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Independence Gold Corp. (IGO.V)

TSXV - TSXV Real Time Price. Currency in CAD
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0.1800-0.0100 (-5.26%)
At close: 3:14PM EDT
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Previous Close0.1900
Open0.1850
Bid0.1800 x 0
Ask0.1900 x 0
Day's Range0.1800 - 0.1850
52 Week Range0.0450 - 0.2250
Volume190,500
Avg. Volume118,531
Market Cap15.255M
Beta (5Y Monthly)3.07
PE Ratio (TTM)N/A
EPS (TTM)-0.0170
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • Independence Gold Announces Exploration Program Update on the 3Ts Project, British Columbia
    GlobeNewswire

    Independence Gold Announces Exploration Program Update on the 3Ts Project, British Columbia

    VANCOUVER, British Columbia, April 14, 2021 (GLOBE NEWSWIRE) -- Independence Gold Corp. (TSX.V: IGO) ("Independence" or "the Company") is pleased to provide an update on the 3Ts Project (the “Property”), including assay results from the first drill hole of a 4,500 metre ("m") winter diamond drilling program, a re-analysis of drill hole 3T-20-06 (drilled in 2020) to identify other potential elements of interest, and plans for a detailed geophysical survey to be carried out over the Property. The 2021 winter drill program was designed to test significant gaps within the historical drilling of the Tommy and Ted-Mint vein systems, both along strike and at depth, as well as previously untested targets. Drill hole 3T-21-01 was designed to test the Ted-Mint Offset Vein below the microdiorite sill, and highlights include: Drill HoleFrom (m)To (m)Drill Intercept (m)Au (g/t)Ag (g/t)3T-21-01293.35307.0013.655.07258.10Including293.35299.25.858.60577.62 Upon further review of previous drill results, the Company re-analyzed data from the 2020 drill program in order to identify other elements of economic interest, notably copper (“Cu”), lead (“Pb”), molybdenum (“Mo”) and zinc (“Zn”). Drill hole 3T-20-06 was selected as it was one of the deepest holes drilled to date and reached a depth of approximately 150 m below the microdiorite sill. Highlights from the analysis include: Drill HoleFrom (m)To (m)Drill Intercept (m)Cu* (%)Mo (ppm)Pb(ppm)Zn*(%)3T-20-0640140980.0756.75818.750.44Including40440620.15140.67583.331.01Including40440730.21209.00852.500.92Including40340630.16145.002,095.330.69 *Results for copper and zinc were reported in parts per million by the assaying lab and have been converted to a percentage using 1% = 10,000 ppm Several other deep drillholes from the 2020 drill program, as well as earlier programs, will also be selected to identify and re-analyzed for these elements of interest. Based on alteration studies, geochemistry and geological work the Company has identified the potential for a porphyritic system underlying the 3Ts Property. The Company has entered into a contract with Dias Geophysical to carry out a program of deep 3D IP and resistivity surveying, and a magnetic tellurics (“MT”) survey with the DIAS32 system, which will commence during the third week of April. The 3D IP survey will be completed on surface and in boreholes across a survey area of approximately 4 km by 2 km, with a goal of imaging the geology beneath the microdiorite sill. A portion of the 3D IP survey will be completed at a higher spatial resolution in order to image potential epithermal vein systems in the near surface. The MT survey will be completed over the same survey area with the goal of extending the depth search to over 1.5 km to help in imaging for potential porphyry sources and major structural features. The 3Ts Project is located approximately 185 kilometres (“km”) southwest of Prince George, British Columbia and situated 20 km southwest of Artemis Gold’s Blackwater Gold Deposit. Please refer to the website for maps showing the vein locations. About IndependenceIndependence Gold Corp. (TSX.V:IGO) is a mineral exploration company listed on the TSX Venture Exchange. The Company’s holdings range from early-stage grassroots exploration to advanced-stage resource expansion in British Columbia and Yukon. 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 & CEO 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. All statements in this press release, other than statements of historical fact, are "forward-looking information" with respect to Independence within the meaning of applicable securities laws, including statements with respect to the Company’s planned drilling and exploration activities. The Company provides forward-looking statements for the purpose of conveying information about current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. By its nature, this information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved. These risks and uncertainties include but are not limited to those identified and reported in Independence’s public filings under Independence Gold Corp.’s SEDAR profile at www.sedar.com. Although Independence has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Independence disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise unless required by law. Contact:Telephone: 604-687-3959Facsimile: 604-687-1448E-Mail: info@ingold.ca

