Announcement • Aug 01
Independence Gold Corp Discovers New Dixie Vein At 3Ts Project
Independence Gold Corp. announced the discovery of the Dixie Vein, a previously unknown blind epithermal vein system at its wholly owned 3Ts Gold and Silver Project. The 3Ts Project comprises thirty-one mineral claims covering approximately 35,486 hectares in the Nechako Plateau region. The project lies 16 km southwest of Artemis Gold Inc.’s Blackwater Mine and hosts a low-sulphidation epithermal quartz-carbonate vein district within which at least twenty known mineralized veins, ranging from 50 to over 1,100 metres in strike length and true widths up to 32 metres, have been identified, twelve of which remain untested by drilling. The Dixie discovery represents the third blind vein discovery generated from the Company's district-scale structural exploration model, following the previously announced Balrog and Goofy vein discoveries. The Dixie Vein was discovered approximately 260 metres east of the Tommy Vein System. Discovery hole 3TS-26-29 intersected 11.40 metres grading 2.80 grams per tonne gold and 12.54 grams per tonne silver, including 1.99 metres grading 6.94 grams per tonne gold and 25.13 grams per tonne silver. A lower polymetallic zone returned 14.19 metres grading 0.43% lead and 1.37% zinc including 1.31 metres grading 3.05% lead and 13.15% zinc. Distinct vertical metal zoning provides compelling evidence for multiple hydrothermal events and telescoping of the epithermal system. Additional drilling has been completed along strike and below the discovery, with assays pending. The Dixie Vein was intersected between approximately 128 and 154 metres downhole in discovery hole 3TS-26-29, representing a mineralized vein package approximately 26 metres wide. Based on the current interpretation, true width is estimated to be approximately 85% of the reported core interval. The upper portion of the vein is characterized by strong gold-silver mineralization hosted within quartz-carbonate veining and brecciation. The Dixie discovery is significant for two reasons. Firstly, it represents the third successful blind vein discovery generated directly from the Company's district-scale exploration model. Secondly, it provides important new insight into the evolution of the hydrothermal system at the 3Ts Project. Unlike previous discoveries, the Dixie Vein preserves distinct vertical metal zoning within a single structural corridor. The upper portion of the vein hosts gold-silver mineralization that transitions downward into a lead-zinc-rich polymetallic assemblage. This vertical metal zoning suggests the vein experienced multiple episodes of hydrothermal activity, with repeated fault movement allowing successive mineralizing fluids to overprint earlier mineralization. This process, commonly referred to as epithermal telescoping, indicates that the hydrothermal system remained active over an extended period of time and that the same structural corridors were repeatedly reactivated by mineralizing fluids. Recognition of this telescoping significantly advances the Company's understanding of the 3Ts hydrothermal system and provides important geological criteria for targeting higher-grade mineralization elsewhere across the district. In addition to validating the Company's exploration model, the discovery of the Balrog, Goofy and Dixie veins have the potential to contribute to the future resource growth at the 3Ts Project. A significant update to the mineral resource estimate for the 3Ts Gold and Silver Project in the Fourth Quarter of 2025. Cut-Off AuEq (g/t) Type Classification Tonnes Gold (g/t) Silver (g/t) AuEq (g/t) Gold (Ounces) Silver (Ounces) AuEq (Ounces) 0.3 In-Pit Indicated 2,218,000 3.01 81.94 4.07 217,000 5,843,000 290,000 2.0 Underground 576,000 3.72 83.87 4.77 69,000 1,553,000 88,000 TOTAL 2,794,000 3.18 82.35 4.22 286,000 7,396,000 378,000 0.3 In-Pit Inferred 968,000 2.71 67.80 3.56 84,000 2,110,000 111,000 2.0 Underground 1,994,000 3.35 75.93 4.30 215,000 4,868,000 276,000 TOTAL 2,962,000 3.14 73.27 4.06 299,000 6,978,000 387,000. The 2026 spring exploration program has now been completed, with approximately 10,000 metres of diamond drilling completed across multiple target areas throughout the 3Ts Project. Results remain pending from several drill holes and will be released following receipt and interpretation of laboratory assays. Plans are currently underway for a summer exploration program, followed by a fall drill program. All drill core was logged, photographed, cut and sampled at the Company's secure core facility. Samples consist of (NQ) drill core with one half retained for reference material and one-half placed in sealed bags and shipped to SGS Canada Inc. in Burnaby, British Columbia, an independent ISO/IEC 17025 accredited laboratory, for sample preparation and analysis. Sample preparation and all analytical work were completed at the SGS Burnaby facility. Gold analyses were completed using a 30-gram fire assay with atomic absorption spectrometry finish (GO_FAA30V10). Multi-element analyses, including silver, lead, zinc, copper and pathfinder elements, were determined by aqua regia digestion followed by ICP-AES analysis (GE_ICP21B20). Samples returning values above analytical limits are re-analyzed using appropriate over-limit methods where required. The Company's quality assurance and quality control (QA/QC) program includes the routine insertion of certified reference materials, blank samples and field duplicates into each sample batch. Internal laboratory quality control procedures, including the analysis of certified standards, blanks and duplicate samples, were also completed by SGS as part of its analytical program. Review of the QA/QC results indicates that analytical accuracy and precision are within acceptable limits, and the Qualified Person is satisfied that the reported assay data are suitable for disclosure. Drill Hole Location Data: Drill Hole Easting Northing Elevation Azimuth Dip Total Meterage (m) 3TS-26-29 363,903 5,876,716 1,194.00 280° -60 179. All drill hole locations are in NAD83, Zone 10 Datum.
