11:56 AM EDT, 03/19/2024 (MT Newswires) -- Independence Gold Corp. ( IEGCF ) said Tuesday that it has launched a diamond drill program at its 3Ts Project, located about 185 kilometers southwest of Prince George, British Columbia.

The company's shares fell 4.5% on last look on Tuesday in Canada.

The spring drill program will consist of about 20 planned drill holes totaling a minimum of 4,200 meters and will focus on the underexplored sections of the Ted-Mint and Tommy Vein Systems.

The program will focus especially at depth where there is the potential for high-grade intercepts, which will be used to expand the existing mineral resource, the company said.

The estimated budget for the spring drill program is $1.9 million.

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