Golden Independence Intersects 1.043 g/t Gold and 2.8 g/t Silver over 40 Feet at Independence Project
Golden Independence Intersects 1.043 g/t Gold
and 2.8 g/t Silver over 40 Feet at Independence
Project
Vancouver, British Columbia--(Newsfile Corp. - March 3, 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:
0.454 g/t gold and 5.8 g/t silver over 120 feet (36.6 metres)
and 1.043 g/t gold and 2.8 g/t silver over 40 feet (12.2 metres)
0.314 g/t gold and 5.6 g/t silver over 270 feet (82.3 metres)
including 1.473 g/t gold and 23.3 g/t silver over 20 feet (6.1 metres)
0.274 g/t gold and 3.6 g/t silver over 405 feet (123.4 metres)
including 0.475 g/t gold and 3.4 g/t silver over 70 feet (12.3 metres)
"These are the first of a series of Golden Independence holes testing the intrusive at the north end of the
property," commented Golden Independence President Tim Henneberry. "While the oxides grades in the
intrusive are a little lower than the chert, we continue to intersect good long intervals of continuous lower-
grade mineralization with shorter higher-grade intervals. The deeper intersection in AGEI-23 of 1.043 g/t
gold between 640 and 680 feet is significant as it is suggesting a potential deeper mineralized zone," he
continued. "We continue to expand the mineralized footprint at Independence as we work toward a mid
H1 new resource estimate," he concluded.
"While gold grades are a little lower in the intrusive, the project continues to return significant lengths of
mineralized material from surface," noted Golden Independence CEO Christos Doulis. "These results
continue to support 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/7273/75907_5f42586124b608b6_001full.jpg
or
https://goldenindependence.co/docs/GI-2020_DrillMap_AGEI_22-24.pdf
Table 1. 2020 Reverse Circulation Drill Results
Hole
ft from
ft to
ft length
m length
g/t gold
g/t silver
AGEI-22
0
405
405
123.4
0.274
3.6
including
30
100
70
21.3
0.475
3.4
AGEI-23
25
145
120
36.6
0.454
5.8
and
640
680
40
12.2
1.043
2.8
AGEI-24
0
270
270
82.3
0.314
5.6
including
225
245
20
6.1
1.473
23.3
and
360
510
150
45.7
0.493
5.0
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/7273/75907_5f42586124b608b6_002full.jpg
or
https://goldenindependence.co/docs/CrossSection_AGEI-22-24.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:
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/75907