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Market:	ASX
Sector:	Building Materials
EPIC:	IGO
Latest Price:	4.33 (2.12% )
52-week High:	7.69
52-week Low:	3.71
Market Cap:	878.59M

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Independence Group NL

Independence Group (ASX: IGO) is engaged in mineral exploration and nickel mining.

The Company operates in two segments: mining and mineral exploration. The Company’s wholly owned subsidiary, Lightning Nickel Pty, operates the Long Nickel Mine located at Kambalda in Western Australia.

Independence Group's nickel projects include Duketon Joint Venture, Wiluna Joint Venture, Ravensthorpe Joint Venture, Lefroy Joint Ventures, Storbodsund Joint Venture, Musgrave BHP Billiton Joint Venture and Mt Isdell.

The Company’s gold projects include Tropicana Joint Venture, Dalwallinu, Coomberdale-Gold, Holleton, Cobar and Empress Springs.

Independence Group unveils potential of Boston Shaker

Thursday, March 18, 2010

Ross Louthean, Mineweb.com

A partner in the Tropicana gold project, Independence Group NL (ASX: IGO), Wednesday unveiled the potential of Boston Shaker, only 500 metres from the established resources on the Tropicana-Havana deposits, as a major target for detailed exploration.

Tropicana is a huge series of prospects that stretch over several hundred kilometres from east of Leonora to well south east of Kalgoorlie and is managed by 70% partner AngloGold Ashanti.

Independence said mineralisation was similar to the Tropicana-Havana mineralisation and was open down dip and along strike.

Some of the better drill intersections, following an earlier encouraging intercept of 7 metres grading 2.1 grams/tonne followed by 14m @ 3.5 g/t gold, showed there were multiple intersections that suggested stacked lodes up to 17m thick.

Latest true width hits included - TFRC3293: 5m @ 3.9 g/t from 48m depth and 17m @ 3 g/t from 58m; TFRC3294: 12m @ 4.9 g/t from 93m and 16m @ 3.5 g/t from 119m; TFRC3290: 14m @ 3.5 g/t from 81m; TFRC064D: 12m @ 4.1 g/t from 138m.

Independence said Boston Shaker may represent the faulted offset of the Tropicana deposit.

Results are awaited for an additional seven holes while step-out drilling continues to determine the extent of the mineralisation.

Infill drilling is also planned with the aim of increasing the current 5.01 million ounce gold resource and 3.3 million oz ounce gold reserve on Tropicana and Havana.

Tropicana is a key addition for AngloGold Ashanti which established a strong gold mining base in Western Australia several years ago and is still mining one of Australia's best producers - Sunrise Dam in the north eastern goldfields.

Independence has been a profitable performer for several years and floated in 2000, with Tropicana as one of its exploration assets. It's cash flow comes from the Long shaft nickel mine at Kambalda in Western Australia.

www.mineweb.com

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