Business
Golden Independence Mining Intersects 1.23 g/t Gold and 15.6 g/t Silver over 55 Feet at Independence Project
Vancouver, British Columbia--(Newsfile Corp. - April 15, 2021) - Golden Independence Mining Corp (CSE: IGLD) (OTCQB: GIDMF) (FSE: 6NN) (the "Company") is please
About this update from Nexus Uranium Corp
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - April 15, 2021) - Golden Independence Mining Corp (CSE: IGLD) (OTCQB: GIDMF) (FSE: 6NN) (the \"Company\") is pleased to announce the final series of drill results from its recently completed 2020 resource expansion drill program at the Independence project, south of Battle Mountain, Nevada. Results from these four reverse circulation (RC) holes consist of three of four holes targeting the main oxide zone and one wildcat exploration hole and include: 0.59 g/t gold and 8.3 g/t silver over 240 feet (73.2 metres) including 1.23 g/t gold and 15.6 g/t silver over 55 feet (16.8 metres) 0.78 g/t gold and 46.1 g/t silver over 140 feet (42.7 metres) including 2.02 g/t gold and 21.9 g/t silver over 15 feet (4.6 metres) \"Results from these holes, including the last three holes targeting the main oxide horizon in the Phase I program, include 1.23 g/t gold and 15.6 g/t silver over 55 feet, within a longer 240 foot interval of 0.59 g/t gold and 8.3 g/t silver extending the zone to depth to the west.\" commented Golden Independence President Tim Henneberry. \"All results from the Phase I RC program have now been released. Phase II will commence shortly and focus on further resource expansion along with follow up of the significant intersections in holes AGEI-32 and AGEI-47.\" he concluded. \"Golden Independence has completed 36 RC holes as well as 5 core holes since acquiring the Independence project. Results from these holes combined with results from 56 previously drilled RC holes not included in the 2010 Historical Resource will be used to generate a new expanded NI 43-101 compliant resource for the project expected later this quarter, a significant milestone for the Company.\" stated Golden Independence CEO Christos Doulis. \"Delineation of additional near surface high grade material such as that encountered in hole AGE-32 will be a significant focus of our next drill campaign at the Independence project.\" he continued. Figure 1 or https://goldenindependence.co/docs/GI-2020_DrillMap_AGEI_35-37-48.pdf Table 1. 2020 Reverse Circulation Drill Results Hole ft from ft to ft length m length g/t gold g/t silver AGEI-35 370 510 140 42.7 0.784 46.1 including 380 395 15 4.6 2.018 21.9 including 430 470 40 12.2 1.417 117.3 AGEI-36 480 630 150 45.7 0.274 4.0 including 480 520 40 12.2 0.495 8.9 AGEI-37 1...