Blackwater Mine.

How large is Independence Gold's (IEGCF) 3Ts Project?

The 3Ts Project consists of thirty-one mineral claims covering approximately 35,486 hectares in the Nechako Plateau region of central British Columbia.

What was the scope of Independence Gold's (IEGCF) 2024-2025 drill program?

The program completed 12,480 meters of drilling, including infill and expansion drilling on Ted-Mint and Tommy vein systems, exploration of Johnny, Larry and Ian veins, and exploratory drilling on the Ootsa copper-silver target.