Golden Independence Announces M&I Resource of 506,052 Gold Ounces and Inferred Resource of 905,146 Gold Ounces at the Independence Project
Vancouver, British Columbia--(Newsfile Corp. - December 20, 2021) - Golden Independence Mining Corp. (CSE: IGLD) (OTCQB: GIDMF) (FSE: 6NN) ("Golden Independence") or (the "Company") is pleased to announce an updated National Instrument 43-101 (NI 43-101) compliant Mineral Resource Estimate ("MRE") for the Company's flagship Independence project located adjacent to Nevada Gold Mines' Phoenix-Fortitude mining operations in the Battle Mountain-Cortez trend of Nevada.
The MRE incorporates over 132,000 feet of RC and core drilling in 246 holes, outlining both a near surface and an underground resource and now incorporates a lower cut-off grade for oxide material and higher cut-off grades for transitional and sulphide material based on recent metallurgical and economic analysis for the near surface resource. The resource represents the total modelled mineralization as interpolated by the exploration drilling to date. No constraining economics have been applied to the resource. The Company is actively advancing the near surface portion of the MRE towards a Preliminary Economic Assessment anticipated by year-end 2021. Highlights of the MRE include:
https://ceo.ca/@newsfile/...ependence-announces-mi-resource-of-506052
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