Golden Independence Releases Independence Assays
Golden Independence Releases Independence
Assays
Vancouver, British Columbia--(Newsfile Corp. - December 9, 2020) - Golden Independence Mining
Corp. (CSE: IGLD) (OTCQB: GIDMF) (FSE: 6NN) (the "
Company
") is pleased to announce drill results
from previously-unreleased holes completed on the Independence project subsequent to the 2010
Historical Resource Estimate (the "Historical Resource"). These highlight assay results are from 44
reverse circulation (RC) holes drilled between 2009 and 2010 by a previous operator. These 44 RC
holes were not available for the Historical Resource but will be included in the upcoming resource update
in Q1/21 in addition to RC holes from the Company's ongoing drill program.
Assay Highlights:
155 feet grading 3.94 g/t gold in hole GM-128 including 5 feet grading 99.33 g/t gold
45 feet grading 9.52 g/t gold in hole GM-127 including 10 feet grading 33.84 g/t gold
180 feet grading 1.20 g/t gold in hole GM-088 including 10 feet grading 7.65 g/t gold
100 feet grading 1.63 g/t gold in hole GM-103 including 10 feet grading 8.52 g/t gold
85 feet grading 1.88 g/t gold in hole GM-111 including 5 feet grading 5.01 g/t gold
"These 44 drill holes expanded the oxide mineralization both to the north and at depth as well as
highlighted higher-grade zones within it," commented Golden Independence CEO Christos Doulis. "We
anticipate the inclusion of these historic holes along with our ongoing drilling will result in a significant
increase in the historic oxide resource at the Independence project."
Figure 1: Plan View Showing Drill Collar Locations
Click here for a full-size map
Figure 2: Summary Drill Highlights
To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/7273/69809_dc58c9b6e4e0395e_002full.jpg
These historic drill highlights are for down hole widths and have not been converted to true width,
which is unknown at this time. All samples are 5-foot width with larger intervals weight averaged. Fire
assay with AA finish analyses were completed by American Assay Lab of Reno, Nevada. Over limits
(+10 ppm Au or +100 ppm Ag) were re-fire assayed with gravimetric finish.
The technical content of this news release has been reviewed and approved by R. Tim Henneberry,
P.Geo. (BC), a Director and President of Golden Independence Mining Corp. and a Qualified Person
under National Instrument 43-101.
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/69809