Projects

BC Properties

3Ts Project

Size

  • ~4,900 hectares
  • 14 claims
  • 6 properties

Target

Epithermal quartz-carbonate veins mineralized with gold and silver

Access

Paved highway and well maintained logging roads


3Ts Project

Location

  • Nechako Plateau region of central British Columbia
  • Approximately 120 km southwest of Vanderhoof and 20 km south of the Blackwater Gold Project (New Gold Inc.)

Project Highlights

The latest National Instrument ("NI") 43-101 Inferred Resource estimate for the mineralized veins on the 3Ts Project increased the contained ounces of gold by 12%, and increased the contained ounces of silver by 27%. This updated Inferred Resource estimate incorporates results from the 2012 and 2013 diamond drill programs. The 3Ts Project is in the prospective Nechako Plateau region of central British Columbia, 20 km south of New Gold's Blackwater Gold Deposit.

Resource

The Tommy and Ted-Mint veins combined contain a NI 43-101 inferred resource estimated to be 5,452,000 tonnes grading 2.52 grams per tonne (g/t) gold and 71.5 g/t silver, at a cutoff grade of 1 g/t gold, containing 441,000 ounces of gold and 12,540,000 ounces of silver.

Exploration Summary (1993 - present)

More than 12 mineralized veins, with strike lengths ranging from 50 metres (m) to more than 900 m and true widths up to 20 m, have been identified at the 3Ts Project. The first gold-bearing quartz vein was discovered in 1993 at Tommy Lake by a BC government mapping crew. Following the discovery, Teck, Cogema and Phelps Dodge conducted geological, geochemical and geophysical surveys, and diamond drilling from 1994 to 1998.

Independence Gold has continued to explore the 3Ts Project with recent work including such activities as structural mapping, petrographic studies, geophysics, diamond drilling and metallurgy at three main targets: the Ted-Mint Vein, the Tommy Vein and the Ringer Target.

3Ts Work Summary

Mapping/Prospecting

yes

Geophysics (line km)

~81

Rock Sampling

~1,400

Soil Sampling

~1,700

Trenching (#(m))

17 (~300)

Diamond Drilling (#(m))

215 (~40,000)

Metallurgical test work conducted on mineralized material from the Ted-Mint Vein yielded 97.3% gold recovery and 94.9% silver recovery by using a combination of gravity, flotation and leaching.

Ted-Mint Vein

The Ted-Mint Vein is a mineralized quartz-carbonate vein structure which has a total strike length of more than 900 m and an average width of about 6 m. The Ted-Mint Vein averages 1.86 g/t gold and 82.7 g/t silver with a more gold rich zone to the north and a more silver rich zone to the south. This mineralized vein structure is open both at depth and along strike.

Tommy Vein

The Tommy Vein is located 1,200 m west of the Ted-Mint Vein. This mineralized quartz-carbonate vein structure is parallel to the Ted-Mint Vein and has a strike length of 650 m and an average width of about 4.5 m. The Tommy Vein averages 4.25 g/t gold and 41.9 g/t silver with mineralization being more continuous near surface. Further work is needed to outline the geometry of the mineralization at depth.

Ringer Target

Mineralized vein float boulders at the Ringer Target area are up to 2 m in maximum dimension. Eight samples from these boulders assayed an average of 19.01 g/t gold and 140.1 g/t silver. The mineralized Ringer Target boulders, and other well-mineralized vein float boulders in other parts of the property indicate the potential to discover new mineralized veins within the 3Ts Project area.

Geology

The 3Ts Project area is located along the southern margin of the Nechako Uplift, a northeast-trending, structurally raised block. The structural uplift provides a window through younger cover rocks to the underlying, regionally extensive, volcanic and sedimentary rocks of the Lower to Middle Jurassic Hazelton Group, and the Late Jurassic Bowser Lake Group.

Quartz- and feldspar-phyric rhyolite tuffs and flows of the Entiako Formation are the most abundant rock unit on the 3Ts Project, and host the gold- and silver-bearing veins. These mineralized quartz-carbonate veins are part of a robust low sulphidation-type epithermal vein system. The veins are subvertical, strike north-northwesterly and are crosscut by a gently-dipping Late Cretaceous microdiorite sill.

Ownership

The 3Ts Project is comprised of the Tsacha, Taken, Tam, Tommy, Bot and Blackwater South properties. The Company has a 100% interest in these claims, subject to NSRs up to 4% on a sliding scale.

Last updated: October 2016

Maps & Figures

3Ts Claims Map
3Ts Claims Map
3Ts Tommy Vein Long Section
3Ts Tommy Vein Long Section
Ted-Mint Vein Area Map
Ted-Mint Vein Area Map
Tommy Vein Area Map
Tommy Vein Area Map
3Ts 43-101 Resource
3Ts 43-101 Resource

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