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IGO Independence Gold Corp

0.25
0.03 (13.64%)
17 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Independence Gold Corp TSXV:IGO TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.03 13.64% 0.25 0.24 0.25 0.255 0.21 0.22 1,007,696 21:11:14

Independence Gold Commences 2012 Exploration in the White Gold District, Yukon

01/06/2012 1:00pm

Marketwired Canada


Independence Gold Corp. (TSX VENTURE:IGO) ("Independence Gold" or "the Company")
is pleased to announce the commencement of 2012 exploration activities on its
Boulevard and Henderson project areas in the White Gold District, Yukon.


The 2012 exploration program, initially budgeted at $3,700,000, will consist of
geochemical soil sampling, geological mapping and diamond drilling. Exploration
will commence at both areas in early June.


Boulevard Project

The Boulevard Project area has been explored since 2008. A 20 kilometre (km)
long geochemical gold-in-soil anomaly, the Boulevard Trend, has been identified
within the southern portion of the Project area. The 2012 exploration program
will include the collection of approximately 3,500 in-fill soil samples to
better-define previously identified gold-in-soil geochemical anomalies within
the Boulevard Trend. This follow-up sampling is designed to generate additional
diamond drill targets.


The Boulevard Project area is comprised of 5 properties, 1,763 contiguous
mineral claims and covers approximately 36,840 hectares (ha). The Project is
located 135 km south of Dawson City and adjoins the western side of Kaminak Gold
Corporation's Coffee Gold Project.


Henderson Project

An airborne geophysical survey was flown over Henderson during 2011. The survey
results indicate the presence of fault structures in an area of active placer
mining. Geological mapping at Henderson will focus on identifying mineralized
structures, with follow-up diamond drilling planned for late August.


The Henderson Property, located 60 km south of Dawson City and 30 km north of
Kinross' Golden Saddle deposit, is comprised of 742 contiguous mineral claims
and covers approximately 15,500 ha.


Independence Gold has approximately 5,200 mineral claims covering about 94,400
ha within the White Gold District. For additional information please visit the
Company's website www.ingold.ca. 


The Company's Vice President of Exploration, Mr. David Pawliuk, P.Geo., is the
Qualified Person as defined by National Instrument 43-101 for these projects and
has reviewed the technical information in this news release.


INDEPENDENCE GOLD CORP.

Randy Turner, President

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