Independence Gold Corp.

Independence Gold Corp.

July 07, 2016 08:00 ET

Independence Gold Provides Yukon Exploration Program Update

VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 7, 2016) - Independence Gold Corp. (TSX VENTURE:IGO) ("Independence" or "the Company") is pleased to announce the successful completion of its Phase One exploration program in the White Gold District.

The Phase One exploration program was focused on the Boulevard and Moosehorn Projects and included geologic mapping, prospecting and the collection of 1,056 soil samples. In addition, 527 metres ("m") of trenching was completed at the Moosehorn Project. Results from this program are pending, and once received will assist in refining drill targets for the second phase of Yukon exploration work, scheduled to commence mid-July.

Phase Two of the Yukon exploration program will consist of approximately 2,000 m of reverse circulation ("RC") drilling at the Denali and Sunrise-Sunset Zones on the Boulevard Project. RC drilling will follow-up drill hole YCS15-03 which intersected 4.25 grams per tonne ("g/t") gold across 6.10 m at Denali as well as testing the multi-element soil anomaly that defines the 2.3 kilometre ("km") long Sunrise-Sunset Zone. Additionally, up to 1,500 m of rotary air blast ("RAB") drilling is planned for the Hudbay Zone on the newly optioned Rosebute Property (July 5, 2016 news release). The Hudbay Zone hosts three, north trending gold-in-soil anomalies, each greater than 1.0 km in length and 150 m in width. In 2012, Taku intersected 6.2 g/t gold over 5.0 m (Trench 2), 1.2 g/t gold over 10.0 m (trench 5) and 1.5 g/t gold over 20.0 m (Trench 4) (Taku news release September 12, 2012) all located within the Hudbay Zone.

Independence Gold Corp. (TSX VENTURE:IGO) is a well-financed mineral exploration company listed on the TSX Venture Exchange, with a portfolio of projects in the Yukon and the 3Ts Project located in British Columbia. The Company's holdings range from early stage grassroots exploration to advanced-stage resource expansion. For additional information please visit the Company's website

David Gale, P.Geo., the Company's Qualified Person as defined by National Instrument 43-101 for the White Gold District projects, has reviewed the technical information in this news release.


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.

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