Independence Gold Corp.

TSX VENTURE : IGO


Independence Gold Corp.

July 09, 2013 13:51 ET

Independence Gold Reports 97.3% Gold Recovery From 3Ts Project, BC

VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 9, 2013) - Independence Gold Corp. (TSX VENTURE:IGO) (the "Company") is pleased to report results from initial, scoping level metallurgical studies on a composite sample of mineralized material from the Ted-Mint Vein, within its 100% owned 3Ts Project, located approximately 185 kilometres ("km") southwest of Prince George, British Columbia and situated 20 km southwest of the Blackwater Project of New Gold Inc. For additional information, please visit the Company's website www.ingold.ca.

The composite sample was prepared using material from Ted-Mint Vein diamond drill holes TT12-65, TT12-66 and TT12-71, completed during the 2012 drilling program (see news release of January 29, 2013). The head grade of the composite sample was 2.28 grams per tonne ("g/t") gold and 66.5 g/t silver.

Test work included a mineralogical study using Automated Rapid Mineral Scan by QEMSCAN. One gravity separation test was performed. A cyanide leach test was performed to determine the recoveries of gold and silver using cyanidation, and nine flotation tests were completed to determine the recoveries of gold and silver using flotation.

The best recovery was obtained using a combination of gravity, flotation and leaching, to yield 97.3% gold recovery and 94.9% silver recovery.

The Company is encouraged by these first test results, and further test work is planned to evaluate methods that will improve the metallurgical process.

The metallurgical test work was conducted by SGS Canada Inc., Vancouver, British Columbia. Mr. Jake Lang, B.E.Sc., Manager Metallurgy, Metallurgical Operations with SGS, reviewed the technical information in this news release.

The 3Ts Project is comprised of thirteen mineral claims covering approximately 4,433 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 up to 900 m in strike length and up to 20 m in true width, have been identified.

Well-mineralized vein float boulders on the 3Ts property indicate there is excellent potential to discover new mineralized veins within the 3Ts Project area.

Independence Gold Corp. is a well-financed exploration company focused mainly on gold and silver projects in British Columbia and the Yukon.

David Pawliuk, P.Geo., the Company's Qualified Person, as defined by NI 43-101, for the 3Ts Project has reviewed the technical information in this news release.

INDEPENDENCE GOLD CORP.

Randy Turner, President

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.

Contact Information

  • Independence Gold Corp.
    Investor Relations
    604-687-3959
    604-687-1448 (FAX)
    info@ingold.ca