Golden Independence Mining Corp. (IGLD.CN)

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GOLDEN INDEPENDENCE INTERSECTS 1.23 G/T GOLD AND 15.6 G/T SILVER OVER 55 FEET AT INDEPENDENCE PROJECT

Vancouver, BC – April 15, 2021 – Golden Independence Mining Corp. (OTCQB: GIDMF) (CSE: IGLD) (FRA:6NN) (the “Company”) is pleased to announce the final 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 consist of three of four holes targeting the main oxide zone and one wildcat exploration hole and include:

 

  • 59 g/t gold and 8.3 g/t silver over 240 feet (73.2 metres)
    • including 1.23 g/t gold and 15.6 g/t silver over 55 feet (16.8 metres)
  • 78 g/t gold and 46.1 g/t silver over 140 feet (42.7 metres)
    • including 2.02 g/t gold and 21.9 g/t silver over 15 feet (4.6 metres)

 

“Results from these holes, including the last three holes targeting the main oxide horizon in the Phase I program, include 1.23 g/t gold and 15.6 g/t silver over 55 feet, within a longer 240 foot interval of 0.59 g/t gold and 8.3 g/t silver extending the zone to depth to the west.” commented Golden Independence President Tim Henneberry. “All results from the Phase I RC program have now been released. Phase II will commence shortly and focus on further resource expansion along with follow up of the significant intersections in holes AGEI-32 and AGEI-47.” he concluded.

 

“Golden Independence has completed 36 RC holes as well as 5 core holes since acquiring the Independence project.  Results from these holes combined with results from 56 previously drilled RC holes not included in the 2010 Historical Resource will be used to generate a new expanded NI 43-101 compliant resource for the project expected later this quarter, a significant milestone for the Company.” stated Golden Independence CEO Christos Doulis. “Delineation of additional near surface high grade material such as that encountered in hole AGE-32 will be a significant focus of our next drill campaign at the Independence project.” he continued.

https://goldenindependence.co/docs/GI-2020_DrillMap_AGEI_35-37-48.pdf

 

Table 1. 2020 Reverse Circulation Drill Results

 

Hole ft from ft to ft length m length g/t gold g/t silver
AGEI-35 370 510 140 42.7 0.784 46.1
 including 380 395 15 4.6 2.018 21.9
 including 430 470 40 12.2 1.417 117.3
AGEI-36 480 630 150 45.7 0.274 4.0
 including 480 520 40 12.2 0.495 8.9
AGEI-37 165 205 40 12.2 0.563 2.6
 and 310 550 240 73.2 0.594 8.3
 including 415 470 55 16.8 1.227 15.6
AGEI-48 750 775 25 7.6 0.442 3.0

All assay results are drill widths not true widths, which is undetermined at this time.

 

https://goldenindependence.co/docs/Crossection_AGEI-35.pdf

 

https://goldenindependence.co/docs/Crossection_AGEI-36-37.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

 

  1. 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 property located in the Battle Mountain-Cortez Trend, Nevada and the Champ precious metal property near Castlegar, British Columbia. The Independence 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: christos@goldenindependen

GOLDEN INDEPENDENCE INTERSECTS 1.043 G/T GOLD AND 2.8 G/T SILVER OVER 40 FEET AT INDEPENDENCE PROJECT

Vancouver, British Columbia – March 3, 2021 – Golden Independence Mining Corp. (OTCQB: GIDMF) (CSE: IGLD) (FRA: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:

 

  • 454 g/t gold and 5.8 g/t silver over 120 feet (36.6 metres)
    • and 1.043 g/t gold and 2.8 g/t silver over 40 feet (12.2 metres)
  • 314 g/t gold and 5.6 g/t silver over 270 feet (82.3 metres)
    • including 1.473 g/t gold and 23.3 g/t silver over 20 feet (6.1 metres)
  • 274 g/t gold and 3.6 g/t silver over 405 feet (123.4 metres)
    • including 0.475 g/t gold and 3.4 g/t silver over 70 feet (12.3 metres)

 

“These are the first of a series of Golden Independence holes testing the intrusive at the north end of the property.” commented Golden Independence President Tim Henneberry. “While the oxides grades in the intrusive are a little lower than the chert, we continue to intersect good long intervals of continuous lower grade mineralization with shorter higher-grade intervals. The deeper intersection in AGEI-23 of 1.043 g/t gold between 640 and 680 feet is significant as it is suggesting a potential deeper mineralized zone.” he continued. “We continue to expand the mineralized footprint at Independence as we work toward a mid H1 new resource estimate.” he concluded.

