Independence Gold Provides an Update on the Winter Drill Program at the 3Ts Project, BC
Rhea-AI Summary
Independence Gold Corp (TSXV: IGO) (OTCQB: IEGCF) has provided an update on its winter drilling program at the 3Ts Project in 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 across seventeen mineral claims.
To date, twelve drill holes totaling 3,222m have been completed, with ten holes focusing on the Ted-Mint and Tommy vein systems for resource model updates. Two additional holes tested the Ian vein system's depth continuation and initiated exploration of the Alf veins. The project contains over nineteen mineralized veins, ranging from 50m to 1,100m in strike length with true widths up to 25m.
The drill core has been sent to SGS Labs for analysis. Operations will resume in early January 2025 as part of an expanded 10,000m drill program scheduled through spring 2025.
Positive
- Expanded drilling program of 10,000m planned through spring 2025
- Project contains 19+ mineralized veins with significant strike lengths up to 1,100m
- Strategic location near Artemis Gold's Blackwater Mine
- 100% ownership of the project
Negative
- None.
News Market Reaction – IEGCF
On the day this news was published, IEGCF declined 5.21%, reflecting a notable negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Vancouver, British Columbia--(Newsfile Corp. - December 18, 2024) - Independence Gold Corp. (TSXV: IGO) (OTCQB: IEGCF) (the "Company" or "Independence") is pleased to provide an update on the winter drilling program currently underway at its
To date, twelve drill holes have been completed for a total of 3,222m. Ten of the drill holes have focused on the Ted-Mint and Tommy vein systems to obtain additional information for an updated resource model. The remaining two holes included the testing of the continuation of the Ian vein system at depth, and the first exploration drilling of the Alf veins.
Drill core from the completed drill holes has been logged and sent to SGS Labs for analysis. The exploration camp is currently under care and maintenance for the holiday break and operations will resume in early January 2025 with the expanded 10,000m drill program. The drill program is scheduled to run through the winter and into spring 2025.
Please refer to the website for a map showing the veins and sample locations.
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/234244