Vancouver, BC – 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
“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.
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 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.
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
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.
Interim Chairman, CEO and Director
For more information, contact:
Kendra Johnston, Interim 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.
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
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.