Mining News: Northern Neighbors: Independence lays out $1.5M Yukon exploration plan

Independence Gold Corp. April 27 reported an initial C$1.5 million exploration budget for 2016, which will fund roughly 1,500 meters of reverse circulation drilling at its Boulevard project, trenching on the Moosehorn project and geochemical sampling on several of the company’s Yukon properties. All projects are located in the White Gold District south of Dawson City. Located about 135 kilometers (85 miles) south of Dawson City, Boulevard is contiguous to Kaminak Gold Corp.’s Coffee project. This year’s work at Boulevard will continue testing the Denali Zone, a 700-meter-long soil anomaly drilled with five RC holes in 2015. YCS15-01 3.33 grams per metric ton gold over 3.05 meters and YCS15-03 cut 4.25 g/t gold over 6.1 meters, defining a 130-meter-long zone that is open along strike and at depth. Located roughly 130 kilometers (80 miles) south of Dawson City, and five kilometers (three miles) east of the Yukon-Alaska border, Moosehorn hosts a 1,200-meter-long gold-arsenic soil anomaly and covers an area that drains into multiple placer gold creeks. Independence plans to complete two additional soil sampling grids to extend the anomaly along strike and complete three trenches across the width of the anomaly to determine the zones structural orientation and identify future drill targets. Independence also reported that David Pawliuk, has retired as vice president, exploration, but will remain as an advisor.

- Shane Lasley