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 Hole	From (m)	To (m)	Drill Intercept (m)	Au (g/t)	Ag (g/t)
3T-21-01	293.35	307.00	13.65	5.07	258.10
Including	293.35	299.2	5.85	8.60	577.62

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 Hole	From (m)	To (m)	Drill Intercept (m)	Cu* (%)	Mo (ppm)	Pb (ppm)	Zn* (%)
3T-20-06	401	409	8	0.07	56.75	818.75	0.44
Including	404	406	2	0.15	140.67	583.33	1.01
Including	404	407	3	0.21	209.00	852.50	0.92
Including	403	406	3	0.16	145.00	2,095.33	0.69
*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