 

“While gold grades are a little lower in the intrusive, the project continues to return significant lengths of mineralized material from surface.” noted Golden Independence CEO Christos Doulis. “These results continue to support our belief that we will be able to significantly expand the historic oxide resource at the Independence project in the near term.”

 

https://goldenindependence.co/docs/GI-2020_DrillMap_AGEI_22-24.pdf

 

Table 1. 2020 Reverse Circulation Drill Results

Hole ft from ft to ft length m length g/t gold g/t silver
AGEI-22 0 405 405 123.4 0.274 3.6
 including 30 100 70 21.3 0.475 3.4
AGEI-23 25 145 120 36.6 0.454 5.8
 and 640 680 40 12.2 1.043 2.8
AGEI-24 0 270 270 82.3 0.314 5.6
 including 225 245 20 6.1 1.473 23.3
 and 360 510 150 45.7 0.493 5.0

All assay results are drill widths not true widths, which is undetermined at this time.

 

https://goldenindependence.co/docs/CrossSection_AGEI-22-24.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

 

  1. 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: christos@goldenindependence.co

 

SOURCE:  Golden Independence Mining Corp.

GOLDEN INDEPENDENCE INTERSECTS 1.436 G/T GOLD AND 179.5 G/T SILVER OVER 65 FEET AT INDEPENDENCE PROJECT

Vancouver, BC – February 23, 2021 – Golden Independence Mining Corp. (CSE: IGLD) (OTCQB:GIDMF, FRA: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:

 

  • 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)
  • 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)
  • 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 + 0.5g/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.”

 

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.

 

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

 

  1. 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: christos@goldenindependence.co

 

SOURCE:  Golden Independence Mining Corp

GOLDEN INDEPENDENCE INTERSECTS 2.21 G/T GOLD AND 13.2 G/T SILVER OVER 60 FEET AT INDEPENDENCE PROJECT

Vancouver, BC – January 27, 2021 – Golden Independence Mining Corp. (OTCQB: GIDMF) (CSE: IGLD) (FRA: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:

 

  • 21 g/t gold and 13.2 g/t silver over 60 feet (18.3 metres)
  • 61 g/t gold and 10.3 g/t silver over 20 feet (6.1 metres)
  • 53 g/t gold and 6.1 g/t silver over 115 feet (35.1 metres)
  • 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.”

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.

 

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

 

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: christos@goldenindependence.co

 

SOURCE:  Golden Independence Mining Corp.

GOLDEN INDEPENDENCE INTERSECTS 1.11 G/T GOLD AND 7.8 G/T SILVER OVER 20 FEET AT INDEPENDENCE PROJECT

Vancouver, BC – January 21, 2021 – Golden Independence Mining Corp. (CSE: IGLD) (OTCQB:GIDMF) (FRA:6NN) (the “Company”) is pleased to announce initial drill results from its recently completed 2020 resource expansion drill program at the Independence project, south of Battle Mountain, Nevada. Results from the first 3 reverse circulation (RC) holes drilled include:

 

  • 45 g/t gold and 3.3 g/t silver over 110 feet (33.5 metres) including 1.11 g/t gold and 7.8 g/t silver over 20 feet (6.1 metres)
  • 57 g/t gold and 3.1 g/t silver over 55 feet (16.8 metres)
  • 42 g/t gold and 6.8 g/t silver over 80 feet (24.4 metres)

 

“The initial assay results fall in range with Company expectations and historic results,” commented Golden Independence President Tim Henneberry. “Longer intervals of + 0.5 g/t gold, containing sub-intervals of + 1 g/t gold meet the objective of expanding the mineralized footprint at Independence to increase the historic oxide resource,” he continued.

 

“These initial assay results support 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. “During Q1 2021, 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.”

