Vancouver, British Columbia — January 5, 2026 — Leads & Copy — Independence Gold Corp. has announced the filing of an updated National Instrument 43-101 Technical Report (NI 43-101) on SEDAR+ for its 3Ts Gold and Silver Project in British Columbia’s Omineca Mining Division.
The resource estimate includes the Tommy, Ted-Mint, Larry, Johnny, and Ian vein systems. SGS Geological Services prepared the updated estimate under the supervision of a qualified person, in accordance with CIM Definition Standards and NI 43-101, delivering increased tonnage and the addition of an Indicated resource category.
Table 1: Updated (2025) In-Pit and Underground Mineral Resource Estimate:
Cut-Off* AuEq (g/t) Type Classification Tonnes Gold (g/t) Silver (g/t) AuEq (g/t) Gold (Ounces) Silver (Ounces) AuEq (Ounces)*
0.3 In-Pit Indicated 2,218,000 3.01 81.94 4.07 217,000 5,843,000 290,000
2.0 Underground 576,000 3.72 83.87 4.77 69,000 1,553,000 88,000
TOTAL 2,794,000 3.18 82.35 4.22 286,000 7,396,000 378,000
0.3 In-Pit Inferred 968,000 2.71 67.80 3.56 84,000 2,110,000 111,000
2.0 Underground 1,994,000 3.35 75.93 4.30 215,000 4,868,000 276,000
TOTAL 2,962,000 3.14 73.27 4.06 299,000 6,978,000 387,000
The effective date of the 3Ts Mineral Resource Estimate is November 12th, 2025.
The mineral resource was estimated by Rohan Millar, P.Geo. of SGS Geological Services.
The classification of the current Mineral Resource Estimate into Indicated and Inferred mineral resources is consistent with current 2014 CIM Definition Standards – For Mineral Resources and Mineral Reserves.
Mineral resources which are not mineral reserves do not have demonstrated economic viability. An Inferred Mineral Resource has a lower level of confidence than that applying to an Indicated Mineral Resource and must not be converted to a Mineral Reserve. It is reasonably expected that most Inferred Mineral Resources could be upgraded to Indicated Mineral Resources with continued exploration.
The 3Ts mineral resource estimate is based on a validated database which includes data from surface diamond drilling completed between 1995 and 2025.
The MRE for 3Ts is based on 13 three-dimensional (“3D”) resource models representing the Tommy, Ted-Mint, Ian, Johnny and Larry veins.
Grades for Au and Ag were estimated for each mineralization domain using 1.0 metre capped composites assigned to that domain. To generate grade within the blocks, the inverse distance squared (ID2) interpolation method was used. An average SG value of 2.70 g/cm3 was used for tonnage calculation.
In-pit mineral resources are reported at a base case cut-off grade of 0.3 g/t AuEq. The in-pit resource grade blocks are quantified above the base case cut-off grade, above the constraining pit shell, below topography and within the constraining mineralized domain (the constraining volume).
The pit optimization and base-case cut-off grade consider a gold price of $2,400/oz and a silver price of $30 /oz and considers a gold recovery of 97% and silver recovery of 94%. The pit optimization and base case cut-off grade also considers a mining cost of US$2.80/t mined, pit slope of 55⁰ degrees, and processing, treatment, refining, G&A and transportation cost of USD$22.00/t of mineralized material.
The results from the pit optimization, using the pseudoflow optimization method in Whittle 2022, are used solely for the purpose of testing the “reasonable prospects for economic extraction” by an open pit and do not represent an attempt to estimate mineral reserves. There are no mineral reserves on the Property.
Underground mineral resources are reported at a base case cut-off grade of 2.0 g/t AuEq. The mineral resource grade blocks were quantified above the base case cut-off grade, below surface/pit surface and within the constraining mineralized wireframes (considered mineable shapes).
The underground base case cut-off grade of 2.0 g/t AuEq considers a mining cost of US$80.00/t mined, and processing, treatment, refining, G&A and transportation cost of USD$25.00/t of mineralized material.
AuEq grades are based on metal prices of US$2,400/oz Au and US$30/oz Ag. The Au to Ag equivalency ratio is $2,400/$30 = 80.0. Therefore, the AuEq conversion = Au g/t + (Ag g/t/80.0).
The 2022 resource estimate reported an Inferred resource of ~4.47 million tonnes grading 3.64 g/t Au and 96.26 g/t Ag, equivalent to ~522,330 ounces gold and ~13.83 million ounces silver (see news release dated August 18, 2022); the new 2025 model delivers an increase in tonnage, and for the first time includes an Indicated category.
Under the CIM Definition Standards and NI 43-101, an Indicated Mineral Resource is estimated with sufficient confidence in geological continuity and data that modifying factors (mining, processing, economic, legal, environmental) can be applied to support mine planning and evaluation.
Independence Gold Corp. is a mineral exploration company with holdings ranging from early-stage grassroots exploration to advanced-stage resource expansion in British Columbia and Yukon.
The 3Ts Project comprises thirty-one mineral claims covering approximately 35,486 hectares in the Nechako Plateau region. The project lies 16 km southwest of Artemis Gold Inc.’s Blackwater Mine and hosts a low-sulphidation epithermal quartz-carbonate vein district within which at least nineteen known mineralized veins have been identified.
The Independence Gold 3Ts project 2025 Mineral Resource Estimate was prepared by Rohan Millar, P.Geo., of SGS Geological Services.
Andy Randell, P.Geo. reviewed and approved certain technical information in this press release. Mr. Randell is an independent consultant for the Company.
Randy Turner, President and CEO
Suite 580 – 625 Howe, Vancouver, British Columbia V6C 2T6
Telephone: 604-687-3959 Facsimile: 604-687-1448 E-Mail: info@ingold.ca
Contact:
Randy Turner
info@ingold.ca
604-687-3959
Source: Independence Gold Corp.
