Independence Gold Discovers New Gold Zone on the YCS Property, Yukon
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 09/25/12 -- Independence Gold Corp. (TSX VENTURE: IGO) ("Independence Gold" or "the Company") is pleased to announce the discovery of a new gold-in-soil anomaly that includes assay values up to 4.53 grams per tonne (g/t) gold on the YCS Property, following receipt of initial results from its summer exploration program in the Yukon. A total of 5,641 soil and rock samples were collected on the project area of which 800 were collected on the YCS Property. The project area is in the White Gold District, adjacent to the west end of Kaminak Gold's Coffee Property and is approximately 35 kilometers (km) south of Kinross Gold's Golden Saddle deposit and is approximately 60 km south of Comtock's recently announced trenching discovery.
"Based on these highly encouraging soil results, we have commenced a mechanical trenching program and additional soil sampling to expand these new anomalies," said Randy Turner, President and CEO. "Multiple individual high grade gold soil samples received to-date exhibit a similar geochemical signature to Kaminak Gold's multiple discoveries nearby."
New Gold Zone
The Denali Zone is a 700 metre (m) long gold-in-soil anomaly, which contains four areas identified by gold assay values greater than 75 parts per billion (ppb). The Zone includes five soil samples greater than 1.42 g/t gold, and associated anomalous pathfinder elements. Samples within the Zone range from below detection limit to 4.53 g/t gold and average 123.7 ppb gold.
The Denali Zone is located on the Company's YCS Property which is contiguous to, and north of, the Company's Boulevard Property.
Trenching Program
As a result of this discovery, the Company is currently conducting a 225 m follow-up trenching program on the property.
Independence Gold is a junior exploration company focused on precious metals with approximately 5,200 mineral claims covering about 94,400 hectares in the White Gold District, Yukon. For additional information please visit the Company's website www.ingold.ca.
David Pawliuk, P.Geo., the Company's Qualified Person as defined by National Instrument 43-101 for the White Gold District Projects, 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
