|By Marketwired .||
|September 10, 2013 03:08 PM EDT||
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 09/10/13 -- Independence Gold Corp. (TSX VENTURE:IGO) ("Independence Gold" or "the Company") is pleased to announce that an exploration program has been completed on its 100% owned 3Ts Project. The 3Ts Project is located approximately 185 kilometres ("km") southwest of Prince George, British Columbia and situated 20 km southwest of the Blackwater Project of New Gold Inc. For additional information, please visit the Company's website at www.ingold.ca.
The 3Ts Project covers an epithermal quartz-carbonate vein system within which more than 12 individual mineralized veins, ranging up to 20 metres in true width and up to 900 metres along strike, have been identified. Most of these veins are open both along strike and at depth.
There is excellent potential to discover new mineralized veins within the 3Ts Project property. Well-mineralized vein float boulders have been found at the Ringer Target area (as described in the Company's NI 43-101 technical report filed on SEDAR December 23, 2011) and in other parts of the property. The current work program, consisting of geochemical till and soil sampling, geological mapping and prospecting, is designed to delineate potential bedrock source areas for these well-mineralized vein float boulders. These target areas may be tested by future diamond drilling.
The existing magnetic survey coverage of the project area has been expanded by additional ground magnetic geophysical surveying. Previous magnetic data has assisted in delineating fault structures, as well as determining the character of the underlying bedrock. Fault structures are important at the 3Ts Project area, because all of the known mineralized veins are hosted by faults, and the mineralized veins are locally offset by later, crosscutting faults.
A National Instrument 43-101 compliant inferred resource estimate has been calculated for the Tommy, Ted and Mint veins. Using a 1 g/t gold grade cutoff, the total Inferred Resource for these three veins is 3,614,072 tonnes grading 3.39 g/t gold and 85.15 g/t silver for 394,383 contained ounces of gold and 9,894,835 contained ounces of silver (see news release dated January 20, 2012). This inferred resource estimate does not incorporate results from the 2012 or early 2013 diamond drilling programs at the 3Ts (see news release dated June 10, 2013).
David Pawliuk, P.Geo., the Company's Qualified Person as defined by NI 43-101 for the 3Ts Project, has reviewed the technical information in this news release.
INDEPENDENCE GOLD CORP.
Randy Turner, 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.