VANCOUVER, B.C., July 06, 2017 (GLOBE NEWSWIRE) -- Independence Gold Corp. (TSX.V:IGO) ("Independence" or "the Company") is pleased to announce the commencement of its 2017 Yukon Exploration Program. The primary focus of this program is to define additional gold mineralization within the Sunrise-Sunset Zone on the Company’s 100% owned Boulevard Project, adjacent to Goldcorp’s Coffee Project. The Company also plans to complete regional exploration activities to discover new targets on Boulevard and its other White Gold District projects.
“ We are pleased to commence our 2017 field program, ” said Michael McPhie, Interim Chairman and CEO of Independence Gold. “ The Yukon is a great jurisdiction to invest and explore in and we are excited to continue our work at Boulevard and throughout the District. ”
“ We look forward to testing and further defining the mineralization and geology at the Sunrise-Sunset Zone, ” said Kendra Johnston, Interim President of Independence Gold. “ RC drilling over the last two years has successfully outlined multiple intervals of high grade gold mineralization. This year’s diamond drill program will give us far greater insight into the controlling geological features. ”
Boulevard Project A total of 1,500 meters (“m”) of diamond drilling is planned on the Sunrise-Sunset Zone and will follow-up gold mineralization discovered during the 2015 and 2016 reverse circulation (“RC”) drill programs. These programs yielded results such as BV16-53 which intersected 4.36 grams per tonne (“g/t”) gold over 6.1 m, including 8.27 g/t gold over 3.1 m, and BV16-54, which intersected 1.58 g/t gold over 39.6 m including 7.73 g/t gold over 6.1 m (Company news release October 12, 2016). The Sunrise-Sunset Zone is identified as a 2.3 kilometre (“km”) long gold-arsenic-antimony geochemical anomaly. Previous RC drilling indicates that gold mineralization is hosted within a northwest trending package of quartzites that is cross-cut by northeast trending quartz veins. This year’s diamond drilling will follow-up on previous results while giving the Company more detailed geological information to further interpret the mineralized system.
The Boulevard Project is located approximately 135 km south of Dawson City, 35 km south of White Gold Corp’s Golden Saddle deposit, and contiguous to Goldcorp’s Coffee Project.
Regional Exploration Regional exploration will consist of approximately 3,000 reconnaissance style soil samples testing the extents of the Boulevard, Moosehorn, Henderson and Stinger Properties, as well as 1,000 soil samples in two detailed grid formations on Boulevard. This work will be followed-up later this season with a GeoProbe to test new anomalies at or just below the soil-bedrock interface.
About Independence 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 .
David Gale, 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: W: www.ingold.ca
