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Independence Gold Discovers New Major Vein System Grading 6.10 g/t Gold and 66.05 g/t Silver over 6.98 Metres at the 3Ts Project, BC
Vancouver, British Columbia--(Newsfile Corp. - July 10, 2023) - Independence Gold Corp. (TSXV: I...
About this update from Independence Gold Corp.
[{"type":"text","content":"Independence Gold Discovers New Major Vein System Grading 6.10 g/t Gold and 66.05 g/t Silver over 6.98 Metres at the 3Ts Project, BCVancouver, British Columbia--(Newsfile Corp. - July 10, 2023) - Independence Gold Corp. (TSXV: IGO) (OTCQB: IEGCF) (the \"Company\" or \"Independence\") is pleased to announce assay results from the Ian Vein discovered during the Company's recent 4,000 metre (\"m\") drill program at its 100% owned 3Ts Project. The Project is located approximately 185 kilometres (\"km\") southwest of Prince George, British Columbia and situated 16 km southwest of Artemis Gold Inc.'s Blackwater Project.The Ian Vein is located approximately 240m west of the Tommy Vein system and was previously explored by a single drill hole in 1995. This is the first major new vein discovery at 3Ts in almost 30 years. During the 2023 drill campaign three drill holes were designed to explore the extent of this vein based on field mapping and data compilation results. These holes were drilled towards the east and undercut a historical surface sample grading 11.59 grams per tonne (\"g/t\") gold and 38.6 g/t silver. Holes 3TS-23-27 and 3TS-23-28 successfully confirmed the presence of sheeted veins while 3TS-23-29 intersected the newly discovered Ian Vein which exhibits a similar width and grade to the Tommy Vein system, with an intercept of 6.98m grading 6.10 g/t gold and 66.05 g/t silver. Please refer to the website for a map showing the veins and drill hole locations.Drill HoleHost RockFrom(m)To(m)DrillIntercept(m)*Gold(g/t)Silver(g/t)Vein Type3TS-23-27Quartz Veins, Rhyolite Breccia59.8064.304.500.8116.00Ian Accessory Veinsincluding59.8060.801.001.5823.00and153.70154.000.304.10-and160.00161.001.004.5635.003TS-23-28Quartz Veins, Rhyolite Breccia27.5028.000.502.4628.00Accessory Vein3TS-23-29Quartz Veins, Rhyolite Breccia76.5283.506.986.1066.05MAIN IAN VEINincluding82.0082.500.5031.80164.00and111.50112.100.601.6226.67Ian Accessory Veinsand146.80147.500.701.57-and167.10167.750.652.25-and185.77186.450.681.50- *the true widths of the veins are approximately 85% of the reported interval width**Using a cut-off grade of 0.4 g/t gold as per the resource estimate for \"in-pit\" gradesThe drill program has defined this vein system over a 100m strike length which remains open along strike and at depth. The Ian Vein System presents as a series o...