Independence Gold Corp. · TSXV:IGO
Independence Gold — Technical Presentation (November 2022)
32 slides from Independence Gold's technical presentation, November 2022
Slide 1: Technical Presentation
Technical Presentation INGOLD CA November 2022
Slide 2: Forward-looking information and US investor advisory
Certain of the statements made and information contained herein is "forward-looking information" within the meaning of the British Columbia Securities Act. This includes statements concerning the Company's plans at its mineral properties, which involve known and unknown risks, uncertainties and othe
Slide 3: Company highlights and 3Ts Project overview
Strong leadership and technical team with more than 250 years of industry experience that have been involved in several major discoveries, financings and takeovers worth more than $2.0 billion The main asset is the 3Ts Project: • A 43-101 compliant resource estimate with 4,469,297 tonnes at 3.64 g/t
Slide 4: Share Structure
Share Structure* Shares Outstanding ~103.7 Million* Fully Diluted ~115.1 Million* Cash ~$0.11 Million Market ~$6.7 Million Capitalization Share Price $0.065* Share Price (annual) $0.05-$0.13* *Approximate as of June 30, 2022 Financings Share Issuance Proceeds June 2016 Newmont 10,884,880 FT @$0.18/s
Slide 5: Management and directors
Randy Turner, PGeo – President & CEO, Director Michael McPhie, MSc, QEP – Director Mr. Turner is a Professional Geologist with over 50 years of experience in Canadian and Mr. McPhie is a senior mining executive with more than 25 years of operational, international exploration, business & financing.
Slide 6: Boulevard and 3Ts Projects
DAWSON CITY BOULEVARD PROJECT | 100% Interest • Advanced exploration project in the White Gold Area, Yukon YT • Located 135 km south of Dawson City, 35 km south of the Golden Saddle Project WHITEHORSE and contiguous to the Coffee Project (Newmont Corporation) • Significant drill intercepts include 2
Slide 7: 3Ts Property location near Blackwater
Prince George Artemis Gold Resource: 0.69M oz Artemis Gold Au and 39.4 M oz Ag Reserve: 11.7M oz Au and 122.4M oz Ag Capoose Blackwater IGO 3Ts Resource: 0.5M oz Au and 13.8M oz Ag 100% owned, 15 claims covering ~5,200 ha in the Nechako Plateau Region, Central BC 3Ts Property located approximately 1
Slide 8: 3Ts Work Summary
3Ts Work Summary (June 30, 2022) Diamond Drilling 267 Holes, 54,680 m Trenching 45 trenches, 2,060m Ground Geophysics 471 line km Airborne Geophysics 286 line km Soil Samples 3,626 Rock Samples 2,160 7
Slide 9: 3Ts Cost Summary
3Ts Cost Summary Geology $ 640,980 Geophysics 337,803 Drilling 5,018,010 Surface Sampling 497,963 Land Tenure 370,273 Total $ 6,865,029 8
Slide 10: Comparative Geology (3Ts - Blackwater)
COMPARATIVE GEOLOGY (3TS - BLACKWATER) a) 3 uw z z ° = mi rey a w rey Lane and Schroeter, 1997 INGOLD.CA | TSX.
Slide 11: 3Ts Property Geology
Sts PROPERTY GEOLOGY Property Geology UxCa: Granodiorte INDIO: Micodionte | Niifo: Feldspar Porphyry Intrusive NuPIOVD: Basalt a) 4 a a] 3 — mn Te) a J Te) AND: Andeste (MM ass. Basan 8c: Dace 1) Retr Rnyolte Crystal Lapill Tutt FB: Rtpolte Flow Banded RQFP: Rolie Quartz Fokdspar Porphyry WBAmse: Sa
Slide 12: Section A-A'
A A’ Section (Next Slide) 13 11
Slide 13: Hypothetical cross section through the 3Ts project
Hypothetical cross section A A’ through the 3Ts project, including the Ted-Mint and Tommy Vein Systems. Note that the host block for Ted- Mint has been uplifted which has resulted in the precious metals horizon being partially eroded or replaced by the microdiorite sill. 12
Slide 14: Veins discovered, strike length and width
Strike Length Date Resource Veins Surface Width Open Discovered Drilled Calculated Map Johnny Vein 1996 >280m >100m 0.25 to 5.0m Yes No Billy Vein 1994 ~40m N/A 0.4 to 1.0m Yes No Ian Vein 1994 >560m N/A ~1.0m Yes No Tommy Vein 1994 >1km >1km 1.4 to 8.3m Yes Yes Bobby Vein 1994 >200m N/A ~1m Yes No
Slide 15: Current Inferred Resource Estimate by SGS Laboratories
Current Inferred Resource Estimate by SGS Laboratories: Gold Silver AuEQ Gold Silver AuEq Cut-Off Grade Type Tonnes (g/t) (g/t) (g/t) (Ounces) (Ounces) (Ounces) Inferred 0.4 g/t AuEq In-Pit 2,450,000 3.23 98.29 4.30 254,000 7,750,000 339,000 2.0 g/t AuEq U/G 2,020,000 4.13 93.78 5.23 268,000 6,079,0
Slide 16: Metallurgical recovery from composite samples
