Independence Gold Corp. ("Independence" or "the Company") is pleased to announce that it has commenced its $1.5 million Yukon Exploration program in the White Gold District. The program is being conducted from the company's flagship Boulevard Project, located adjacent to the Coffee Gold Project owned by Kaminak Gold Corporation.
Exploration work will be conducted in two phases, each approximately 30 days in length. Phase One will focus on the Boulevard and Moosehorn projects with geological mapping, prospecting, follow-up soil sampling and approximately 500 metres ("m") of trenching. This work is designed to refine drill targets for the second phase of exploration work scheduled to commence mid-July.
Phase Two will consist of approximately 1,500 m of reverse circulation ("RC") drilling at the Denali Zone on the Boulevard Project, following-up on drill hole YCS15-03 that intersected 4.25 grams per tonne gold across 6.10 m. Additionally, approximately 2,000 m of rotary air blast (RAB) drilling is planned on a variety of our White Gold District Projects, pending results from Phase One.
Mr. Randy Turner, President and CEO stated "Goldcorp's proposed acquisition of Kaminak and their Coffee Gold Project has rejuvenated the geologic and economic interest in the White Gold District. We are excited to be one of a handful of companies executing significant exploration programs in the Yukon this season".
The Company would also like to acknowledge the Yukon Government for continuing its Yukon Mining Exploration Program funding and for selecting the Moosehorn Project to receive $40,000 in funding this year.
Independence Gold Corp. (TSX.V: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 www.ingold.ca.
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.