  • Independence Gold Recovers Up to 97.9% Gold From 3Ts Property, British Columbia
    GlobeNewswire

    Independence Gold Recovers Up to 97.9% Gold From 3Ts Property, British Columbia

    VANCOUVER, British Columbia, March 04, 2021 (GLOBE NEWSWIRE) -- Independence Gold Corp. (TSX.V: IGO) ("Independence" or "the Company") is pleased to announce the results from metallurgical test work completed on mineralized quartz vein material from its 100% owned 3Ts Project, located approximately 185 kilometres (“km”) southwest of Prince George, British Columbia and situated 20 km southwest of Artemis Gold Inc.’s Blackwater Project. This study was initiated to confirm the results from a previous metallurgical study conducted for Independence by SGS Canada Inc. (see news release dated July 9th, 2013). This study used composite sample from drill core material from the Ted-Mint vein system and subjected it to a three-stage recovery (gravity, floatation, and cyanide leaching). The 2013 study yielded 97.3% gold recovery and 94.9% silver recovery. Sample Selection and PreparationComposite samples comprised of sample rejects of mineralized vein material were collected from drill core recovered during the 2020 program. The first composite comprised material from the Tommy Vein (drill holes 3T-20-01 and 3T-20-02), and the second composite from the Ted-Mint offset vein (drill hole 3T-20-10). These veins yielded gold assay values up to 68.7 grams per tonne (“g/t”) and silver assay values up to 2,550 g/t from meter-scale samples (see news release dated November 4th, 2019). Head ResultsThe following table summarizes the assays results for both composite samples: SampleScreened MetallicsAu g/tAg g/tComposite 1 (Tommy Vein)4.934.3Composite 2 (Ted-Mint Offset Vein)4.2139.0 The metallurgical study from 2013 returned head results 2.28 g/t gold and 66.6 g/t silver from the Ted-Mint vein, therefore the 2021 results appear to show an improvement in grade. Gravity SeparationA single gravity separation test was completed on each composite to evaluate the potential for gravity recoverable gold and silver using a Knelson concentrator. The initial concentrate was then further upgraded to a Mozley shaking table. The Mozley concentrate was submitted for assaying and the tailings used for floatation testing. Gravity methods were poor in Composite 1, managing to recover 1.46% gold and 0.57% silver. Composite 2 showed improved recovery for gold with 27.6%, but silver recovery remained low at 3.62%. Floatation TestworkA single test was conducted on each of the gravity tailings to assess further recoverability of gold and silver, with the concentrate being submitted for assaying and mineralogy. From these tailings, Composite 1 recovered 76.0% gold and 74.8% silver remaining in the stream, while Composite 2 recovered 64.1% gold and 84.8% silver. Cyanide LeachingThe floatation tailings were submitted for bottle roll cyanide leaching tests, lasting for 48-hours with a pH of 10.5 to 11. Both composites performed well and recovered additional gold in the pregnant leach solution. Composite 1 recovered 16.4% gold and 17.1% silver from the floatation tailings, while Composite 2 recovered 6.18% gold and 7.07% silver. Overall ResultsThe following table summarizes the results of the metallurgical test work: Composite 1 (Tommy Vein)Composite 2 (Ted-Mint Offset Vein)Total GoldRecoveryTotal SilverRecoveryTotal GoldRecoveryTotal SilverRecoveryGravity Concentrate1.46% 0.57% 27.6% 3.62% Floatation Concentrate76.0% 74.8% 64.1% 84.8% Leach Concentrate16.4% 17.1% 6.18% 7.07% TOTAL RECOVERY93.9% 92.4% 97.9% 95.5% It is believed that recoverability could be further improved by modifying the processes and with additional mineralogical studies to understand deportment of the gold and silver within the Tommy Vein compared to the Ted-Mint Offset Vein. MethodologySamples rejects were blended, crushed to minus 10-micron mesh, and split into 2 kilogram (“kg”) and 10 kg test charges. For each composite, a 2 kg test charge was selected at random and submitted for head chemical and screened metallics. The 2 kg test charges were split into two, with the first half being used for gold and silver analysis by the screened metallics protocol. The sample was stage pulverized to pass a 150 mesh screen until less than 30 grams remained in the oversize fraction. The oversize fraction, as well as two representative cuts of the undersize, were submitted for gold and silver analysis by fire assay to extinction. About IndependenceIndependence Gold Corp. (TSX.V:IGO) is a mineral exploration company listed on the TSX Venture Exchange. The Company’s holdings range from early-stage grassroots exploration to advanced-stage resource expansion in British Columbia and Yukon. 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 & CEO 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. All statements in this press release, other than statements of historical fact, are "forward-looking information" with respect to Independence within the meaning of applicable securities laws, including statements with respect to the Company’s planned drilling and exploration activities. The Company provides forward-looking statements for the purpose of conveying information about current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. By its nature, this information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved. These risks and uncertainties include but are not limited to those identified and reported in Independence’s public filings under Independence Gold Corp.’s SEDAR profile at www.sedar.com. Although Independence has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Independence disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise unless required by law. Contact:Telephone: 604-687-3959Facsimile: 604-687-1448E-Mail: info@ingold.ca

