Independence Project Follow Up On Earlier Results With Expanded Drill Program
VANCOUVER - Golden Independence Mining Corp. announced penultimate series of drill results from its recently completed resource expansion drill program at the Independence project, south of Battle Mountain, Nevada. Results from these five reverse circulation (RC) holes targeting the oxide intrusive include: 0.50 g/t gold and 3.5 g/t silver over 530 feet (161.5 meters), including 1.05 g/t gold and 3.5 g/t silver over 160 feet (48.8 meters); 0.32 g/t gold and 4.3 g/t silver over 290 feet (88.4 meters); 0.27 g/t gold and 7.1 g/t silver over 190 feet (57.9 meters), and 2.48 g/t gold and 2.6 g/t silver over 15 feet (4.6 meters); 0.22 g/t gold and 4.5 g/t silver over 375 feet (114.3 meters), and 0.97 g/t gold and 14.4 g/t silver over 20 feet (6.1 meters).
"These five holes, the last of those targeting the oxide intrusive in the Phase I program, follow up on the earlier results, with a great intersection of 0.50 g/t gold and 3.5 g/t silver over 530 feet, including an impressive 1.05 g/t gold and 3.5 g/t silver over the last 160 feet within the oxidized intrusive." said, President, Tim Henneberry. "Equally important, two of the holes hit higher grade intersections at depth, 2.48 g/t gold and 2.6 g/t silver over 15 feet and 0.97 g/t gold and 4.5 g/t silver over 20 feet, suggesting a potential new deeper target that will be followed up in the up-coming Q2 Phase II drill program." he concluded.
"Hole AGEI-47 returned 270 feet grading 0.50 g/t Au and 3.5 g/t over 530 feet from surface." noted Golden Independence CEO Christos Doulis. "This hole was drilled in the north of the Independence property which was a focus of our recently completed resource expansion drill program and where we expect significant resource growth relative to the Historical oxide resource." he continued.