Business
Golden Independence Mining Announces Completion of Acquisition of Napoleon Gold Project
Vancouver, British Columbia--(Newsfile Corp. - March 31, 2023) - Golden Independence Mining Corp. (CSE: IGLD) (OTCQB: GIDMF) (FSE: 6NNA) (the "Company" or "Gold
About this update from Nexus Uranium Corp
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - March 31, 2023) - Golden Independence Mining Corp. (CSE: IGLD) (OTCQB: GIDMF) (FSE: 6NNA) (the \"Company\" or \"Golden Independence\") is pleased to announce it has completed its previously announced proposed acquisition of the Napoleon Gold Project located in Kamloops, British Columbia (the \"Acquisition\"). \"We are excited to have secured this exciting project which has high-grade gold discovery potential,\" commented Jeremy Poirier, CEO of Golden Independence. \"This project has excellent year-round infrastructure, with a number of large-scale mines in the district, in addition to being wholly owned and free from any underlying royalties. We have commenced with the compilation of historical information and discussions to engage contractors for an initial exploration program and look to announce the details of our program in the near-term.\" Napoleon Gold Project The Napoleon Gold Project is comprised of 996 hectares located in the Kamloops Mining Division approximately 35 kilometres northwest of the city of Kamloops, BC. The property is wholly-owned with no underlying royalties. The Property has excellent infrastructure with road access via paved and well-maintained gravel roads, in addition to benefiting from a strong mining workforce with several active mines in the area including New Gold's New Afton Mine. The Property is prospective for intrusion-related gold mineralization in addition to other related styles of mineralization such as large bulk tonnage gold-copper porphyry-style mineralization and paleo-placer style of mineralization. Exploration in the region dates back to the 1970's and 1980's with the discovery of gold mineralization in several clusters of quartz vein float material over a diorite intrusion with grades varying from 3.4 to 547 g/t gold1. The Property adjoins the Bonaparte deposit which has seen extensive historic exploration including underground development, open pit mining, and a bulk sampling which yielded grades of 26.5 g/t gold from a 3,700 metric tonne bulk sample2. Golden Independence cautions investors it has yet to verify the historical information and further cautions mineralization on the Bonaparte deposit is not necessarily indicative of similar mineralization on the Napoleon Gold Project. The acquisition was completed pursuant to an amalgama...