Independence Gold Expands Copper-Silver Mineralization at Ootsa Target, 3Ts Project, BC

The October 22, 2025 news release reports on the results of the summer fieldwork program at the Ootsa copper-silver target, part of the larger 3Ts Project in British Columbia. The work has successfully expanded the known mineralization footprint with the discovery of two new copper showings, "Rogers" and "Metz". This has helped define an 8-kilometre-long mineralized trend. The company also reiterated a drill result from early 2025 (hole 3TS-25-15), which intersected 5.49 metres of 0.95% copper and 55.74 g/t silver. The CEO commented that the results indicate a potentially larger mineralized system than previously understood, adding copper and silver potential to the district.

The news is incrementally positive as it demonstrates the growing scale of the Ootsa copper-silver target, a new style of mineralization for the 3Ts project first announced in May 2025. Defining an 8-kilometre trend from surface work is a good early-stage exploration step.

However, the impact is routine and not material for several reasons: 1. No New Drill Results: The release contains no new drill data. It relies on surface mapping and sampling, which are preliminary. The included drill intercept is from a hole reported nearly five months prior (May 22, 2025) and is being re-used to bolster the release. 2. Focus on Secondary Target: While Ootsa adds a new dimension, the company's primary value driver remains the high-grade gold-silver veins (Tommy, Ted-Mint, Johnny, Larry). The market is overwhelmingly focused on the upcoming resource update for these gold-silver systems. 3. Context of Delays: The main catalyst for the company, an updated NI 43-101 Mineral Resource Estimate, was first guided for Q2 2025, then delayed to Q3 2025, and most recently (in the Sept 29 release) delayed again to Q4 2025. This news, while positive, does not address the key investor concern regarding the delay of the resource update.

The announcement confirms the company is actively exploring its large land package, but it does not change the investment thesis or materially impact the company's valuation. The market reaction will likely be muted, as investors continue to wait for the pivotal resource update.

Independence Gold Corp. is a Canadian mineral exploration company focused on its 100%-owned 3Ts Project in the Nechako Plateau region of central British Columbia. The project is located 16 km southwest of Artemis Gold's Blackwater Mine.

The flagship 3Ts project is a low-sulphidation epithermal quartz-carbonate vein district. The company's primary focus has been on expanding the gold-silver resources contained within multiple vein systems, including the Ted-Mint and Tommy veins which form the basis of the 2022 resource estimate. Throughout 2024-2025, aggressive drilling has focused on expanding these veins and defining new, high-grade discoveries, most notably the Johnny and Larry veins. A new copper-silver target, Ootsa, has also been identified, adding a critical minerals component to the project.