Independence Gold Resumes Drilling at 3Ts Project
Independence Gold (TSXV: IGO) has resumed drilling at its 3Ts Project in British Columbia, located 185km southwest of Prince George and 16km from Artemis Gold's Blackwater Mine. The project, covering 35,486 hectares, contains nineteen mineralized veins with strike lengths up to 1,100m and widths up to 32m.
The original 10,000m drill program started in November 2024 was expanded to 13,000m due to successful results and lower costs. After a three-week pause for spring conditions, drilling resumed with 14 additional holes totaling 3,000m planned, focusing on the Johnny, Ian, and Larry vein systems. The company expects to complete drilling by mid-June 2025, with assay results following in approximately four weeks.
The updated NI 43-101 mineral resource estimate is now scheduled for Q3 2025, with ongoing metallurgical testing and mineralogical studies to enhance the deposit model.
Independence Gold (TSXV: IGO) ha ripreso le perforazioni presso il suo Progetto 3Ts in British Columbia, situato a 185 km a sud-ovest di Prince George e a 16 km dalla miniera Blackwater di Artemis Gold. Il progetto, che copre 35.486 ettari, comprende diciannove vene mineralizzate con lunghezze fino a 1.100 m e larghezze fino a 32 m.
Il programma di perforazione iniziale di 10.000 m, avviato nel novembre 2024, è stato ampliato a 13.000 m grazie ai risultati positivi e ai costi ridotti. Dopo una pausa di tre settimane dovuta alle condizioni primaverili, le perforazioni sono riprese con ulteriori 14 fori per un totale di 3.000 m previsti, concentrandosi sui sistemi di vene Johnny, Ian e Larry. La società prevede di completare le perforazioni entro metà giugno 2025, con i risultati delle analisi attesi circa quattro settimane dopo.
La stima aggiornata delle risorse minerarie secondo il NI 43-101 è ora prevista per il terzo trimestre del 2025, con test metallurgici e studi mineralogici in corso per migliorare il modello del deposito.
Independence Gold (TSXV: IGO) ha reanudado la perforación en su Proyecto 3Ts en Columbia Británica, ubicado a 185 km al suroeste de Prince George y a 16 km de la mina Blackwater de Artemis Gold. El proyecto, que abarca 35,486 hectáreas, contiene diecinueve vetas mineralizadas con longitudes de hasta 1,100 m y anchos de hasta 32 m.
El programa original de perforación de 10,000 m iniciado en noviembre de 2024 se amplió a 13,000 m debido a los resultados exitosos y menores costos. Tras una pausa de tres semanas por condiciones primaverales, la perforación se reanudó con 14 agujeros adicionales planificados, sumando 3,000 m, enfocándose en los sistemas de vetas Johnny, Ian y Larry. La compañía espera completar la perforación para mediados de junio de 2025, con los resultados de los ensayos aproximadamente cuatro semanas después.
La estimación actualizada de recursos minerales NI 43-101 está programada para el tercer trimestre de 2025, con pruebas metalúrgicas y estudios mineralógicos en curso para mejorar el modelo del depósito.
Independence Gold(TSXV: IGO)는 브리티시컬럼비아에 위치한 3Ts 프로젝트에서 시추 작업을 재개했습니다. 이 프로젝트는 프린스 조지에서 남서쪽으로 185km, Artemis Gold의 Blackwater 광산에서 16km 떨어져 있습니다. 총 35,486헥타르의 부지에 19개의 광물화 정맥이 있으며, 정맥의 길이는 최대 1,100m, 폭은 최대 32m에 달합니다.
2024년 11월에 시작된 원래 10,000m 시추 프로그램은 성공적인 결과와 비용 절감으로 인해 13,000m로 확대되었습니다. 봄철 기상 조건으로 인한 3주간의 중단 후, Johnny, Ian, Larry 정맥 시스템에 집중하여 14개의 추가 시추공, 총 3,000m를 계획하며 시추가 재개되었습니다. 회사는 2025년 6월 중순까지 시추를 완료하고 약 4주 후에 분석 결과를 받을 것으로 예상합니다.
업데이트된 NI 43-101 광물 자원 추정치는 2025년 3분기로 예정되어 있으며, 광상 모델 개선을 위한 야금학적 시험과 광물학적 연구가 진행 중입니다.
Independence Gold (TSXV : IGO) a repris le forage sur son projet 3Ts en Colombie-Britannique, situé à 185 km au sud-ouest de Prince George et à 16 km de la mine Blackwater d'Artemis Gold. Le projet, qui couvre 35 486 hectares, comprend dix-neuf veines minéralisées d'une longueur allant jusqu'à 1 100 m et d'une largeur pouvant atteindre 32 m.
