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Golden Independence Mining (CSE:IGLD, OTC:GIDMF, FRA:6NN) CEO Chris Doulis detailed how chapter two of the Independence story is going to unfold. The company’s
flagship Independence project in #Nevada wrapped up phase two drilling recently and released the results comprised of intersects of 1.71 g/t #gold and 6.0 g/t #silver over 70 feet.
“We’re focused on advancing the near surface portion of our project to a PEA that’s a heap leach type of operation. We’re going to be tabling that PEA in mid November built around the resource that we released in May of this year, which was 684,000 ounces of gold in the measured indicated and inferred categories. There’s a deeper portion of the resource which is 796,000 ounces at six and a half grams. That’s chapter two of the Independence story,” said Golden Independence CEO Chris Doulis.
“We continue to generate strong results out of the 12 holes from phase two but we didn’t replicate the kind of sizzle that we had in that hole 32 of the 80 feet of nine grand bowls and 25 grams silver. It was 7,500 feet, 12 holes so we’d like to go back and do some more drilling and I’m envisioning a phase three drilling for 2022.”
Results from the Phase II drill program will be included in a resource update as part of a PEA on the project’s near surface resource. Golden Independence CEO Chris Doulis said the company’s existing capital resources will be devoted to advancing the PEA towards that production decision set in November of this year towards a preliminary feasibility study.
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