Vancouver, B.C. (January 13, 2025) – Independence Gold Corp. (TSX.V: IGO)(OTCQB: IEGCF) (the “Company”) is pleased to announce that the second phase of a 10,000 metre (“m”) winter drill program has resumed at its 100% owned 3Ts Project. The 3Ts Project is located approximately 185 kilometres (“km”) southwest of Prince George, British Columbia and is comprised of seventeen mineral claims covering approximately 8,840 hectares in the Nechako Plateau region of central British Columbia. The project is situated 16 km southwest of Artemis Gold Inc.’s Blackwater Mine and covers a low-sulphidation epithermal quartz- carbonate vein district within which nineteen individual mineralized veins, ranging from 50 m to more than 1,100 m in strike length and with true widths up to 25 m have been identified.
Drilling Update
Prior to the Christmas break, a total of twelve drill holes were completed for a total of 3,222m. Ten of the drill holes focused on the Ted-Mint and Tommy vein systems to obtain additional information for an updated resource model (please see the news release dated August 18th, 2022 for further details; “Technical Report on the Mineral Resource Estimate Update for the 3Ts Gold Project, Omineca Mining Division, British Columbia, Canada”). The remaining two drill holes tested the Ian vein system at depth as well as the first exploration drilling of the Alf vein. The second phase of the winter drill program has commenced and will consist of approximately 6,700 m and will focus on multiple targets including Ian, Johnny, Ootsa and Balrog. All mineralized drill core from phase one has been delivered to SGS Canada for analysis with results pending.
Corporate Update
The Company wishes to announce that 19,458,668 warrants that were related to the December 2022 private placement financing were exercised for total proceeds of $2,335,040. In addition, the Company closed two private placement financings in the fourth quarter of 2024 for total gross proceeds of $8,650,000. The Company has also granted incentive stock options to certain directors, officers, employees and consultants to purchase 3,000,000 shares under the Company’s Incentive Stock Option Plan. The options will be granted for a period of three (3) years and are exercisable at a price of $0.25 per share.
About Independence
Independence Gold Corp. is a well-financed mineral exploration company with holdings ranging from early-stage grassroots exploration to advanced-stage resource expansion in British Columbia and Yukon. The Company is positioned to add shareholder value through systematic project advancement, while management continues to evaluate additional gold and silver projects for possible acquisition. For additional information, visit the Company’s website www.ingold.ca.
Andy Randell, P.Geo., the Company’s Qualified Person as defined by National Instrument 43-101, has reviewed the technical information in this news release.
ON BEHALF OF THE BOARD OF INDEPENDENCE GOLD CORP.
“Randy Turner”
Randy Turner, President and CEO
