16:32:39 EDT Thu 24 Sep 2026
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Independence Gold Corp
Symbol IGO
Shares Issued 263,947,852
Close 2026-09-23 C$ 0.18
Market Cap C$ 47,510,613
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Independence Gold drills 8.03 m of 3.11 g/t Au at 3Ts

2026-09-24 14:57 ET - News Release

Mr. Randy Turner reports

INDEPENDENCE GOLD CONFIRMS BALROG VEIN AT DEPTH AND INTERCEPTS 3.11 G/T GOLD AND 48.69 G/T SILVER OVER 8.03 METRES AT THE TOMMY VEIN, 3TS PROJECT, BC

Independence Gold Corp. has released assay results from three additional drill holes completed during the 2026 winter/spring drill program at its wholly owned 3Ts gold and silver project. Situated 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 20 known mineralized veins, ranging from 50 to over 1,100 metres in strike length and true widths up to 32 metres, have been identified, 12 of which remain untested by drilling.

Highlights:

  • Hole 3TS-26-50 intersected multiple discrete gold-silver mineralized intervals below the microdiorite sill at the Balrog vein.
  • These Balrog vein results represent the first drilling beneath the microdiorite sill and validate the interpretation that the mineralized system continues at depth.
  • The Balrog vein remains open along strike and vertically, below the current drilling.
  • Shallow resource infill drilling at the Tommy vein (3TS-26-32 and 3TS-26-33) returned additional high-grade gold-silver intercepts.

Hole 3TS-26-50 represents the first test of the Balrog vein at depth beneath the microdiorite sill. The hole intersected five separate mineralized intervals between 83.20 and 110.23 metres, including 1.20 metres grading 2.24 grams per tonne gold and 21.67 grams per tonne silver. These results extend the known Balrog vein mineralization below the sill and support the interpreted vertical continuity of this vein system, which remains open at depth and along strike.

Results were also received from holes 3TS-26-32 and 3TS-26-33 at the Tommy vein. These shallow holes were completed primarily as resource infill within the upper portion of the Tommy mineralized corridor.

Randy Turner, president and chief executive officer of the company, commented: "Balrog was discovered as a blind target, and this first test beneath the microdiorite sill provides encouraging evidence that the mineralized system continues at depth. The multiple gold-silver intervals in hole 3TS-26-50 give us additional geological information to refine the orientation and geometry of the system, which remains open both along strike and vertically. The Tommy results add useful infill information within the existing resource area and provide further evidence of how the microdiorite sill locally disrupted the earlier vein system. Together, these results continue to advance our understanding of the structural controls on mineralization across the 3Ts project."

Exploration update

Plans are currently under way for a fall exploration program, which will commence within the next 10 days and will include soil geochemistry, trenching and prospecting over several new targets outlined by the 2025 airborne geophysical survey and the recently completed AI (artificial intelligence) survey. This will then be followed by a drill program expected to commence during the fourth quarter of 2026.

Analytical methods and quality assurance/quality control

All drill core was logged, photographed, cut and sampled at the company's secure core facility. Samples consist of (NQ) drill core, with one-half retained for reference material and one-half placed in sealed bags and shipped to SGS Canada Inc., an independent ISO/IEC 17025-accredited laboratory, for sample preparation and analysis. Sample preparation and all analytical work were completed at the SGS Burnaby facility.

Gold analyses were completed using a 30-gram fire assay with atomic absorption spectrometry finish (GO_FAA30V10). Multielement analyses, including silver, lead, zinc, copper and pathfinder elements, were determined by aqua regia digestion followed by ICP-AES analysis (GE_ICP21B20). Samples returning values above analytical limits are reanalyzed using appropriate overlimit methods where required.

The company's quality assurance and quality control (QA/QC) program includes the routine insertion of certified reference materials, blank samples and field duplicates into each sample batch. Internal laboratory quality control procedures, including the analysis of certified standards, blanks and duplicate samples, were also completed by SGS as part of its analytical program. Review of the QA/QC results indicates that analytical accuracy and precision are within acceptable limits, and the qualified person is satisfied that the reported assay data are suitable for disclosure.

Qualified person

The scientific and technical information contained in this news release has been reviewed and approved by Andrew Randell, PGeo, an independent consultant of the company and a qualified person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects. Mr. Randell has verified the data disclosed in this press release, including the sampling, analytical and test data underlying this information that has been collected.

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.

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