Independence Gold Corp. · TSXV:IGO
Independence Gold — Technical Presentation (March 2023)
34 slides from Independence Gold's technical presentation, March 2023
Slide 1: Technical Presentation
Technical Presentation INGOLD.CA | TSX.V: IGO March 2023
Slide 2: Forward Looking Statement
INDEPENDENCE GOLD CORP. FORWARD LOOKING STATEMENT 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 invol
Slide 3: Corporate Summary
INDEPENDENCE GOLD CORP. CORPORATE SUMMARY 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
Slide 4: Capital Structure
INDEPENDENCE GOLD CORP. CAPITAL STRUCTURE Share Structure* Shares Outstanding ~130.4 Million Fully Diluted ~159.7 Million Cash ~$1.58 Million Market Capitalization ~$17.6 Million Share Price $0.05 Share Price (annual) $0.04-$0.135 *Approximate as of December 31, 2022 Financings Share Issuance Procee
Slide 5: Directors and Management
INDEPENDENCE GOLD CORP. DIRECTORS AND MANAGEMENT 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,
Slide 6: Independence Gold Projects
INDEPENDENCE GOLD CORP. INDEPENDENCE GOLD PROJECTS BOULEVARD PROJECT | 100% Interest DAWSON CITY • Advanced exploration project in the White Gold Area, Yukon • Located 135 km south of Dawson City, 35 km south of the Golden Saddle Project and contiguous to the Coffee Project (Newmont Corporation) • S
Slide 7: 3Ts Property
3TS PROJECT, BC 3Ts PROPERTY 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 Pro
Slide 8: Exploration Summary
3TS PROJECT, BC EXPLORATION 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 INGOLD.CA | TSX.V: IGO 7
Slide 9: Exploration Cost Summary
3TS PROJECT, BC EXPLORATION COST SUMMARY 3Ts Cost Summary Geology $ 713,559 Geophysics 337,803 Drilling 5,094,900 Surface Sampling 508,323 Land Tenure 410,067 Total $ 7,064,652 INGOLD.CA | TSX.V: IGO 8
Slide 10: Comparative Geology (3Ts - Blackwater)
3TS PROJECT, BC COMPARATIVE GEOLOGY (3TS - BLACKWATER) 3Ts INGOLD.CA | TSX.V: IGO 9
Slide 11: 3Ts Property Geology
3Ts PROPERTY GEOLOGY 3TS PROJECT, BC INGOLD.CA |13TSX.V: IGO 10
Slide 12: 3Ts Vein System Geology
3Ts VEIN SYSTEM GEOLOGY 3TS PROJECT, BC A A’ Section (Next Slide) INGOLD.CA |13TSX.V: IGO 11
Slide 13: 3Ts Cross Section
3Ts CROSS SECTION 3TS PROJECT, BC 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
Slide 14: 3Ts Veins
3TS PROJECT, BC 3Ts VEINS 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
Slide 15: 2022 Global Resource
3TS PROJECT, BC 2022 GLOBAL RESOURCE 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 2,02
Slide 16: 3Ts Metallurgy
3TS PROJECT, BC 3Ts METALLURGY 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.
Slide 17: 2022 Exploration Summary
3TS PROJECT, BC 2022 EXPLORATION SUMMARY 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
Slide 18: 2022 Drill Hole Locations
3TS PROJECT, BC 2022 DRILL HOLE LOCATIONS INGOLD.CA | TSX.V: IGO 17
Slide 19: Resource Distribution
3TS PROJECT, BC RESOURCE DISTRIBUTION INGOLD.CA | TSX.V: IGO 18
Slide 20: Mineralization
3TS PROJECT, BC MINERALIZATION Dark bands of extremely fine sulphide persist in the veins and the brecciated zones around them INGOLD.CA | TSX.V: IGO 19
Slide 21: 2022 Drill Highlights
3TS PROJECT, BC 2022 DRILL 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
Slide 22: 2022 Exploration Programs
3TS PROJECT, BC 2022 EXPLORATION PROGRAMS 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 hi
Slide 23: Airborne Geophysical Survey (2019)
3TS PROJECT, BC AIRBORNE GEOPHYSICAL SURVEY (2019) Total Magnetic Intensity: 1VD Magnetic Intensity: Several untested targets identified through airborne magnetics INGOLD.CA | TSX.V: IGO 22
Slide 24: Geophysical IP Results (2021)
3TS PROJECT, BC GEOPHYSICAL IP RESULTS (2021) Resistivity Near Surface: Conductivity At Depth: Several untested targets identified through airborne magnetics INGOLD.CA | TSX.V: IGO 23
Slide 25: Total Magnetic Intensity Interpretation (2021)
3TS PROJECT, BC TOTAL MAGNETIC INTENSITY INTERPRETATION (2021) Larry Vein Ted-Mint Veins TommyVein INGOLD.CA | TSX.V: IGO 24
Slide 26: 2022 Geochemical Target Areas
3TS PROJECT, BC 2022 GEOCHEMICAL TARGET AREAS INGOLD.CA | TSX.V: IGO 25
Slide 27: Veins and Porphyry Targets
3TS PROJECT, BC VEINS AND PORPHYRY TARGETS 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
Slide 28: Balrog Target Area
3TS PROJECT, BC BALROG TARGET AREA Western Horn of the Balrog – undiscovered veins coming to surface? Never explored on surface or through drilling INGOLD.CA | TSX.V: IGO 27
Slide 29: 2023 Proposed Exploration
3TS PROJECT, BC 2023 PROPOSED EXPLORATION Planned exploration for 2023 includes a 5,000 metres diamond drill program, in addition to surface trenching and mapping. The exploration program has a $1M budget and the drilling will focus on areas identified by the 43-101 resource model for expansion, as
Slide 30: Laidman Project, BC
LAIDMAN PROJECT, BC LAIDMAN PROJECT Grassroots exploration project staked in 2023 Comprised of 6 mineral claims totaling 108 km2 Largely underlain by the Laidman Batholith, a regional-scale quartz monzonite intrusion that extends east towards the Blackwater Gold Project held by Artemis Gold Inc. An
Slide 31: White Gold District, Yukon
WHITE GOLD DISTRICT, YUKON WHITE GOLD DISTRICT, YUKON INGOLD.CA |18TSX.V: IGO 30
Slide 32: Boulevard Geology
BOULEVARD GEOLOGY WHITE GOLD DISTRICT, YUKON 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 Proj
Slide 33: Boulevard Drilling
BOULEVARD DRILLING WHITE GOLD DISTRICT, YUKON 10 diamond drill holes (977.5 m) completed in 2017 INGOLD.CA |21TSX.V: IGO 32
Slide 34: For further information please contact
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 INGO
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