Composite 1 Composite 2 Tommy Vein Ted-Mint Offset Vein Total Gold Recovery Total Silver Recovery Total Gold Recovery Total Silver Recovery Gravity Concentrate 1.46% 0.57% 27.6% 3.62% Floatation Concentrate 76.0% 74.8% 64.1% 84.8% Leach Concentrate 16.4% 17.1% 6.18% 7.07% Total Recovery 93.9% 92.4%
Slide 17: 2022 winter drilling program
A ~4,200m winter drilling program was completed in April 2022, which tested the Ted-Mint Vein System and the Tommy Vein System, both above and below the Microdiorite sill. This drill program tested new targets identified through the 2021 drill program as well as the 3D induced polarization (IP) and
Slide 18: 2022 Drill Hole Locations
2022 DRILL HOLE LOCATIONS i Program | tions and Roads BALROG Driting Collar and Trace @ 222-Winter-DeB-Program_Pad Locations Infrastructure Lakes, Creeks, and Rivers 1G0_3T_WiaterBosies ~ 1GO_3T Creeks Underexplored Corridor TED-MINT 3 ‘Lda Oud SLE 17
Slide 19: Fine sulphide bands in veins and breccias
Dark bands of extremely fine sulphide persist in the veins and the brecciated zones around them 18
Slide 20: Tommy and Ted-Mint Vein System highlights
Tommy Vein System Highlights: • 3TS-22-11: 4.65 g/t Au and 28.6 g/t Ag over 31.7m, including 18.37 g/t Au and 116.67 g/t Ag over 6.0m. • 3TS-22-12: 12.64 g/t Au and 95.21 g/t Ag over 6.89m, including 31.73 g/t Au and 122.5 g/t Ag over 2.0m. Ted-Mint Vein System Highlights: • 3T-22-01: 8.00 g/t Au an
Slide 21: 2022 exploration program
The 2022 exploration program included: • 17 holes drilled for a total of 4,185 metres • 2,109 core samples sent to SGS for geochemical analysis • Surface mapping and reconciliation of historic data over the Tommy and Ted-Mint Vein Systems • Re-logging of historic core from holes adjacent to current
Slide 22: Airborne Geophysical Survey (2019)
AIRBORNE GEOPHYSICAL SURVEY (2019) Total Magnetic Intensity: 1VD Magnetic Intensity: 4 INDEPENDENCE Several untested targets identified through airborne magnetics INGOLD.CA | TSX.V: IGO
Slide 23: Geophysical IP Results (2021)
GEOPHYSICAL IP RESULTS (2021) ee Resistivity - Near Surface: Conductivity - At Depth: Da ‘103frOud SLE G ee ——— ig / Conductivity 850m RSL “ io INGOLD.CA | TSX.V: IGO
Slide 24: Larry Vein, Ted-Mint and Tommy Veins
Larry Vein Ted-Mint Veins TommyVein 23
Slide 25: 2022 Geochemical Target Areas
2022 GEOCHEMICAL TARGET AREAS sg uw a) 6 — im 4 a a ra) “|INGOLD.cA | TSX.V: IGO
Slide 26: 2021 Deep Geophysical Survey
2021 Deep Geophysical Survey • Completed by Dias Consulting • Deep IP based work – including downhole IP • Results show a chargeability anomaly at depth that has not been drill tested* • Could be a feeder system / pluton for the veins • Indicates potential in areas that are as yet unexplored *In 202
Slide 27: Western Horn of the Balrog
Western Horn of the Balrog – undiscovered veins coming to surface? Never explored on surface or through drilling 26
Slide 28: Planned 2023 exploration program
Planned exploration for 2023 includes a 5,000 metres diamond drill program, in addition to surface trenching and mapping. The exploration program has a $1.3M budget and the drilling will focus on areas identified by the 43-101 resource model for expansion, as well as new targets highlighted by the m
Slide 29: White Gold District, Yukon
WHITE GOLD DISTRICT, YUKON ALASKA VG Zone: Inferred Mineral Resource 230,000 oz @ 1.65 g/t Au (Comstock Metals Press Release Jan 2016) > ior! White Gold Project: Indicated Mineral Resource 961,000 02 @ 2.43 g/t Au (White Gold Corp Press Release Apr 2018) he Moosehorn Independence Gold Corp. Other Cl
Slide 30: Boulevard Project claims and work summary
MACCHIATO SUPREMO AMERICANO LATTE AMERICANO ESPRESSO KONA DOUBLE WEST DOUBLE # of Soil Samples 20,330 Geophysics (line km) 3,579 # (21) Trenching m 4,107 # (51) RC Drilling m 5,787 # (46) Diamond Drilling m 5,936 $ Spent (million) $ 9.5 The Boulevard Project totals 958 claims and 19,960 ha 19 29
Slide 31: 10 diamond drill holes completed in 2017
10 diamond drill holes (977.5 m) completed in 2017 21 30
Slide 32: Contact information
For further information please contact: TSX.V: IGO Telephone: 604-687-3959 or Email: [email protected] www.ingold.ca Randy Turner, President Andrew Randell, P.Geo., is the Qualified Person, as defined by National Instrument 43-101 has reviewed the technical information in this presentation 2020-02
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