  • Independence Gold Commences Drilling at 3Ts Project, B.C.
    GlobeNewswire

    Independence Gold Commences Drilling at 3Ts Project, B.C.

    VANCOUVER, British Columbia, Feb. 22, 2021 (GLOBE NEWSWIRE) -- Independence Gold Corp. (TSX.V: IGO) (the "Company") is pleased to announce the commencement of a diamond drilling program at its 100% owned 3Ts Project, located approximately 185 kilometres (“km”) southwest of Prince George, British Columbia and situated 20 km southwest of Artemis Gold Inc.’s Blackwater Gold Project. The winter drill program will consist of 15 diamond drill holes totaling approximately 4,500 metres (“m”). The targets are based on the 3D geological model of the epithermal vein system, combined with the results from the 2020 fall drill program, which focused on testing significant gaps within the historical drilling of the Tommy and Ted-Mint vein system, as well as previously untested targets. A National Instrument 43-101 compliant inferred resource estimate has been calculated for the Tommy and Ted-Mint Veins. Using a 1 g/t gold cutoff grade, the total Inferred Resource for these veins is 5,452,000 tonnes grading 2.52 g/t gold and 71.5 g/t silver, for 441,000 contained ounces of gold and 12,540,000 contained ounces of silver (see news release dated May 6, 2014). The 3Ts Project is comprised of fifteen mineral claims covering approximately 5,200 hectares in the Nechako Plateau region of central British Columbia. The 3Ts Project covers an epithermal quartz-carbonate vein system within which more than a dozen individual mineralized veins, ranging from 50 m to more than 900 m, have been identified. About Independence Independence Gold Corp. (TSX.V:IGO) is a mineral exploration company listed on the TSX Venture Exchange. The Company’s holdings range from early-stage grassroots exploration to advanced-stage resource expansion in British Columbia and Yukon. 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 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. All statements in this press release, other than statements of historical fact, are "forward-looking information" with respect to Independence within the meaning of applicable securities laws, including statements with respect to the Company’s planned drilling and exploration activities. The Company provides forward-looking statements for the purpose of conveying information about current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. By its nature, this information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved. These risks and uncertainties include but are not limited to those identified and reported in Independence’s public filings under Independence Gold Corp.’s SEDAR profile at www.sedar.com. Although Independence has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Independence disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise unless required by law.