 

https://goldenindependence.co/docs/GI-2020_DrillMap_AGEI_13-15.pdf

 

Table 1. 2020 Reverse Circulation Drill Results

Hole ft from ft to ft length m length g/t gold g/t silver
AGEI-13 360 440 80 24.4 0.42 6.8
AGEI-14 450 650 200 61.0 0.28 2.8
 including 455 510 55 16.8 0.57 3.1
AGEI-15 5 20 15 4.6 0.41 3.2
AGEI-15 250 360 110 33.5 0.45 3.3
 including 335 355 20 6.1 1.11 7.8

All assay results are drill widths not true widths, which is undetermined at this time.

 

https://goldenindependence.co/docs/CrossSection_AGEI-15.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

 

  1. 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: christos@goldenindependence.co

 

SOURCE:  Golden Independence Mining Corp.

GOLDEN INDEPENDENCE PROVIDES DRILLING UPDATE

Vancouver, BC – January 7, 2021 – Golden Independence Mining Corp. (CSE: IGLD, OTCQB:GIDMF, FRA:6NN) (the “Company”) is pleased to provide an update on drilling progress at the Company’s flagship Independence project located adjacent to Nevada Gold Mines’ Phoenix-Fortitude mining operations in the Battle Mountain-Cortez trend of Nevada.

 

Drill Program Update

 

Golden Independence has completed its 2020 resource expansion drill program at the Company’s Independence project. A total of 23 reverse circulation (RC) holes were drilled with the objective of confirming the historic resource and expanding the areas of known mineralization. Assays from the recently completed drill program are being integrated with data from the 56 recently released historic RC drill holes (see News Releases dated December 9th, 2020 and December 15th, 2020), to produce an NI 43-101 compliant resource estimate for the Independence project anticipated in Q1 2021. Figure 1 provides a plan view of the location of the RC drill hole collars that will be incorporated into the resource update.

 

Concurrent with the Q1 2021 NI 43-101 resource calculation, drilling is continuing with a 6,000-foot RC drill program targeting the extension of both known oxide and gold skarn mineralization in addition to testing the gold skarn mineralization’s depth from surface. The Company also intends to drill three to five diamond core (DC) holes in early 2021 for geotechnical and engineering purposes.

 

“With the completion of our 2020 drill program, our next step is to table an NI 43-101 compliant resource for the Independence project in early 2021 as we advance to a PEA in the second half of this year” commented Golden Independence CEO Christos Doulis. “We believe the integration of both the 23 holes drilled in 2020 plus the 56 historic holes should result in a significantly expanded resource estimate at the Independence project.”

 

Figure 1: Plan View Showing Drill Collar Locations

 

 

Click here for a full-size map

 

The technical content of this news release has been reviewed and approved by R. Tim Henneberry, PGeo (B.C.), a director and president of Golden Independence Mining 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: christos@goldenindependence.co

 

SOURCE:  Golden Independence Mining Corp.

GOLDEN INDEPENDENCE RELEASES ADDITIONAL ASSAY RESULTS INCLUDING 270 FEET GRADING 1.10 G/T GOLD

Vancouver, BC – December 15, 2020 – Golden Independence Mining Corp. (CSE: IGLD) (OTCQB:GIDMF) (FRA:6NN) (the “Company”) is pleased to announce additional drill results from previously-unreleased holes completed on the Independence project subsequent to the 2010 Historical Resource Estimate (the “Historical Resource”). These results are from 12 reverse circulation (RC) holes drilled in 2017 by a previous operator. These 12 RC holes, in addition to the 44 holes announced on December 9th, 2020, were not available for the Historical Resource but will be included in the upcoming resource update, anticipated in Q1/21, as will the RC holes from the Company’s ongoing drill program.

 

Assay Highlights:

 

  • 270 feet grading 1.10 g/t gold in hole AGEI-02 including 5 feet grading 10.00 g/t gold
  • 160 feet grading 0.79 g/t gold in hole AGEI-08
  • 90 feet grading 1.24 g/t gold in hole AGEI-04 including 5 feet grading 5.26 g/t gold

 

“Along with further expansion of the oxide mineralization, several of these 12 drill holes intersected significant widths of structurally hosted gold mineralization beneath the oxides.” commented Golden Independence CEO Christos Doulis. “We will integrate results from the 56 recently released historic drill holes with the 20 to 22 drill holes from our ongoing drill program into our upcoming resource update which should significantly expand 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

 

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 ALS Minerals 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: christos@goldenindependence.co

 

SOURCE:  Golden Independence Mining Corp.

