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Independence Gold Corp.
Summary
| Project: | Boulevard | |
|---|---|---|
| Deposit: | Sunrise Zone, Denali Zone | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 10/12/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 12-10-2016: Independence Gold Corp. announces an Exploration/Drilling Update report for its Sunrise Zone, Denali Zone deposit at the Boulevard project. Drilling results incl. 39.6m @ 1.58g/t Au from 24.4m. Vancouver, BC – Independence Gold Corp. (TSX.V: I | |
| Resources: | x | |
| CP/QP: | [Overall Report]: David Gale (Not Stated) | |
| ABSTRACT: | Vancouver, BC – Independence Gold Corp. (TSX.V: IGO) ("Independence" or "the Company") is pleased to announce new gold discoveries on its 100% owned Boulevard Project, contiguous to Goldcorp Inc’s Coffee Gold Deposit in the White Gold District, Yukon. The best intercepts include 7.73 grams per tonne (g/t) gold (“Au”) across 6.1 metres (“m”) and 1.19 g/t Au over 22.9 m at the Sunset Zone, 4.36 g/t Au across 6.1 m within the Sunrise Zone, and 4.28 g/t Au over 4.6 m at the Denali Zone. A total of 1,401 m of reverse circulation (“RC”) drilling was completed in 15 drill holes within the Sunrise-Sunset area, located 8.5 kilometres (“km”) southwest of the Coffee deposit. Drilling evaluated multi-element soil anomalies within the 2.3 km long Sunset trend and focused on testing new, potentially sub-parallel mineralized zones at Sunrise. Significant intercepts are presented in the table below. A table of all 2016 drill results and a map showing the drill hole locations is posted on the Company’s website. Drill hole BV16-54 tested a robust multi-element soil anomaly at the southeast end of the Sunset trend and returned 7.73 g/t Au over 6.1 m which occurs within a broad zone that returned 1.58 g/t Au over 39.6 m. This mineralization is hosted within quartzite and is cross cut by massive quartz veins. The drill hole was oxidized to a down hole depth of 45 m and ended in mineralization. Six drill holes were completed at the western extent of the Sunset Zone; BV16-47 intersected 1.19 g/t Au over 22.9 m including 4.33 g/t Au over 3.1 m. Drill hole BV16-56 returned 3.05 g/t Au over 4.6 m including a higher grade core which grades 7.98 g/t Au over 1.5 m. Further to the southeast at the Sunrise Zone, BV16-53 intersected 4.36 g/t Au over 6.1 m including 8.27 g/t Au over 3.1 m. This defines a new parallel, north-trending structure, situated 75 m southeast of drill hole BV15-31 which returned 7.23 g/t Au over 12.2 m (news release August 24, 2015). Mineralization in BV16-53 occurs in a strongly oxidized zone within quartzite and is associated with an increase in quartz veining. | |
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