Independence Gold Hits Gold in Johnny Vein System
Generado por agente de IAHarrison Brooks
jueves, 20 de marzo de 2025, 4:46 am ET3 min de lectura
In the heart of British Columbia, Independence Gold Corp. has struck gold—literally. The company's recent drilling results from the Johnny Vein System at the 3Ts Project have revealed significant gold and silver mineralization, potentially adding substantial value to the project's overall resource potential. This discovery is not just a win for Independence Gold; it's a testament to the power of persistent exploration and the potential for transformative growth in the mining industry.
The Johnny Vein System, located 600 meters west of the Tommy Vein System, has yielded some of the best mineralized zones to date. Drill holeDTI-- 3TS-25-05 returned an impressive 77.00 meters grading 4.04 g/t gold and 40.90 g/t silver, with an estimated true width of approximately 32.00 meters. This is a game-changer, highlighting the potential to contribute additional ounces to the upcoming resource update expected in the second quarter of 2025.
The discovery of new mineralized zones in the Johnny Vein System is a significant milestone for Independence Gold. It underscores the company's strategic goals of adding shareholder value through systematic project advancement. The ongoing drilling program, which has completed 8,700 meters of the planned 10,000-meter program, demonstrates the company's commitment to exploring the project's full potential. The results from this program will provide additional data for an updated resource model and guide future exploration and development activities.
The 3Ts Project, located in the Nechako Plateau region of central British Columbia, is a 100% owned project by Independence Gold Corp. The project has been explored for over 30 years, yet the discovery of new precious-metal hosting veins in the past two years shows that the project has lots of potential. The project's geological setting, characterized by a microdiorite sill that divides the veins into upper and lower portions, provides a clear target for exploration. The upper sections of the veins fall into an "open-pit" scenario, while the lower extents have an "underground mining" component. This separation is reflected in the inferred resource calculations and guides the exploration strategy.
The recent drill results from the Johnny Vein System have shown significant mineralization, which compares favorably to previous findings. For instance, drill hole 3TS-25-05 returned 77.00 meters grading 4.04 g/t gold and 40.90 g/t silver, with an estimated true width of approximately 32.00 meters. This is one of the best mineralized zones to date within the Johnny Vein System, highlighting the potential to contribute to the upcoming resource update expected in the second quarter of 2025. The Johnny Vein System is situated 600 meters to the west of the Tommy Vein System and has a defined strike length of approximately 265 meters. This discovery indicates that the Johnny Vein System has the potential to add additional ounces to the upcoming mineral resource estimate, further enhancing the project's overall resource potential. The proximity of the Johnny Vein System to the existing resource model underscores its potential to add additional ounces to the upcoming mineral resource estimate. With drilling ongoing, the Company remains focused on further delineation and expansion of the known high-grade zones.
The discovery of new mineralized zones in the Johnny Vein System is expected to have a significant impact on the upcoming resource update in the second quarter of 2025. The recent drilling results have intersected some of the best mineralized zones to date within the Johnny Vein System, which highlights the potential to contribute additional ounces to the project's resource estimates. For instance, drill hole 3TS-25-05 returned 77.00 meters grading 4.04 g/t gold and 40.90 g/t silver, with an estimated true width of approximately 32.00 meters. This discovery suggests that the Johnny Vein System has the potential to add significant value to the overall resource model of the 3Ts Project.
The potential revisions to the project's resource estimates might include an increase in the total inferred resource, particularly in the gold and silver categories. The high-grade intersections in the Johnny Vein System suggest that the overall grade of the mineralized zones could be higher than previously estimated. This could lead to a more optimistic resource model, which in turn could attract more investment and interest in the project.
In conclusion, the discovery of significant gold and silver mineralization in the Johnny Vein System at the 3Ts Project is a major win for Independence Gold Corp. It underscores the company's strategic goals of adding shareholder value through systematic project advancement and positions the company as a key player in the mineral exploration and mining industry. The ongoing drilling program and the potential for further discoveries and expansions within the Johnny Vein System suggest that the 3Ts Project has a bright future ahead. As the company continues to explore and develop the project, it is poised to unlock even more value for its shareholders and stakeholders.
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