Mint Vein
Holes TT12-56 to TT12-63 inclusive were drilled in the Mint Vein area. Two of these holes intercepted the lower Mint Vein, below a gently dipping microdiorite sill that crosscuts the vertical vein structure. The best intercept from the Mint Vein area grades 1.79 g/t gold and 3.0 g/t silver across 2 m in hole TT12-60. The Mint Vein is open at depth and along strike.
---------------------------------------------------------------- Drill From To Intercept Gold SilverDrill Hole (m) (m) (i)(m) (g/t) (g/t)----------------------------------------------------------------TT12-56 64.5 64.8 0.3 0.98 4.0TT12-56 69.7 72.25 2.55 1.01 5.6----------------------------------------------------------------TT12-57 No Significant Assays----------------------------------------------------------------TT12-58 6.8 8.8 2.0 0.31 36.6----------------------------------------------------------------TT12-59 5.0 11.0 6.0 0.28 16.4----------------------------------------------------------------TT12-60 244.0 246.0 2.0 1.79 3.0----------------------------------------------------------------TT12-61 298.8 299.8 1.0 0.62 21.8Includes 298.8 299.2 0.4 1.00 44.0----------------------------------------------------------------TT12-62 No Significant Assays----------------------------------------------------------------TT-12-63 26.6 27.9 1.3 1.96 17.1Includes 27.6 27.9 0.3 7.39 74.0TT12-63 48.4 48.8 0.4 3.46 5.0----------------------------------------------------------------(i) All holes were drilled between -50 degrees and -60 degrees inclinationand the veins have sub-vertical dips.
Ted Vein
Hole TT12-65 successfully intercepted the Ted Vein below the crosscutting microdiorite sill. The Ted Vein remains open at depth.
---------------------------------------------------------------- Drill From To Intercept Gold SilverDrill Hole (m) (m) (i)(m) (g/t) (g/t)----------------------------------------------------------------TT12-65 323.0 333.5 10.5 0.69 13.1Includes 328.0 329.5 1.5 4.00 17.6----------------------------------------------------------------(i) All holes were drilled between -50 degrees and -60 degrees inclinationand the veins have sub-vertical dips.
The 3Ts Project covers an epithermal quartz-carbonate vein system within which more than 12 individual mineralized veins, ranging up to 20 m in true width, have been identified. Most of these veins have not been delineated by diamond drilling, and are open both along strike and at depth.
A National Instrument 43-101 compliant inferred resource estimate has been calculated for the Tommy, Ted and Mint veins. Using a 1 g/t gold grade cutoff, the total Inferred Resource for these three veins is 3,614,072 tonnes grading 3.39 g/t gold and 85.15 g/t silver for 394,383 contained ounces of gold and 9,894,835 contained ounces of silver (see news release dated January 20, 2012). This inferred resource estimate does not incorporate results reported in this news release.
Well-mineralized vein float boulders at the Ringer Target area (as described in the Company's NI 43-101 technical report filed on SEDAR December 23, 2011) and in other parts of the property indicate potential to discover new mineralized veins within the 3Ts Project area.
An exploration program including diamond drilling is currently being planned for the 3Ts Project, and will commence mid February 2013.
David Pawliuk, P.Geo., the Company's Qualified Person, as defined by NI 43-101, for the 3Ts Project has reviewed the technical information in this news release.
INDEPENDENCE GOLD CORP.
Randy Turner, President
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Independence Gold Corp.
Investor Relations
604-687-3959
604-687-1448 (FAX)
info@ingold.ca
www.ingold.ca
