Golden Independence Intersects 9.11 g/t Gold and 25.2 g/t Silver over 80 Feet Including 23.16 g/t Gold and 49.8 g/t Silver over 30 Feet at Independence Project
Golden Independence Intersects 9.11 g/t Gold
and 25.2 g/t Silver over 80 Feet Including 23.16
g/t Gold and 49.8 g/t Silver over 30 Feet at
Independence Project
Vancouver, British Columbia--(Newsfile Corp. - March 16, 2021) - Golden Independence Mining Corp.
(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 four reverse circulation (RC) holes include:
9.11 g/t gold and 25.2 g/t silver over 80 feet (24.4 metres)
including 12.06 g/t gold and 30.7 g/t silver over 60 feet (18.3 metres)
including 23.16 g/t gold and 49.8 g/t silver over 30 feet (9.1 metres)
0.92 g/t gold and 18.5 g/t silver over 115 feet (35.1 metres)
including 1.78 g/t gold and 30.7 g/t silver over 50 feet (15.2 metres)
0.52 g/t gold and 9.8 g/t silver over 185 feet (56.4 metres)
including 1.24 g/t gold and 24.2 g/t silver over 15 feet (4.6 metres)
0.65 g/t gold and 17.5 g/t silver over 40 feet (12.2 metres)
"These four holes are the first in a series testing the main oxide historic resource zone to depth,"
commented Golden Independence President Tim Henneberry. "This main area was historically mined for
gold veins so higher grade intervals within the oxide zone, while not unexpected, are a nice bonus as we
expand the Independence Project's mineralized foot print in advance of the upcoming H1 resource
estimate," he concluded.
"Hole AGEI-32 returned 85 feet grading 0.52 g/t Au and 4.6 g/t Ag within the known mineralized zone of
the Independence Project and also returned 80 feet grading 9.11 g/t Au and 25.2 g/t Ag outside of the
known mineralized zone," noted Golden Independence CEO Christos Doulis. "These results support our
model that higher grade areas within the oxide zone are the result of vertical fracture structures linked to
the deeper sulfide mineralization and reinforce our belief that results from our recent drill program will
significantly expand and increase the historic oxide resource at the Independence Project," he
continued.
Figure 1
To view an enhanced version of this graphic, please visit:
https://goldenindependence.co/docs/GI-2020_DrillMap_AGEI_27-29-32-34.pdf
Table 1. 2020 Reverse Circulation Drill Results
Hole
ft from
ft to
ft length
m length
g/t gold
g/t silver
AGEI-27
315
430
115
35.1
0.92
18.5
including
320
370
50
15.2
1.78
30.7
AGEI-29
330
515
185
56.4
0.52
9.8
including
330
345
15
4.6
1.24
24.2
and
410
495
85
25.9
0.69
11.0
AGEI-32
195
280
85
25.9
0.52
4.6
and
430
510
80
24.4
9.11
25.2
including
430
490
60
18.3
12.06
30.7
including
440
470
30
9.1
23.16
49.8
AGEI-34
0
40
40
12.2
0.65
17.5
and
150
200
50
15.2
0.30
8.9
All assay results are drill widths not true widths, which is undetermined at this time.
The drill chip logs for the 440 foot to 470 foot interval in AGEI-32 was described as a well developed
zone of gossan within the chert. Iron oxide was found as staining and fracture filling. Remnant sulfides
and orange limonite cavities were also noted along with one mm size chunk of massive pyrite.
Arsenopyrite and bornite were also noted in the chips and were reflected in over limit arsenic and
elevated copper in the multi-element analyses. Only some secondary quartz was noted. The gold and
silver values for the continuous 5 foot intervals from 430 feet to 510 feet can be found at the following link:
https://goldenindependence.co/docs/2021-Mar-17%20AGEI-32_Interval.pdf
Figure 2
To view an enhanced version of this graphic, please visit:
https://goldenindependence.co/docs/CrossSection_AGEI-32.pdf
Figure 3
To view an enhanced version of this graphic, please visit:
https://goldenindependence.co/docs/CrossSection_AGEI-27-29.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/77358