Le programme de forage initial de 10 000 m, lancé en novembre 2024, a été étendu à 13 000 m en raison de résultats positifs et de coûts réduits. Après une pause de trois semaines due aux conditions printanières, le forage a repris avec 14 trous supplémentaires prévus, totalisant 3 000 m, en se concentrant sur les systèmes de veines Johnny, Ian et Larry. La société prévoit de terminer le forage d'ici la mi-juin 2025, avec les résultats des analyses environ quatre semaines plus tard.
L'estimation mise à jour des ressources minérales NI 43-101 est désormais prévue pour le troisième trimestre 2025, avec des tests métallurgiques et des études minéralogiques en cours afin d'améliorer le modèle du gisement.
Independence Gold (TSXV: IGO) hat die Bohrungen bei seinem 3Ts-Projekt in British Columbia wieder aufgenommen, das 185 km südwestlich von Prince George und 16 km von der Blackwater-Mine von Artemis Gold entfernt liegt. Das Projekt umfasst 35.486 Hektar und enthält neunzehn mineralisierte Adern mit Streichlängen von bis zu 1.100 m und Breiten von bis zu 32 m.
Das ursprünglich im November 2024 gestartete 10.000-m-Bohrprogramm wurde aufgrund erfolgreicher Ergebnisse und geringerer Kosten auf 13.000 m erweitert. Nach einer dreiwöchigen Pause wegen Frühlingsbedingungen wurden die Bohrungen mit 14 zusätzlichen Löchern, insgesamt 3.000 m, wieder aufgenommen, wobei der Fokus auf den Adernsystemen Johnny, Ian und Larry liegt. Das Unternehmen erwartet, die Bohrungen bis Mitte Juni 2025 abzuschließen, die Analyseergebnisse folgen etwa vier Wochen später.
Die aktualisierte NI 43-101-Mineralressourcenschätzung ist nun für das dritte Quartal 2025 geplant, während weiterhin metallurgische Tests und mineralogische Studien zur Verbesserung des Lagerstättenmodells durchgeführt werden.
- Drill program expanded from 10,000m to 13,000m due to successful results
- Drilling costs lower than anticipated
- Project located near Artemis Gold's Blackwater Mine, indicating promising region
- Significant vein system with 19 mineralized veins up to 1,100m in length
- Three-week delay in drilling due to spring break up conditions
- Resource estimate update delayed to Q3 2025
Vancouver, British Columbia--(Newsfile Corp. - May 14, 2025) - Independence Gold Corp. (TSXV: IGO) ("Independence" or "the Company") is pleased to announce that drilling has resumed at its 3Ts Project. 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 ("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.
This drill program commenced in November 2024, with 10,000 m originally planned. The drill program was expanded in the second quarter of 2025 to 13,000 m due to successful drill results and drill costs being lower than anticipated. Due to spring break up conditions, drilling was halted for approximately three weeks. During this period, all mineralized drill core was shipped to the lab for analysis with results pending.
Under the expanded drill program, a total of 14 additional drill holes totaling 3,000 m are planned, focusing on the Johnny, Ian, and Larry vein systems. These veins have demonstrated significant mineralization potential and are being evaluated for inclusion in the Company's upcoming updated mineral resource estimate, currently being developed by SGS Geological Services. For further details please, see news release dated August 18th, 2022; "Technical Report on the Mineral Resource Estimate Update for the 3Ts Gold Project, Omineca Mining Division, British Columbia, Canada", authored by Armitage and Miller.
"We are excited to have the drill turning again and to continue advancing the 3Ts Project," commented Randy Turner, President & CEO of Independence Gold. "This final phase of drilling will be critical to defining the potential of several new vein systems and strengthening the overall resource base at 3Ts."
Drilling is anticipated to conclude by mid-June 2025, with assay results expected approximately four weeks following. Due to the additional drilling to allow for the inclusion of new veins in the resource model, the Company now anticipates the release of the updated NI 43-101 compliant mineral resource estimate in the third quarter of 2025.
In addition to the updated resource estimate, new metallurgical testing is being conducted on the Johnny, Larry and Ian veins to quantify the recovery potential of gold and silver from the veins. Mineralogical studies, including thin sections and advanced QEMSCAN are also underway to enhance the deposit model and resource model.
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.
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/252060
FAQ
What is the current status of Independence Gold's (IEGCF) 3Ts Project drilling program?
Why did Independence Gold expand its 3Ts Project drilling program in 2025?
When will Independence Gold (IEGCF) release its updated mineral resource estimate for the 3Ts Project?
Where is Independence Gold's 3Ts Project located?
What is the size and scope of Independence Gold's 3Ts Project?
