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Independence Gold Announces Exploration Program Update on the 3Ts Project, British Columbia
VANCOUVER, British Columbia, April 14, 2021 (GLOBE NEWSWIRE) -- Independence Gold Corp. (TSX.V: IGO) ("Independence" or "the Company") is pleased to provide an
About this update from Independence Gold Corp.
[{"type":"text","content":" VANCOUVER, British Columbia, April 14, 2021 (GLOBE NEWSWIRE) -- Independence Gold Corp. (TSX.V: IGO) (\"Independence\" or \"the Company\") is pleased to provide an update on the 3Ts Project (the “Property”), including assay results from the first drill hole of a 4,500 metre (\"m\") winter diamond drilling program, a re-analysis of drill hole 3T-20-06 (drilled in 2020) to identify other potential elements of interest, and plans for a detailed geophysical survey to be carried out over the Property. The 2021 winter drill program was designed to test significant gaps within the historical drilling of the Tommy and Ted-Mint vein systems, both along strike and at depth, as well as previously untested targets. Drill hole 3T-21-01 was designed to test the Ted-Mint Offset Vein below the microdiorite sill, and highlights include: Drill Hole From (m) To (m) Drill Intercept (m) Au (g/t) Ag (g/t) 3T-21-01 293.35 307.00 13.65 5.07 258.10 Including 293.35 299.2 5.85 8.60 577.62 Upon further review of previous drill results, the Company re-analyzed data from the 2020 drill program in order to identify other elements of economic interest, notably copper (“Cu”), lead (“Pb”), molybdenum (“Mo”) and zinc (“Zn”). Drill hole 3T-20-06 was selected as it was one of the deepest holes drilled to date and reached a depth of approximately 150 m below the microdiorite sill. Highlights from the analysis include: Drill Hole From (m) To (m) Drill Intercept (m) Cu* (%) Mo (ppm) Pb(ppm) Zn*(%) 3T-20-06 401 409 8 0.07 56.75 818.75 0.44 Including 404 406 2 0.15 140.67 583.33 1.01 Including 404 407 3 0.21 209.00 852.50 0.92 Including 403 406 3 0.16 145.00 2,095.33 0.69 *Results for copper and zinc were reported in parts per million by the assaying lab and have been converted to a percentage using 1% = 10,000 ppm Several other deep drillholes from the 2020 drill program, as well as earlier programs, will also be selected to identify and re-analyzed for these elements of interest. Based on alteration studies, geochemistry and geological work the Company has identified the potential for a porphyritic system underlying the 3Ts Property. The Company has entered into a contract with Dias Geophysical to carry out a program of deep 3D IP and resistivity surveying, and a magnetic tellurics (“MT”) survey with the DIAS32 system, which will commence during the thir...