GOLDEN INDEPENDENCE RELEASES INDEPENDENCE ASSAYS

Vancouver, BC – December 9, 2020 – Golden Independence Mining Corp.  (CSE: IGLD) (OTCQB:GIDMF) (FRA: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

 

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: christos@goldenindependence.co

 

Source: Golden Independence Mining Corp.

GOLDEN INDEPENDENCE COMMENCES DRILLING AT ITS   INDEPENDENCE PROPERTY IN NEVADA

Vancouver, BC  –October 15, 2020 – Golden Independence (CSE: IGLD) (FRA:6NN) (the “Company”) is pleased to announce the drill program has commenced on its Independence Gold project in Battle Mountain, Nevada (the “Independence Property”).

 

New Frontier Drilling LLC of Reno, Nevada, contracted to complete the drill program, collared the first drill hole on October 11th, 2020. The 12,000-foot Phase 1 diamond and reverse-circulation drilling program, is fully-funded through the Company’s recently-completed oversubscribed $4 million private placement. The Company is currently permitted to drill in excess of 160 holes from over 80 drill sites. The objective of the drill program remains to confirm the historic resource to current and expand the areas of known mineralization, culminating in a resource estimate anticipated in early 2021.

 

Figure 1: Drill Rig (foreground) with Nevada Gold Mines’ SXEW Copper Leach Pad, Mine Dump and Tailings Pond in Background

Source: Golden Independence

 

Tim Henneberry, CEO & Director, stated “We are excited to have drills turning at Independence, which will allow us to attain our corporate objective of delivering a resource estimate in Q1/2021. Given the strategic location of our Independence Property, within ~3,000 feet from Nevada Gold Mines’ Phoenix-Fortitude operation, we remain highly encouraged about the prospectivity of the project and the potential for further discoveries.”

 

Corporate Update

 

The Company is pleased to announce it has retained Digital257 Technologies Inc. (“Digital257”) to provide investor relations services to the Company, pursuant to a consulting agreement dated October 6th, 2020.  Digital257 is a digital marketing firm specializing in investor audience growth and awareness.  Digital257 provides digital media and capital markets communications services and will assist the Company with online communications with the goal of increasing market awareness of the Company (the “Services”). In consideration for these Services the Company has agreed to pay Digital257 a fee of C$9,000 per month for a six-month period plus an initial set-up fee of C$10,000. To the knowledge of the Company Digital257 does not have any interest, directly or indirectly, in the Company or its securities or any right or intent to acquire such an interest.  The appointment of Digital257 is subject to TSX Venture Exchange approval.

 

On October 14, 2020, the Company granted stock options (“Options”) to purchase an aggregate of up to 1,125,000 common shares in the capital of the Company (“Common Shares’) for a period of five years with an exercise price set at the October 14, 2020 closing price of the Company’s shares. The options were granted to several of the Company’s directors, employees, and consultants.

 

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:

  1. Tim Henneberry, Chief Executive Officer

Telephone: 1.250.715.5329 Email: t.henneberry@goldenindependence.co

 

Forward Looking Information

 

This press release contains forward-looking information (within the meaning of applicable Canadian securities legislation) that involves various risks and uncertainties regarding future events. Such forward-looking information includes statements based on current expectations involving a number of risks and uncertainties and such forward-looking statements are not guarantees of future performance of the Company, and include, without limitation, statements relating to plans and results of exploration and the magnitude and quality of the Independence Property, the Company’s near term exploration plans and the preparation of an updated mineral resource statement for the Independence Property. There are numerous risks and uncertainties that could cause actual results and the Company’s plans and objectives to differ materially from those expressed in the forward-looking information in this news release, including without limitation, the following risks and uncertainties; (i) risks inherent in the mining industry; (ii) regulatory and environmental risks; (iii) results of exploration activities and development of mineral properties and the risk that such results cause the Company to elect to terminate the Option Agreement; (iv) risks relating to the estimation of mineral resources; (v) stock market volatility and capital market fluctuations; and (vi) general market and industry conditions. Actual results and future events could differ materially from those anticipated in such information. This forward-looking information is based on estimates and opinions of management on the date hereof and is expressly qualified by this notice. Risks and uncertainties about the Company’s business are more fully discussed in the Company’s disclosure materials filed with the securities regulatory authorities in Canada at www.sedar.com. The Company assumes no obligation to update any forward-looking information or to update the reasons why actual results could differ from such information unless required by applicable law.

