Business
Golden Independence Mining Options Fraser Lake Copper Property
Vancouver, British Columbia--(Newsfile Corp. - March 30, 2023) - Golden Independence Mining Corp. (CSE: IGLD) (OTCQB: GIDMF) (FSE: 6NN) (the "Company" or "Golde
About this update from Nexus Uranium Corp
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - March 30, 2023) - Golden Independence Mining Corp. (CSE: IGLD) (OTCQB: GIDMF) (FSE: 6NN) (the \"Company\" or \"Golden Independence\") is pleased to announce the signing of an option agreement for the Fraser Lake copper property, located proximal to the Quesnel Trough of Central British Columbia (the \"Option Agreement\"). Pursuant to the terms of the Option Agreement, Valleyview Resources Ltd. (\"Valleyview\"), a private British Columbia company, has the right to acquire a 100% interest, subject to a 2% Net Smelter Return (\"NSR\") Royalty, in the three claim blocks comprising the 9,900-hectare project, by making for stage payments of 3 million shares and exploration expenditures of $300,000. The Fraser Lake copper property lies between 40 to 55 kilometres northwest of Fraser Lake, BC. The Company understands that Valleyview intends to complete an initial public offering and concurrent stock exchange listing. \"We acquired Fraser Lake one year ago for staking costs and are now unlocking the value of the asset through a significant share position in Valleyview as it explores Fraser Lake as its cornerstone asset for its initial public offering,\" commented CEO Jeremy Poirier. \"The project was identified by management based on the geology and location supported significant copper molybdenum porphyry prospectivity, which has now been validated by the deal with Valleyview and represents a benefit to Golden Independence shareholders.\" Golden Independence acquired Fraser Lake by staking following up on historic exploration for porphyry copper and molybdenum associated with a series of Endako plutons intruding Cache Creek complex carbonate, clastic and volcanic rocks. The Quest West regional lake sediment geochemistry initially identified areas of anomalous copper and/or molybdenum in the drainage systems from the low ridges hosting the plutons. A 2008 AeroTEM III airborne electromagnetic and magnetometer survey identified magnetic and/or electromagnetic anomalies up drainage from the anomalous geochemistry and make compelling exploration targets. Mr. Warren Robb, PGeo (BC) completed a July 2022 property examination, confirming the three historic anomalous areas, RCI, REI and SEZ as exploration targets and recommended a combined $225,000 program of soil geochemistry over each of them to ...