The mining newspaper for Alaska and Canada's North

Discoveries confirmed at Coffee neighbor

Independence Gold Corp. Aug. 24 reported encouraging results from drilling of two gold discoveries at its Boulevard Project, located adjacent to Kaminak Gold Corp.'s Coffee gold project in Yukon Territory.

The 1,746-meter (13 holes) reverse circulation drill program tested two previous undrilled soil anomalies.

The best intercepts are 7.23 grams per metric ton gold across 12.2 meters at the Sunrise zone, and 4.25 g/t gold across 6.1 meters at the Denali zone, located 13 kilometers northwest of Sunrise.

A follow-up program including ground magnetic surveying, geological mapping and additional RC drilling has been initiated.

Independence has increased its 2015 exploration budget to C$2 million.

The company postponed planned drilling at the Henderson gold project in order to carry out the follow-up program at Boulevard.


Author Bio

Shane Lasley, Publisher

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Over his more than 16 years of covering mining and mineral exploration, Shane has become renowned for his ability to report on the sector in a way that is technically sound enough to inform industry insiders while being easy to understand by a wider audience.


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