Golden Independence Intersects 1.05 g/t Gold and 3.5 g/t Silver over 160 Feet at Independence Project
Golden Independence Intersects 1.05 g/t Gold
and 3.5 g/t Silver over 160 Feet at
Independence Project
Vancouver, British Columbia--(Newsfile Corp. - April 6, 2021) - Golden Independence Mining Corp.
(CSE: IGLD) (OTCQB: GIDMF) (FSE: 6NN) (the "
Company
") is pleased to announce the penultimate
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 five reverse circulation (RC)
holes targeting the oxide intrusive include:
0.50 g/t gold and 3.5 g/t silver over 530 feet (161.5 metres)
including 1.05 g/t gold and 3.5 g/t silver over 160 feet (48.8 metres)
0.32 g/t gold and 4.3 g/t silver over 290 feet (88.4 metres)
0.27 g/t gold and 7.1 g/t silver over 190 feet (57.9 metres)
and 2.48 g/t gold and 2.6 g/t silver over 15 feet (4.6 metres)
0.22 g/t gold and 4.5 g/t silver over 375 feet (114.3 metres)
and 0.97 g/t gold and 14.4 g/t silver over 20 feet (6.1 metres)
"These five holes, the last of those targeting the oxide intrusive in the Phase I program, follow up on the
earlier results, with a great intersection of 0.50 g/t gold and 3.5 g/t silver over 530 feet, including an
impressive 1.05 g/t gold and 3.5 g/t silver over the last 160 feet within the oxidized intrusive."
commented Golden Independence President Tim Henneberry. "Equally important, two of the holes hit
higher grade intersections at depth, 2.48 g/t gold and 2.6 g/t silver over 15 feet and 0.97 g/t gold and 4.5
g/t
silver over 20 feet, suggesting a potential new deeper target that will be followed up in the up-coming
Q2 Phase II drill program." he concluded.
"Hole AGEI-47 returned 270 feet grading 0.50 g/t Au and 3.5 g/t over 530 feet from surface." noted
Golden Independence CEO Christos Doulis. "This hole was drilled in the north of the Independence
property which was a focus of our recently completed resource expansion drill program and where we
expect significant resource growth relative to the Historical oxide resource." he continued.
Figure 1
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/7273/79459_b58c5be7b489b964_001full.jpg
Or
https://goldenindependence.co/docs/GI-2020_DrillMap_AGEI_41-44-47.pdf
Table 1. 2020 Reverse Circulation Drill Results
Hole
ft from
ft to
ft length
m length
g/t gold
g/t silver
AGEI-41
0
290
290
88.4
0.321
4.3
including
145
180
35
10.7
0.511
3.5
AGEI-42
0
190
190
57.9
0.269
7.1
including
70
95
25
7.6
0.688
9.6
and
410
425
15
4.6
2.482
2.6
AGEI-43
190
340
150
45.7
0.306
4.3
AGEI-44
0
375
375
114.3
0.217
4.5
and
525
545
20
6.1
0.968
14.4
AGEI-47
0
530
530
161.5
0.497
3.5
including
370
530
160
48.8
1.047
3.5
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/7273/79459_b58c5be7b489b964_002full.jpg
Or
http://goldenindependence.co/docs/CrossSection_AGEI-47.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/79459