Golden Independence Submits Independence Project Description to BLM
Golden Independence Submits Independence
Project Description to BLM
Vancouver, British Columbia--(Newsfile Corp. - February 17, 2021) - Golden Independence Mining Corp
(CSE: IGLD) (OTCQB: GIDMF) (FSE: 6NN) (the "
Company
") is pleased to announce that it has filed
preliminary documents with the Bureau of Land Management (BLM), to address the informational
requirements outlined in BLM Instruction Memorandum NV-2014-019 or BMD-2018-IM 003, for a hard
rock precious metal development operation at Independence. These include a description of the project
and the proposed Site Layout.
Project Description Submission and Update
The Company, working with its consultants, continues to advance the Independence project with an
updated NI 43-101 compliant resource estimate anticipated in mid H1 2021, followed by a PEA during
H2 2021. Dyer Engineering has prepared an initial Site Layout for the project with all the proposed
facilities lying inside the Independence project's 640-acre area which sits within the permitted Plan of
Operations for NGM's Phoenix mine. This proposal has been sent to the BLM for their review and
commentary.
In Q4 2020, Golden Independence completed a 23 hole RC drill program at the Independence project
designed to confirm and expand the project's Historical resource. Assays from seven of these holes
have been released to date with the balance anticipated before the end of Q1 2021. Results from these
holes will be incorporated into the upcoming NI 43-101 compliant resource estimate.
An additional 13 RC holes were completed in Q1 2021 with assays pending. Results from these drill
holes may or may not be included in the upcoming resource estimate subject to receipt of assays.
Ultimately these holes will be included in any subsequent resource updates on the project. In total,
Golden Independence has completed drilling of 25,340 feet in 36 RC holes and 1,903 feet in 5 bore
holes on the Independence project.
The Company has also issued 350,000 stock options exercisable for five years at an exercise price of
$0.35 to employees and consultants.
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/74611