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driling at tropicana

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    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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