Mr. Randy Turner reports
INDEPENDENCE GOLD INTERSECTS 52.46 METRES GRADING 2.51 G/T GOLD AND 19.73 G/T SILVER IN THE JOHNNY VEIN AT THE 3TS PROJECT, BC
Independence Gold Corp. has released assay results from three additional diamond drill holes completed at the Johnny vein system at the 3Ts project located in central British Columbia. These results further confirm the continuity and high-grade nature of the Johnny vein system and expand the known footprint of mineralization. Located approximately 185 kilometres southwest of Prince George, B.C., the 3Ts project comprises 31 mineral claims covering approximately 35,486 hectares in the Nechako plateau region. The project lies 16 kilometres southwest of Artemis Gold Inc.'s Blackwater mine and hosts a low-sulphidation epithermal quartz-carbonate vein district within which at least 19 known mineralized veins, ranging from 50 to over 1,100 metres in strike length and true widths of up to 32 metres have been identified.
Highlights from diamond drilling include:
- Hole 3TS-25-31 intersected a broad zone of mineralization grading 2.51 grams per tonne gold and 19.73 grams per tonne silver over 52.46 metres (true width approximately 32 metres), including:
- 2.32 metres grading 9.83 grams per tonne gold and 28.02 grams per tonne silver;
- 2.90 metres grading 7.16 grams per tonne gold and 63.10 grams per tonne silver;
- 1.14 metres grading 18.46 grams per tonne gold and 33.33 grams per tonne silver.
- Hole 3TS-25-29 returned 7.94 metres grading 2.65 grams per tonne gold and 10.71 grams per tonne silver (true width approximately 7.46 metres), including 1.94 metres of 7.53 grams per tonne gold and 32.47 grams per tonne silver.
- Hole 3TS-25-30 returned 5.90 metres of 1.86 grams per tonne gold and 17.29 grams per tonne silver (true width approximately 5.54 metres), including 0.72 metre of 4.00 grams per tonne gold and 26.39 grams per tonne silver.
"These results further validate the Johnny vein system as a high-grade, laterally extensive target with strong potential for resource expansion," stated Randy Turner, president and chief executive officer of Independence Gold. "We are particularly excited by the width and grade intersected in hole 3TS-25-31, which demonstrates consistent mineralization over more than 30 metres of true width and includes multiple zones of exceptional gold and silver values."
The Johnny vein system is one of several epithermal quartz-carbonate veins being explored at the 3Ts project and appears to comprise several intertwining veins with mineralized breccias that produce wide zones of mineralization. The primary vein set is interpreted to have a true thickness of approximately 32 metres; however, including adjacent mineralized breccias and minor veins, the total mineralized width may extend up to 47.5 metres true width. The Johnny vein indicates similarities in grade and continuity to the established Ted-Mint and Tommy vein systems, which form the foundation of the current 3Ts resource model (please see news release dated Aug. 18, 2022, for further details, "Technical Report on the Mineral Resource Estimate Update for the 3Ts Gold Project, Omineca Mining Division, British Columbia, Canada," written by Armitage and Miller). The combined in-pit and underground components of the Tommy and Ted-Mint vein systems contain a total inferred resource estimate of 4,469,297 tonnes grading 3.64 grams per tonne gold and 96.26 grams per tonne silver, at a cut off grade of 0.4 gram per tonne gold equivalent in pit and 2.0 grams per tonne gold equivalent underground, containing 522,330 ounces of gold and 13,831,415 ounces of silver, totalling 678,156 gold equivalent ounces. Drill results from the Johnny vein system will be incorporated in the updated National Instrument 43-101 mineral resource anticipated to be completed in the third quarter of 2025.
Quality assurance/quality control (QA/QC) protocols
Samples consist of saw-cut (NQ) drill core, with one-half retained for reference and one-half submitted for analysis. Samples were submitted in sealed plastic bags delivered to Bandstra Transportation for shipping to SGS Natural Resources Canada (SGS) labs in Burnaby, B.C., for sample preparation and analysis. Robotic sample preparation is used to ensure reproducibility and samples are pulverized to greater than 85 per cent passing 75 microns. All samples are submitted for four-acid digest with an ICP finish. Gold grades are obtained by fire assay with AAS finish. Samples that return greater than 10 parts per million gold and 100 parts per million silver are resubmitted for fire assay with a gravimetric finish. Sample batches consist of core samples, control standards, blanks and duplicates. Blanks and control standards (QA/QC) are inserted into each batch of samples, with one QA/QC per 20 samples. QA/QC samples that return values 10 per cent outside of the expected range require samples from that internal batch to be rerun by the lab. SGS laboratories operate under a quality management system that complies with ISO/IEC 17025. SGS's minerals laboratory in Burnaby is accredited by the Standards Council of Canada (SCC) for specific mineral tests listed on the scope of accreditation to the ISO/IEC 17025 standard. Please see SGS's analytical methods for further details regarding analytical procedures.
About Independence Gold Corp.
Independence Gold 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.
Andy Randell, PGeo, 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.
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