Total
0
Shares
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Independence Gold (IGO) is updating exploration progress at its 3Ts Project in British Columbia
  • The Vancouver mineral exploration company now has assay results from its winter and spring drill programs
  • A resource estimate has been calculated on the 3Ts Project for the Tommy and Ted-Mint Veins, using a 1 gram per tonne of gold cutoff grade
  • The total inferred resource for the three veins is 5,452,000 tonnes grading at 2.52 grams per tonne of gold and  71.5 grams per tonne of silver
  • Independence Gold is unchanged, trading at $0.07 at 10:21 am ET

Independence Gold (IGO) is updating exploration progress at its 3Ts Project in British Columbia.

The Vancouver mineral exploration company now has assay results from its winter and spring drill programs.  It also has results from a geophysical ground survey, the recently completed soil sampling program and a LiDAR survey.

The 2021 winter and spring drill program was designed to test significant gaps within the historical drilling of the Tommy, Ted-Mint and Larry vein systems and to expand the current inferred resource.

A resource estimate has been calculated on the 3Ts Project for the Tommy and Ted-Mint Veins, using a 1 gram per tonne of gold cutoff grade. The 2021 winter and spring drill program was designed to test significant gaps within the historical drilling of the Tommy, Ted-Mint and Larry vein systems and to expand the current inferred resource.

The total inferred resource for the three veins is 5,452,000 tonnes grading at 2.52 grams per tonne of gold and  71.5 grams per tonne of silver, for 441,000 contained ounces of gold and 12,540,000 contained ounces of silver.

With results received, a drill program of approximately 3,000 metres is currently being planned for the fall and winter. The program is being designed with the aim of expanding the current resource model on the property.

The company remains focused on both early-stage grassroots exploration and advanced-stage resource expansion in British Columbia and Yukon.

Independence Gold is unchanged, trading at $0.07 at 10:21 am ET.

More From The Market Herald

" Grande Portage Resources (TSXV:GPG) completes 2021 drill program

Grande Portage Resources (GPG) has completed its two rig drill program at the Herbert Gold project in Southeast Alaska.

" Aurcana (TSXV:AUN) closes non-brokered private placement of units

Aurcana Silver (AUN) has closed its previously announced private placement offering.
Outback Goldfields - Chris Donaldson, CEO

" Outback Goldfields (CSE:OZ) provides updates from its Yeungroon and Glenfine projects

Outback Goldfields (OZ) has provided an update on drilling activities at its Yeungroon project and drill program results from its Glenfine project.

" North Arrow Minerals (TSXV:NAR) reports bulk sample processing underway

North Arrow Minerals (NAR) has begun processing of a 2,000-tonne bulk sample from its Naujaat Diamond Project.