Independence Gold Corp. · TSXV:IGO
Independence Gold — Investor Presentation (July 2021)
46 slides from Independence Gold's investor presentation, July 2021
Slide 1: Investor Presentation
Investor Presentation INGOLD July 2021
Slide 2: Forward-looking information and US investor advisory
Certain of the statements made and information contained herein is "forward-looking information" within the meaning of the British Columbia Securities Act. This includes statements concerning the Company's plans at its mineral properties, which involve known and unknown risks, uncertainties and othe
Slide 3: Share Structure
Share Structure* Shares Outstanding ~84.7 Million Fully Diluted ~108.8 Million Cash ~$2.4 Million Market ~$11.0 Million Capitalization Share Price $0.13 Share Price (annual) $0.035-$0.225 *Approximate as of March 31, 2021 Financings Share Issuance Proceeds June 2016 10,884,880 FT Ownership $1.96 M N
Slide 4: Management and Directors
Randy Turner, PGeo – President & CEO, Director Michael McPhie, MSc, QEP – Director Mr. Turner is a Professional Geologist with over 50 years of experience in Canadian and Mr. McPhie is a senior mining executive with more than 25 years of operational, international exploration, business & financing.
Slide 5: Project overview: Boulevard, 3Ts, Spences Bridge
BOULEVARD PROJECT | 100% Interest DAWSON CITY • Advanced exploration project in the White Gold Area, Yukon • Located 135 km south of Dawson City, 35 km south of the Golden Saddle Project and contiguous to the Coffee Project (Newmont Corporation) YT • Significant drill intercepts include 26.27 g/t go
Slide 6: 3Ts location near Blackwater
Prince George Artemis Gold Resource: 0.69M oz Artemis Gold Au and 39.4 M oz Ag Reserve: 8.2M oz Au and 60.8M oz Ag Capoose Blackwater IGO 3Ts Resource: 0.4M oz Au and 12.5M oz Ag 100% owned, 15 claims covering ~5,200 ha in the Nechako Plateau Region, Central BC 16 parallel mineralized quartz-carbona
Slide 7: 3Ts Work Summary
3Ts Work Summary Diamond Drilling 249 Holes, 50,500 m Trenching 45 trenches, 2,060m Ground Geophysics 471 line km Airborne Geophysics 286 line km Soil Sampling 2,844 Rock Sampling 2,130 6
Slide 8: Comparative Geology (Blackwater)
COMPARATIVE GEOLOGY (BLACKWATER) a) 3 uw z z ° = mi rey a w rey and Schroeter, 1997 INGOLD.CA | TSX.V: IGO
Slide 9: 3Ts Geology
31s GEOLOGY \WA INDEPENDENCE av GOLD CORP a) 4 uw a] zn ° i mi re) a J a 3Ts Property: Quartz-Carbonate Veins NADB3 UTM Zone 10N (Over 375 Property Geclogy INGOLD.CA | TSX.V: IGO
Slide 10: Veins discovered, strike length and drilling
Strike Length Date Resource Veins Surface Width Open Discovered Drilled Calculated Map Johnny Vein 1996 >280m >100m 0.25 to 5.0m Yes No Billy Vein 1994 ~40m N/A 0.4 to 1.0m Yes No Ian Vein 1994 >560m N/A ~1.0m Yes No Tommy Vein 1994 >1km >1km 1.4 to 8.3m Yes Partial, Above Sill Only Bobby Vein 1994
Slide 11: Current Inferred Resource Estimate
Current Inferred Resource Estimate: Year Vein Gold Cut- Tonnes Gold Grade Silver Grade Gold Silver NI 43-101 Includes Completed off Ounces Ounces Compliant? Below Sill 2012 Tommy Vein 1 g/t 1,490,000 4.25 g/t 41.92 g/t 204,000 2,009,000 Yes No 2014 Ted Vein 1 g/t 2,942,000 1.64 g/t 94.68 g/t 155,000
Slide 12: Metallurgical recoveries, Tommy and Ted-Mint veins
Composite 1 Composite 2 Tommy Vein Ted-Mint Offset Vein Total Gold Recovery Total Silver Recovery Total Gold Recovery Total Silver Recovery Gravity Concentrate 1.46% 0.57% 27.6% 3.62% Floatation Concentrate 76.0% 74.8% 64.1% 84.8% Leach Concentrate 16.4% 17.1% 6.18% 7.07% Total Recovery 93.9% 92.4%
