Golden Independence Intersects 0.617 g/t Gold and 3.8 g/t Silver over 255 Feet from Surface at Independence Project
Golden Independence Intersects 0.617 g/t Gold
and 3.8 g/t Silver over 255 Feet from Surface at
Independence Project
Vancouver, British Columbia--(Newsfile Corp. - March 10, 2021) -
Golden Independence (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 three reverse circulation (RC) holes include:
0.617 g/t gold and 3.8 g/t silver over 255 feet (77.7 metres)
including 2.528 g/t gold and 3.0 g/t silver over 35 feet (10.7 metres)
0.302 g/t gold and 4.4 g/t silver over 325 feet (99.1 metres)
including 0.593 g/t gold and 3.3 g/t silver over 30 feet (9.1 metres)
0.291 g/t gold and 7.0 g/t silver over 305 feet (93.0 metres)
including 0.659 g/t gold and 19.0 g/t silver over 40 feet (12.2 metres)
and 0.670 g/t gold and 7.5 g/t silver over 55 feet (16.8 metres)
"These are the remainder of the initial Golden Independence holes testing the intrusive at the north end
of the property," commented Golden Independence President Tim Henneberry. "The initial six holes into
the intrusive all intersected good long intervals of continuous gold mineralization with shorter higher-
grade intervals within the longer intercepts," he continued. "The oxide gold mineralization within the
intrusive indicates a significant expansion of the mineralized footprint which should be reflected in the
upcoming H1 resource estimate," he concluded.
"Drilling at the north end of the project continues to return significant lengths of mineralized material from
surface," noted Golden Independence CEO Christos Doulis. "Of particular note is hole AGEI-20 which
returned 0.617 g/t gold and 3.8 g/t silver over 255 feet from surface, extending mineralization well
beyond the 2010 historical resource pit shell. These results continue to reinforce our belief that we will be
able to significantly expand the historic oxide resource at the Independence project in the near term."
Figure 1
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/7273/76698_f73b62d1547f5ab5_001full.jpg
or
http://goldenindependence.co/docs/GI-2020_DrillMap_AGEI_20-21-25.pdf
Table 1. 2020 Reverse Circulation Drill Results
Hole
ft from
ft to
ft length
m length
g/t gold
g/t silver
AGEI-20
0
255
255
77.7
0.617
3.8
including
210
245
35
10.7
2.528
3.0
AGEI-21
0
325
325
99.1
0.302
4.4
including
130
160
30
9.1
0.593
3.3
AGEI-25
235
540
305
93.0
0.291
7.0
including
235
440
205
62.5
0.337
8.2
including
235
275
40
12.2
0.659
19.0
including
370
425
55
16.8
0.670
7.5
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/7273/76698_f73b62d1547f5ab5_002full.jpg
or
http://goldenindependence.co/docs/CrossSection_AGEI-20-21-25.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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