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Independence discovers new gold anomaly

2nd August 2016

By: Anine Kilian

Contributing Editor Online

  

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JOHANNESBURG (miningweekly.com) – TSX-listed mineral exploration company Independence Gold announced on Tuesday that it had discovered a new gold anomaly, Kahiltna, during its Phase One exploration programme on its 100%-owned Boulevard project, contiguous to Goldcorp’s Coffee gold deposit, in Canada’s White Gold District, Yukon. 

The Kahiltna anomaly is a 1 200 m-long gold-arsenic-antimony soil geochemical anomaly located 750 m north of and subparallel to the Denali zone. 

The anomaly extends east to the Boulevard-Coffee property boundary and is open along trend to the west.

Kahiltna has been identified by gold, arsenic and antimony values, which range from below detection to 289 parts per billion gold, 1 110 parts per million (ppm) arsenic and 44 ppm antimony. 

The anomaly is underlain by an extensive assemblage of quartz biotite schists with interlayered quartzite horizons. 

Independence is currently conducting a reverse-circulation (RC) drilling programme on the Boulevard project, and intends to drill test the newly identified Kahiltna anomaly.

The company has also extended the soil geochemical anomaly, identified by gold and arsenic, on the Moosehorn project, from 1 200 m to 1 400 m along trend, with the anomaly still open to the north.

In addition, Independence excavated a total of 527 m in three trenches on Moosehorn, confirming gold mineralisation in sub-crop in each trench.
 

Edited by Samantha Herbst
Creamer Media Deputy Editor

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