Business
Golden Independence Mining Acquires Fraser Lake Copper Porphyry Project
Vancouver, British Columbia--(Newsfile Corp. - March 30, 2022) - Golden Independence Mining Corp. (CSE: IGLD) (OTCQB: GIDMF) (FSE: 6NN) (the "Company" or "Golde
About this update from Nexus Uranium Corp
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - March 30, 2022) - Golden Independence Mining Corp. (CSE: IGLD) (OTCQB: GIDMF) (FSE: 6NN) (the \"Company\" or \"Golden Independence\") announces the acquisition by staking of the Fraser Lake copper project located in the Quesnel Trough of Central British Columbia. The project is comprised of three claim blocks totalling approximately 9,900 hectares and are located between 40 to 55 kilometres northwest of Fraser Lake, BC. \"The addition of the Fraser Lake copper project provides the Company with portfolio diversification, at a very low cost due to staking and without the typical encumbrances of royalties or work commitments,\" commented Jeremy Poirier, Chief Executive Officer. \"This large land position within the prolific Quesnel Trough is prospective for copper porphyries of which gold and molybdenum are typically associated. We are currently reviewing the historical data on the project, including geophysical surveys completed in the late 2000's, and will provide an update on exploration plans once completed.\" Figure 1. Fraser Lake Claim Blocks The exploration target is porphyry copper molybdenum associated with a series of Endako plutons intruding Cache Creek complex, carbonate, clastic and volcanic rocks. The Quest West regional lake sediment geochemistry identified areas of anomalous copper and/or molybdenum in the drainage systems from the low ridges hosting the plutons. A 2008 AeroTEM III airborne electromagnetic and magnetometer survey identified magnetic and/or electromagnetic anomalies up drainage from the anomalous geochemistry and make compelling exploration targets. 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 a development company currently focused on the advanced-stage Independence project located adjacent to Nevada Gold Mine's Phoenix-Fortitude mine in the Battle Mountain-Cortez Trend of Nevada. The Independence project hosts an M&I resource of 334,300 ounces of gold and an Inferred resource of 847,000 ounces of gold with a substantial silver credit. A 2021 Preliminary Economic Assessment (PEA) outlined a low-c...