Further encouraging news from Anglo drilling at Tropicana:
INDEPENDENCE GOLD NL 2003-06-11 ASX-SIGNAL-G
HOMEX - Perth
+++++++++++++++++++++++++
HIGHLIGHTS
* One metre fire assay re-samples of four metre composites reported
last quarter have returned further highly encouraging gold results as
follows:
HOLE NO AZIMUTH FROM TO INTERSECTION
TPA0120 -90deg 41-51m 10m @ 2.35 g/t Au
54-61m(EOH) 7m @ 2.20 g/t Au
TPA0125 -60deg 52-60m(EOH) 8m @ 1.20 g/t Au
TPA0133 -90deg 41-46m(EOH) 5m @ 1.30 g/t Au
TPA0136 -90deg 19-23m 4m @ 3.1 g/t Au
EOH denotes hole ended in mineralisation
* Supergene gold mineralisation has been defined over a one kilometre
strike length beneath shallow transported cover (5-15m).
* Primary gold mineralisation intersected in four holes (TPA 27, 120,
125 & 133) over a 700m strike length.
* AngloGold Australia Limited is about to commence geophysical
surveys and RC drilling to determine whether an economic gold deposit
can be delineated.
* AngloGold also plans to test for extensions and other geochemical
gold anomalies within this new gold province.
Re-sample results from the recent drilling program at the Tropicana
East JV, which is located approximately 230 kilometres east-southeast
of Laverton in Western Australia.
The company's joint venture partner AngloGold Australia Limited
(currently earning 70%), has just released Fire Assay results for
re-samples collected over one metre intervals for encouraging four
metre composite Aqua Regia results previously reported in
Independence Gold's March 2003 Quarterly report.
The Fire Assay results confirm the previously reported results
returned from wide-spaced, mostly vertical aircore holes drilled into
a core zone of moderately strong supergene mineralisation recently
defined over a strike length of approximately one kilometre. This
core zone is surrounded by an extensive halo of weakly developed
supergene mineralisation. Many of the holes which intercepted the
core of the supergene zone ended in elevated Au mineralisation at the
bottom of the hole. Mineralisation in holes TPA027 (1m samples
previously reported), TPA0120, TPA0125 and TPA0133, all of which are
mineralised to the end of hole, are currently interpreted as being
from the primary zone. The results therefore now suggest the
potential for the zone to return gold mineralisation over economic
grades and widths within the primary zone over a 700m strike length.
Results include hole TPA0120 where previously reported 21m @ 1.35 g/t
Au from 40m downhole re-assayed at 10m @ 2.3 g/t Au (41-51m) and 7m @
2.2 g/t Au (54-61mEOH).
The partners recently pegged an additional six exploration licences
to consolidate the Joint Venture ground holding in the region which
now totals ten licences covering a total of approximately 2100sqkm.
Independence Gold NL also has a 100% interest in an additional seven
exploration licences (approximately 1470sqkm) which are immediately
to the west of the Joint Venture project. Many large gold geochemical
anomalies, which remain to be drill tested, occur on both the Joint
Venture area and 100% Independence Gold tenements.
Further drilling and geophysical surveys are expected to commence on
the Joint Venture tenements within two to three weeks.
TABLE ONE: DRILL HOLE CO-ORDINATES
HOLE ID AMG N AMG E TOTAL DEPTH (M) AZIMUTH DIP
TPA0120 6,762,918.0 649,969.0 61.0 360.0 -90.0
TPA0125 6,762,989.0 650,181.0 60.0 315.0 -60.0
TPA0129 6,763,130.0 650,323.0 43.0 360.0 -90.0
TPA0133 6,763,340.0 650,538.0 46.0 360.0 -90.0
TPA0136 6,763,625.0 650,676.0 49.0 360.0 -90.0
TPA0182 6,763,410.0 652,306.0 72.0 360.0 -90.0
TPA0185 6,763,026.0 649,995.0 62.0 360.0 -90.0
TPA0193 6,763,160.0 650,290.0 52.0 360.0 -90.0
TPA0010* 6,763,727.0 652,273.0 47.0 360.0 -90.0
TPA0027* 6,763,024.0 650,146.0 37.0 360.0 -90.0
* Holes for which 1m re-samples were previously reported.
TABLE TWO: 1M FIRE ASSAY RESULTS
4m Aqua Regia composite 1m fire assay re-splits
HOLE ID FROM TO INT Au_ppm FROM TO INT Au_ppm
TPA0010* 40 44 4 1.30 43 44 1 2.15
TPA0027* 28 37 9 1.04 30 37(EOH) 7 2.04
TPA0120 40 61 21 1.35 41 51 10 2.35
54 61(EOH) 7 2.20
TPA0125 48 60 12 1.25 45 48 3 0.81
52 60(EOH) 8 1.20
TPA0129 36 40 4 1.02 37 40 3 0.65
TPA0133 40 46 6 1.38 41 46(EOH) 5 1.30
TPA0136 20 24 4 1.55 19 23 4 3.10
TPA0182 36 44 8 0.67 39 41 2 1.30
TPA0185 52 56 4 0.62 52 54 2 0.70
TPA0193 32 40 8 0.59 35 39 4 0.84
* Previously reported EOH denotes hole ended in mineralisation
C Bonwick
MANAGING DIRECTOR
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