Golden Independence Intersects 1.436 g/t Gold and 179.5 g/t Silver over 65 Feet at Independence Project
Golden Independence Intersects 1.436 g/t Gold
and 179.5 g/t Silver over 65 Feet at
Independence Project
Vancouver, British Columbia--(Newsfile Corp. - February 23, 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:
0.845 g/t gold and 92 g/t silver over 130 feet (39.6 metres)
including 1.436 g/t gold and 179.5 g/t silver over 65 feet (19.8 metres)
including 3.318 g/t gold and 581.6 g/t silver over 15 feet (4.6 metres)
and including 1.274 g/t gold and 50 g/t silver over 20 feet (7.6 metres)
0.521 g/t gold and 4.7 g/t silver over 165 feet (50.3 metres)
including 0.697 g/t gold and 7.0 g/t silver over 65 feet (19.8 metres)
0.438 g/t gold and 8.7 g/t silver over 170 feet (51.8 metres)
including 1.287 g/t gold and 20.8 g/t silver over 15 feet (4.6 metres)
and 0.746 g/t gold and 23.9 g/t silver over 20 feet (6.1 metres)
"These are three of four holes testing the oxide resource to depth which also include a nice surprise of a
higher grade pocket with significant silver," commented Golden Independence President Tim
Henneberry. "Long intervals of
+
0.5 g/t gold with higher grade intervals and some high grade pockets
continue to confirm and expand the historic oxide resource," he continued.
"This third set of assay results further supports 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. "In addition to significant higher grade gold intercepts, recent drill results such as
hole AGEI-28 demonstrate the Independence project's potential to host significant silver mineralization
as well."
Figure 1
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/7273/75132_6fb5d9ea44ab18ad_001full.jpg
http://goldenindependence.co/docs/GI-2020_DrillMap_AGEI_26-30.pdf
Table 1. 2020 Reverse Circulation Drill Results
Hole
ft from
ft to
ft length
m length
g/t gold
g/t silver
AGEI-26
145
435
290
88.4
0.375
3.6
including
170
335
165
50.3
0.521
4.7
including
260
325
65
19.8
0.697
7.0
and
675
795
120
36.6
0.313
2.6
AGEI-28
430
560
130
39.6
0.845
92.0
including
450
515
65
19.8
1.436
179.5
including
450
465
15
4.6
3.318
581.6
including
490
515
25
7.6
1.274
50.0
AGEI-30
365
535
170
51.8
0.438
8.7
including
365
380
15
4.6
1.287
20.8
and
510
530
20
6.1
0.746
23.9
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/7273/75132_6fb5d9ea44ab18ad_002full.jpg
https://goldenindependence.co/docs/CrossSection_AGEI-26-30.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/75132