 

Source:  Golden Independence

Golden Independence Announces Fall 2020 Exploration Program at Its Independence Property in Nevada

Vancouver, BC – October 6, 2020 – Golden Independence Mining Corp (CSE: IGLD) (FSE: 6NN) (the “Company”) announces plans for a Q4 2020 exploration program at its Independence Gold project in Battle Mountain, Nevada (the “Independence Property”). The Company has secured the drilling contractor with a deposit and is securing additional support contractors. In addition, COVID19 protocols are being established and implemented.

 

The Phase 1 program, fully permitted for over 160 drill holes from over 80 sites, is expected to commence later this month. The initial program is currently budgeted for over 12,000 feet of diamond and reverse circulation drilling, along with concurrent resource modelling and permitting for an open-pit heap-leach production scenario. The drill program will focus on confirming the historic resource estimate to current and expand the areas of known mineralization which will culminate in a resource estimate anticipated in early 2021.

 

Tim Henneberry, CEO & Director, stated, “We are excited to have secured a drilling contract so quickly for the project given the high-demand for gold exploration at present. The data we aim to gather from the 12,000 feet of drilling, in in combination with the sixty-two holes drilled subsequent to the 2010 historic resource estimate, should allow us to advance the resource estimate significantly. Given the strategic location of our Independence Property, within ~3,000 feet from Nevada Gold Mines’ Phoenix-Fortitude operation, we remain highly encouraged about the prospectivity of the project and the potential for further discoveries.”

 

About Independence

 

The Independence property consists of 14 unpatented lode claims along with mill site mining claims totalling 960 acres and is located 0.5 miles (800 metres) southwest of the Nevada Gold Mines (Newmont/Barrick) Phoenix gold mine within Nevada Gold Mines’ Phoenix mine plan of operation boundary. Golden Independence has the option to acquire up to a 75% interest in the property, through a series of cash payments and work programs. Highlights include:

 

  • Significantly advanced project with over $25 million in past exploration, including the drilling of over 200 holes, metallurgical test work and site development;
  • Host to a 2010 historical estimate (see 2020-Aug-28 News Release).
  • Fully permitted for the drilling of over 160 holes on 80 drill sites for resource expansion and development drilling.

 

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:

R. Tim Henneberry,
Chief Executive Officer
Telephone: 1.250.715.5329
Email: t.henneberry@goldenindependence.co

 

Forward-Looking Information

 

This press release contains forward-looking information (within the meaning of applicable Canadian securities legislation) that involves various risks and uncertainties regarding future events. Such forward-looking information includes statements based on current expectations involving a number of risks and uncertainties and such forward-looking statements are not guarantees of future performance of the Company, and include, without limitation, statements relating to plans and results of exploration and the magnitude and quality of the Independence Property, the Company’s near term exploration plans and the preparation of an updated mineral resource statement for the Independence Property. There are numerous risks and uncertainties that could cause actual results and the Company’s plans and objectives to differ materially from those expressed in the forward-looking information in this news release, including without limitation, the following risks and uncertainties; (i) risks inherent in the mining industry; (ii) regulatory and environmental risks; (iii) results of exploration activities and development of mineral properties and the risk that such results cause the Company to elect to terminate the Option Agreement; (iv) risks relating to the estimation of mineral resources; (v) stock market volatility and capital market fluctuations; and (vi) general market and industry conditions. Actual results and future events could differ materially from those anticipated in such information. This forward-looking information is based on estimates and opinions of management on the date hereof and is expressly qualified by this notice. Risks and uncertainties about the Company’s business are more fully discussed in the Company’s disclosure materials filed with the securities regulatory authorities in Canada at www.sedar.com. The Company assumes no obligation to update any forward-looking information or to update the reasons why actual results could differ from such information unless required by applicable law.