Slide 13: 2021 winter drilling program completed
A ~4,500m winter drilling program was completed in April 2021, which was planned to test the Ted-Mint Vein System and the Tommy Vein System, both above and below the Microdiorite sill. Following the winter drill program, a geophysical survey was conducted in May by Dias Geophysical, with line-cuttin
Slide 14: Tommy and Ted-Mint vein highlights
Tommy Vein Highlights: • 3T-21-08: 2.45g/t Au and 29.36g/t Ag over 37.0m, including 9.39g/t Au and 114g/t Ag over 8.3m. • 3T-21-10: 3.9g/t Au and 28.11 g/t Ag over 4.8m, including 6.48g/t Au and 30.00g/t Ag over 0.75m, also including 12.01g/t Au and 92.0g/t Ag over 1.0m. Ted-Mint Vein Highlights: •
Slide 15: Drillhole 3T-20-10: Gold
DRILLHOLE 31-20-10: GOLD INDEPENDENCE, aoe Au Assay, 3T-20-10 TT12207.2. : 1TT12-064 37-2010 Lith ology - Model MDIO. im RQEP Hi Ted-Mint Lith ology - Drillhole| | CAS T 364750 T T 364850 364950 Location: W: 364738, 5876775 E: 365038, 5876775 Seale: 1:4,500 Vertical exaggeration: 1x om 100m Le | TSX
Slide 16: Drillhole 3T-20-10: Silver
DRILLHOLE 31-20-10: SILVER INDEPENDENCE, aoe Ag Assay, 3T-20-10 TT12207.2. : 1TT12-064 37-2010 Lith ology - Model MDIO. im RQEP Hi Ted-Mint Lith ology - Drillhole| | CAS T 364750 T T 364850 364950 Location: W: 364738, 5876775 E: 365038, 5876775 Seale: 1:4,500 Vertical exaggeration: 1x om 100m Le | T
Slide 17: Ted-Mint Vein core intervals
TED-MINT VEIN 58.0 to 59.0 m grading 46.45 g/t Au and 2,550 g/t Ag over 1 metre Image displayed is a representative interval from 58.4 to 58.7 m TED-MINT VEIN 112.01 to 113.0 m grading 42.47 g/t Au and 332 g/t Ag over 1 metre Image displayed is a representative interval from 112.5 to 112.9 m 16
Slide 18: Drillhole 3T-21-12: Gold
DRILLHOLE 31-21-12: GOLD Au Assay, 3T-21-12 W 1712-070: iTT12-071 = a Y = z =| < a z Lithology - Model a 1050m " wE/ ea 2 5 ea, 9 Matas Hi cas T T 364750 364850 364950 Scale: 1:4,500 nm cental - - Eocation: lv ertical exaggeration: 1x Including jon 78 8 | maar 6 . Including 850 86.0 za ‘2127 200 W:
Slide 19: Drillhole 3T-21-12: Silver
DRILLHOLE 31-21-12: SILVER Ag Assay, 3T -21-12 W 1712-070: iTT12-071 =| m Y = z s < = Zz Lithology - Model wove reste T 364850 364950 Scale: 1:4,500 ‘a ing central Bo ie 2 EA oe Tocation: Vertical exaggeration: 1x Ineluding 850 86.0 za ‘2127 200 W: 364738, 5876880 om 100m ict, —-Minceastvein (02 ae
Slide 20: Ted-Mint Vein core intervals
TED-MINT VEIN 75.0 to 76.0 m grading 1.36 g/t Au and 66.0 g/t Ag over 1 metre Image displayed is a representative interval from 75.7 to 75.9 m TED-MINT VEIN 78.95 to 79.75 m grading 24.27 g/t Au and 161.0 g/t Ag over 0.8 metres Image displayed is a representative interval from 79.3 to 79.7 m 19
Slide 21: Drillhole 3T-21-14: Gold
DRILLHOLE 31-21-14: GOLD © secon X sarees sini Soe Sass W: 364738, 5876900 E: 365038, 5876900 Au Assay, 3T-21-14 1150m 4 wes 080 ,| | E Et 920817113 -078 Lithology - Model [ria O74 |TT12-069 [] moi a 3T-21-14 - : 0 Wo [FJ Mint_central 1os0m 4] | LS . H Mint_East \ | . Ey vit west 1 [_] Rare 950m Lit
Slide 22: Drillhole 3T-21-14: Silver
DRILLHOLE 31-21-14: SILVER = a Y = z =| < a z Ag Assay, 3T-21-14 1150m wes 080 ,| | E (oor - T'T13-0811T13-078 Lithology - Model XK tae temious [T12-071 TT12-069 MDIO Ik smn IT1 3-0 " sianaa | = j ; o Wo [Dy Mint_central silt a. w>A == 55 \ Mint_East ane 1050m 4 | lL a |_| \ | Ey vit west im RQEP 95
Slide 23: Ted-Mint Vein core intervals
TED-MINT VEIN 76.45 to 77.0 m grading 3.18 g/t Au and 214 g/t Ag over 0.55 metres Image is a representative interval from 76.45 to 76.65 m 79.25 to 80.0 m grading 7.55 g/t Au and 333.0 g/t Ag over 0.75 metres Image is a representative interval from 79.4 to 79.7 m 82.75 to 83.5 m grading 66.48 g/t Au
