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Discoveries confirmed at Coffee neighbor

 

Last updated 8/30/2015 at Noon



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.

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