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Independence Gold Announces Discovery of Seven Distinct Gold-Silver Targets at the Merit Property, BC
VANCOUVER, British Columbia, Nov. 04, 2019 (GLOBE NEWSWIRE) -- Independence Gold Corp. (TSX.V: IGO) ("Independence" or "the Company") is pleased to the announce
About this update from Independence Gold Corp.
[{"type":"text","content":" VANCOUVER, British Columbia, Nov. 04, 2019 (GLOBE NEWSWIRE) -- Independence Gold Corp. (TSX.V: IGO) (\"Independence\" or \"the Company\") is pleased to the announce results and findings from the summer exploration program at the Merit Property (“the Property”), located in the prospective Spences Bridge Gold Belt. Results include the discovery of seven distinct gold or gold-silver targets that appear to be connected by structures highlighted by the new, property-wide ground magnetics survey. Highlights from surface samples collected in each zone include: Zone / Target Size (m) Structural Affiliation Gold (g/t)* Silver (g/t)* Sullivan Ridge Zone 700 x 300 Sullivan Ridge Structure 9.50 341 West Discovery Hill Zone 600 x 400 Discovery Hill Structure 2.39 44.63 Central Zone 400 x 200 Plateau Break 6.71 326 South Zone 350 x 300 August Creek Structure 4.97 - Southwest Target 300 x 300 Discovery Hill Structure 5.36 26.59 East Target 150 x 100 Sullivan Ridge Structure? 1.64 - Southeast Central Target 50 x 45 Richardson Creek Structure 0.87 - *highest values Overview of Field ActivitiesComprehensive mapping of the property took place over several phases between May to October 2019 using a team from SGDS Hive Consultants. A total of 110 samples were collected from vein and country rocks exposed at surface. The best results were found in chalcedonic quartz veins with dark sulphide bands, which have been defined as belonging to a ‘low sulphidation epithermal’ style deposit. Samples from the property returned grades of up to 9.5 grams per tonne (“g/t”) gold (“Au”) and 341 g/t silver (“Ag”) and were found at several locations across the property (click here to view maps displaying results from the 2019 exploration program). A ground-based magnetic survey was also completed by DRM Exploration Services which covered the entirety of the Merit Property. This survey has been highly instructive and shows distinct corridors of low-magnetic responses that connect most of the target zones, suggesting a common fluid-delivery system and the potential for increased target sizes through future work. Sullivan Ridge ZoneThis area was the initial focus due to past discoveries that highlighted anomalous gold values across a dome-shaped hill. In 2019, 31 rock samples were collected at Sullivan Ridge and returned values from trace to 9.5 g/t Au and 341 g/t...