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Independence Gold Intersects 26.70 Metres Grading 8.00 g/t Gold and 49.48 g/t Silver from the Ted-Mint Vein System at the 3Ts Project, BC
Vancouver, British Columbia--(Newsfile Corp. - June 15, 2022) - Independence Gold Corp. (TSXV...
About this update from Independence Gold Corp.
[{"type":"text","content":"Independence Gold Intersects 26.70 Metres Grading 8.00 g/t Gold and 49.48 g/t Silver from the Ted-Mint Vein System at the 3Ts Project, BCVancouver, British Columbia--(Newsfile Corp. - June 15, 2022) - Independence Gold Corp. (TSXV: IGO) (OTCQB: IEGCF) (the \"Company\") is pleased to announce additional 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 20 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. Please refer to the website for a map showing the veins and drill hole locations.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 this update expected during the summer of 2022. Drill holes 3TS-22-01, 3TS-22-02, 3TS-22-03, 3TS-22-04, and 3TS-22-05 all targeted the Ted-Mint vein system, an area with several large north striking epithermal quartz veins that have been identified on surface over a 900 m strike length by 175 m width and that 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. This brings the base metal horizon consisting of elevated copper (\"Cu\"), lead (\"Pb\") and zinc (\"Zn\") closer to the surface and therefore within the drill hol...