Slide 24: Drillhole 3T-21-08: Gold
DRILLHOLE 31-21-08: GOLD 4 ° = = =< 5 z 7 Au Assay 3T-21-08 ame Ww DE oe Yess bust p 3T-21-08: TT13-084 vcs eee zis Cn . . Senn ee paler Lithology - Model ti [ary FS miminscene ff || eae | MDIO 1100m 4 im RQEP. | | Tommy Hi Tommy_East 1000m —>"" Lith ology - Drillhole i] CAS goom pein ee oO MDIO ao
Slide 25: Drillhole 3T-21-08: Silver
DRILLHOLE 31-21-08: SILVER Lithology - Model Larry Hi Tommy_East Lithology - Drillhole| CAS Ag Assay 3T-21-08 WwW LE 3T-21-08 TT13-084: 1200m > z " > 1100m —F 1000m Spm goom 4 800m 4" al - E vo 00 T T T 31-21-08 276.0 37 2.45 29.36 Location: aa sie — wif W: 363550, 5877075 And 249.3 37 20° 34.83 And
Slide 26: Tommy Vein core intervals
TOMMY VEIN 245.6 to 246.3 m grading 21.88 g/t Au and 236.0 g/t Ag over 0.7 metres Image displayed is a representative interval from 246.0 to 246.3 m TOMMY VEIN 246.3 to 247.3 m grading 43.9 g/t Au and 486 g/t Ag over 1 metre Image displayed is a representative interval from 246.7 to 247.2 m 25
Slide 27: Drillhole 3T-21-10: Gold
DRILLHOLE 31-21-10: GOLD E Lith ology - Model Au Assays 3T-21-10 1300m 4 W: : a T-20-01 3T-21+10 1200m 4“ 1100om 4 1000m 4" 900m 4 800m 4 T T T 363600 363700 363800 363900 Location: W: 363600, 5876805 E: 363990, 5876805 Seale: 1:6,500 Vertical exaggeration: 1x om 200m Ez TSX.V: IGO 4 ° = = =< 5 z
Slide 28: Drillhole 3T-21-10: Silver
DRILLHOLE 31-21-10: SILVER 4 ° = = =< 5 z Ag Assays 3T-21-10 1300m Wee boon f T-20-01 3T-21+10 1200m 4 Lithology - Model [LJ moro 1100m 4 im RQEP Bf tony 1000m 4" Lithology - Drillhole | CAS DIAB 900m | inl MDIO mo 800m 4 Oo RQFP Hi VEIN T T T 363600 363700 363800 363900 Scale: 1:6,500 StaSG 469.75
Slide 29: Tommy Vein core interval
TOMMY VEIN 473.55 to 474.55 m grading 12.01 g/t Au and 92.0 g/t Ag over 1 metre Image displayed is a representative interval from 473.55 to 474.0 m 28
Slide 30: Textures and alteration identified at depth
Several interesting textures were identified at depth on the western side of the property, along with novel alteration styles. Increased potassic and sericitic alteration Increased silicic and sericitic alteration Crackle Breccia Magmatic Breccia 29
Slide 31: 2019 Geophysical Survey (Airborne)
2019 GEOPHYSICAL SURVEY (AIRBORNE) Total Magnetic Intensity: 1VD Magnetic Intensity: INDEPENDENCE figageee pre INGOLD.CA | TSX.V: IGO
Slide 32: Line cutting completed spring 2021
Line cutting was completed in spring 2021 to open up access for the geophysics crew and for future soil sampling programs A total of ~40 km was cleared in this line cutting project 31
Slide 33: Dias Geophysical IP and MT survey
A major geophysical survey was completed by Dias Geophysical covering 8 km², comprised of a 3D induced polarization (IP) and resistivity survey, along with a magnetotelluric survey (MT) utilizing the DIAS32 System. Preliminary results of the survey show a strong correlation between high resistivity
Slide 34: 2021 Preliminary IP Results
2021 PRELIMINARY IP RESULTS Resistivity - Near Surface: Sonchuctivity = sAt Depth: ~ 3Ts Preliminary Resisti 1,075m RSL| INGOLD.CA | TSX.V: IGO Da ‘103frOud SLE Be)
Slide 35: 2021 Preliminary Magnetotelluric Results
2021 PRELIMINARY MAGNETOTELLURIC RESULTS 3Ts Magnetotelluric Survey, Resistivity Line 5877400N, Look-North 3Ts Conducti 850m RSL). oa a z S § B He secion pes Section tom T T T r " 361000 362000 363000 364000 365000 366000 MT_IndependenceGo! 1500 3000 4500 000 iain seis 13000 ‘Vertical exaggeration:
