Business
Golden Independence Mining Advances Permitting for Independence Project in Nevada
Vancouver, British Columbia--(Newsfile Corp. - April 4, 2023) - Golden Independence Mining Corp. (CSE: IGLD) (OTCQB: GIDMF) (FSE: 6NNA) (the "Company" or "Golde
About this update from Nexus Uranium Corp
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - April 4, 2023) - Golden Independence Mining Corp. (CSE: IGLD) (OTCQB: GIDMF) (FSE: 6NNA) (the \"Company\" or \"Golden Independence\") is pleased to provide an update of the ongoing permitting activities for its development-stage Independence project in Nevada. Over the past twelve months, the Company has been working with Westland Resources of Reno Nevada to advance environmental studies for the permitting of a low-cost, open-pit heap-leach gold mine. The Company completed biological baseline environmental studies, including flora / fauna and wildlife studies for the project area in addition to biology surveys for waterline and transmission line (i.e. infrastructure services corridor), plus material characterization studies for ore and waste rock classification including humidity cell testing and petrography or electron microscopy. The Company and its consultants are preparing the concluding summary reports for submission to the Nevada Bureau of Land Management (BLM) and the Nevada Division of Environmental Protection (NDEP). \"We are excited to have concluded the bulk of the formative studies required for the environmental assessment, with a number of the longer-term permitting requirements being fulfilled,\" commented Jeremy Poirier, CEO of Golden Independence. \"Given the recent increase in gold prices, from the US$1,700 used in the PEA1 to current prices around US$2,000 per ounce, the Independence project after-tax IRR and NPV increase from 18% and US$35 million to 30% and US$70 million which highlights the project's attractiveness in the current gold environment.\" The Independence project is a joint venture between Golden Independence Mining Corp. (the \"Company\") and Americas Gold Exploration Inc., with the Company being the operator and majority owner. 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 in addition to the wholly-owned Napol...