Independence Gold Commences Drilling at 3Ts Project, BC
21 Mayo 2014 - 7:00AM
Marketwired
Independence Gold Commences Drilling at 3Ts Project, BC
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 21, 2014) -
Independence Gold Corp. (TSX-VENTURE:IGO) (the "Company") is
pleased to announce the commencement of a 3,500 metre (m) diamond
drilling program at its 100% owned 3Ts Project. The 3Ts Project is
located approximately 185 kilometres ("km") southwest of Prince
George, British Columbia and 20 km southwest of New Gold Inc.'s
Blackwater gold deposit. The 3Ts Project is comprised of fourteen
mineral claims covering approximately 4,934 hectares in the Nechako
Plateau region of central British Columbia. For additional
information, please visit the Company's website at
www.ingold.ca.
There is excellent potential to discover new, well-mineralized
quartz-carbonate veins within the 3Ts Project area. With that
objective, the Company designed a $900,000 drill campaign to test
previously identified targets in three highly prospective target
areas within the 3Ts property.
Ringer Target
Area
Eight samples from well-mineralized vein float boulders at the
Ringer Target averaged 19.0 g/t gold with 140 g/t silver.
Additional mineralized boulders from east and north of the Ringer
Target contain 18.0 g/t gold with 176 g/t silver, 8.2 g/t gold with
81 g/t silver and 7.0 g/t gold with 202 g/t silver. A 2003 vein
float sample from Adrian Creek, east-southeast of the Ringer
Target, assayed 89.8 g/t gold with 592 g/t silver. The area north
and east of the Ringer Target contains geochemical gold-in-till
anomalies (maximum 64 ppb) that are up to approximately 450 m
across, in addition to the well-mineralized vein float boulders.
Several linear, northerly trending ground magnetic features, that
are probably associated with fault structures, cross the Ringer
Target area. The coincidence of geochemical and geophysical
anomalies with well-mineralized vein float indicates that the
Ringer Target area has excellent potential for the discovery of new
mineralized veins. Several holes will be drilled within this target
area during the summer 2014 drilling program.
Butch Vein Target
Area
The Butch Vein Target area is located approximately 400 m west
of the central part of the Ted-Mint Vein, an area with little or no
previous drilling. Drilling will test for the bedrock source of
well-mineralized vein float boulders which assayed up to 37.0 g/t
gold with 202 g/t silver. Surface samples of vein material from
both the Butch Vein structure and the Swamp Zone (200 m east of the
Butch Vein) contain anomalous gold concentrations. Glacial tills
from the Swamp Zone contain from 7 to 34 parts per billion ("ppb")
gold, and tills from the Butch Vein area contain up to 77 ppb gold.
Drilling in this target area will also test for the presence of a
mineralized vein along a northerly trending fault structure which
was identified during 2013 geological mapping program; all of the
known mineralized veins at the 3Ts Project occur along northerly
trending faults.
South Ted Target
Area
More than 60 vein float boulders have been found between 50 to
200 m south of the Ted-Mint Vein. Drilling will test for the
bedrock source of these vein float boulders, which assay up to 7.2
g/t gold with 130 g/t silver. In addition, soils from this
boulder-rich area locally contain anomalous concentrations of gold,
up to 73 ppb.
An increased NI 43-101 compliant inferred resource estimate has
been calculated for the Tommy, Ted and Mint veins within the 3Ts
Project property. Using a 1 g/t gold cutoff grade, the total
Inferred Resource for these three veins is 5,452,000 tonnes grading
2.52 g/t gold and 71.5 g/t silver for 441,000 contained ounces of
gold and 12,540,000 contained ounces of silver (see news release
dated May 6, 2014). A NI 43-101 technical report detailing both the
updated resource estimate and the Company's recent exploration at
the 3Ts Project has been filed on SEDAR May 13, 2014; a copy of
this report has been posted on our website www.ingold.ca.
Independence Gold Corp. is a well-financed exploration company
focused mainly on gold projects in British Columbia. David Pawliuk,
P.Geo., the Company's Qualified Person, as defined by NI 43-101,
for the 3Ts Project has reviewed the technical information in this
news release.
INDEPENDENCE GOLD
CORP.
Randy Turner,
President
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.
Independence Gold Corp.Sophie
Taylor604-687-3959604-687-1448info@ingold.cawww.ingold.ca
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