Golden Independence CEO Chris Doulis

Golden Independence Mining (CSE:IGLD,OTCQB:GIDMF,FWB:6NN) accomplished two milestones at its Independence mission in Nevada via getting into right into a joint project with Americas Gold Exploration and finishing a sure initial financial evaluation (PEA).

Golden Independence CEO Christos Doulis main points the corporate’s 2022 plans on exploring the useful resource and unlocking additional alternatives on its flagship world-class asset.

“We shaped the three way partnership and we now personal 51 % of the Independence mission with a ten % operator charge as we advance it. After which the opposite giant piece of stories that we had used to be the PEA at the near-surface useful resource at Independence,” Doulis stated.

“We defined a pleasing little powerful operation over a six yr mine lifestyles with a web provide worth of round US$45 million the use of the present spot gold and silver costs.”

In keeping with Doulis, the corporate objectives to end up that the useful resource on the flagship belongings is significantly higher and even two times as giant as the present 800,000 ounce estimate. The PEA envisions a 9,000 tonne in line with day open-pit and heap-leach operation with a Merrill-Crowe circuit. Important alternatives exist for growth and optimization, together with the opportunity of shared infrastructure with the adjoining Phoenix running mine.

“The outdated Fortitude, which used to be mined out 30 years in the past, a couple of mile to the east folks, used to be 2.3 million oz at 7.5 grams,” Doulis shared. “And that used to be indubitably a world-class deposit. We hope that the scoring that we have got on our mission has a an identical profile. Someplace in that very same roughly order of magnitude and measurement, we no doubt are aware of it has the similar roughly grade profile. That’ll be the focal point in 2022. We’re going to be exploring to look whether or not we will be able to display that it has got actual science to it.”

Watch the overall interview of Golden Independence CEO Chris Doulis above.

Disclaimer: This interview is subsidized via Golden Independence Mining (CSE:IGLD,OTCQB:GIDMF,FRA:6NN). This interview supplies data which used to be sourced via the Making an investment Information Community (INN) and authorized via Golden Independence Mining with a view to lend a hand traders be told extra concerning the corporate. Golden Independence Mining is a shopper of INN. The corporate’s marketing campaign charges pay for INN to create and replace this interview.

INN does no longer supply funding recommendation and the ideas in this profile will have to no longer be thought to be a advice to shop for or promote any safety. INN does no longer endorse or counsel the industry, merchandise, services and products or securities of any corporate profiled.

The guidelines contained this is for info functions handiest and isn’t to be construed as an be offering or solicitation for the sale or acquire of securities. Readers will have to habits their very own analysis for all data publicly to be had in regards to the corporate. Prior to creating any funding determination, it is strongly recommended that readers seek the advice of immediately with Golden Independence Mining and visit a certified funding consultant.

This interview might include forward-looking statements together with however no longer restricted to feedback in regards to the timing and content material of upcoming paintings methods, receipt of belongings titles, and many others. Ahead-looking statements deal with long run occasions and stipulations and due to this fact contain inherent dangers and uncertainties. Exact effects might fluctuate materially from the ones lately expected in such statements. The issuer is predicated upon litigation coverage for forward-looking statements. Making an investment in firms comes with uncertainties as marketplace values can range.



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