Independence Gold Expands Winter Drill Program to 13,000 Metres
Rhea-AI Summary
Independence Gold Corp. (TSXV: IGO) has expanded its winter drill program at the 3Ts Project from 10,000 metres to 13,000 metres due to ongoing success. The project, located 185 kilometers southwest of Prince George, British Columbia, spans approximately 35,486 hectares across thirty-one mineral claims in the Nechako Plateau region.
The property, situated 16 km southwest of Artemis Gold's Blackwater Mine, features a low-sulphidation epithermal quartz-carbonate vein district containing nineteen mineralized veins. These veins range from 50m to over 1,100m in strike length, with true widths up to 32m.
The company has already completed about 10,000m of diamond drilling across multiple targets, including the newly discovered Johnny and Larry Veins, along with resource drilling on the Tommy and Ted-Mint Vein Systems. The program expansion will enable additional follow-up drilling on key mineralized zones identified, with assay results pending.
Positive
- Expansion of drill program by 3,000 additional metres indicates successful exploration results
- Discovery of new veins (Johnny and Larry Veins) demonstrates exploration potential
- Strategic location 16km from Artemis Gold's Blackwater Mine
- Significant vein system with 19 mineralized veins identified
Negative
- Assay results still pending, creating uncertainty about mineralization grades
News Market Reaction – IEGCF
On the day this news was published, IEGCF gained 2.39%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Vancouver, British Columbia--(Newsfile Corp. - April 10, 2025) - Independence Gold Corp. (TSXV: IGO) ("Independence Gold" or the "Company") is pleased to announce due to the ongoing success of the winter drill program, it has expanded the planned drill meterage from 10,000 metres ("m") to approximately 13,000 m. The 3Ts Project is located approximately 185 kilometres ("km") southwest of Prince George, British Columbia, and is comprised of thirty-one mineral claims covering approximately 35,486 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.
The Company has completed approximately 10,000 m of diamond drilling in the winter drill program across multiple targets at the 3Ts Project, including the discovery of the Johnny and Larry Veins (see news releases dated March 20, 2025, and March 26, 2025), as well as resource drilling on the Tommy and Ted-Mint Vein Systems (please see news release dated August 18th, 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). The expanded program allows for additional follow-up drilling on key mineralized zones identified to date with assay results pending.
"Expanding the program is a reflection of both the geological potential we are seeing and the efficient management of our exploration budget," commented Randy Turner, President and CEO of Independence Gold. "With this added meterage, we are in a strong position to advance priority targets and deliver meaningful results to our shareholders."
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.
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/248038