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Independence Gold Discovers Second Major New Vein System Grading 2.54 g/t Gold and 17.54 g/t Silver over 16.08 Metres at the 3Ts Project, BC
Vancouver, British Columbia--(Newsfile Corp. - July 25, 2023) - Independence Gold Corp. (TSXV: I...
About this update from Independence Gold Corp.
[{"type":"text","content":"Independence Gold Discovers Second Major New Vein System Grading 2.54 g/t Gold and 17.54 g/t Silver over 16.08 Metres at the 3Ts Project, BCVancouver, British Columbia--(Newsfile Corp. - July 25, 2023) - Independence Gold Corp. (TSXV: IGO) (OTCQB: IEGCF) (the \"Company\" or \"Independence\") is pleased to announce assay results from the Johnny Vein System discovered during the recent 4,000 metre (\"m\") drill program, 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 Johnny Vein System is located approximately 575m west of the Tommy Vein System and 335m west of the newly discovered Ian Vein System (see news release dated July 10, 2023). This is the second new vein system to be discovered during the 2023 drilling campaign and represents a significant step out to the west from the Tommy Vein System. Anomalous quartz vein samples collected in 1996 yielded grades up to 10.2 grams per tonne (\"g/t\") gold and 28.2 g/t silver but no further exploration has been undertaken in this area since then. During the 2023 drill campaign, two drill holes were designed to explore the extent of the Johnny Vein based on these historical results. Hole 3TS-23-31 was drilled 45m west of the vein sample and intersected the new Johnny Vein cutting 16.08m grading 2.54 g/t gold and 17.54 g/t silver. The second hole, 3TS-23-30, was drilled 25m to the southeast and intersected highly altered country rock at 89.0m depth before terminating at 98.0m. The Johnny Vein is the widest vein discovered to date in comparison to other known veins within the 3Ts Project and remains open at depth and along strike. Multiple gold and silver quartz-bearing veins within an area greater than 1.1 km east-west and 1.1 km north-south have been discovered.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-23-31Quartz Veins, Rhyolite Breccia60.9277.0016.082.5417.54JOHNNY VEINincluding65.0066.001.0015.01106.00 *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\" gradesIndependence President & CEO Randy Turne...