Golden Independence Mining Corp.: Golden Independence Completes Phase II Drill Program at Independence
Vancouver, British Columbia (Newsfile Corp. - May 26, 2021) - Golden Independence Mining Corp. (CSE: IGLD) (OTCQB: GIDMF) (FSE: 6NN) ( Golden Independence ) or (the Company ) is pleased to announce the completion of Phase II reverse circulation (RC) drilling 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.
The Phase II RC drill program consisted of 12 holes totaling 7,425 feet and focused on additional drilling near the Company s recent high-grade discovery reported in hole AGEI-32 which returned 80 feet grading 9.1 g/t gold and 23.2 g/t silver, and on expanding known mineralization in the north of the project near hole AGEI-47 which returned 530 feet grading 0.5 g/t gold and 3.5 g/t silver from surface.
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Golden Independence Mining Corp.: Golden Independence Announces M&I Resource of 537,300 Gold Ounces and Inferred Resource of 943,500 Gold Ounces at the Independence Project
Notes to Mineral Resource Estimate:
Mineral Resources which are not Mineral Reserves do not have demonstrated economic viability. The estimate of Mineral Resources may be materially affected by environmental, permitting, legal, title, taxation, sociopolitical, marketing, changes in global gold markets or other relevant issues. The CIM definitions (2014) were followed for classification of Mineral Resources. The quantity and grade of reported inferred Mineral Resources in this estimation are uncertain in nature and there has been insufficient exploration to define these inferred Mineral Resources as an indicated Mineral Resource. It is probable that further exploration drilling will result in upgrading them to an indicated or measured Mineral Resource category.
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Golden Independence Announces M&I Resource of 537,300 Gold Ounces and Inferred Resource of 943,500 Gold Ounces at the Independence Project streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.