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Independence Gold Stakes New Claims in White Gold District
VANCOUVER, British Columbia, June 08, 2017 (GLOBE NEWSWIRE) -- Independence Gold Corp. (TSX.V:IGO) ("Independence" or "the Company") is pleased to announce that
About this update from Independence Gold Corp.
[{"type":"text","content":"VANCOUVER, British Columbia, June 08, 2017 (GLOBE NEWSWIRE) -- Independence Gold Corp. (TSX.V:IGO) (\"Independence\" or \"the Company\") is pleased to announce that it has staked 4,385 hectares (ha) named the “Stinger” property, 66 kilometres (km) to the west of Dawson City, Yukon within the Sixtymile Area of the White Gold District. The Company is also pleased to announce that it has expanded the Boulevard Project to the west by approximately 1,460 ha. The Boulevard Project now consists of 958 mineral claims and 19,960 ha. Stinger Property This 4,385 ha property is located in the headwaters of the Sixtymile Placer Gold district which has produced in excess of 500,000 ounces of placer gold. The property benefits from direct road access using a logging and prospecting road network that connects with the Top of the World Highway and Dawson City, Yukon. The claims were acquired using a proprietary stream sediment dataset that outlines an area anomalous in gold, silver, lead, zinc, arsenic and antimony. The claims are located on the east side of the northeast-trending Sixtymile-Pika fault system, southwest of the Tintina Fault. Two generations of Cretaceous-aged intrusions occur within the Yukon-Tanana host rocks, and have been linked to numerous vein-style and intrusion-related mineral occurrences in the Yukon and Alaska. The Company will conduct a phase 1 ridge and spur soil sampling and prospecting program to outline anomalies that will be further tested by trenching. Boulevard Project Using the same stream sediment database, the Boulevard Project has been expanded to 19,960 ha. The additional claims cover an anomalous catchment basin that is underlain by Yukon-Tanana rocks and occurs along trend to the northwest from the 2.4 km long Sunrise-Sunset mineralized zone. The Company will include this new area in its extensive geochemical soil sampling program that is anticipated to commence mid-June. Drill testing on the Boulevard Project has outlined two areas proven to host continuous zones of gold-arsenic-antimony mineralization. The Denali Zone is identified as a 1.2 kilometre (“km”) long multi-element geochemical anomaly that has been confirmed in multiple drill holes including YCS15-03 which intersected 4.25 grams per tonne (“g/t”) gold across 6.10 m within the centre o...