Golden Independence acquires Yukon Mineral

Apr 26, 2023

Golden Independence Mining Corp announces; it has acquired a portfolio of quartz mining claims located in the eastern Yukon previously held by Bearing Lithium Corp. The Yukon Claims are comprised of three projects covering almost 8,000 hectares, the HY-Jay, VBA and VM, all of which are located along the 50-kilometre Upper Hyland River Gold Belt.

This belt of favourable stratigraphy, comprised of Upper Proterozoic to Lower Cambrian Hyland Group, is host to several high-grade, sediment-hosted orogenic gold vein occurrences. “The acquisition of these claims for no material consideration represents an accretive transaction which provides optionality on an emerging gold district in the Yukon” commented Jeremy Poirier, CEO of Golden Independence.

“While we are currently aggregating all the historical exploration data from these projects in order to determine the best next steps forward for the projects, as there are a number of very prospective high-grade samples that have not previously been followed up on” added more.

Golden Independence Mining Corp. is a development company currently focused on the development-stage Independence project located adjacent to Nevada Gold Mine’s Phoenix-Fortitude mine in the Battle Mountain-Cortez Trend of Nevada in addition to the wholly owned Napoleon gold project located in the Kamloops Mining Division of BC and Yukon gold claims in the Watson Lake district of the Yukon.

The Independence project hosts an M&I resource of 334,300 ounces of gold and an Inferred resource of 847,000 ounces of gold with a substantial silver credit. A 2021 Preliminary Economic Assessment (PEA) outlined a low-cost heap leach operation focusing on the near-surface resource with total production of 195,443 ounces of gold at an all-in sustaining cost of US$1,078 per ounce of gold.

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