Independence Gold Commences Drilling at 3Ts Project, BC

Independence Gold Corp. (TSX VENTURE:IGO) (the "Company") is pleased to announce
the commencement of a 3,500 metre (m) diamond drilling program at its 100% owned
3Ts Project. The 3Ts Project is located approximately 185 kilometres ("km")
southwest of Prince George, British Columbia and 20 km southwest of New Gold
Inc.'s Blackwater gold deposit. The 3Ts Project is comprised of fourteen mineral
claims covering approximately 4,934 hectares in the Nechako Plateau region of
central British Columbia. For additional information, please visit the Company's
website at www.ingold.ca.


There is excellent potential to discover new, well-mineralized quartz-carbonate
veins within the 3Ts Project area. With that objective, the Company designed a
$900,000 drill campaign to test previously identified targets in three highly
prospective target areas within the 3Ts property.


Ringer Target Area

Eight samples from well-mineralized vein float boulders at the Ringer Target
averaged 19.0 g/t gold with 140 g/t silver. Additional mineralized boulders from
east and north of the Ringer Target contain 18.0 g/t gold with 176 g/t silver,
8.2 g/t gold with 81 g/t silver and 7.0 g/t gold with 202 g/t silver. A 2003
vein float sample from Adrian Creek, east-southeast of the Ringer Target,
assayed 89.8 g/t gold with 592 g/t silver. The area north and east of the Ringer
Target contains geochemical gold-in-till anomalies (maximum 64 ppb) that are up
to approximately 450 m across, in addition to the well-mineralized vein float
boulders. Several linear, northerly trending ground magnetic features, that are
probably associated with fault structures, cross the Ringer Target area. The
coincidence of geochemical and geophysical anomalies with well-mineralized vein
float indicates that the Ringer Target area has excellent potential for the
discovery of new mineralized veins. Several holes will be drilled within this
target area during the summer 2014 drilling program.


Butch Vein Target Area

The Butch Vein Target area is located approximately 400 m west of the central
part of the Ted-Mint Vein, an area with little or no previous drilling. Drilling
will test for the bedrock source of well-mineralized vein float boulders which
assayed up to 37.0 g/t gold with 202 g/t silver. Surface samples of vein
material from both the Butch Vein structure and the Swamp Zone (200 m east of
the Butch Vein) contain anomalous gold concentrations. Glacial tills from the
Swamp Zone contain from 7 to 34 parts per billion ("ppb") gold, and tills from
the Butch Vein area contain up to 77 ppb gold. Drilling in this target area will
also test for the presence of a mineralized vein along a northerly trending
fault structure which was identified during 2013 geological mapping program; all
of the known mineralized veins at the 3Ts Project occur along northerly trending
faults. 


South Ted Target Area

More than 60 vein float boulders have been found between 50 to 200 m south of
the Ted-Mint Vein. Drilling will test for the bedrock source of these vein float
boulders, which assay up to 7.2 g/t gold with 130 g/t silver. In addition, soils
from this boulder-rich area locally contain anomalous concentrations of gold, up
to 73 ppb. 


An increased NI 43-101 compliant inferred resource estimate has been calculated
for the Tommy, Ted and Mint veins within the 3Ts Project property. Using a 1 g/t
gold cutoff grade, the total Inferred Resource for these three veins is
5,452,000 tonnes grading 2.52 g/t gold and 71.5 g/t silver for 441,000 contained
ounces of gold and 12,540,000 contained ounces of silver (see news release dated
May 6, 2014). A NI 43-101 technical report detailing both the updated resource
estimate and the Company's recent exploration at the 3Ts Project has been filed
on SEDAR May 13, 2014; a copy of this report has been posted on our website
www.ingold.ca. 


Independence Gold Corp. is a well-financed exploration company focused mainly on
gold projects in British Columbia. David Pawliuk, P.Geo., the Company's
Qualified Person, as defined by NI 43-101, for the 3Ts Project has reviewed the
technical information in this news release.


INDEPENDENCE GOLD CORP.

Randy Turner, President

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. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Independence Gold Corp.
Sophie Taylor
604-687-3959
604-687-1448 (FAX)
info@ingold.ca
www.ingold.ca
Independence Gold (TSXV:IGO)
過去株価チャート
から 5 2024 まで 6 2024