Golden Independence Intersects 0.49 g/t Gold and 6.7 g/t Silver over 270 Feet Including 0.70 g/t Gold and 6.5 g/t Silver over 90 Feet at Independence Project
Golden Independence Intersects 0.49 g/t Gold
and 6.7 g/t Silver over 270 Feet Including 0.70
g/t Gold and 6.5 g/t Silver over 90 Feet at
Independence Project
Vancouver, British Columbia--(Newsfile Corp. - March 22, 2021) - Golden Independence Mining Corp.
(CSE: IGLD) (OTCQB: GIDMF) (FSE: 6NN) (the "
Company
") is pleased to announce the next series of
drill results from its recently completed 2020 resource expansion drill program at the Independence
project, south of Battle Mountain, Nevada. Results from these four reverse circulation (RC) holes
targeting the oxide intrusive include:
1.45 g/t gold and 13.0 g/t silver over 40 feet (12.2 metres)
including 2.02 g/t gold and 36.3 g/t silver over 10 feet (3.0 metres)
0.49 g/t gold and 6.7 g/t silver over 270 feet (82.3 metres)
including 0.70 g/t gold and 6.5 g/t silver over 90 feet (27.4 metres)
0.71 g/t gold and 4.2 g/t silver over 20 feet (6.1 metres)
0.30 g/t gold and 2.3 g/t silver over 65 feet (19.8 metres)
including 1.01 g/t gold and 7.0 g/t silver over 10 feet (3.0 metres)
"These four holes follow up on earlier results, including 0.45 g/t gold and 5.8 g/t silver over 120 feet and
0.62 g/t gold and 3.8 g/t silver over 255 feet, within the oxidized intrusive," commented Golden
Independence President Tim Henneberry. "These results continue to demonstrate good long intervals of
continuous gold mineralization with shorter higher-grade intervals within the longer intercepts within the
intrusive. The Company expects the oxide intrusive to be a key contributor to the upcoming H1 resource
estimate," he concluded.
"Hole AGEI-39 returned 270 feet grading 0.49 g/t Au and 6.7 g/t over 270 feet from surface," noted
Golden Independence CEO, Christos Doulis. "This hole was drilled in the north of the Independence
property which has seen little previous drilling and where we expect significant resource growth relative
to the Historical Resource," he continued.
Figure 1
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/7273/78043_1bc3c26ab48b9a77_001full.jpg
or
https://goldenindependence.co/docs/GI-2020_DrillMap_AGEI_38-39-40-46.pdf
Table 1. 2020 Reverse Circulation Drill Results
Hole
ft from
ft to
ft length
m length
g/t gold
g/t silver
AGEI-38
110
120
10
3.0
1.042
23.9
and
325
365
40
12.2
1.446
13.0
including
340
350
10
3.0
5.020
36.3
AGEI-39
0
270
270
82.3
0.486
6.7
including
105
195
90
27.4
0.704
6.5
AGEI-40
0
260
260
79.2
0.253
AGEI-46
0
20
20
6.1
0.713
4.2
and
275
400
125
38.1
0.180
3.0
and
700
765
65
19.8
0.302
2.3
including
700
710
10
3.0
1.013
7.0
All assay results are drill widths not true widths, which is undetermined at this time.
Figure 2
To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/7273/78043_1bc3c26ab48b9a77_002full.jpg
or
https://goldenindependence.co/docs/Section_4489669N.pdf
Figure 3
To view an enhanced version of Figure 3, please visit:
https://orders.newsfilecorp.com/files/7273/78043_1bc3c26ab48b9a77_003full.jpg
or
https://goldenindependence.co/docs/Section_4489730N.pdf
Quality assurance
All samples were shipped to the ALS Minerals prep lab in Elko, Nevada with analyses completed at the
ALS Minerals Lab in Reno, Nevada. Both facilities are ISO 9001:2015 and ISO/IEC 17025:2017
certified. All samples are analyzed utilizing ALS ME-ICP41 procedure, an aqua regia digestion with ICP-
AES finish, with gold determined by the Au-AA23 procedure, a 30-gram fire assay with AAS finish. ALS
Minerals is independent from Golden Independence. Golden Independence institutes a rigorous QA/QC
program of duplicate samples, blanks and standards. Based on a review of the QA/QC data is not
aware of any other factors that could materially affect the accuracy or reliability of the data referred to
herein.
R. Tim Henneberry, PGeo (British Columbia), President and Director of Golden Independence Mining
Corp., is the qualified person who has reviewed and approved the technical content of this news release
on behalf of the company.
About Golden Independence Mining Corp.
Golden Independence Mining Corp. is an exploration company currently focused on exploring the
advanced-stage Independence Gold Property located in the Battle Mountain-Cortez Trend, Nevada and
the Champ precious metal property near Castlegar, British Columbia. The Independence Gold Property
benefits from over US$25 million in past exploration, including over 200 holes drilled, and is located
adjacent to Nevada Gold Mines' Phoenix-Fortitude mining operations in the Battle Mountain-Cortez trend
of Nevada.
FOR FURTHER INFORMATION PLEASE CONTACT:
Christos Doulis, Chief Executive Officer
Telephone: 1.647.924.1083 Email:
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