3Ts Project Program On Ian Vein System

VANCOUVER - Independence Gold Corp. reported on the the Ian Vein System spring drill program carried out at its 3Ts Project. The 3Ts Project is located approximately 185 kilometres (km) southwest of Prince George, British Columbia and is comprised of seventeen mineral claims covering approximately 8,840 hectares in the Nechako Plateau region of central British Columbia. It is situated 16 km southwest of Artemis Gold Inc.'s Blackwater Project and covers a low-sulphidation epithermal quartz- carbonate vein district within which more than a dozen individual mineralized veins, ranging from 50 metres (m) to more than 1,100 m in strike length, with true widths up to 25m, have been identified.

The spring drill program, consisting of 22 holes and totaling 5,130m, was designed to test several targets along the Ted-Mint and Tommy Vein Systems, both near surface and at depth below the sill. The program also tested early-stage exploration targets, including the Ian and Johnny veins, in order to generate additional drill data for incorporation into the current resource model. The combined in-pit and underground components of the Tommy and Ted-Mint vein systems contain a total inferred resource estimate of 4,469,297 tonnes grading 3.64 grams per tonne (g/t) gold and 96.26 g/t silver, at a cut-off grade of 0.4 g/t gold equivalent (AuEq) in-pit and 2.0 g/t AuEq underground, containing 522,330 ounces of gold and 13,831,415 ounces of silver, or 687,156 AuEq ounces.

The Ian Vein System is a series of parallel quartz-carbonate veins that lie approximately 240m to the west of the Tommy Vein System. Two drill holes were completed during the 2024 spring program to test the Ian Vein System along strike and at depth below the original "discovery" hole (3TS-23-29) which intersected 6.10 g/t gold and 66.05 g/t silver over 6.98m.

Drill hole 3TS-24-13 was drilled approximately 40m northeast of drill hole 3TS-23-29 and drill hole 3TS-24-14 was designed to test the Ian Vein at depth below drill hole 3TS-23-29. One sample from drillhole 3TS-24-14 returned 131 g/t gold which is the highest assay for gold since work started at 3Ts in 1995. The main Ian Vein System has now been traced laterally for approximately 160m and to 115m below surface and remains open along strike and at depth.

Randy Turner, President and CEO, said, "We are very pleased with the drill results from the Ian Vein System. Not only does this drilling indicate high grade gold and silver intercepts but the Ian Vein System appears to be increasing in both width and grade at depth and remains open along strike and at depth, giving us many targets for future drill programs. We look forward to incorporating the Ian Vein System into our current resource model."