VANCOUVER, British Columbia–(Newsfile Corp. – April 4, 2023)- Golden Independence Mining Corporation (CSE: IGLD) (OTCQB: GIDMF) (FSE: 6NNA) (“company” again “golden independence“) is pleased to provide an update on ongoing permitting activities for independent projects in development in Nevada. Over the past 12 months, we have worked with Westland Resources in Reno, Nevada to Environmental studies for permit-cost, open pit heapreach gold mine. Biological investigations of electrical wires (i.e. infrastructure service corridors) as well as characterization studies (including humidity cell testing, petrography or electron microscopy) for classification of material ores and waste rocks. Preparing a final summary report for submission to the State Bureau of Land Management (BLM) and the Nevada Department of Environmental Protection (NDEP).
Golden Independence CEO Jeremy Poirier commented: “Given the recent rise in gold prices, he used at the PEA from US$1,700.1 As current prices rise to around US$2,000 per ounce, the Independence Project’s after-tax IRR and NPV increased from 18% and US$35 million to 30% and US$70 million, highlighting the attractiveness of the project in the current gold environment. I have it standing. “
The Independence Project is a joint venture between Golden Independence Mining Corp. (“we”) and Americas Gold Exploration Inc., of which we are the operator and majority owner. The technical content of this news release has been reviewed and approved by R. Tim Heneberry of P.Geo. (BC) is Director and President of Golden Independence Mining Corp. and is a qualified person under National Instrument 43-101.
About Golden Independence Mining Corp.
Golden Independence Mining Corp. is a development company currently focused on advanced stage independent projects adjacent to the Nevada Gold Mine’s Phoenix-Fortitude Mine in Battle Mountain-Cortez Trend, Nevada. Kamloops Mining Division of BC. The Independence project hosts his M&I resource of 334,300 ounces of gold and an estimated resource of 847,000 ounces of gold, including substantial silver credits. The 2021 Preliminary Economic Assessment (PEA) outlines a low-cost heap-reach operation focused on near-surface resources, with a total production of US$1,078 per ounce of gold and a total production of 195,443 ounces. is. The Napoleon Project comprises more than 1,000 hectares of his land, and his exploration of the area dating back to the 1970s, when high-grade gold was discovered, is expected to lead to multiple forms of gold mineralization.
Please contact us for more information.
Jeremy Poirier, Chief Executive Officer
Phone: 1.604.722.9842
Email: This email address is being protected from spambots. JavaScript must be enabled to view.
This press release contains forward-looking information (within the meaning of applicable Canadian securities laws) that involves various risks and uncertainties regarding future events. Such forward-looking information includes statements based on management’s current expectations, which are made in the light of management’s experience and perceptions of historical trends, current conditions and expected future developments. It is included. Forward-looking information involves a number of risks and uncertainties, and forward-looking statements are not guarantees of our future performance. Forward-looking information in this news release includes statements regarding Valleyview’s exercise of its option to acquire the Fraser Lake property, Valleyview’s proposed initial public offering, the potential for exploration of the Fraser Lake property, and the benefits thereof. but not limited to: Dealings with our shareholders. There are a number of risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking information in this news release. This includes risks associated with Valleyview’s ability to complete its initial public offering and as a result of exploration activities and development of mining and mineral properties; stock market volatility and capital market fluctuations; general market and industry conditions; and the risk factors discussed in our recently filed Management’s Discussion and Analysis. Actual results and future events could differ materially from those projected by such information. This forward-looking information is based on management’s estimates and opinions as of the date hereof and is expressly qualified by this notice. The risks and uncertainties regarding our business are detailed in our disclosures filed with the Canadian securities regulators. www.sedar.comWe undertake no obligation to update any forward-looking information or to update reasons why actual results could differ from such information, except as required by applicable law. shall be
1 Preliminary Economic Evaluation NI 43-101 Technical Report on the Independent Heap Reach Project. Created by James Ashton, Carl Defilippi, and Richard Delong for Golden Independence Mining Corp., dated January 23, 2022
