Independence Gold Provides Drilling Update at the 3Ts Gold and Silver Project, British Columbia
Rhea-AI Summary
Independence Gold (OTCQB: IEGCF) reports progress on a 10,000 metre 2026 drill program at the 100% owned 3Ts Gold and Silver Project in central British Columbia. As of April 30, 2026 approximately 2,500 metres (25%) have been completed across sixteen holes targeting Johnny, Ian, Larry, Tommy and Dobby veins.
The company highlights multiple veining, silicification, brecciation and stockwork intersections. Earlier MRE (effective Nov 12, 2025) shows combined indicated and inferred totals of ~5.76 million tonnes and ~585,000 AuEq ounces (table values).
AI-generated analysis. Not financial advice.
Positive
- 10,000 m planned 2026 drill program
- 2,500 m completed (approx. 25% of program)
- Drilling tested five named veins plus new anomalies
- MRE shows ~286,000 AuEq oz indicated and ~299,000 AuEq oz inferred
Negative
- All assay results are pending, no assays reported yet
- Ten known veins remain untested by drilling, leaving resource upside uncertain
- Program only 25% complete; results and resource changes still preliminary
News Market Reaction – IEGCF
On the day this news was published, IEGCF declined 1.08%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Vancouver, British Columbia--(Newsfile Corp. - April 30, 2026) - Independence Gold Corp. (TSXV: IGO) (OTCQB: IEGCF) (FSE: 625) (the "Company") is pleased to provide an update on its ongoing 2026 drill program at its
The Company announced a significant update to the mineral resource estimate ("MRE") for the 3Ts Gold and Silver Project in the fourth quarter of 2025 (see report titled "Mineral Resource Estimate Update for the 3Ts Gold and Silver Project, Omineca Mining Division, British Columbia, Canada", written by Millar and Eggers with an effective date of November 12, 2025; see news release dated November 19, 2025 for further details).
| Cut-Off* AuEq (g/t) | Type | Classification | Tonnes | Gold (g/t) | Silver (g/t) | AuEq (g/t) | Gold (Ounces) | Silver (Ounces) | AuEq (Ounces)* |
| 0.3 | In-Pit | Indicated | 2,218,000 | 3.01 | 81.94 | 4.07 | 217,000 | 5,843,000 | 290,000 |
| 2.0 | Underground | 576,000 | 3.72 | 83.87 | 4.77 | 69,000 | 1,553,000 | 88,000 | |
| TOTAL | 2,794,000 | 3.18 | 82.35 | 4.22 | 286,000 | 7,396,000 | 378,000 | ||
| 0.3 | In-Pit | Inferred | 968,000 | 2.71 | 67.80 | 3.56 | 84,000 | 2,110,000 | 111,000 |
| 2.0 | Underground | 1,994,000 | 3.35 | 75.93 | 4.30 | 215,000 | 4,868,000 | 276,000 | |
| TOTAL | 2,962,000 | 3.14 | 73.27 | 4.06 | 299,000 | 6,978,000 | 387,000 |
Table 1: 2025 In-Pit and Underground Mineral Resource Estimate
Drilling Highlights
- Approximately 2,500 metres of drilling completed to date across multiple targets
- Drilling has tested the Johnny, Ian, Larry, Tommy and Dobby veins
- Core logging and sampling are ongoing with the first core samples sent to the lab, with assays pending
Drilling Update
A 10,000 metre drill program commenced in late March 2026 and is ongoing. As of April 30, 2026, a total of approximately 2,500 metres has been completed in sixteen drill holes targeting both known vein systems and newly discovered geophysical and geochemical anomalies. The current program is designed to test extensions of known mineralized structures for resource expansion, evaluate new target areas identified through geophysics and surface work, and expanding the Company's understanding of the broader geological system. Drilling to date has intersected multiple zones of veining, alteration, and structural complexity across the Project area.
Key observations from visual core logging include:
- Ian Vein System: drilling intersected intervals of silicified quartz breccia and quartz-carbonate veining
- Larry Vein System: multiple holes encountered quartz stockwork and veining within complex volcanic and breccia sequences
- Dobby Target: drilling intersected stockwork veining, fault zones, and intrusive contacts, consistent with geophysical interpretations
- Tommy Vein System: drilling intersected zones of silicification, brecciation, and veining over broad intervals
Randy Turner, CEO, commented:
"We are pleased with the progress of the current drill program at 3Ts, with multiple targets being tested. With
All samples will continue to be submitted to independent laboratories for standard analytical testing, which will form the basis for any reported assay results.
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 for 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
Suite 580 – 625 Howe Street, Vancouver, British Columbia V6C 2T6
Telephone: 604-687-3959 Facsimile: 604-687-1448 E-Mail: info@ingold.ca
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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/295112