Phase II Drill Program At Independence Project
VANCOUVER - Golden Independence Mining Corp. reported on the remaining drill results from its recently completed Phase II drill program at the Independence project, south of Battle Mountain, Nevada. The reverse circulation program targeted the main oxide gold zone as well as the intrusive gold target. Results for four holes from the main oxide zone include: 1.06 g/t gold and 8.9 g/t silver over 85 feet (25.9 meters); 0.76 g/t gold and 8.4 g/t silver over 245 feet (74.7 meters), including 1.20 g/t gold and 16.8 g/t silver over 100 feet (30.5 meters); and 0.61 g/t gold and 4.0 g/t silver over 320 feet (97.5 meters), including 1.71 g/t gold and 6.0 g/t silver over 70 feet (21.3 meters).
"Three of the four remaining oxide holes intersected +1 gram per tonne gold intervals over 70 to 100 feet with two of those returning longer intervals of 0.60 to 0.76 g/t gold over 245 to 320 feet in the main oxide zone," said, President Tim Henneberry. "We continue to intersect longer +0.5 g/t gold intervals hosting shorter +1 g/t gold intervals within the main oxide zone and our Phase II results will positively impact the upcoming resource update for the Independence project.”