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Independence Gold Intersects 15.78 Metres Grading 2.26 g/t Gold and 150.76 g/t Silver from the Ted-Mint Vein System at the 3Ts Project, BC
Vancouver, British Columbia--(Newsfile Corp. - July 7, 2022) - Independence Gold Corp. (TSXV:...
About this update from Independence Gold Corp.
[{"type":"text","content":"Independence Gold Intersects 15.78 Metres Grading 2.26 g/t Gold and 150.76 g/t Silver from the Ted-Mint Vein System at the 3Ts Project, BCVancouver, British Columbia--(Newsfile Corp. - July 7, 2022) - Independence Gold Corp. (TSXV: IGO) (OTCQB: IEGCF) (the \"Company\") is pleased to announce the final assay results from its 4,200 metre (\"m\") winter 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 winter drill program was designed to infill significant gaps within historical drilling of the Tommy and Ted-Mint vein systems, but also test new targets identified during the 2021 exploration and geophysical programs. Core samples were also collected over a broader range of host rocks to test for the potential of lower grade mineralization occurring around the veins. A National Instrument 43-101 compliant inferred resource estimate has been calculated for the Tommy and Ted-Mint vein systems, using a 1 gram per tonne (\"g/t\") gold (\"Au\") cut-off grade, with the total inferred resource for these vein systems of 5,452,000 tonnes grading 2.52 g/t Au and 71.5 g/t silver (\"Ag\") for 441,000 contained ounces of Au and 12,540,000 contained ounces of Ag (authored by Allan Armitage Ph.D., P.Geo, 2014 - see news release dated May 6, 2014). All data from this drill program and those since 2014 (10,997 m) will be included in an updated resource estimate expected during the summer of 2022. Drill holes 3TS-22-06, 3TS-22-07, 3TS-22-08, 3TS-22-09, and 3TS-22-10 all targeted the Ted-Mint vein system, an area with several large north striking epithermal quartz veins that have been identified on surface over 900 m in strike length by 175 m wide, and which remains open in all directions and at depth. These holes were also designed to test potential geochemical zonation of the epithermal deposit as per standardized models, as it is hypothesized that the Ted-Mint vein system is hosted in an upthrown block of country rock in relation to the Tommy vein system to the west. The upthrown block of country rock brings the base metal horizon consisting of elevated copper (\"Cu\"), lead (\"Pb\") and zinc (\"Zn\") closer to the surface and therefore within the drill hole intercepts. Drill holes 3TS-22-...