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Independence Gold (IEGCF) Stock News, Jan-Sep 2024

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Independence Gold Corp. reports exploration and resource-development activity for its mineral properties in British Columbia and Yukon, led by the 100% owned 3Ts Gold and Silver Project in central British Columbia. Company updates focus on diamond drilling, exploration permits, mineral resource estimates prepared under NI 43-101 standards, and field programs using geophysics, soil geochemistry and drill-core data.

Recurring disclosures describe the 3Ts low-sulphidation epithermal quartz-carbonate vein district, including the Tommy, Ted-Mint, Larry, Johnny and Ian vein systems and the Ootsa copper-silver target. News also addresses project geology, new anomalies, mineralized vein extensions and the company's evaluation of additional gold and silver projects.

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Independence Gold Corp. (TSXV: IGO) (OTCQB: IEGCF) has announced promising assay results from its spring drill program at the 3Ts Project in British Columbia. Highlights include an intersection of 11.00 metres grading 6.14 g/t gold and 59.64 g/t silver in the Ted-Mint Vein System. The program, consisting of 22 holes totaling 5,130m, targeted various areas of the Ted-Mint and Tommy Vein Systems.

The 3Ts Project, located 185 km southwest of Prince George, covers a low-sulphidation epithermal quartz-carbonate vein district. It currently has an inferred resource estimate of 4,469,297 tonnes grading 3.64 g/t gold and 96.26 g/t silver, containing 522,330 ounces of gold and 13,831,415 ounces of silver. The company is preparing for a planned minimum 5,000m fall drill program based on data from the summer field program.

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Independence Gold Corp. (TSXV: IGO) (OTCQB: IEGCF) has announced promising drill results from the Ian Vein System at its 100% owned 3Ts Project in British Columbia. Highlights include an intersection of 26.00 metres grading 9.62 g/t gold and 65.42 g/t silver in drill hole 3TS-24-14. The Ian Vein System has now been traced laterally for approximately 160m and to 115m below surface, remaining open along strike and at depth. The spring drill program, consisting of 22 holes totaling 5,130m, was designed to test several targets and generate additional data for the current resource model. The 3Ts Project contains a total inferred resource estimate of 4,469,297 tonnes grading 3.64 g/t gold and 96.26 g/t silver, containing 522,330 ounces of gold and 13,831,415 ounces of silver.

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Independence Gold Corp. (TSXV: IGO) (OTCQB: IEGCF) has evacuated its 3Ts Project due to the Laidman Lake wildfire in British Columbia. The evacuation order was issued on July 21, 2024, by the B.C. Wildfire Service. The wildfire, currently estimated at 51 hectares, is considered out of control. All field personnel and contractors were safely evacuated from the site.

The 3Ts Project, located about 185 km southwest of Prince George, covers 8,840 hectares in the Nechako Plateau region. It is 16 km southwest of Artemis Gold's Blackwater Project and contains a low-sulphidation epithermal quartz-carbonate vein district with multiple mineralized veins. Exploration activities will resume once the BC Wildfire Service deems it safe to return.

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Independence Gold has announced significant assay results from its spring drill program at the 3Ts Project near Prince George, BC. Key findings include a 17-meter intersection grading 7.03 g/t gold and 46.18 g/t silver in the Tommy Vein system. The drill program, consisting of 22 holes totaling 5,130 meters, aims to test various targets including Ted-Mint, Tommy, Johnny, and Ian veins. Highlights also feature 5-meter grading of 11.81 g/t gold and 251.80 g/t silver. The mineralization remains open at depth, showing strong consistency in grades and widths. The in-pit and underground components of the vein systems collectively hold an inferred resource estimate of 4.47 million tonnes grading 3.64 g/t gold and 96.26 g/t silver, containing 522,330 ounces of gold and 13.83 million ounces of silver. These promising results support further exploration and resource expansion activities planned for the summer.

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Independence Gold Corp. has announced the first assay results from its spring drill program at the 3Ts Project in British Columbia. Key findings include significant gold and silver intercepts in the Ted-Mint Vein System, with highlights such as 23.00 meters grading 5.85 g/t gold and 152.70 g/t silver. The spring program included 22 drill holes totaling 5,130 meters, aimed at testing multiple targets. The company’s inferred resource estimate for the Tommy and Ted-Mint veins is 4.47 million tonnes containing 522,330 ounces of gold and 13.83 million ounces of silver. A summer exploration program is set to commence on July 2, 2024, to define new targets for a fall drill program.

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Independence Gold Corp. expands its spring drill program at the 3Ts Project in British Columbia by 1,100 meters, totaling 5,300 meters. The additional drilling aims to explore high-grade intercept targets at the Ted-Mint Vein System, potentially increasing the existing mineral resource. The project is ahead of schedule, with efficient drilling and good core recovery. No budget increase is expected for the $1.9 million project. The 3Ts Project consists of seventeen mineral claims covering 8,840 hectares in central British Columbia, hosting multiple mineralized veins.

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FAQ

What is the current stock price of Independence Gold (IEGCF)?

Independence Gold (IEGCF) last closed at $0.0856.

What is the market cap of Independence Gold (IEGCF)?

The market cap of Independence Gold (IEGCF) is approximately $22.6M.