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Independence Gold Announces Discovery of Several New Gold Zones at the Nicoamen Property, BC
VANCOUVER, British Columbia, Nov. 14, 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. 14, 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 Nicoamen Property (“the Property”), located in the prospective Spences Bridge Gold Belt. Results include the discovery of four distinct gold targets that host gold mineralization in chalcedonic quartz veins. Highlights from each zone include: Zone / Target Size (m) Notes Gold (g/t) * Zak 235 x 100 Several parallel chalcedonic quartz veins 3.91 Zak East - Single vein discovered at target site 4.46 Nicoamen River 100 x 50 Cluster of chalcedonic veins 1.44 North Zone - Single quartz vein specimen 0.67 *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 41 samples were collected from vein and country rocks exposed at surface. Samples with gold (“Au”) values greater than 0.5 grams per tonne (“g/t”) were all derived from chalcedonic quartz veins with dark sulphide bands, which have been defined as belonging to a ‘low sulphidation epithermal’ style deposit. The veins are found cross-cutting volcanic rocks of the Lower Cretaceous Spences Bridge Group and the later Eocene Kamloops Group. Samples collected from the Property returned grades of up to 4.46 g/t Au and were found at several locations across the property. A ground-based magnetic survey was also completed by DRM Exploration Services which covered the central area of the property. Results indicate an arcuate feature striking northwest to southeast and likely represents the faulted, unconformable contact between the Permo-Triassic Mount Lytton intrusive complex to the south and the Lower Cretaceous volcanics to the north. The quartz veins located in the four zones strike parallel to this contact zone, and either occur as singular veins (i.e. Zak East) or multiple parallel veins (i.e. Zak). It is believed that additional veins are present in these areas but are obscured by overburden, therefore each target remains open. Zak ZoneThe Zak Zone consists of several parallel-striking veins within volcanic rocks and granodioritic dykes. Each vein exhibits dark sulphide bands within chalcedonic quartz, a classic low-sulp...