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Independence Gold Discovers New Vein Target Grading up to 26.75 g/t Gold and 295 g/t Silver at the 3Ts Project, BC
Vancouver, British Columbia--(Newsfile Corp. - September 27, 2023) - Independence Gold Corp. (TS...
About this update from Independence Gold Corp.
[{"type":"text","content":"Independence Gold Discovers New Vein Target Grading up to 26.75 g/t Gold and 295 g/t Silver at the 3Ts Project, BCVancouver, British Columbia--(Newsfile Corp. - September 27, 2023) - Independence Gold Corp. (TSXV: IGO) (OTCQB: IEGCF) (the \"Company\" or \"Independence\") is pleased to announce the discovery of a new gold and silver bearing quartz vein at its 100% owned 3Ts Project, located approximately 185 kilometres (\"km\") southwest of Prince George, British Columbia and situated 16 km southwest of Artemis Gold Inc.'s Blackwater Project.The Tony Vein was discovered during a recent trenching program at Copper Knob (see Figure 1 below); a prominent, dome-shaped feature approximately 50 metres (\"m\") x 30m that sits atop of the Tommy Vein System. A trench was excavated at the base of the feature to better expose the Tommy Vein and a series of sheeted quartz veins. The trenching uncovered silicified rhyolite country rock hosting quartz stockwork, some of which exhibited malachite mineralization along fractures and returned assays up to 375 parts per million (\"ppm\") copper (see Figure 3). The Tony Vein is located on the southern flank of Copper Knob and is juxtaposed against the Tommy Vein by a fault. Prior to trenching, a grab sample of vein quartz returned values of 11.61 g/t gold (\"Au\"), 116 g/t silver (\"Ag\") and 667 ppm copper. This forms a ledge exposed over a 7.75m section of the trench. Chip samples from the top surface of the quartz ledge returned assays ranging from trace to 26.75 g/t Au and trace to 295.0 g/t Ag. The thickness of the Tony Vein is unknown as it continued beyond the permitted depth of trenching (1.2m depth). The Tony Vein gently dips to the southeast and has not been specifically targeted during recent drill programs. Initial modelling of this vein projection could explain intercepts within historic drill holes which could not be assigned to the Tommy Vein System. It is postulated that historic drill hole 95-003 located 200m southeast intersected the Tony Vein at 38.2m depth over a 6.1m interval which graded 12.43 g/t Au and 95.49 g/t Ag. Further work and drill testing will be required to fully define the subsurface extent and grade potential of the Tony vein. TrenchSampleFrom (m)To (m)Interval (m)Gold (g/t)Silver (g/t)Copper Knob TrenchD0022716827.2528.251.000.316D0022716928.2529.000.7526.75295D00...