Independence Gold Commences Drilling on Boulevard, Yukon
August 21 2017 - 8:00AM
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.
Boulevard ProjectThis 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.
Regional ExplorationWork 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.
About IndependenceIndependence
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.
All statements in this press release, other than
statements of historical fact, are "forward-looking information"
with respect to Independence within the meaning of applicable
securities laws, including statements with respect to the
Company’s planned drilling and exploration activities. The Company
provides forward-looking statements for the purpose of conveying
information about current expectations and plans relating to the
future and readers are cautioned that such statements may not be
appropriate for other purposes. By its nature, this information is
subject to inherent risks and uncertainties that may be general or
specific and which give rise to the possibility that expectations,
forecasts, predictions, projections or conclusions will not prove
to be accurate, that assumptions may not be correct and that
objectives, strategic goals and priorities will not be achieved.
These risks and uncertainties include but are not limited to those
identified and reported in Independence’s public filings under
Independence Gold Corp.’s SEDAR profile at www.sedar.com.
Although Independence has attempted to identify important
factors that could cause actual actions, events or results to
differ materially from those described in forward-looking
information, there may be other factors that cause actions, events
or results not to be as anticipated, estimated or intended. There
can be no assurance that such information will prove to be accurate
as actual results and future events could differ materially from
those anticipated in such statements. Independence disclaims
any intention or obligation to update or revise any forward-looking
information, whether as a result of new information, future events
or otherwise unless required by law.
For more information, contact:
Kendra Johnston, Interim President
T: 604-687-3959
E: kjohnston@ingold.ca
W: www.ingold.ca
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