Business
Golden Independence Mining Intersects 1.89 g/t Gold and 6.9 g/t Silver over 50 Feet at Independence Project
Vancouver, British Columbia--(Newsfile Corp. - June 23, 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. - June 23, 2021) - Golden Independence Mining Corp. (CSE: IGLD) (OTCQB: GIDMF) (FSE: 6NN) (the \"Company\") is pleased to announce results from the initial six drill holes of the recently completed 12 hole 7,425 foot Phase II RC drill program at the Independence project, south of Battle Mountain, Nevada. Six holes of the Phase II RC drill program targeted the main oxide gold zone and six holes targeted the intrusive gold target. Results for two holes from the main oxide zone and four holes from the intrusive gold target include: 0.66 g/t gold and 7.2 g/t silver over 195 feet (59.4 metres) including 1.89 g/t gold and 6.9 g/t silver over 50 feet (15.2 metres) 0.68 g/t gold and 5.0 g/t silver over 150 feet (45.7 metres) including 1.52 g/t gold and 8.0 g/t silver over 45 feet (13.7 metres) \"The highlight results above are the first two of six holes testing the main oxide zone in the area of AGEI-32 from the Phase I RC drill program. As expected, we are seeing good long intervals in excess of 0.5 g/t gold with shorter +1 gram intervals within it: 195 feet of 0.66 g/t gold containing a shorter 50 foot interval of 1.89 g/t gold and 150 feet of 0.68 g/t gold containing a shorter 45 foot interval of 1.52 g/t gold,\" commented Golden Independence President Tim Henneberry. \"Golden Independence continues to intercept both plus half-gram plus gold and higher-grade material in the main oxide gold zone,\" stated Golden Independence CEO Christos Doulis. \"The results of all 12 holes from our recently completed Phase II RC drill program will be incorporated into a resource update as part of an upcoming PEA on the 537,300 ounces of gold in the Measured and Indicated categories and 147,300 ounces of gold in the Inferred category that make up the near-surface portion of our recently released maiden NI 43-101 compliant Mineral Resource Estimate,\" he continued. Figure 1 Table 1. 2021 Reverse Circulation Drill Results Hole target ft from ft to ft length m length g/t gold g/t silver AGEI-49 intrusive 0 405 405 123.4 0.257 4.3 including 380 405 25 7.6 0.756 12.9 AGEI-50 intrusive 10 510 500 152.4 0.252 6.2 including 35 125 90 27.4 0.448 6.3 AGEI-51 intrusive 125 595 470 143.3 0.216 5.8 including 130 155 25 7.6 0.552 3.5 AGEI-52 intrusive 0 400 400 121.9 0.300 4.4 AGEI-54 oxide 180 375...