Business
Golden Independence Mining to Mobilize for Exploration Program at Napoleon Project
Vancouver, British Columbia--(Newsfile Corp. - May 16, 2023) - Golden Independence Mining Corp. (CSE: IGLD) (OTCQB: GIDMF) (FSE: 6NNA) (the "Company" or "Golden
About this update from Nexus Uranium Corp
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - May 16, 2023) - Golden Independence Mining Corp. (CSE: IGLD) (OTCQB: GIDMF) (FSE: 6NNA) (the \"Company\" or \"Golden Independence\") is pleased to announce the mobilization for the first phase exploration program at the Napoleon project located in the Kamloops Mining Division of British Columbia. The exploration contractor, Tripoint Geological Services, will be on site during the first week of June 2023 to conduct the first phase of the exploration program which is focused on sampling and refining targets for the second phase. The two-phased program will be comprised of a grid sampling program (approx. 800 samples), rock sampling and prospecting, in addition to a 70-line-kilometre property-wide airborne magnetic geophysical survey and a 5-line-kilometre IP survey. \"We look forward to being able to get boots on the ground and advancing a meaningful exploration program for the Napoleon project,\" commented Jeremy Poirier, CEO of Golden Independence. \"The Napoleon project represents only one of the exciting exploration projects within the Company's portfolio, along with the development-stage Independence project in Nevada which is currently undergoing preliminary site preparation in advance of a resource expansion drill program. We also recently attained a portfolio of highly prospective gold projects covering almost 8,000 hectares within the Upper Hyland River Gold Belt of the Yukon.\" 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 metric tonne bulk sample2. Golden Independence cautions investors it has yet to verify the historical information and further cautions mineralization on the...