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As of 3:57 PM 07/9/14 All times are local (Market data is delayed by at least 15 minutes).

independence gold corp (IGO) Snapshot

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52 Week High
08/26/13 - C$0.17
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12/19/13 - C$0.10
Market Cap
5.9M
Average Volume 10 Days
15.4K
EPS TTM
--
Shares Outstanding
43.8M
EX-Date
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P/E TM
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Dividend
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Dividend Yield
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Current Stock Chart for INDEPENDENCE GOLD CORP (IGO)

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independence gold corp (IGO) Details

Independence Gold Corp. engages in the acquisition, exploration, and evaluation of mineral properties in Canada. It explores for gold and silver properties. The company holds a 100% interest in the 3Ts Project comprising 13 mineral claims covering an area of 4,275 hectares located in the Nechako Plateau region of central British Columbia. It also holds interests in the Snowcap Project consisting of 1,763 claims with an area of 36,840 hectares; Henderson Project comprising 742 claims covering an area of 15,500 hectares; Keno Project with 19 quartz mining leases consisting of 283 hectares; and other White Gold Area Projects situated in the Yukon Territory. The company was incorporated in 2011 and is headquartered in Vancouver, Canada. Independence Gold Corp. is a subsidiary of Silver Quest Resources Ltd.

Founded in 2011

independence gold corp (IGO) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$260.0K
Compensation as of Fiscal Year 2012.

independence gold corp (IGO) Key Developments

Independence Gold Commences Drilling at 3Ts Project, BC

Independence Gold Corp. announced the commencement of a 3,500 metre diamond drilling program at its 100% owned 3Ts Project. The 3Ts Project is located approximately 185 kilometres southwest of Prince George, British Columbia and 20 km southwest of New Gold Inc.'s Blackwater gold deposit. The 3Ts Project is comprised of fourteen mineral claims covering approximately 4,934 hectares in the Nechako Plateau region of central British Columbia. Eight samples from well-mineralized vein float boulders at the Ringer Target averaged 19.0 g/t gold with 140 g/t silver. Additional mineralized boulders from east and north of the Ringer Target contain 18.0 g/t gold with 176 g/t silver, 8.2 g/t gold with 81 g/t silver and 7.0 g/t gold with 202 g/t silver. A 2003 vein float sample from Adrian Creek, east-southeast of the Ringer Target, assayed 89.8 g/t gold with 592 g/t silver. The area north and east of the Ringer Target contains geochemical gold-in-till anomalies (maximum 64 ppb) that are up to approximately 450 m across, in addition to the well-mineralized vein float boulders. Several linear, northerly trending ground magnetic features, that are probably associated with fault structures, cross the Ringer Target area. The coincidence of geochemical and geophysical anomalies with well-mineralized vein float indicates that the Ringer Target area has excellent potential for the discovery of new mineralized veins. Several holes will be drilled within this target area during the summer 2014 drilling program. The Butch Vein Target area is located approximately 400 m west of the central part of the Ted-Mint Vein, an area with little or no previous drilling. Drilling will test for the bedrock source of well-mineralized vein float boulders which assayed up to 37.0 g/t gold with 202 g/t silver. Surface samples of vein material from both the Butch Vein structure and the Swamp Zone (200 m east of the Butch Vein) contain anomalous gold concentrations. Glacial tills from the Swamp Zone contain from 7 to 34 parts per billion gold, and tills from the Butch Vein area contain up to 77 ppb gold. Drilling in this target area will also test for the presence of a mineralized vein along a northerly trending fault structure which was identified during 2013 geological mapping program; all of the known mineralized veins at the 3Ts Project occur along northerly trending faults. More than 60 vein float boulders have been found between 50 to 200 m south of the Ted-Mint Vein. Drilling will test for the bedrock source of these vein float boulders, which assay up to 7.2 g/t gold with 130 g/t silver. In addition, soils from this boulder-rich area locally contain anomalous concentrations of gold, up to 73 ppb.

Independence Gold Corp. Increases Resource Estimate for 3Ts Project, BC

Independence Gold Corp. announced that the National Instrument (NI) 43-101 compliant Inferred Resource estimate on its 100% owned 3Ts Project has been increased by 12% for the contained ounces of gold and by 27% for the contained ounces of silver. This updated Inferred Resource estimate for the Ted and Mint veins incorporates results from the 2012 and 2013 diamond drilling programs. The 3Ts Project is located approximately 120 kilometres southwest of Vanderhoof and consists of fourteen mineral claims covering approximately 4,934 hectares in the Nechako Plateau region of central British Columbia. The 3Ts Project covers an epithermal quartz-carbonate vein system within which more than a dozen individual mineralized veins, ranging up to 900 metres (m) in strike length and up to 20 m in true width, have been identified. The current combined NI 43-101 compliant Inferred Resource estimate including the Ted, Mint, and Tommy veins is 5,452,000 tonnes grading 2.52 g/t gold and 71.5 g/t silver at a cut-off grade of 1.0 g/t gold. This inferred resource is now estimated to contain a total of 441,000 ounces of gold and 12,540,000 ounces of silver. The updated inferred resource estimates for the Ted and Mint veins and are reported at a series of cut-off grades. These veins are open at depth and along strike. The current 3Ts mineral resource estimates are based on a database of 205 drill holes (41,450 m) with 4,449 assay values. Drill hole collar locations, down hole surveys and assay values were verified against drill logs and assay certificates. The mineral resources were estimated using 1.0 m composites of the assay values, with zero grade inserted into intervals that were not sampled.

Independence Gold Corp. Completes Exploration Program on its 100% Owned 3Ts Project

Independence Gold Corp. announced that an exploration program has been completed on its 100% owned 3Ts Project. The 3Ts Project is located approximately 185 kilometres ("km") southwest of Prince George, British Columbia and situated 20 km southwest of the Blackwater Project of New Gold Inc. The 3Ts Project covers an epithermal quartz-carbonate vein system within which more than 12 individual mineralized veins, ranging up to 20 metres in true width and up to 900 metres along strike, have been identified. Most of these veins are open both along strike and at depth. There is potential to discover new mineralized veins within the 3Ts Project property. Well-mineralized vein float boulders have been found at the Ringer Target area and in other parts of the property. The current work program, consisting of geochemical till and soil sampling, geological mapping and prospecting, is designed to delineate potential bedrock source areas for these well-mineralized vein float boulders. These target areas may be tested by future diamond drilling. The existing magnetic survey coverage of the project area has been expanded by additional ground magnetic geophysical surveying. Previous magnetic data has assisted in delineating fault structures, as well as determining the character of the underlying bedrock. Fault structures are important at the 3Ts Project area, because all of the known mineralized veins are hosted by faults, and the mineralized veins are locally offset by later, crosscutting faults.

 

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