Drilling Commences At The Independence Property

VANCOUVER - Golden Independence reported that the drill program has commenced on its Independence Gold project in Battle Mountain, Nevada. New Frontier Drilling LLC collared the first drill hole on October 11th, 2020. The 12,000-foot Phase 1 diamond and reverse-circulation drilling program, is fully-funded through the Company's recently-completed oversubscribed $4 million private placement. The Company is currently permitted to drill in excess of 160 holes from over 80 drill sites. The objective of the drill program remains to confirm the historic resource to current and expand the areas of known mineralization, culminating in a resource estimate anticipated in early 2021.

Tim Henneberry, CEO & Director, said, "We are excited to have drills turning at Independence, which will allow us to attain our corporate objective of delivering a resource estimate in Q1/2021. Given the strategic location of our Independence Property, within ~3,000 feet from Nevada Gold Mines' Phoenix-Fortitude operation, we remain highly encouraged about the prospectivity of the project and the potential for further discoveries."