Independence Gold Corp's Boulevard Project, located in the White Gold District, Yukon. — Photo courtesy Northern Miner VANCOUVER, British Columbia,
Independence Gold Corp's Boulevard Project, located in the White Gold District, Yukon. — Photo courtesy Northern Miner
VANCOUVER, British Columbia, Aug. 21, 2017 (GLOBE NEWSWIRE) -- Independence Gold Corp. (TSX.V:IGO) ("Independence" or "the Company") is pleased to announce the commencement of its 1,500 metre (“m”) diamond drilling program on the Company’s 100% owned Boulevard Project, in the White Gold District, Yukon. The diamond drill program is following-up on results from the Company’s 2015 and 2016 reverse circulation (RC) drill programs which successfully identified mineralization along the 2.4 kilometre (“km”) Sunrise-Sunset Zone. Concurrently, a Geoprobe drill will evaluate geochemical soil anomalies on the property by completing an estimated 120 holes to the soil-bedrock interface.
This season’s program is targeting multiple, highly resistive quartzite horizons that host cross-cutting mineralized quartz veins. The first three drill holes this year are planned to confirm RC drill holes that returned highly anomalous results (BV15-31: 7.23 g/t over 12.2 m; BV15-40: 15.0 g/t Au over 3.1 m; BV16-54: 7.73 g/t Au over 6.1 m). Kendra Johnston, the Company’s Interim President, stated, “Acquiring oriented core from these high-grade gold intervals will enable us to determine the geometry and trend of the quartzite as well as the cross-cutting quartz veins while also being able to test the extent of the mineralization along strike to the northwest and southeast.” Subsequent drilling along the trend will focus on evaluating the extent of these quartzite layers, in areas of coincident multi-element gold-arsenic-antimony soil geochemistry. The company plans to complete 1,500 m of drilling in 12-15 drill holes.
An estimated 2,450 soil samples have already been collected from the Boulevard Project this season from areas which required detailed grid-style follow-up or areas that were previously untested. Initial results from one of the detailed grids located 3.6 km southeast of the Sunrise-Sunset Zone identified a new, 1.0 km long, northwest trending, gold-in-soil geochemical anomaly. This target, along with six others, will be evaluated during the estimated 120 drill hole Geoprobe program that will test the soil-bedrock interface at 5 m spaced sample sites.
Work is also set to start on the Company’s pipeline of gold exploration projects within the White Gold District. A further 875 soil samples will be collected on the Company’s 100% owned Moosehorn, Stinger and Henderson Projects. Geoprobe and Rotary Air Blast (“RAB”) drilling will also be conducted on the Moosehorn and Henderson Projects respectively. Moosehorn hosts a 1.4 km long gold-arsenic soil geochemical anomaly, located along a topographic high that drains into multiple placer mined creeks. The Company plans to complete a reconnaissance style geochemical sampling program across the remainder of the property and to test the known anomaly, using the GeoProbe drill. The Company also plans to drill approximately 400 m on Henderson to test a possible source for the placer gold which has been mined from North Henderson Creek.
Independence Gold Corp. (TSX.V:IGO) is a mineral exploration company listed on the TSX Venture Exchange. With a portfolio of projects in the Yukon and the 3Ts Project in British Columbia, the Company’s holdings range from early-stage grassroots exploration to advanced-stage resource expansion. For additional information, visit the Company's website www.ingold.ca.
Kendra Johnston, P.Geo., the Company’s Qualified Person as defined by National Instrument 43-101 for the White Gold Area projects, has reviewed the technical information in this news release.
ON BEHALF OF THE BOARD of Independence Gold Corp.,
“Michael McPhie”, Interim Chairman, CEO and Director
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
