Independence Gold Corp. ("Independence" or "the Company") is pleased to announce a $1.8 million budget to drill test the Company's 100% owned Boulevard and Henderson projects located in the White Gold Area south of Dawson City. The 2015 drill programs are scheduled to commence mid-June and will consist of approximately 2,350 metres (m) of reverse circulation drilling and 800 m of diamond drilling.
The Company plans to test both the Denali Zone and the Sunset Zone targets on the Boulevard Project, approximately 135 kilometres (km) south of Dawson City, with reverse circulation drilling. The Boulevard Project is located 35 km south of Kinross Gold Corporation's Golden Saddle deposit, and is contiguous to the Coffee Project, currently being advanced by Kaminak Gold Corporation.
The Denali Zone is located approximately 14 km west of Kaminak's Coffee deposit. Reverse circulation drilling at Denali will follow-up surface trench results of 4.56 grams per tonne ("g/t") gold across 10 m and a 700 m long gold-in-soil anomaly including five soil samples containing greater than 1.4 g/t gold. Soils within this anomaly area also contain anomalous concentrations of the pathfinder elements arsenic and antimony (see the Company's news releases dated September 25 and December 18, 2012).
The Sunset Zone is a 2,200 m long gold-in-soil anomaly with associated anomalous pathfinder elements located 7 km southwest of Kaminak's Coffee deposit. The 2015 reverse circulation drilling program is designed to test northeast trending geophysical anomalies coincidental with gold-, arsenic-, and antimony-in-soil anomalies. Surface trench results of up to 7.04 g/t gold across 6 m, and diamond drill intercepts of up to 2.42 g/t gold across 6.26 m have been obtained during previous exploration programs at the Sunset Zone.
The Henderson Project is located approximately 60 km south of Dawson City, and 25 km northeast of Kinross' Golden Saddle deposit. The Henderson Project covers an area of active placer mining along North Henderson Creek. Cross-cutting fault structures are interpreted to underlie stretches of the creek where coarse placer gold has been recovered. The planned 800 m diamond drill program is designed to test for the presence of significant gold mineralization within these mapped structures.
Independence Gold Corp. (TSX VENTURE:IGO) is a well-financed mineral exploration company listed on the TSX Venture Exchange. With the 3Ts Project located in British Columbia and projects in the Yukon, the portfolio ranges from early stage grassroots exploration to advanced-stage resource expansion. For additional information please visit the Company's website www.ingold.ca.
David Pawliuk, P.Geo., the Company's Qualified Person as defined by National Instrument 43-101 for the White Gold Area projects, has reviewed the technical information in this news release.
INDEPENDENCE GOLD CORP.
Randy Turner, President & CEO