Golden Independence Intersects 2.21 g/t Gold and 13.2 g/t Silver over 60 Feet at Independence Project
Golden Independence Intersects 2.21 g/t Gold
and 13.2 g/t Silver over 60 Feet at
Independence Project
Vancouver, British Columbia--(Newsfile Corp. - January 27, 2021) - Golden Independence Mining Corp.
(CSE: IGLD) (OTCQB: GIDMF) (FSE: 6NN) (the "
Company
") is pleased to announce further 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 include:
2.21 g/t gold and 13.2 g/t silver over 60 feet (18.3 metres)
1.61 g/t gold and 10.3 g/t silver over 20 feet (6.1 metres)
0.53 g/t gold and 6.1 g/t silver over 115 feet (35.1 metres)
0.49 g/t gold and 4.7 g/t silver over 185 feet (56.4 metres)
"The second set of assay results include a significant 60 foot interval of +2 g/t gold," commented Golden
Independence President Tim Henneberry. "The results from the first 7 holes have met Company
expectations, verifying the historic results with longer intervals of +0.5 g/t gold along with some good
intervals grading 1 to 2 g/t gold. These results continue to expand the mineralized footprint at
Independence and the historic oxide resource," he continued.
"This second 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. "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
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/7273/72899_ad4fe6fb64feba3c_001full.jpg
https://goldenindependence.co/docs/GI-2020_DrillMap_AGEI_16-19.pdf
Table 1. 2020 Reverse Circulation Drill Results
Hole
ft from
ft to
ft length
m length
g/t gold
g/t silver
AGEI-16
145
165
20
6.1
1.161
10.3
AGEI-17
0
115
115
35.1
0.532
6.1
and
245
265
20
6.1
0.909
50.0
AGEI-18
0
185
185
56.4
0.493
4.7
and
760
770
10
3.0
1.328
2.0
and
990
1015
25
7.6
0.717
6.9
AGEI-19
0
245
245
74.7
0.313
4.3
and
470
530
60
18.3
2.214
13.2
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/7273/72899_ad4fe6fb64feba3c_002full.jpg
https://goldenindependence.co/docs/CrossSection_AGEI-16-19.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/72899