Independence Gold Intersects 9.07 g/t Gold and 70.56 g/t Silver over 31.04 Metres at the Tommy Vein, 3Ts Project, BC
Independence’s Tommy infill drilling returned high-grade intersections, though the resource upgrade remains unproven.
Independence Gold Corp. (IGO) released results on August 19, 2026, for two diamond drill holes at the Tommy Vein System on its 3Ts Gold and Silver Project in British Columbia. The company described the holes as resource infill tests designed to refine an interpreted intersection between radial and arcuate structures.
Hole 3TS-26-34 intersected 31.04 metres from 11.96 metres to 43.00 metres grading 9.07 g/t gold and 70.56 g/t silver. Within that interval, the release highlights 4.84 metres grading 16.62 g/t gold and 145.45 g/t silver, and 9.77 metres grading 18.24 g/t gold and 90.69 g/t silver. The company estimates the true width of this interval at approximately 19 metres.
Hole 3TS-26-27 intersected 27.63 metres from 7.00 metres to 34.63 metres grading 5.86 g/t gold and 51.83 g/t silver. Within that interval, the release highlights 5.07 metres grading 16.20 g/t gold and 126.23 g/t silver, plus narrower higher-grade sub-intervals of 0.83 metres at 16.96 g/t gold and 0.63 metres at 35.67 g/t gold. The company estimates the true width of this interval at approximately 16 metres.
The release restates the Q4 2025 mineral resource estimate and mentions an AI prospectivity study, but it does not announce a new resource estimate, reserve, metallurgical study, or economic study.
Independence Gold Corp. (IGO) remains a pre-revenue explorer with no reserves and no producing mine. As of Q1 2026, the company reported cash of CAD 6.46 million, working capital of about CAD 5.17 million, no revenue, a quarterly net loss of CAD 1.34 million, and 263.9 million shares outstanding. The financial information used below is prior-period context from the provided financial statements and MD&A, not new information in this release.
The company’s recent drill results are positive because they are well above the existing resource grade and are reported with estimated true widths. These results could support a future higher-grade resource update or improved confidence in Tommy vein continuity, but they do not by themselves change the resource, reserve, or economic viability. The market has not already paid for a high-grade Tommy infill result.
Independence Gold Corp. (IGO) is a Canadian junior exploration company listed on the TSX Venture Exchange. Its core asset is the 3Ts Gold and Silver Project in central British Columbia, which comprises 31 mineral claims covering approximately 35,486 hectares. The project is located approximately 16 kilometres southwest of Artemis Gold’s Blackwater Mine and is described as a low-sulphidation epithermal quartz-carbonate vein district with at least 20 known mineralized veins.
The Q4 2025 resource estimate includes indicated and inferred resources.
- Indicated resources are 2.794 million tonnes at 3.18 g/t gold, 82.35 g/t silver and 4.22 g/t AuEq.
- Inferred resources are 2.962 million tonnes at 3.14 g/t gold, 73.27 g/t silver and 4.06 g/t AuEq.
The company also holds the Tay project in British Columbia and the Boulevard project in Yukon, based on the provided investor presentation. Prior-period financial context shows the company is well funded for an explorer, with CAD 6.46 million cash at Q1 2026, but it has no revenue and remains dependent on equity financing.