Subscribe
Be the first with the news that moves the market- Independence Gold Corp. (IGO) has acquired the Laidman Project covering 108 sq. km.
- The project is located 300 metres northwest of the company’s 100 per cent owned 3Ts gold and silver project
- The area is relatively underexplored and has been subjected to some larger-scale regional surveys undertaken, including Geoscience BC
- Independence Gold Corp. (IGO) was up 8.00 per cent, trading at $0.135 per share as of 10:35 am ET
Independence Gold Corp. (IGO) has acquired the Laidman Project covering 108 sq. km.
The project is located 300 metres northwest of the company’s 100 per cent owned 3Ts gold and silver project.
This project area is located 16 km west of Artemis Gold Inc.’s (TSXV:ARTG) Blackwater Project and 185 km southwest of Prince George, British Columbia. The project is comprised of six mineral tenures, largely underlain by the Laidman Batholith, a regional-scale quartz monzonite intrusion of the Late Jurassic age. The Laidman Batholith extends east toward the Blackwater Project.
The area is relatively underexplored and has been subjected to some larger-scale regional surveys undertaken, including Geoscience BC. Along the periphery of the intrusion, several mineral showings have been noted, like the 3Ts Project.
Historically produced surface samples graded up to 12.65 grams per tonne (g/t) gold and 81.4 g/t silver. Other showings located around the intrusive body host structurally controlled porphyry copper and molybdenum mineralization.
Exploration for 2023 will focus initially on digitizing existing historical datasets as well as field reconnaissance, mapping, and prospecting. The company has set an initial budget of $50,000 for the year.
Drill equipment and crews are also being mobilized to the 3Ts Project for a 4,000-metre drill program that is expected to commence mid-March.
Independence Gold Corp is a mineral exploration company.
Independence Gold Corp. (IGO) was up 8.00 per cent, trading at $0.135 per share as of 10:35 am ET.
