Business
Golden Independence Mining Completes Phase One Exploration Program at Napoleon Project
Vancouver, British Columbia--(Newsfile Corp. - July 13, 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. - July 13, 2023) - Golden Independence Mining Corp. (CSE: IGLD) (OTCQB: GIDMF) (FSE: 6NNA) (the \"Company\" or \"Golden Independence\") is pleased to announce the completion of the first phase exploration program at the Napoleon project located in the Kamloops Mining Division of British Columbia. The exploration program was completed by Tripoint Geological Services during June and was comprised of rock sampling and prospecting. A total of 13 rock samples were collected and submitted to ALS Global for assaying with results expected over the coming weeks. In the southern portion of the Napoleon claims, the prospecting program at Napoleon located similar intrusive to those hosting the Bonaparte deposit, along with vuugy quartz veins hosted in Nicola Group rocks in the north, which represents a second potential host of mineralization. \"The initial exploration program met with overall success,\" commented Jeremy Poirier, CEO of Golden Independence. \"Particularly, the observation of similar geology and mineralization to that of the high-grade Bonaparte mine to the southeast is highly encouraging and we await assay results to both confirm observations and guide the next stage of exploration at the project.\" In the southern portion of the claims closest to the Bonaparte mine, prevalent subcrop of quartz diorite occurs hosting up to 5% disseminated pyrite and pyrrhotite which appears genetically similar to that observed at the Bonaparte mine. The Company will be reviewing the subsequent phase of exploration following the receipt of assay results. About the Napoleon Project The Napoleon property occurs along the same northwest trending erosional exposure through Chilcotin basalts as the Bonaparte Mine. The Bonaparte Mine, located to the southeast, is comprised of several en echelon high-grade gold-bearing quartz veins with similar intrusive rocks mapped within the Napoleon property. Exploration within 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 adjoining Bonaparte deposit has been extensively explored including underground development, open pit mining, and a bulk sampling which yielded grades of 26.5 g/t gold from a 3,700 ...