Approximately 135 km south of Dawson City, 35 km south of the Golden
Saddle Project (Kinross Gold Corp.) and contiguous to the Coffee
Project (Goldcorp Inc.)
Independence Gold has discovered three main gold zones, the Sunrise Zone, the Sunset Zone and the Denali Zone, in drill intercepts on its 100% owned Boulevard Project. The Company recently completed a total of 2,946 metres (m) (30 holes) of reverse circulation (RC) drilling on the project. The best intercepts from this recent drilling are 4.36 grams per tonne (g/t) gold across 6.1 m at Sunrise, 7.73 g/t gold across 6.1 m at Sunset, and 4.28 g/t gold across 4.6 m at Denali. This season’s drilling followed-up on multiple positive intercepts from previous years including, 15.0 g/t gold across 3.05 m, and 0.94 g/t gold across 22.86 m at the Sunrise, where the discovery hole earlier intersected 7.23 g/t gold across 12.2 m and 4.25 g/t gold across 6.10 m at Denali. The Boulevard Project is located adjacent to Goldcorp’s Coffee Gold Project in the prolific White Gold District of the Yukon.
Exploration Summary (1969 - 2016)
The Boulevard Project covers an area of ground in the White Gold District of the Dawson Range that has been explored since the late 1960’s. The first known work on the project was regional-scale stream silt sampling in 1969 and 1970 completed by Archer Cathro, to target "Casino-style" copper-molybdenum porphyry deposits. Modern exploration began in 2006 when Rimfire Minerals Corporation and Northgate Minerals Corporation completed a regional silt sampling program across the Dawson Range in search of "Pogo-style" intrusion-related gold deposits. Exploration work by Independence Gold has identified multiple gold-in-soil anomalies. Three main anomalies have been identified: the Sunrise Zone with a strike length of 700 m, the Sunset Zone with a strike length of 1,500 m, and the Denali Zone which extends over 700 m.
The following work has been completed to date:
Geophysics (line km)
Trenching (# (m))
15 (1,490 m)
5 (400 m)
2 (240 m)
22 (2,130 m)
Diamond Drilling (# (m))
31 (4,078.5 m)
2 (359 m)
33 (4,438 m)
Reverse Circulation Drilling (#(m))
29 (3,125.9 m)
20 (2,471.6 m)
51 (5,784.9 m)
The Sunrise – Sunset Area – Boulevard
The Sunrise Zone consists of multiple northeast-trending multi-element soil geochemical anomalies coincident with magnetic low features. These features parallel mineralized trends at Goldcorp’s Coffee deposit located 8.5 km northeast of the Sunrise Zone. Significant RC drill intercepts from 2016 are presented below:
*True thickness estimated to be 60-70% of drill intercepts
Based on the available data, the sulphide mineral and quartz vein content, as well as the associated pathfinder element concentrations, vary significantly from one mineralized intercept to the next. These differences imply that a minimum of two separate, chemically distinct episodes of high grade gold mineralization have occurred at the Sunrise Zone. Gold mineralization at the Sunrise Zone appears to occur within north-northeast striking, steeply dipping structures with variable amounts of both sulphide minerals and vein quartz. Quartzite is the main host rock.
The Sunset Zone – Boulevard
The Sunset Zone is a 1.5 km long gold- and arsenic-in-soil anomaly located contiguous to the west of the Sunrise Zone. It was first identified in 2008, and further defined by infill soil sampling. The Sunset Zone is identified by gold-in-soil assay values ranging from 70 parts per billion (ppb) to 7,010 ppb gold, with coincident arsenic and antimony. Three follow-up excavator trenches were completed confirming the presence of bedrock gold mineralization. Trench BV08-01 intersected 2.93 g/t gold over 14 m including 6 m grading 6.79 g/t gold. Trench BV08-02, located 100 m southwest of BV08-01 intersected 4 m of 3.61 g/t gold. Trench BV08-03, located 200 m northwest of BV08-01, exhibited weakly anomalous gold mineralization across 5 m. Significant drill results from the 2016 RC drill program are presented below:
*True thickness estimated to be 60-70% of drill intercepts
Based on the available core and RC drill data, the two primary controls on mineralization at both Sunrise and Sunset are the presence of white massive quartz veins, comprising up to 80% of the rock and a resistive quartzite host rock. Pyrite +/- arsenopyrite and stibnite are irregularly developed within mineralized zones and oxidation levels are variable to a depth of approximately 45 m.
The Denali Zone - YCS
The Denali Zone is a 700 m long gold-in-soil anomaly confirmed at depth by reverse circulation drilling. This geochemical soil anomaly is identified by gold assay values ranging from 75 ppb to 4,530 ppb gold with associated anomalous arsenic and antimony.Follow-up excavator trenching intersected 10 m of bedrock mineralization averaging 4.56 g/t gold. Subsequent follow-up drilling in 2015 and 2016 returned significant intercepts as presented below:
*True thickness estimated to be 80-90% of drill intercepts
The mineralized zone appears to plunge moderately to the north-northeast, and is variably hosted within quartzite or quartz biotite schist, typically associated with an increase in fine grained pyrite. Similar to other mineralized zones in the White Gold District, mineralization is associated with elevated arsenic and antimony. In addition, select rock samples from prospecting have yielded assay values ranging from below detection to 9.74 g/t gold, with the three best rock samples assaying 9.74 g/t, 8.86 g/t and 7.88 g/t gold.
Most of the Boulevard Project area is underlain by Yukon-Tanana Terrane metamorphic rocks. The Yukon-Tanana metamorphic package is intruded to the north and south by the Dawson Range Batholith, a mid-Cretacous hornblende-biotite granodiorite. The northern part of this batholith is comprised of undeformed biotite granite and garnet-bearing leucogranite that occur as elongate intrusions, conformable with the regional metamorphic fabric. Gold mineralization on the Boulevard Project is hosted by quartzite, biotite-chlorite schist and lesser chlorite-biotite schist crosscut by quartz and quartz-carbonate veins with locally sericite-altered envelopes. The gold mineralization at the Sunset Zone is controlled in part by a southwest-dipping, planar fault structure, and at the Sunrise Zone mineralization appears to be controlled by a steep, northeast trending fault structure. The mineralized zone at Denali trends northwest and dips to the northeast at a shallow to moderate angle, possibly along a fault structure.
The Boulevard Project is comprised of the Boulevard, YCS, Tiger and Solitude properties. The company has a 100% interest in these properties, subject to a 2% NSR on the Boulevard, YCS and Tiger properties.