 

Source:  Golden Independence Mining Corp

About Golden Independence Mining


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.

 

ADVANCING EXCEPTIONAL NEVADA GOLD RESOURCES

 

Tier 1 Mining Jurisdiction

 

The Independence Gold Project is located in the top-tier gold mining jurisdiction of Nevada USA.

 

Advanced Stage Asset

 

Over US$25 million in past expenditures including the drilling of over 200 holes, numerous metallurgical bulk samples, and site permitting and development culminating in a Historic Measured & Indicated Resource of 210,400 ounces of gold at 0.5 g/t plus Inferred Resource of 862,200 ounces grading 2.9 g/t.*

 

Fully Permitted

 

Fully-permitted for exploration and development drilling of over 160 drill holes (from 80 drill sites). Expedited project development for a heap-leach operation as the project lies within Nevada Gold Mines’ (Newmont-Barrick JV) approved Environmental Impact Statement (EIS) and Permitted Plan of Operations.

 

Catalyst-Rich Pipeline

 

Resource confirmation and expansion drill program to commence in Q3/20 leading to a NI 43-101 Resource Estimate in H1/21 followed by a Preliminary Economic Assessment (PEA) in H2/21.

 

WHY NEVADA?

 

>> Nevada ranks as one of the top three mining jurisdictions globally for Investment Attractiveness and Policy Perception according to the Fraser Institute Annual Survey of Mining Companies, 2019.

>> Nevada Gold Mines (NGM), a joint-venture between the two largest gold producers, Newmont (NYSE:NEM) & Barrick (NYSE:ABX), is expected to produce 2.1 to 2.25 Moz of gold in 2020.

>> The USA is the 4th largest gold producing country with Nevada accounting for over 70% of production.

 

CORE LEADERSHIP

 

TIM HENNEBERRYTIM HENNEBERRY
CEO

 

Professional Geoscientist (P. Geo., BC) with 40 years of experience in domestic and international exploration and production for base and precious metals and industrial minerals. President of Mammoth Geological Ltd. since 1991, providing consulting services to numerous publicly trading companies. Previous and/or current Founder, Director, and/or Senior Officer of several TSX Venture and CSE listed companies.

 

Joel LeonardJOEL LEONARD
CFO

 

Founding Partner of JCL Partners Chartered Professional Accountants located in Vancouver. Joel has developed an extensive background in finance and accounting with a focus on financial reporting and internal control implementation. Joel completed his Bachelor’s Degree in Business from Thompson Rivers University and later received his CPA designation from the CA School of Business. Joel has spent the past three years consulting for publicly traded entities listed on various exchanges including the NYSE, TSX, TSX-V and the CSE.

 

Robert MintakROBERT MINTAK
DIRECTOR

 

20+ years’ experience in corporate management, with a specific emphasis on strategic development and corporate governance. He has a global network of lithium industry contacts and is a pioneer in the rapidly evolving lithium space. Mr. Mintak was recognized as CEO of the top mining companies on the TSXV50 in both 2016 & 2018.

 

Don McDowellDON MCDOWELL
DIRECTOR

 

Mr. McDowell currently sits as the founding President of America’s Gold Exploration and Director & VP of Corporate Development of Timberline Resources. He is a former founding Corporate & Technical Director for Ecuador Gold and Copper and former President of Great American Minerals. Don is a uniquely qualified and experienced explorationist with over 25 years of combined business, mineral exploration, project management and development experience with Nippon, Santa Fe Pacific Gold and Kennecott, focusing in Nevada and the Great Basin, Alaska, Ecuador and Central America.

 

Nevada Gold MiningMICHAEL DAKE
DIRECTOR

 

Michael Dakeis a self-employed businessman; President of Creston Capital Corp. since February 2010; Director and/or Officer of a number of reporting issuers on both the TSX Venture and CSE exchanges.

 

Source:  https://goldenindependence.co/

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