Slide 36: Summer/Fall 2021 exploration program and budget
The next phase of the 2021 program will commence in late summer and will include: – 3 weeks of soil sampling for a total of ~1,200 samples – 2 weeks of re-logging to follow up on identifying new textures in historic core Following this phase, a ~3,500m Fall Drill Program is planned 2021 Proposed Sum
Slide 37: 2021 Proposed Soil Sampling Grids
2021 PROPOSED SOIL SAMPLING GRIDS OLD CORP. INDEPENDENCE | ‘go5000 365500 ‘Bo0000 MMAR ppb SIMILAR ppb 960-19.00 © 19.90-50.90 © eve-n0 arog be a 2 ‘BO0500 367000 | Tommy North or ‘Tommy Vein Extension Gi ff ‘Tommy Take Fast Grit Johny Vein Trend Grit ast id Avpron Veins Loe. INDEPENDENCE | GOLD COR
Slide 38: Merit and Nicoamen Properties
Lillooet Kamloops MERIT PROPERTY • 4 mineral claims covering ~1,907 hectares • Epithermal target Spences Bridge • 7 anomalous zones identified by Au-As soil geochemistry Gold Belt and IP/Mag geophysical surveys • Trenching returned 7.24 g/t Au over 1.8 m incl. 14.99 Merritt g/t Au over 0.6 m. Nicoam
Slide 39: Merit Property exploration results
Surface mapping, prospecting and property wide ground geophysics completed in 2019 Seven anomalous zones identified, with the best results found in chalcedonic quartz veins with dark sulphide bands indicative of West Discovery Sullivan low sulphidation epithermal mineralization Hill Ridge Sullivan R
Slide 40: Sullivan Ridge and Central Zone follow-up
Exploration and surface mapping followed up on several zones identified in the 2019 season with the objective of further understanding, delineating and expanding targets Sullivan Ridge Target • Additional chalcedonic quartz veins were discovered branching off the main vein, with samples returning gr
Slide 41: Metallurgical recoveries, Sullivan Ridge
ESME 1 ESME 2 Total Gold Recovery Total Silver Total Gold Total Silver Recovery Recovery Recovery Gravity Concentrate 50.7 % 62.2% 95.1% 69.5% Floatation Concentrate 36.9 % 24.0% Leach Concentrate 11.9 % n/a 10.4% n/a TOTAL RECOVERY 99.5 % 95.1% 96.6% 69.5% Composite samples composed of chalcedonic
Slide 42: Nicoamen exploration results
Surface mapping, prospecting and ground geophysics completed in 2019, with follow up sampling completed in 2020 Four anomalous zones identified from ground magnetics, as well as an arcuate feature striking NW-SE likely representing an intrusive- volcanics contact North Quartz veins in all zones stri
Slide 43: White Gold District, Yukon
WHITE GOLD DISTRICT, YUKON ALASKA VG Zone: Inferred Mineral Resource 230,000 oz @ 1.65 g/t Au (Comstock Metals Press Release Jan 2016) = ro White Gold Project: Indicated Mineral Resource 961,000 oz @ 2.43 g/t Au (White Gold Corp Press Release Apr 2018) as Moosehorn x Independence Gold Corp. Other Cl
Slide 44: Boulevard Project: 958 claims, 19,960 ha
MACCHIATO SUPREMO AMERICANO LATTE AMERICANO ESPRESSO KONA DOUBLE WEST DOUBLE # of Soil Samples 20,330 Geophysics (line km) 3,579 # (21) Trenching m 4,107 # (51) RC Drilling m 5,787 # (46) Diamond Drilling m 5,936 $ Spent (million) $ 9.5 The Boulevard Project totals 958 claims and 19,960 ha 19 43
Slide 45: 10 diamond drill holes completed in 2017
10 diamond drill holes (977.5 m) completed in 2017 21 44
Slide 46: Contact information
For further information please contact: TSX.V: IGO Telephone: 604-687-3959 or Email: info@ingold.ca www.ingold.ca Randy Turner, President Andrew Randell, P.Geo., is the Qualified Person, as defined by National Instrument 43-101 has reviewed the technical information in this presentation 2020-02
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