Taken (3Ts Project) | Company/Property Mine

Location

Location:	British Columbia, Canada
Nearest Landmark:	VANDERHOOF
Distance:	120 Km SW of VANDERHOOF
Latitude:	53° 2' (North)
Longitude:	124° 59' (West)
Type of Working:	Surface
Status:	Exploration

Summary

The Taken property covers 500 ha and consists of one mineral claim (#323457) in the Nechako Plateau region of central British Columbia, Canada. (Dec/11)

The 3Ts project consists of four contiguous properties – the Tsacha, Tam, Taken and Tommy Lakes properties. Collectively, the 3Ts Project consists of eight mineral claims totaling 3,105.5 hectares (Dec/11)

* Technical Report (amended) (Dec13/11) on document PB143904.PDF; 42p
* Technical Report (Nov4/11) on document PB130494.PDF; 36p.

GOLD-SILVER (epithermal vein) target.

Geology

The 3Ts project is located along the southern margin of the Nechako Uplift, a structurally raised block. This uplift provides a window through younger cover rocks to the underlying volcanic and sedimentary rocks of the Jurassic Hazelton and the Bowser Lake Groups. Cretaceous Capoose Batholith granitic rocks intrude these stratified rocks. Eocene volcanic rocks of the Ootsa Lake and Endako Groups locally overlie the older rocks. Younger basalt of the Chilcotin Group forms rare hill cappings within the Nechako Uplift. (Apr 30/05)

In Jan/11, a new inferred resource estimate was announced. Using a 1 gram per tonne gold (“g/t”) gold grade cutoff, the total Inferred Resource for the Tommy, Ted and Mint veins is 3,614,072 tonnes grading 3.39 g/t gold and 85.15 g/t silver for 394,383 contained ounces of gold and 9,894,835 contained ounces of silver.

Property News

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February 27, 2013

Independence Gold Corp. commenced its drilling program at Taken (3Ts Project), Canada.

January 20, 2012

Independence Gold Corp. announced new reserve and/or resource estimates for Taken (3Ts Project), Canada.

March 2, 2006

The winter drill program commenced.

January 20, 2006

A winter drilling program was being planned. Drilling on the Ted Vein will follow-up on hole TT-04-37, whereas drilling on the Ringer Boulder target will attempt to locate the source of the multiple high-grade boulder occurrences at the Ringer Zone.

November 30, 2005

No drilling was conducted on the property.

June 8, 2005

Detailed lake sediment sampling of a number of lakes to follow-up on strongly anomalous gold results obtained from earlier reconnaissance sampling by the BC Geological Survey was completed. Fifty-one lake sediment samples were collected and have been sent for analysis.

April 13, 2005

Results of reviewing and evaluating previous work. Examination of the historical data shows that Adrian Lake, Tommy Lake, T-bone Lake and Carter Lake all located within the 3T's project area contained highly anomalous gold concentrations, higher than the regional median in lake sediments. Of particular interest is the Adrian Lake result, which returned one of the highest sediment gold results of the entire regional program. To evaluate the significance of the historical results, and better delineate the possible source area(s) of these elevated gold concentrations in lake sediments, the company is planning a follow-up program of detailed lake sediment sampling at Adrian and T-Bone Lakes to commence in approximately two weeks.

January 31, 2005

Hole TT-04-37, the initial hole of the current drilling program on the 3Ts epithermal gold-silver project, has discovered the continuation of the Ted Vein beneath a 70 m thick intrusive sill. The hole intersected 17.4 m of quartz-carbonate veining from 384.0 to 401.4 m (estimated true width 10.0 m). An 11 m interval from 388.3 to 399.3 m (estimated true width 6.5 m) grades 3.74 g/t gold and 59.3 g/t silver, or 4.73 g/t gold equivalent using a 60:1 gold to silver ratio.Drilling continues on the 3Ts project, with the drill currently exploring for further extensions of the Tommy Vein, located approximately one kilometre west of the Ted Vein. Further work on the Ted Vein is planned for later in the year.

November 30, 2004

And Mar/05, 3 holes (296m) were drilled on the Taken property in an attempt to locate the source(s) of gold and silver-mineralised float boulders occurring in the glacial till. No significant mineralisation was intersected in the three holes, and the source of the mineralised boulders remains to be found. (Feb 28/05)

November 18, 2004

Drilling commenced, consisting of 5000m of drilling to continue through to March 2005. The initial holes will target possible extensions of the Ted Vein and Tommy Vein mineralization, where inferred resources currently total approximately 175,000 ounces gold equivalent. In the new year, additional drilling will be undertaken to test for the bedrock sources of multiple highgrade clusters of float boulders. Of specific interest is the Ringer Zone, where results from eight samples returned an average of 19 g/t gold and 140 g/t silver.

Reserves

Commodity	Class	Tonnage	Grade	Note	Reference Date
GOLD	Target	N/A	N/A		December 31, 2004
SILVER	Target	N/A	N/A		December 31, 2004

Ownership

Property Owner	Type	Classification	Interest	Note	Reference Date
FREEPORT-MCMORAN COPPER & GOLD INC	Public	Monitor	0%	Interest acquired through the acquisition of Phelps Dodge in Mar/07. Phelps Dodge retained NSR royalty on production from the claim. The royalty rate is a function of the gold price and can be reduced by 1% at any time for a US$2 million.	December 13, 2011
INDEPENDENCE GOLD CORP.	Public	Track	100%	Formerly held by Silver Quest Resources. Silver Quest was acquired by New Gold Inc. in Dec/11. Independence Gold was formed to carry out exploration on several properties previously held by Silver Quest.	December 23, 2011