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Providing coverage of Alaska and Northwest Canada's mineral industry
October 2016

Vol. 21, No. 42 Week of October 16, 2016

Mining News: Northern Neighbors: Independence expands Boulevard gold zones

Independence Gold Corp. Oct. 12 provided results from a 30-hole drill program at its Boulevard gold project in the White Gold District, Yukon. A total of 1,401 meters of reverse circulation drilling was completed in 15 holes within the Sunrise-Sunset area, which is 8.5 kilometers (5.3 miles) southwest of Goldcorp Inc.’s recently acquired Coffee deposit. Drilling evaluated multi-element soil anomalies within the 2,300-meter-long Sunset trend and focused on testing new, potentially sub-parallel mineralized zones at Sunrise. Highlights include 6.1 meters averaging 7.73 grams per metric ton gold and 22.9 meters of 1.19 g/t gold at the Sunset zone; and 6.1 meters of 4.36 g/t gold within the Sunrise zone. A total of 1,545 meters of RC drilling was completed in 15 drill holes at the Denali zone, situated 14.5 kilometers (nine miles) west of the Coffee deposit, along an interpreted extension of the Coffee Creek fault system. The primary focus for this drilling program was to test along strike and down dip of YCS15-03, a hole drilled last year that retuned 4.25 g/t gold over 6.1 meters. YCS16-08, which was drilled roughly 50 meters down-dip to the northeast from the 2015 discovery hole, cut 4.6 meters averaging 4.28 g/t gold. YCS16-07, also drilled down-dip, cut 1.5 meters averaging 1.78 g/t gold. Additionally, Independence said it completed 12 holes of rotary air blast drilling at Rosebute, a gold property located 29 kilometers (18 miles) north of Kinross' Golden Saddle Deposit. A summary of the results from this program is expected in the coming weeks.

-Shane Lasley






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