Golden Independence Intersects 1.11 g/t Gold and 7.8 g/t Silver over 20 Feet at Independence Project
Golden Independence Intersects 1.11 g/t Gold
and 7.8 g/t Silver over 20 Feet at Independence
Project
Vancouver, British Columbia--(Newsfile Corp. - January 21, 2021) - Golden Independence Mining Corp.
(CSE: IGLD) (OTCQB: GIDMF) (FSE: 6NN) (the "
Company
") is pleased to announce initial drill results
from its recently completed 2020 resource expansion drill program at the Independence project, south of
Battle Mountain, Nevada. Results from the first 3 reverse circulation (RC) holes drilled include:
0.45 g/t gold and 3.3 g/t silver over 110 feet (33.5 metres) including 1.11 g/t gold and 7.8 g/t silver
over 20 feet (6.1 metres)
0.57 g/t gold and 3.1 g/t silver over 55 feet (16.8 metres)
0.42 g/t gold and 6.8 g/t silver over 80 feet (24.4 metres)
"The initial assay results fall in range with Company expectations and historic results," commented
Golden Independence President Tim Henneberry. "Longer intervals of + 0.5 g/t gold, containing sub-
intervals of + 1 g/t gold meet the objective of expanding the mineralized footprint at Independence to
increase the historic oxide resource," he continued.
"These initial assay results support our belief that we will be able to significantly expand the historic
oxide resource at the Independence project in the near term," remarked Golden Independence CEO
Christos Doulis. "During Q1 2021, we anticipate receiving assay results from an additional 20 RC holes
recently drilled at the Independence project culminating in an NI 43-101 complaint resource for the
Independence project at the end of the quarter."
Figure 1
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Table 1. 2020 Reverse Circulation Drill Results
Hole
ft from
ft to
ft length
m length
g/t gold
g/t silver
AGEI-13
360
440
80
24.4
0.42
6.8
AGEI-14
450
650
200
61.0
0.28
2.8
including
455
510
55
16.8
0.57
3.1
AGEI-15
5
20
15
4.6
0.41
3.2
AGEI-15
250
360
110
33.5
0.45
3.3
including
335
355
20
6.1
1.11
7.8
All assay results are drill widths not true widths, which is undetermined at this time.
Figure 2
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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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