New Discovery Of High-Grade Gold And Silver Sending This Junior Miner Higher

By: Tomas Ronolski - AllPennyStocks.com News

Wednesday, March 26, 2025

On an otherwise sluggish day for the broader markets, a junior miner has gained momentum following the announcement of a high-grade gold and silver discovery at its British Columbia property.

As mentioned, shares of Independence Gold Corp. (TSX-Venture: IGO) are on the move higher as the company announced the discovery of high-grade gold and silver mineralization at the Larry Vein System at its 3Ts Project in central British Columbia. The 3Ts Project is located approximately 185 kilometres ("km") southwest of Prince George, British Columbia and is comprised of seventeen mineral claims covering approximately 8,840 hectares in the Nechako Plateau region of central British Columbia.

Per the company’s press release, drilling at the Larry Vein System has confirmed significant gold and silver mineralization above and below the microdiorite sill. Drill hole 3TS-25-07 intersected two mineralized veins below the sill, returning 19.40 meters grading 5.58 g/t gold and 73.76 g/t silver, as well as 15.00 meters grading 3.01 g/t gold and 25.20 g/t silver, with true widths of 11.00 meters and 8.5 meters, respectively. This intercept was located 210 meters east of the Tommy Vein System.

Meanwhile, drill hole 3TS-25-09 encountered 8.0 meters at 5.89 g/t gold and 25.13 g/t silver above the sill, with a true width of 4.75 meters, 145 meters east of the Tommy Vein System. These results indicate a promising extension of high-grade mineralization beyond the known boundaries of the Tommy Vein System.

Randy Turner, President and CEO of Independence Gold, commented: "The discovery of high-grade mineralization at the Larry Vein is an exciting development for the 3Ts Project. This vein was historically ignored due to its lack of surface exposure, but the latest results demonstrate it has significant potential. We await additional assay results not only from the Larry Vein but also other targets we are currently drilling."

Shares of IGO are on the move higher, currently up 5.41% at $0.195 in mid-morning trading.

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