Golden Independence Intersects 1.23 g/t Gold and 15.6 g/t Silver over 55 Feet at Independence Project
Golden Independence Intersects 1.23 g/t Gold
and 15.6 g/t Silver over 55 Feet at
Independence Project
Vancouver, British Columbia--(Newsfile Corp. - April 15, 2021) -
Golden Independence Mining Corp
(CSE: IGLD) (OTCQB: GIDMF) (FSE: 6NN) (the "
Company
") is pleased to announce the final 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 consist
of three of four holes targeting the main oxide zone and one wildcat exploration hole and include:
0.59 g/t gold and 8.3 g/t silver over 240 feet (73.2 metres)
including 1.23 g/t gold and 15.6 g/t silver over 55 feet (16.8 metres)
0.78 g/t gold and 46.1 g/t silver over 140 feet (42.7 metres)
including 2.02 g/t gold and 21.9 g/t silver over 15 feet (4.6 metres)
"Results from these holes, including the last three holes targeting the main oxide horizon in the Phase I
program, include 1.23 g/t gold and 15.6 g/t silver over 55 feet, within a longer 240 foot interval of 0.59 g/t
gold and 8.3 g/t silver extending the zone to depth to the west." commented Golden Independence
President Tim Henneberry. "All results from the Phase I RC program have now been released. Phase II
will commence shortly and focus on further resource expansion along with follow up of the significant
intersections in holes AGEI-32 and AGEI-47." he concluded.
"Golden Independence has completed 36 RC holes as well as 5 core holes since acquiring the
Independence project.
Results from these holes combined with results from 56 previously drilled RC
holes not included in the 2010 Historical Resource will be used to generate a new expanded NI 43-101
compliant resource for the project expected later this quarter, a significant milestone for the Company."
stated Golden Independence CEO Christos Doulis. "Delineation of additional near surface high grade
material such as that encountered in hole AGE-32 will be a significant focus of our next drill campaign at
the Independence project." he continued.
Figure 1
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/7273/80328_072bf22b24b1ebf2_001full.jpg
or
https://goldenindependence.co/docs/GI-2020_DrillMap_AGEI_35-37-48.pdf
Table 1. 2020 Reverse Circulation Drill Results
Hole
ft from
ft to
ft length
m length
g/t gold
g/t silver
AGEI-35
370
510
140
42.7
0.784
46.1
including
380
395
15
4.6
2.018
21.9
including
430
470
40
12.2
1.417
117.3
AGEI-36
480
630
150
45.7
0.274
4.0
including
480
520
40
12.2
0.495
8.9
AGEI-37
165
205
40
12.2
0.563
2.6
and
310
550
240
73.2
0.594
8.3
including
415
470
55
16.8
1.227
15.6
AGEI-48
750
775
25
7.6
0.442
3.0
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/7273/80328_072bf22b24b1ebf2_002full.jpg
or
https://goldenindependence.co/docs/Crossection_AGEI-35.pdf
Figure 3
To view an enhanced version of Figure 3, please visit:
https://orders.newsfilecorp.com/files/7273/80328_072bf22b24b1ebf2_003full.jpg
or
https://goldenindependence.co/docs/Crossection_AGEI-36-37.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 property located in the Battle Mountain-Cortez Trend, Nevada and the
Champ precious metal property near Castlegar, British Columbia. The Independence 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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